Cumene Market Outlook (2022 to 2032)

The Cumene Market is anticipated to register a CAGR of 5.4% during the period of 2022 to 2032. The cumene market is anticipated to reach USD 42.7 Billion in 2032, from USD 25.1 Billion in 2022. The market was valued at USD 23.5 Billion in 2021, and is expected to grow with a Y-O-Y growth rate of 6.8%.

Product innovations, such as the development of food-grade cumene for polycarbonate plastic-based containers and bottles are expected to extend profitable opportunities to the market players during the forecast period.

Attributes Details
Cumene Market CAGR (2022 to 2032) 5.4%
Cumene Market (2022) USD 25.1 Billion
Cumene Market (2032) USD 42.7 Billion

Major factors that are expected to boost the growth of the cumene market in the forecast period are the rise in the demand for phenolic resins and bisphenol-A, and the increase in the consumption of acetone and its derivatives.

Prominent Cumene Market Drivers

Increased Utilization of Cumenes across Various Industries spurring Demand

The growing utilization of the cumenes for various applications is estimated to boost the market growth over forecast period. Major factors that are expected to boost the growth of the cumene market in the forecast period are the rise in the demand for phenolic resins and bisphenol-A, and the increase in the consumption of acetone and its derivatives.

Furthermore, the rise in the usage of cumene in adhesives and sealant chemicals and the upsurge in the preference for the consumers towards high octane production are further propelling the growth of the cumene market.

The factors such as increased industrialization and rising consumer demand for high-octane cumene derivatives, are expected to further propel the growth rate of cumene market. In addition, the expansion of the end use industries which are projected to bolster the growth of the market over the analysis period.

Product Innovations and Developments paving way for New Launches

The product innovations, such as the development of food-grade cumene for polycarbonate plastic-based containers and bottles are expected to extend profitable opportunities to the market players during the forecast period.

Moreover, the rise in the development for chemical manufacturing will further expand the future growth of the cumene market.

Key Challenges And Restraints Affecting The Cumene Market Growth

Negative Impact on Health

Humans may experience headaches, dizziness, drowsiness, minor incoordination, and unconsciousness as a result of acute (short-term) inhalation exposure to cumene. Cumene has a depressive effect on the central nervous system (CNS).

Cumene vapors may cause mild discomfort and redness in the eyes. Prolonged or repeated skin contact may cause slight irritation, with local redness, and drying or flaking of the skin. Excessive inhalation of cumene vapors may cause irritation of the nose, throat and upper respiratory tract.

If ingested or swallowed in small amounts, cumene has a low order of toxicity, meaning that health effects will likely be minimal or mild. When swallowed in larger amounts, cumene may cause gastrointestinal irritation, and may be aspirated during vomiting.

These dangerous side effects on the human health will prove to be a demerit for the cumene market. Therefore, this factor will challenge the cumene market growth rate.

High Material Cost

An increase in the material cost is expected to put a mild restraint over the growth of the market in the next five years although, and is further responsible for the downfall of the cumene market during the forecast period.

Key Trends Prevailing In The Cumene Market

Increasing Demand from Phenol Segment

One of the major applications of cumene is in the production of phenol. The liquid-phase oxidation of cumene with molecular oxygen forms cumene hydroperoxide, which is further decomposed into phenol and acetone using a catalyst. The oxidation process requires the use of purified cumene. The catalyst used to decompose cumene hydroperoxide into phenol and acetone is sulphuric acid.

Phenol plays a major role in many industries. Some of the common phenol applications include plywood, window glazing, DVDs and CDs, computers, sports equipment, fiberglass boats, automotive parts and accessories, circuit boards, and flat-panel televisions.

The largest single market for phenol is in the production of Bisphenol A (BPA), which is manufactured from phenol and acetone. BPA, in turn, is used in the manufacturing of epoxy and polycarbonate resins.

Both polycarbonate and epoxy resins are used in many different sectors, making phenol a major component or application for the cumene market. Therefore, all the aforementioned factors are likely to significantly impact demand for the market studied.

