Cumene Global Market Report 2022 Featuring Major Players - Royal Dutch Shell, Exxon Mobil, BP, Sumitomo Chemical, BASF, Dow Chemical, China Petroleum and Chemical Corporation, Ineos, and CEPSA - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Cumene Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.

The global cumene market is expected to grow from $23.29 billion in 2021 to $24.6 billion in 2022 at a compound annual growth rate (CAGR) of 5.6%. The market is expected to grow to $30.28 billion in 2026 at a CAGR of 5.3%.

Major players in the cumene market are 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, and CEPSA.

The cumene market consists of sales of cumene and related services. Cumene is a colorless, flammable liquid and has a penetrating gasoline-like odor.

The main manufacturing processes of cumene are aluminum chloride catalyst, solid phosphoric acid (spa) catalyst, and zeolite catalyst. Cumene is a colorless, flammable liquid and has a penetrating gasoline-like odor. The main applications of cumene include phenol, acetone, chromatography, and other applications. The various end-user industries of cumene are the paints industry, automotive industry, chemical industry, plastics industry, and other end-user industries.

Asia Pacific was the largest region in the cumene market in 2021. Middle East was the second-largest region in the cumene market. The regions covered in the cumene report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Rising demand for phenols and acetones in various industries contributes to the growth of the cumene market. Acetone is used as a solvent in the pharmaceutical and cosmetic industries. Phenols are used for the production of epoxy resins used in paints and coatings. As a result, strong demand for phenols and acetones has resulted in its over-supply.

The demand for acetone and phenol is increasing at a significant rate relative to supply, which offers new manufacturers great potential for establishing their facilities. The cumene market is expected to see a high growth rate during the forecast period due to an increase in global demand for acetone. Rising demand for phenols and acetones drove the cumene market.

Rising demand for phenols and acetones in various industries contributes to the growth of the cumene market. Cumene is used as a feedstock in the production of phenol and acetone. Acetone is used as a solvent in the pharmaceutical and cosmetic industries whereas phenols are used for the production of paints and coatings. Thus, strong demand for phenols and acetones has resulted in rising in the demand for cumene. Thus, the rising demand for phenols and acetones positively drives the growth of the cumene market.

Key Topics Covered:

1. Executive Summary

2. Cumene Market Characteristics

3. Cumene Market Trends And Strategies

4. Impact Of COVID-19 On Cumene

5. Cumene Market Size And Growth

5.1. Global Cumene Historic Market, 2016-2021, $ Billion

5.1.1. Drivers Of The Market

5.1.2. Restraints On The Market

5.2. Global Cumene Forecast Market, 2021-2026F, 2031F, $ Billion

5.2.1. Drivers Of The Market

5.2.2. Restraints On the Market

6. Cumene Market Segmentation

6.1. Global Cumene Market, Segmentation By End User Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

• Paints Industry
• Automotive Industry
• Chemical Industry
• Plastics Industry
• Other End-User Industry

6.2. Global Cumene Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

• Phenol
• Acetone
• Chromatography
• Other Applications

6.3. Global Cumene Market, Segmentation By Manufacturing Process, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

• Aluminum Chloride Catalyst
• Solid Phosphoric Acid (SPA) Catalyst
• Zeolite Catalyst

7. Cumene Market Regional And Country Analysis

7.1. Global Cumene Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

7.2. Global Cumene Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Companies Mentioned

• 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
• Koch Industries
• Mitsui & Co. Ltd.
• Eni Spa
• Sunoco
• Aramco Services Company
• Flint Hills Resources LP
• Guangzhou VA-SO Plastics Co., Ltd.
• Axiall Corporation
• Sigma-Aldrich
• Total S.A.
• Borealis AG
• JXTG Nippon Oil and Energy Corporation
• Shell Corp. LLC

For more information about this report visit https://www.researchandmarkets.com/r/po8bri

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