Press release
Cumene Market Anticipated To Witness Robust Growth, Surpassing $38.84 Billion By 2029
Cumene Market Size
What Is the Current Cumene Market Size and Its Estimated Growth Rate?
The cumene market has shown strong growth, increasing from $28.94 billion in 2024 to $30.73 billion in 2025 at a CAGR of 6.2%, attributed to higher demand for phenol and acetone, expanding use of cumene-based resins and plastics, rising industrial activities, income growth, and awareness of cumene's advantages.
The cumene market is expected to see robust growth in the next few years. It will grow to $38.84 billion by 2029 at a compound annual growth rate (CAGR) of 6.0%. The growth can be attributed to urbanization, rising consumer goods consumption, the expansion of the pharmaceutical and chemical industries, economic growth, and the development of bio-based cumene alternatives. Trends expected in the forecast period include biobased cumene, advanced phenol derivatives, digitalization, green chemistry, and sustainable practices.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=2729
How Are Emerging Segments Shaping the Cumene Market Landscape?
The cumene market covered in this report is segmented -
1) By Manufacturing Process: Aluminum Chloride Catalyst, Solid Phosphoric Acid (SPA) Catalyst, And Zeolite Catalyst
2) By Application: Phenol, Acetone, Chromatography, Other Applications
3) By End Userr Industry: Paints Industry, Automotive Industry, Chemical Industry, Plastics Industry, Other End-User Industries
Subsegments:
1) By Aluminum Chloride Catalyst: Liquid Phase Process, Gas Phase Process, Other Aluminum Chloride Catalyst Processes
2) By Solid Phosphoric Acid (SPA) Catalyst: Single Bed SPA Process, Multi-Bed SPA Process, Other SPA Catalyst Processes
3) By Zeolite Catalyst: Fluidized Bed Zeolite Process, Fixed Bed Zeolite Process, Other Zeolite Catalyst Processes
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2729&type=smp
Which Growth Factors Are Influencing Cumene Market Expansion?
The expanding automotive industry is expected to drive the cumene market's growth in the near future. Cumene is primarily used to manufacture phenol and acetone, which are crucial in automotive production. In June 2023, the European Automobile Manufacturers Association (ACEA) reported that global motor vehicle production hit 85.4 million units in 2022, reflecting a 5.7% increase compared to 2021. As the automotive industry continues to grow, so will the demand for cumene.
Who Are the Dominant Players Across Different Cumene Market Segments?
Major companies operating in the cumene market include Shell plc, Exxon Mobil Corporation, BP plc, Sumitomo Chemical Co. Ltd., BASF SE, Dow Chemical Company, China Petroleum and Chemical Corporation, Ineos Group Limited, Compañía Española de Petróleos SAU, Chang Chun Group, Braskem SA, Saudi Arabia's Basic Industries Corporation, KMG Chemicals Inc., China National Petroleum Corporation, China Petrochemical Development Corporation, Koch Industries Inc., Mitsui & Co. Ltd., Eni spa, Sunoco LP, Aramco Services Company, Flint Hills Resources LLC, Axiall Corporation, Sigma-Aldrich, TotalEnergies SE, Borealis AG, Total Petrochemicals & Refining USA Inc., Kumho Petrochemical Co. Ltd., Asahi Kasei Chemicals Corporation, LG Chem Ltd., Chevron Phillips Chemical Company, Idemitsu Kosan Co. Ltd., PTT Phenol Company Limited, CEPSA Química SA, Reliance Industries Limited, Indian Oil Corporation Limited
What Are the Latest Developing Trends in the Cumene Market?
Strategic partnerships are helping major cumene market players strengthen their market position and support sustainability goals. For example, in December 2023, Ineos Phenol launched Europe's largest cumene plant in Marl, Germany, with an annual capacity of 750,000 metric tons. The facility reduces carbon emissions by 50% through advanced heat integration and benefits from strategic pipeline connections, solidifying Ineos's global leadership in phenol and acetone production.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/cumene-global-market-report
Which Geographic Regions Are Expected to Dominate the Cumene Market in the Coming Years?
Asia-Pacific was the largest region in the cumene market in 2023. Middle East was the second-largest region in the global cumene market. The regions covered in the cumene market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Cumene Market?
2. What is the CAGR expected in the Cumene Market?
3. What Are the Key Innovations Transforming the Cumene Industry?
4. Which Region Is Leading the Cumene Market?
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Cumene Market Anticipated To Witness Robust Growth, Surpassing $38.84 Billion By 2029 here
News-ID: 4053041 • Views: …
More Releases from The Business Research Company
Key Trends Reshaping the Tear Gas Market: Advancements In Tear Gas Delivery Syst …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Tear Gas Market Size Growth Forecast: What to Expect by 2025?