Category Wise Analysis For Cumene Market

Zeolite Cumenes to Register Maximum Growth in the Coming Decade

By production, zeolite segment is expected to hold the largest market share of 5.6%. There are several disadvantages of using aluminum chloride and solid phosphoric acid as catalysts for the production process of cumene such as high corrosion, environmental hazard and catalyst non-renewability. This has resulted growth in the use of Zeolite as catalysts for production.

Modern industrial processes employ the usage of zeolites as a catalyst for the production of cumene. Zeolites have various advantages over aluminum chloride. The use of zeolites helps to reduce the formation of olefin oligomers and polyalkylbenzenes, which thus enables attain a yield of 98%. The catalyst also enables to attain alkylation at lower pressure and temperatures.

Increased use of Phenol in Various Industries

By application, the phenol segment is expected to reach at the highest CAGR of 5.4%. This is attributed to increasing use phenol in various industries such as electrical & electronics, automotive, paints & coatings, cosmetics, and others. Furthermore, it is used as a solvent for paints, lacquers, and enamels, which find their uses in automotive and furniture.

The phenol resins derived using isopropyl benzene finds its usage in the home construction sector in the form of adhesives for structured wood panels, and in the production of mineral wool insulations as binders.

Region Wise Analysis For Cumene Market

How Opportunistic will the Market for Cumene be across Asia Pacific and the USA?

The Asia-Pacific region dominates the cumene market in terms of both consumption and production. The growing automotive industry in growing economies such as China, India, and South Korea. New product launches in consumer and cosmetics industry are expected to support the market growth for cumene market.

China accounts for more than one-fourth of the global coatings market presently. According to the China National Coatings Industry Association, the sector has been registering a growth of 7% in recent years.

Since 2019, the construction of at least ten large coatings investment projects in China has been reported publicly. Nippon has been tapping into this market by upgrading its coatings production process across its new plants in China. ?

China is expected to represent the highest CAGR of 4.6% in the cumene market during the forecast period, to reach USD 2.9 Billion. On the other hand, Japan is expected to represent the highest CAGR of 4.7% in the Cumene Market during the forecast period, to reach USD 2.4 Billion.

In North America, growing technological advancement in the region is augmenting the market growth. Established automotive industry and rising demand for growing lightweight automobiles are other major factors that are driving the market for cumene market. The US is expected to represent the highest CAGR of 5.0% in the cumene market during the forecast period, to reach USD 14.9 Billion.

Will Europe emerge as an Attractive Cumene Market?

Cumene Market in UK to Witness Better Growth Opportunities

Established automobile market in Europe is expected to support the market growth for cumene. The consumption of cumene market is also increasing in the region due to growing urbanization and growing disposable income among the consumers to drive the market growth.

Easy availability of raw materials such as natural gas and crude oil is further expected to augment the market growth of cumene.UK is expected to hold a significant position in the global cumene market, experiencing a CAGR of 4.4% during the forecast period, to reach USD 1.9 Billion.

Who are the Key Competitors in the Cumene Market?

Braskem, Cepsa, Chang Chun Group, CITGO, Domo Chemicals, Dow, INEOS, Koch Industries Inc., Kumho P&B Chemicals Inc., Prasol Chemicals Pvt. Ltd., Royal Dutch Shell PLC., SABIC, and Versalis SpA, among others are the top companies in the global cumene market.

With a sizable cumene market share, these main firms are concentrating on growing their consumer base into new countries. These businesses are making use of strategic collaboration initiatives to grow their market share and profits.

Mid-size and smaller businesses, on the other hand, are expanding their market presence by gaining new contracts and entering new markets, thanks to technical developments and product innovations.

