The Global Cumene Market Report by The Business Research Company covers cumene market drivers and restraints, cumene market size, major players, and the impact of COVID-19 on the cumene market.

The cumene market consists of sales of cumene and related services. It is used as a raw material in the synthesis of other organic compounds, such as phenol, acetone, acetophenone, and methyl styrene. It is also used as a thinner for paints and lacquers. Cumene is a colorless, flammable liquid and has a penetrating gasoline-like odor.

Rising demand for phenols and acetones in various industries contributes to the growth of the cumene market.

The global cumene market is expected to grow from $15.97 billion in 2020 to $18.34 billion in 2021 at a compound annual growth rate (CAGR) of 14.8%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $17.63 billion in 2025 at a CAGR of -1%.

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Some cumene market trends include companies investing in order to meet the future demand. For instance, in Germany, in 2019, INEOS Phenol, the world’s largest producer of acetone and phenol has done new cumene investment at the Evonik Chemiphar in Marl.

Global cumene market segments include:

1) By End-User Industry: Paints Industry, Automotive Industry, Chemical Industry, Plastics Industry And Others.

2) By Application: Phenol, Acetone, Chromatography, Others.

3) By Manufacturing Process: Aluminum Chloride Catalyst, Solid Phosphoric Acid (SPA) Catalyst, And Zeolite Catalyst.

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Read More On The Cumene Global Market Report 2021: COVID 19 Impact and Recovery to 2030 At:

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The Cumene Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides cumene market overviews, analyzes and forecasts market size, share, cumene market players, cumene market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.

The cumene market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Where To Learn More:

Read Cumene Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:

Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries

Market Players Covered: Royal Dutch Shell Plc., Exxon Mobil Corporation, BP Plc., Sumitomo Chemical Co Ltd, BASF SE, The Dow Chemical Company, China Petroleum and Chemical Corporation, Ineos Group Limited, CEPSA, Chang Chun Group, Domo investment group, Braskem, SABIC, JX Nippon Oil, KMG Chemicals, CNPC, China Petrochemical Development Corporation.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.

Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.

Strategies For Participants In The Cumene Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.

Opportunities For Companies In The Cumene Sector: The report reveals where the global industry will put on most $ sales up to 2023.

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