The size of the tear gas market has witnessed substantial growth in the last few years. It is anticipated to expand from $1.27 billion in 2024 to $1.36 billion in 2025, reflecting a compound annual growth rate (CAGR)…
Increasing Investment In Space Exploration Fueling The Growth Of The Market Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Suborbital Flight Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the past few years, the suborbital flight market has seen impressive growth. The market currently valued at $0.81 billion in 2024, is expected to reach $0.93 billion in 2025, showcasing a Compound Annual Growth…
Soaring Demand Set to Propel Special Vehicle Drive Shaft Market to $2.45 Billion …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Special Vehicle Drive Shaft Market Through 2025?
In the last few years, there has been a substantial increase in the market size of special vehicle drive shaft. The market is predicted to rise from $1.82 billion in 2024 to $1.94 billion…
Unlocking Opportunities in the Space-Based Virtual Reality Market: 2025-2034 For …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Space-Based Virtual Reality Industry Market Size Be by 2025?
The market size for space-based virtual reality has seen substantial growth over the recent years. The market is expected to expand from $2.01 billion in 2024 to $2.57 billion in 2025, with a compound annual growth…
More Releases for Cumene
How to Setup a Cumene Manufacturing Plant
Setting up a cumene manufacturing facility necessitates a detailed market analysis alongside granular insights into various operational aspects, including unit processes, raw material procurement, utility provisions, infrastructure setup, machinery and technology specifications, workforce planning, logistics, and financial considerations.
IMARC Group's report titled "Cumene Manufacturing Plant Project Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a cumene manufacturing plant, covering…
Cumene Market: An In-Depth Overview
Introduction
The cumene market plays a pivotal role in the global chemical industry. Cumene, also known as isopropylbenzene, is an aromatic hydrocarbon primarily used as an intermediate in the production of various chemicals. It is a crucial raw material for the production of phenol and acetone, both of which are extensively used in manufacturing plastics, adhesives, paints, and pharmaceuticals. The demand for cumene has been on the rise due to the…
Cumene Prices, Demand, News, Chart and Forecast
𝐂𝐮𝐦𝐞𝐧𝐞 𝐏𝐫𝐢𝐜𝐞𝐬 𝐈𝐧 𝐔𝐒𝐀
• 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬: 1453 USD/MT
The cumene prices in the United States for Q4 2023 reached 1453 USD/MT in December.
The latest report by IMARC Group, titled "𝐂𝐮𝐦𝐞𝐧𝐞 𝐏𝐫𝐢𝐜𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭 𝟐𝟎𝟐𝟒: 𝐏𝐫𝐢𝐜𝐞 𝐓𝐫𝐞𝐧𝐝, 𝐂𝐡𝐚𝐫𝐭, 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐍𝐞𝐰𝐬, 𝐃𝐞𝐦𝐚𝐧𝐝, 𝐇𝐢𝐬𝐭𝐨𝐫𝐢𝐜𝐚𝐥 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐃𝐚𝐭𝐚," provides a thorough examination of the 𝐂𝐮𝐦𝐞𝐧𝐞 𝐏𝐫𝐢𝐜𝐞𝐬. This report delves into the price of Cumene globally, presenting a detailed analysis, along with informative Price Chart. Through comprehensive Price analysis,…
Cumene Market Size, Share | Growth - 2030
Exclusive Report by Ameco Research: Cumene Market Size Projected to Reach USD 41 Billion by 2030, Growing at 7% CAGR
[City, State] - [Date] - Ameco Research is proud to announce the launch of its latest market research report, Cumene Market. This comprehensive report provides in-depth analysis and insights into the current market trends and future projections in the Industry/Market Segment. Ameco Research has been at the forefront of providing…
Cumene Market to see Huge Growth by 2028
Cumene Market, Cumene Industry, Cumene Market Size, Cumene Market Forecast, Cumene Market Trends
Cumene Market research report is one of the effective ways to target customers and satisfy their growing needs as it gathers all the significant market data. It allows tracking future business growth for the forthcoming duration 2022-2028. It further helps to categorize objectives for the business while targeting consumers. It is the major objective of any key organization…
Cumene Market Latest Research and Developments 2014 - 2030
Analysis of the Cumene Market
A new comprehensive market study on CUMENE MARKET provides a detailed overview of the demand and consumption patterns of Cumene Market. This market study describes the global market of Cumene Market, with focus on major countries and their subsequent demand across different market segments, technologies, and end-use industries of Cumene Market. In-depth market analysis on Cumene Market in terms of volume and value for each segment…