Recent Developments

  • In May 2021, PPG announced the completion of a USD 13 Million investment in its paint and coatings plant in Jiading, China, which includes eight new powder coating production lines and an enlarged powder coatings technology centre, which will improve PPG's research and development capabilities. The extension will almost certainly boost the plant's capacity by over 8,000 tonnes per year.
  • In October 2019, INEOS announced that it had broken ground at its global-scale cumene investment facility at Marl, Germany. With a capacity of 750,000 ton per year of cumene, the plant’s construction was expected to be completed in 2021.
  • In October 2015, INEOS Americas LLC acquired Axiall Corporation for USD 62.9 Million. The acquisition comprises of cumene plant with a production capacity of 900,000 tons and will help the company to expand its portfolio and expansion of in market while also serving the consumer demand.

By Key Players

  • Braskem
  • Cepsa
  • Chang Chun Group
  • CITGO
  • Domo Chemicals
  • Dow
  • INEOS
  • Koch Industries Inc.
  • Kumho P&B Chemicals Inc.
  • Prasol Chemicals Pvt. Ltd
  • Royal Dutch Shell PLC
  • SABIC
  • Versalis SpA

Key Segments Covered In The Cumene Market Report

By Production:

  • Zeolite Cumene
  • Solid Phosphoric Acid Cumene
  • Aluminum Chloride Cumene

By Application:

  • Cumene for Phenol
    • Phenol Resins
    • Caprolactum
    • Bisphenol A
    • Alkylphenols
    • Others
  • Cumene for Acetone
    • Solvent Use
    • Methyl Methacrylate
    • Bisphenol A
    • Aldol Chemicals
    • Others
  • Cumene for Other Applications

By Region:

  • North America Cumene Market
  • Latin America Cumene Market
  • Europe Cumene Market
  • Asia Pacific Cumene Market
  • Middle East and Africa Cumene Market

Table of Content

  • 1. Executive Summary
  • 2. Market Overview
  • 3. Market Risks and Trends Assessment
  • 4. Market Background and Foundation Data Points
  • 5. Key Success Factors
  • 6. Global Cumene Market Demand Analysis 2015 to 2021 and Forecast 2022 to 2032
  • 7. Global Cumene Market Value Analysis 2015 to 2021 and Forecast 2022 to 2032
  • 8. Global Cumene Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Production
    • 8.1. Zeolite
    • 8.2. Solid phosphoric acid
    • 8.3. Aluminum chloride
  • 9. Global Cumene Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Application
    • 9.1. Phenol
      • 9.1.1. Phenol resins
      • 9.1.2. Caprolactam
      • 9.1.3. Bisphenol A
      • 9.1.4. Alkylphenols
      • 9.1.5. Others
    • 9.2. Acetone
      • 9.2.1. Solvent use
      • 9.2.2. Methyl methacrylate
      • 9.2.3. Bisphenol A
      • 9.2.4. Aldol Chemicals
      • 9.2.5. Others
    • 9.3. Others
  • 10. Global Cumene Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Region
    • 10.1. North America
    • 10.2. Latin America
    • 10.3. Europe
    • 10.4. Asia Pacific
    • 10.5. Middle East and Africa (MEA)
  • 11. North America Cumene Market Analysis 2015 to 2021 and Forecast 2022 to 2032
  • 12. Latin America Cumene Market Analysis 2015 to 2021 and Forecast 2022 to 2032
  • 13. Europe Cumene Market Analysis 2015 to 2021 and Forecast 2022 to 2032
  • 14. Asia Pacific Cumene Market Analysis 2015 to 2021 and Forecast 2022 to 2032
  • 15. Middle East and Africa Cumene Market Analysis 2015 to 2021 and Forecast 2022 to 2032
  • 16. Key Countries Cumene Market Analysis 2015 to 2021 and Forecast 2022 to 2032
  • 17. Market Structure Analysis
  • 18. Competition Analysis
    • 18.1. Dow Chemical Company
    • 18.2. ExxonMobil Corporation
    • 18.3. Shell plc
    • 18.4. BASF SE
    • 18.5. Sinopec Group Ltd.
    • 18.6. Saudi Basic Industries Corporation
    • 18.7. Borealis AG
    • 18.8. Ineos Group Ltd
    • 18.9. TotalEnergies SE
  • 19. Assumptions and Acronyms Used
  • 20. Research Methodology

