Global Cumene Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global cumene market in its upcoming report titled, “Global Cumene Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global cumene market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global cumene market report has been segmented on the basis of production, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Cumene, also known as isopropylbenzene; is an organic compound based on aromatic hydrocarbon with an aliphatic substitution. Cumene is commercially produced as a pure compound by the alkylation process of benzene with propylene and stored in the form of cumene hydroperoxide to avoid oxidation. It is soluble in acetone, ether, and ethanol, but insoluble in water. Though it is a stable compound, but forms peroxides upon contact with air. Cumene is also found as a constituent of crude oil and refined fuel.
An increasing demand of cumene for various applications such as laminates, composites, and plastics, is a major factor anticipated to drive the growth of the global cumene market. In addition, an increasing adoption of cumene from industries such as adhesive and sealant, and paint and coating, is also expected to fuel the growth of the global market to a significant extent over the forecast period. Moreover, increasing demand for byproduct of cumene such as phenol and its derivatives for various applications is also anticipated to propel the growth of the target market over the long run.
However, the toxic nature of the product on exposure can cause health hazards such as skin irritation, headache etc., which may hamper the demand and restrain the growth of the target market. Additionally, fluctuation in crude oil prices resulted in the high price of the product, could restrain growth of the global market. Though, the use of product in the gasoline pool as a blending compound, is expected to create a major growth opportunity for the target market.
The Asia Pacific cumene market accounts for a highest share in terms of revenue in the global cumene market and is expected to maintain its dominance over the forecast period. China, India, and Japan are estimated to be major contributors in Asia Pacific region. The Europe market accounted for a significant share in the global market in terms of revenue and anticipated to witness a significant growth to certain extent, owing to rising demand for various applications. The North America cumene market is expected to witness a moderate growth during the forecast period, due to the growing demand of cumene from end users such as enamels, paints and coatings industry.
Global Cumene Market Segmentation:
Segmentation on the basis of Production:
- Zeolite Catalyst
- Solid Phosphoric Acid
- Aluminum Chloride
Segmentation on the basis of application:
- Others (high Octane Aviation Fuels, and Adhesive and Sealant)
Segmentation on the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- The Dow Chemical Company
- Exxon Mobil Corporation
- China Petrochemical Development Corporation
- Chang Chun Group
- Braskem S.A.
- Royal Dutch Shell plc
- Sumitomo Chemical Co., Ltd.
- INEOS Group
- BASF SE
- Borealis AG
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