The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Rising demand for phenols and acetones in various industries are expected to drive innovation in cumene manufacturing, thus driving the market during the forecast period.

The global cumene market is expected to grow from $26.24 billion in 2022 to $27.22 billion in 2023 at a compound annual growth rate (CAGR) of 3.7%. The global cumene market size is expected to grow from $31.35 billion in 2027 at a CAGR of 3.6%.

Get A Free Sample On The Global Cumene Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2729&type=smp

Global Cumene Market Segments Include:

• By Manufacturing Process: Aluminum Chloride Catalyst, Solid Phosphoric Acid (SPA) Catalyst, and Zeolite Catalyst
• By Application: Phenol, Acetone, Chromatography, Other Applications
• By End User Industry: Paints Industry, Automotive Industry, Chemical Industry, Plastics Industry, Other End-User Industries
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global cumene market in 2021.

Major Market Players in the cumene market include Royal Dutch Shell PLC., Exxon Mobil Corporation, BP PLC., Sumitomo Chemical Co. Ltd., BASF SE, The Dow Chemical Company.

Companies in the cumene market are investing to meet the future demand. For instance, in Germany, INEOS Phenol, the world’s largest producer of acetone and phenol, has already made a new cumene investment at the Evonik Chemiepark in Marl. The fully integrated unit will use existing pipeline connections between the production of INEOS phenol and acetone in Gladbeck, the Marl site of Evonik Chemiepark, and the Gelsenkirchen refinery and cracker complex of BP. The new 750,000-tonne cumene unit was expected to be completed in 2021, will meet future demand and improve supply protection for INEOS plants in Gladbeck and Antwerp. In addition, in August 2021, Lummus Technology, a global licensor of proprietary petrochemical, refining, gasification and gas processing technologies achieved successful plant acceptance from Formosa Chemicals and Fibre Corp., a Taiwan-based chemicals company for the firm’s cumene and phenol plant expansion in Ningbo, China. The plant now boasts a 600 kMTA cumene and 400 kMTA phenol capacity.

The Cumene Global Market Report 2023  provides a cumene market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The cumene market forecast analyzes cumene market size, cumene market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Cumene is a colorless, flammable liquid and has a penetrating, gasoline-like odor. Cumene is a combination of crude oil and refined fuels. It comprises a benzene ring with an isopropyl substitution.

Explore Similar Reports From The Business Research Company:

Petrochemicals Global Market Report 2022

Refined Petroleum Products Global Market Report 2022

Petroleum Coke Global Market Report 2022

Learn More About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact Us:

The Business Research Company: https://bit.ly/3hLMvWy

Europe: +44 207 1930 708

Asia: +91 8897263534

Americas: +1 315 623 0293

Email: info@tbrc.info

Check out our:

LinkedIn: https://bit.ly/3vfyGTz

YouTube: https://bit.ly/3YHAJx7

Global Market Model: https://bit.ly/3YLrMmE