List of Tables

Table 01: Global Cumene Market Value (US$ Mn), By Production, 2015 – 2032

Table 02: Global Cumene Market Value (US$ Mn), By Production, 2022 – 2032

Table 03: Global Cumene Market Value (US$ Mn), By Application, 2015 – 2032

Table 04: Global Cumene Market Value (US$ Mn), By Application, 2022 – 2032

Table 05: Global Cumene Market, By Region, 2015 – 2032

Table 06: Global Cumene Market, By Region, 2022 – 2032

Table 07: North America Cumene Market Value (US$ Mn), By Production, 2015 – 2032

Table 08: North America Cumene Market Value (US$ Mn), By Production, 2022 – 2032

Table 09: North America Cumene Market Value (US$ Mn), By Application, 2015 – 2032

Table 10: North America Cumene Market Value (US$ Mn), By Application, 2022 – 2032

Table 11: North America Cumene Market, By Country, 2015 – 2032

Table 12: North America Cumene Market, By Country, 2022 – 2032

Table 13: Latin America Cumene Market Value (US$ Mn), By Production, 2015 – 2032

Table 14: Latin America Cumene Market Value (US$ Mn), By Production, 2022 – 2032

Table 15: Latin America Cumene Market Value (US$ Mn), By Application, 2015 – 2032

Table 16: Latin America Cumene Market Value (US$ Mn), By Application, 2022 – 2032

Table 17: Latin America Cumene Market, By Country, 2015 – 2032

Table 18: Latin America Cumene Market, By Country, 2022 – 2032

Table 19: Europe Cumene Market Value (US$ Mn), By Production, 2015 – 2032

Table 20: Europe Cumene Market Value (US$ Mn), By Production, 2022 – 2032

Table 21: Europe Cumene Market Value (US$ Mn), By Application, 2015 – 2032

Table 22: Europe Cumene Market Value (US$ Mn), By Application, 2022 – 2032

Table 23: Europe Cumene Market, By Country, 2015 – 2032

Table 24: Europe Cumene Market, By Country, 2022 – 2032

Table 25: Asia Pacific Cumene Market Value (US$ Mn), By Production, 2015 – 2032

Table 26: Asia Pacific Cumene Market Value (US$ Mn), By Production, 2022 – 2032

Table 27: Asia Pacific Cumene Market Value (US$ Mn), By Application, 2015 – 2032

Table 28: Asia Pacific Cumene Market Value (US$ Mn), By Application, 2022 – 2032

Table 29: Asia Pacific Cumene Market, By Country, 2015 – 2032

Table 30: Asia Pacific Cumene Market, By Country, 2022 – 2032

Table 31: MEA Cumene Market Value (US$ Mn), By Production, 2015 – 2032

Table 32: MEA Cumene Market Value (US$ Mn), By Production, 2022 – 2032

Table 33: MEA Cumene Market Value (US$ Mn), By Application, 2015 – 2032

Table 34: MEA Cumene Market Value (US$ Mn), By Application, 2022 – 2032

Table 35: MEA Cumene Market, By Country, 2015 – 2032

Table 36: MEA Cumene Market, By Country, 2022 – 2032

Table 37: Global Cumene Market Incremental $ Opportunity, By Production, 2022 - 2032

Table 38: Global Cumene Market Incremental $ Opportunity, By Application, 2022 – 2032

Table 39: Global Cumene Market Incremental $ Opportunity, By Region, 2022 – 2032

Table 40: North America Cumene Market Incremental $ Opportunity, By Production, 2022 - 2032

Table 41: North America Cumene Market Incremental $ Opportunity, By Application, 2022 – 2032

Table 42: North America Cumene Market Incremental $ Opportunity, By Country, 2022 – 2032

Table 43: Latin America Cumene Market Incremental $ Opportunity, By Production, 2022 - 2032

Table 44: Latin America Cumene Market Incremental $ Opportunity, By Application, 2022 – 2032

Table 45: Latin America Cumene Market Incremental $ Opportunity, By Country, 2022 – 2032

