Global Cumene Market is expected to reach USD 28.2 billion by 2025. Cumene is also termed as is opropyl benzene, 1-methylethyl benzene, or 2-phenylpropane, is an organic compound with a molecular formula C9H12 and molecular weight 120.195 g/mol. It is volatile liquid and colorless with a gasoline like odor and may be used as a combination constituent in gasoline. It is a natural constituent of crude oil and coal tar. It is exclusively used for manufacturing Acetone and Phenol, two chemicals that are exclusively used to make plastics. The cumene market is estimated to grow at a significant CAGR of 4.6 % over the forecast period as the scope and its applications are rising enormously across the globe.

Increasing demand for acetone and phenol in several end use industries and environmental policy registered with VAM in developing countries are documented as major factors of cumene industry that are estimated to enhance the growth in the years to come. However, hazardous effects of Cumene on health may restrict overall market growth in the coming years. Cumene market is segmented based on product type, applications, and region.

Aluminum chloride, zeolite, solid phosphoric acid, and other product types could be explored in Cumene in the forecast period. Zeolite sector accounted for the substantial market share of Cumene and is estimated to continue its dominance in the coming years. Also, the sector is estimated to grow at highest CAGR in the coming years.

The may be categorized based on applications like acetone, phenol, and others that could be explored in the forecast period. Phenol sector accounted for the substantial market share of Cumene and is estimated to lead the overall market in the coming years. Derivatives of phenol includes alkyl phenols, phenol resins, bisphenolA, caprolactam, and others. Also, acetone sector is estimated to grow at fastest pace in the coming years. The derivatives of acetone are aldol chemicals, solvent use, bisphenolA, methyl methacrylate, and others.

Globally, Asia Pacific accounted for the substantial market share of Cumene and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be high demand from developing countries like China, Indonesia, and India, high demand for acetone and phenol, and developing construction and automotive companies in the region. Instead, Europe is also estimated to have a positive influence on the future growth.

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The key players of cumene market are Dow Chemical Company, ExxonMobil, Saudi Basic Industries Corporation, BASF SE, Sinopec Group Ltd., China Petroleum & Chemical Corporation, and Total S.A. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.

Market Segment:

Production Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2014 - 2025)
• Zeolite
• Solid Phosphoric Acid
• Aluminum Chloride

Application Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2014 - 2025)
• Phenol
• Phenol resins
• Caprolactam
• Bisphenol A
• Alkyl phenols
• Others
• Acetone
• Solvent use
• Methyl Methacrylate
• Bisphenol A
• Aldol chemicals
• Others
• Others

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Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion, 2014 - 2025)
• North America
• U.S.
• Europe
• Germany
• UK
• France
• Asia Pacific
• China
• Japan
• South Korea
• Central & South America
• Middle East & Africa

The Global Cumene Market Size accounted for $xxxxx million in historical year (2017) and is expected to reach $xxxx million by 2025 mounting at a CAGR of xx% over the forecast period. One of the major factors expected to drive the market for cumene market demand across the globe over the forecast period is rising demand for phenol in several industries including composites, plastics, laminates & other industries. Another factor fueling the cumene market growth is rising demand for acetone that uses cumene as a production raw material.

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Cumene is a colorless & clear liquid with a pungent stench that is a component of finished fuels as well as crude oil. Molecular weight of cumene is 120.2 (g/mol) with a boiling point of 152153C, also melting point of -96C. Moreover, the product is used in varied forms petroleum products plus as a thinner for high fuels of octane, lacquers, paints & enamels as well as for the production of acetone, 0acetophenone, methylstyrene and phenol.

The global cumene market has been segmented by different applications and geography. Further, by different application, market has been sub-divided into phenol/acetone and others. Application segment of the cumene market is dominated by phenol/acetone segment and is expected to maintain its dominance over the forecast spell, rising at a CAGR of x.x% in terms of volume.

Likewise geographical segment divides market into certain key regions covering Europe, Asia-Pacific, North America and LAMEA. In addition, Asia-Pacific region was accounted for around xx% cumene market share, trailed by Europe & North America respectively. Moreover, developing economies of Asia-Pacific region are predicted to witness moderate rate of growth, on account of intensifying growth rates in overall economy. Furthermore, increase in investments by key players is another major factor fueling the market growth.

Cumene market across the world operating in the competitive landscape market is making huge investments in research & development in order to develop innovative products to meet the market’s requirement. Key players operating in value chain of the industry include Exxon Mobil Corporation, Royal Dutch Shell Plc., Total S.A., BP Plc., Axiall Corporation, Sumitomo Chemical Co., BASF SE, SABIC, JX Nippon Oil and The Dow Chemical Company.

Other prominent players in the market are KMG Chemicals, CNPC, KenolKobil, Taiwan Cement Corporation, Formosa Plastics Group, Georgia Gulf Corporation, China Petrochemical Development Corporation, Koch Industries, Ineos Group Limited, Petroleos de Venezuela S.A. Mitsui & Co. LTd., Aramco Services Company, CEPSA, Eni Spa, Sunoco, Flint Hills Resources LP, Domo Investment Group, Guangzhou VA-SO Plastics Co. Ltd. and CPCC, Chang Chun Plastics Co. LTD.