Cumene Market Size, Shares, Strategies, Analysis and Overview Up to 2025
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<strong>Cumene</strong> <strong>Market</strong> <strong>Size</strong>, <strong>Shares</strong>, <strong>Strategies</strong>, <strong>Analysis</strong> <strong>and</strong> <strong>Overview</strong><br />
<strong>Up</strong> <strong>to</strong> <strong>2025</strong><br />
“<strong>Cumene</strong> is also termed as is opropyl benzene, 1-methylethyl<br />
benzene, or 2-phenylpropane, is an organic compound with a<br />
molecular formula C9H12 <strong>and</strong> molecular weight 120.195 g/mol.<br />
It is volatile liquid <strong>and</strong> colorless with a gasoline like odor <strong>and</strong> may<br />
be used as a combination constituent in gasoline.”<br />
Global <strong>Cumene</strong> <strong>Market</strong> is expected <strong>to</strong> reach USD 28.2 billion by <strong>2025</strong>. <strong>Cumene</strong> is also termed as is opropyl<br />
benzene, 1-methylethyl benzene, or 2-phenylpropane, is an organic compound with a molecular formula C9H12<br />
<strong>and</strong> molecular weight 120.195 g/mol. It is volatile liquid <strong>and</strong> colorless with a gasoline like odor <strong>and</strong> may be used<br />
as a combination constituent in gasoline. It is a natural constituent of crude oil <strong>and</strong> coal tar. It is exclusively used<br />
for manufacturing Ace<strong>to</strong>ne <strong>and</strong> Phenol, two chemicals that are exclusively used <strong>to</strong> make plastics. The cumene<br />
market is estimated <strong>to</strong> grow at a significant CAGR of 4.6 % over the forecast period as the scope <strong>and</strong> its<br />
applications are rising enormously across the globe.<br />
Increasing dem<strong>and</strong> for ace<strong>to</strong>ne <strong>and</strong> phenol in several end use industries <strong>and</strong> environmental policy registered<br />
with VAM in developing countries are documented as major fac<strong>to</strong>rs of cumene industry that are estimated <strong>to</strong><br />
enhance the growth in the years <strong>to</strong> come. However, hazardous effects of <strong>Cumene</strong> on health may restrict overall<br />
market growth in the coming years. <strong>Cumene</strong> market is segmented based on product type, applications, <strong>and</strong><br />
region.<br />
Aluminum chloride, zeolite, solid phosphoric acid, <strong>and</strong> other product types could be explored in <strong>Cumene</strong> in the<br />
forecast period. Zeolite sec<strong>to</strong>r accounted for the substantial market share of <strong>Cumene</strong> <strong>and</strong> is estimated <strong>to</strong><br />
continue its dominance in the coming years. Also, the sec<strong>to</strong>r is estimated <strong>to</strong> grow at highest CAGR in the coming<br />
years.<br />
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The may be categorized based on applications like ace<strong>to</strong>ne, phenol, <strong>and</strong> others that could be explored in the<br />
forecast period. Phenol sec<strong>to</strong>r accounted for the substantial market share of <strong>Cumene</strong> <strong>and</strong> is estimated <strong>to</strong> lead<br />
the overall market in the coming years. Derivatives of phenol includes alkyl phenols, phenol resins, bisphenolA,<br />
caprolactam, <strong>and</strong> others. Also, ace<strong>to</strong>ne sec<strong>to</strong>r is estimated <strong>to</strong> grow at fastest pace in the coming years. The<br />
derivatives of ace<strong>to</strong>ne are aldol chemicals, solvent use, bisphenolA, methyl methacrylate, <strong>and</strong> others.<br />
Globally, Asia Pacific accounted for the substantial market share of <strong>Cumene</strong> <strong>and</strong> is estimated <strong>to</strong> lead the overall<br />
market in the coming years. The reason behind the overall market growth could be high dem<strong>and</strong> from<br />
developing countries like China, Indonesia, <strong>and</strong> India, high dem<strong>and</strong> for ace<strong>to</strong>ne <strong>and</strong> phenol, <strong>and</strong> developing<br />
construction <strong>and</strong> au<strong>to</strong>motive companies in the region. Instead, Europe is also estimated <strong>to</strong> have a positive<br />
influence on the future growth.<br />
Browse Full Research Report @<br />
https://www.millioninsights.com/industry-reports/cumene-market<br />
The key players of cumene market are Dow Chemical Company, ExxonMobil, Saudi Basic Industries Corporation,<br />
BASF SE, Sinopec Group Ltd., China Petroleum & Chemical Corporation, <strong>and</strong> Total S.A. These players are<br />
concentrating on inorganic growth <strong>to</strong> sustain themselves amongst fierce competition. As companies all over the<br />
world have <strong>to</strong> believe that alliance with a market would permit them proportional market existence <strong>and</strong><br />
authority <strong>to</strong> declare the leadership position.<br />
<strong>Market</strong> Segment:<br />
Production Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2014 - <strong>2025</strong>)<br />
• Zeolite<br />
• Solid Phosphoric Acid<br />
• Aluminum Chloride<br />
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2014 - <strong>2025</strong>)<br />
• Phenol<br />
• Phenol resins<br />
• Caprolactam<br />
• Bisphenol A
• Alkyl phenols<br />
• Others<br />
• Ace<strong>to</strong>ne<br />
• Solvent use<br />
• Methyl Methacrylate<br />
• Bisphenol A<br />
• Aldol chemicals<br />
• Others<br />
• Others<br />
Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2014 - <strong>2025</strong>)<br />
• North America<br />
• U.S.<br />
• Europe<br />
• Germany<br />
• UK<br />
• France<br />
• Asia Pacific<br />
• China<br />
• Japan<br />
• South Korea<br />
• Central & South America<br />
• Middle East & Africa
See More Reports of this Category by Million Insights @<br />
https://www.millioninsights.com/industry/chemicals<br />
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