Table 46: Europe Cumene Market Incremental $ Opportunity, By Production, 2022 - 2032

Table 47: Europe Cumene Market Incremental $ Opportunity, By Application, 2022 – 2032

Table 48: Europe Cumene Market Incremental $ Opportunity, By Country, 2022 - 2032

Table 49: Asia Pacific Cumene Market Incremental $ Opportunity, By Production, 2022 - 2032

Table 50: Asia Pacific Cumene Market Incremental $ Opportunity, By Application, 2022 – 2032

Table 51: Asia Pacific Cumene Market Incremental $ Opportunity, By Country, 2022 – 2032

Table 52: MEA Cumene Market Incremental $ Opportunity, By Production, 2022 - 2032

Table 53: MEA Cumene Market Incremental $ Opportunity, By Application, 2022 – 2032

Table 54: MEA Cumene Market Incremental $ Opportunity, By Country, 2022 - 2032

List of Figures

Figure 01: Global Cumene Market Value (US$ Mn) and Year-on-Year Growth, 2022-2032

Figure 02: Global Cumene Market Absolute $ Historical Gain (2015 - 2021) and Opportunity (2022 – 2032), US$ Mn

Figure 03: Global Cumene Market Share, By Production, 2021 & 2032

Figure 04: Global Cumene Market Y-o-Y Growth Projections, By Production – 2022-2032

Figure 05: Global Cumene Market Attractiveness Index, By Production – 2022-2032

Figure 06: Global Cumene Market Share, By Application, 2021 & 2032

Figure 07: Global Cumene Market Y-o-Y Growth Projections, By Application – 2022-2032

Figure 08: Global Cumene Market Attractiveness Index, By Application – 2022-2032

Figure 09: Global Cumene Market Share, By Region, 2021 & 2032

Figure 10: Global Cumene Market Y-o-Y Growth Projections, By Region – 2022-2032

Figure 11: Global Cumene Market Attractiveness Index, By Region – 2022-2032

Figure 12: North America Cumene Market Value (US$ Mn) and Year-on-Year Growth, 2022-2032

Figure 13: North America Cumene Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn

Figure 14: North America Cumene Market Share, By Production, 2021 & 2032

Figure 15: North America Cumene Market Y-o-Y Growth Projections, By Production – 2022-2032

Figure 16: North America Cumene Market Attractiveness Index, By Production – 2022-2032

Figure 17: North America Cumene Market Share, By Application, 2021 & 2032

Figure 18: North America Cumene Market Y-o-Y Growth Projections, By Application – 2022-2032

Figure 19: North America Cumene Market Attractiveness Index, By Application – 2022-2032

Figure 20: North America Cumene Market Share, By Country, 2021 & 2032

Figure 21: North America Market Y-o-Y Growth Projections, By Country – 2022-2032

Figure 22: North America Market Attractiveness Index, By Country – 2022-2032

Figure 23: Latin America Cumene Market Value (US$ Mn) and Year-on-Year Growth, 2022-2032

Figure 24: Latin America Cumene Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn

Figure 25: Latin America Cumene Market Share, By Production, 2021 & 2032

Figure 26: Latin America Cumene Market Y-o-Y Growth Projections, By Production – 2022-2032

Figure 27: Latin America Cumene Market Attractiveness Index, By Production – 2022-2032

Figure 28: Latin America Cumene Market Share, By Application, 2021 & 2032

Figure 29: Latin America Cumene Market Y-o-Y Growth Projections, By Application – 2022-2032

Figure 30: Latin America Cumene Market Attractiveness Index, By Application – 2022-2032

Figure 31: Latin America Cumene Market Share, By Country, 2021 & 2032

Figure 32: Latin America Cumene Market Y-o-Y Growth Projections, By Country – 2022-2032

Figure 33: Latin America Cumene Market Attractiveness Index, By Country – 2022-2032

Figure 34: Europe Cumene Market Value (US$ Mn) and Year-on-Year Growth, 2022-2032

