{"id":131993,"date":"2023-03-28T10:19:53","date_gmt":"2023-03-28T10:19:53","guid":{"rendered":"https:\/\/siit.co\/guestposts\/?p=131993"},"modified":"2023-03-28T10:19:53","modified_gmt":"2023-03-28T10:19:53","slug":"cumene-market-price-share-trends-report-forecast-2023-2028","status":"publish","type":"post","link":"https:\/\/siit.co\/guestposts\/cumene-market-price-share-trends-report-forecast-2023-2028\/","title":{"rendered":"Cumene Market Price, Share, Trends, Report, Forecast 2023-2028"},"content":{"rendered":"

The \u2018Global Cumene Market Size<\/a>, Report and Forecast 2023-2028\u2019 by Expert Market Research gives an extensive outlook of the global cumene market, assessing the market on the basis of its segments like manufacturing processes, applications, end use industries, and major regions.<\/p>\n

Cumene Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast<\/h2>\n

The key highlights of the report include:<\/p>\n

Market Overview (2018-2028)<\/strong><\/p>\n

\u2022 Forecast CAGR (2023-2028): 4.50%<\/strong><\/p>\n\n\n\n\n\n\n\n\n
Report Attribute<\/strong><\/td>\nDetails<\/strong><\/td>\n<\/tr>\n
Historical Period<\/strong><\/td>\n2018-2028<\/td>\n<\/tr>\n
Forecast Period<\/strong><\/td>\n2023-2028<\/td>\n<\/tr>\n
Base Year<\/strong><\/td>\n2022<\/td>\n<\/tr>\n
Growth Rate CAGR<\/strong><\/td>\n4.50%<\/td>\n<\/tr>\n
Major Players<\/strong><\/td>\nBraskem S.A., Lummus Technology, Domo Chemicals GmbH, Exxon Mobil Corporation,
\nBorealis AG, Sumitomo Corporation, and ENEOS Holdings, Inc., among others.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The demand for cumene is being driven by the growing production of acetone and phenol, owing to their heightened usage across various end use industries. The growing expansion of pharmaceutical, rubber, and chemical industry is fuelling the demand for phenol which is in turn bolstering the cumene market growth. Meanwhile, acetone is witnessing an escalated demand in the personal care industry which is in turn bolstering the demand for cumene. Acetone is likely to witness a great demand in the form of nail polish removers, paint removers, lacquers for furniture maintenance, and as a remover of grease or gum from wood.<\/p>\n

Get a Free Sample Report with Table of Contents \u2013\u00a0<\/strong>https:\/\/www.expertmarketresearch.com\/reports\/cumene-market\/requestsample<\/a><\/p>\n

Downstream products of cumene including paints, thinners, and lacquers are witnessing a great demand from the automotive industry. In this regard, the growing expansion of the automotive infrastructure is fuelling the incorporation of cumene. Over the forecast period, the increasing demand for passenger and commercial cars is expected to bolster the cumene market growth.
\nCumene is also involved in the manufacturing process of plastics. Hence, the increasing application of plastics across the packaging industry is propelling the demand for cumene. Additionally, the anticipated increase in demand for premium packaged food products and consumer goods is expected to add to the market growth in the forecast period.<\/p>\n

Cumene Industry Definition and Major Segments<\/h3>\n

Cumene is a clear chemical compound with an aromatic odour. Prolonged exposure to cumene can cause great discomfort to humans and might cause unconsciousness. It is insoluble in water but soluble in alcohol and has a boiling point of 152.4\u00ba C. Cumene is versatile, and is extensively used across the industrial sector, leading to a decent growth of the global cumene market.<\/p>\n

Based on manufacturing process, the market can be segmented into:<\/strong><\/p>\n

\u2022 Aluminum Chloride Catalyst
\n\u2022 Solid Phosphoric Acid (SPA) Catalyst
\n\u2022 Zeolite Catalyst<\/p>\n

On the basis of application, the market can be categorised into:<\/strong><\/p>\n