Cumene is commercially produced using Friedel–Crafts alkylation of benzene with propylene. Cumene manufacturers contribute around 22% of total benzene consumption. The initial way for producing cumene was by the liquid phase alkylation of benzene with sulfuric acid as a catalyst, however, due to the intricate neutralization and reuse procedures necessary, as well as corrosive environment issues, this approach has been substantially superseded. As a substitute, the catalyst was solid phosphoric acid supplemented by alumina.
Cumene Market size was valued at US$ 892.86 Mn. in 2021 and the total Cumene revenue is expected to grow at 3.7% from 2022 to 2027, reaching nearly US$ 1110.34 Mn.
Market Scope:
The “Global Cumene Market Analysis” is a specialized and extensive examination of the Cumene market, with a particular emphasis on global market trends and analysis. The purpose of this study is to give an overview of the Cumene market, as well as extensive market segmentation by connection type, end-use, and geography. The Cumene market is predicted to develop rapidly during the projected period. The research provides important information on the market position of the main Cumene major players, as well as significant market trends and opportunities.
The research method used to assess and anticipate the Cumene market begins with secondary research using sources that collect revenue data from key suppliers. When calculating market segmentation, vendor offerings are also considered. Using the bottom-up method, the whole size of the Cumene market was calculated using the revenue of significant enterprises.
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Cumene Market Overview:
The Cumene Market will be thoroughly examined by component, application, industry, and geography in this report. The article discusses the key elements affecting the market for Cumene. The analysis provides a thorough review of the market’s value chain as well.
Segmentation:
By Application, the Phenol segment is expected to grow at a CAGR of 3.4% in the aforementioned forecast period. Phenol is used extensively in a variety of sectors. Hardwood, window panes, DVDs, electronics, sports gear, fiberglass sailboats, automobile parts and peripherals, motherboards, and flat-panel displays are some of the most popular phenol applications.
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Key Players:
The major players covered in the Cumene market report are
• Braskem
• Cepsa
• Chang Chun Group
• CITGO
• Domo Chemicals
• Dow
• INEOS
• Koch Industries Inc.
• Kumho P&B Chemicals Inc.
• Prasol Chemicals Pvt. Ltd
• Royal Dutch Shell PLC
• SABIC
• Versalis SpA
• China Petrochemical Development Corporation
• Georgia Gulf Corporation
Regional Analysis:
Global, North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.
COVID-19 Impact Analysis on Cumene Market:
Aerospace and defence, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among other industries, have all been affected by the COVID-19 epidemic. COVID-19 has had an impact on the Cumene market in general, as well as the growth rate in 2019-2020, as the impact of COVID-19 spreads. Our most recent inquiry, opinions, and bits of knowledge on administration are critical to the businesses and associations in the Cumene industry, which is driving through the COVID-19 emergency to handle risk digitising jobs in order to convey trusted data and experiences to the CEOs.
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Key Questions Answered in the Cumene Market Report are:
- Which segment grabbed the largest share in the Cumene market?
- How was the competitive scenario of the Cumene market in 2020?
- Which are the key factors responsible for the Cumene market growth?
- Which region held the maximum share in the Cumene market in 2020?
About Maximize Market Research
Maximize Market Research provides B2B and B2C market research on 20,000 high-growth emerging technologies opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics Communications, the Internet of Things, Food and Beverages, Aerospace and Defense, and other manufacturing sectors.
Maximize Market Research provides B2B and B2C market research on 20,000 high-growth emerging technologies opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics Communications, the Internet of Things, Food and Beverages, Aerospace and Defense, and other manufacturing sectors.
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