Figure 35: Europe Cumene Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn

Figure 36: Europe Cumene Market Share, By Production, 2021 & 2032

Figure 37: Europe Cumene Market Y-o-Y Growth Projections, By Production – 2022-2032

Figure 38: Europe Cumene Market Attractiveness Index, By Production – 2022-2032

Figure 39: Europe Cumene Market Share, By Application, 2021 & 2032

Figure 40: Europe Cumene Market Y-o-Y Growth Projections, By Application – 2022-2032

Figure 41: Europe Cumene Market Attractiveness Index, By Application – 2022-2032

Figure 42: Europe Cumene Market Share, By Country, 2021 & 2032

Figure 43: Europe Cumene Market Y-o-Y Growth Projections, By Country – 2022-2032

Figure 44: Europe Cumene Market Attractiveness Index, By Country – 2022-2032

Figure 45: MEA Cumene Market Value (US$ Mn) and Year-on-Year Growth, 2022-2032

Figure 46: MEA Cumene Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn

Figure 47: MEA Cumene Market Share, By Production, 2021 & 2032

Figure 48: MEA Cumene Market Y-o-Y Growth Projections, By Production – 2022-2032

Figure 49: MEA Cumene Market Attractiveness Index, By Production – 2022-2032

Figure 50: MEA Cumene Market Share, By Application, 2021 & 2032

Figure 51: MEA Cumene Market Y-o-Y Growth Projections, By Application – 2022-2032

Figure 52: MEA Cumene Market Attractiveness Index, By Application – 2022-2032

Figure 53: MEA Cumene Market Share, By Country, 2021 & 2032

Figure 54: MEA Cumene Market Y-o-Y Growth Projections, By Country – 2022-2032

Figure 55: MEA Cumene Market Attractiveness Index, By Country – 2022-2032

Figure 56: Asia Pacific Cumene Market Value (US$ Mn) and Year-on-Year Growth, 2022-2032

Figure 57: Asia Pacific Cumene Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn

Figure 58: Asia Pacific Cumene Market Share, By Production, 2021 & 2032

Figure 59: Asia Pacific Cumene Market Y-o-Y Growth Projections, By Production – 2022-2032

Figure 60: Asia Pacific Cumene Market Attractiveness Index, By Production – 2022-2032

Figure 61: Asia Pacific Cumene Market Share, By Application, 2021 & 2032

Figure 62: Asia Pacific Cumene Market Y-o-Y Growth Projections, By Application – 2022-2032

Figure 63: Asia Pacific Cumene Market Attractiveness Index, By Application – 2022-2032

Figure 64: Asia Pacific Cumene Market Share, By Country, 2021 & 2032

Figure 65: Asia Pacific Cumene Market Y-o-Y Growth Projections, By Country – 2022-2032

Figure 66: Asia Pacific Cumene Market Attractiveness Index, By Country – 2022-2032

Figure 67: US Cumene Market Value (US$ Mn) and Forecast, 2022 - 2032

Figure 68: US Cumene Market Share, By Production,2021 & 2032

Figure 69: US Cumene Market Share, By Application,2021 & 2032

Figure 70: Canada Cumene Market Value (US$ Mn) and Forecast, 2022 - 2032

Figure 71: Canada Cumene Market Share, By Production,2021 & 2032

Figure 72: Canada Cumene Market Share, By Application,2021 & 2032

Figure 73: Brazil Cumene Market Value (US$ Mn) and Forecast, 2022 - 2032

Figure 74: Brazil Cumene Market Share, By Production,2021 & 2032

Figure 75: Brazil Cumene Market Share, By Application,2021 & 2032

Figure 76: Mexico Cumene Market Value (US$ Mn) and Forecast, 2022 - 2032

Figure 77: Mexico Cumene Market Share, By Production,2021 & 2032

Figure 78: Mexico Cumene Market Share, By Application,2021 & 2032

Figure 79: Germany Cumene Market Value (US$ Mn) and Forecast, 2022 - 2032

Figure 80: Germany Cumene Market Share, By Production,2021 & 2032

Figure 81: Germany Cumene Market Share, By Application,2021 & 2032

Figure 82: U.K. Cumene Market Value (US$ Mn) and Forecast, 2022 - 2032

Figure 83: U.K. Cumene Market Share, By Production,2021 & 2032

Figure 84: U.K. Cumene Market Share, By Application,2021 & 2032

Figure 85: France Cumene Market Value (US$ Mn) and Forecast, 2022 - 2032

Figure 86: France Cumene Market Share, By Production,2021 & 2032

Figure 87: France Cumene Market Share, By Application,2021 & 2032

Figure 88: Italy Cumene Market Value (US$ Mn) and Forecast, 2022 - 2032

Figure 89: Italy Cumene Market Share, By Production,2021 & 2032

Figure 90: Italy Cumene Market Share, By Application,2021 & 2032

Figure 91: BENELUX Cumene Market Value (US$ Mn) and Forecast, 2022 - 2032

Figure 92: BENELUX Cumene Market Share, By Production,2021 & 2032

Figure 93: BENELUX Cumene Market Share, By Application,2021 & 2032

Figure 94: Nordic Countries Cumene Market Value (US$ Mn) and Forecast, 2022 - 2032

Figure 95: Nordic Countries Cumene Market Share, By Production,2021 & 2032

Figure 96: Nordic Countries Cumene Market Share, By Application,2021 & 2032

Figure 97: China Cumene Market Value (US$ Mn) and Forecast, 2022 - 2032

Figure 98: China Cumene Market Share, By Production,2021 & 2032

Figure 99: China Cumene Market Share, By Application,2021 & 2032

Figure 100: Japan Cumene Market Value (US$ Mn) and Forecast, 2022 - 2032

Figure 101: Japan Cumene Market Share, By Production,2021 & 2032

Figure 102: Japan Cumene Market Share, By Application,2021 & 2032

Figure 103: South Korea Cumene Market Value (US$ Mn) and Forecast, 2022 - 2032

Figure 104: South Korea Cumene Market Share, By Production,2021 & 2032

Figure 105: South Korea Cumene Market Share, By Application,2021 & 2032

Figure 106: GCC Countries Cumene Market Value (US$ Mn) and Forecast, 2022 - 2032

Figure 107: GCC Countries Cumene Market Share, By Production,2021 & 2032

Figure 108: GCC Countries Cumene Market Share, By Application,2021 & 2032

Figure 109: South Africa Cumene Market Value (US$ Mn) and Forecast, 2022 - 2032

Figure 110: South Africa Cumene Market Share, By Production,2021 & 2032

Figure 111: South Africa Cumene Market Share, By Application,2021 & 2032

Figure 112: Turkey Cumene Market Value (US$ Mn) and Forecast, 2022 - 2032

Figure 113: Turkey Cumene Market Share, By Production,2021 & 2032

Figure 114: Turkey Cumene Market Share, By Application,2021 & 2032

Frequently Asked Questions

What was the market value for cumene in 2021?

As of 2021, the market for cumene was valued at USD 23.5 Billion, as per FMI

At what value did the cumene market close in 2022?

By 2022-end, sales of cumenes closed at a value of USD 25.1 Billion

What was the last 6 years value CAGR for the cumene market?

From 2015 to 2021, cumene demand expanded at a CAGR of 6.3%

What is the projected forecast CAGR for the cumene industry from 2022 to 2032?

From 2022 to 2032, cumene sales are expected to flourish at a CAGR of 5.4%

According to FMI, what is the anticipated market value for cumene in 2032?

By 2032, the market value of cumene is expected to reach USD 42.7 Billion.

At what percentage will cumene demand accelerate across the US?

From 2022 to 2032, cumene demand in the US is expected to surge at a CAGR of 5.0%

By production, which category ranks first with regard to cumene Market?

By production, the zeolite category constitutes the bulk of market share with a CAGR of 5.6%.

By application, which category ranks first with regard to cumene?

By application, the phenol category of cumene is expected to dominate the market with a CAGR of 5.4%.

Future Market Insights

Cumene Market