Global Cumene
Market Report
2025
Cumene market size is USD 20154.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 4.70% from 2024 to 2031.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global cumene market size is USD 20154.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 4.70% from 2024 to 2031.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Cumene Market Sales Revenue | 121212 | $ 20154.2 Million | 121212 | 121212 | 121212 | 4.7% |
North America Cumene Market Sales Revenue | 121212 | $ 8061.68 Million | 121212 | 121212 | 121212 | 2.9% |
Europe Cumene Market Sales Revenue | 121212 | $ 6046.26 Million | 121212 | 121212 | 121212 | 3.2% |
Asia Pacific Cumene Market Sales Revenue | 121212 | $ 4635.47 Million | 121212 | 121212 | 121212 | 6.7% |
South America Cumene Market Sales Revenue | 121212 | $ 1007.71 Million | 121212 | 121212 | 121212 | 4.1% |
Middle East and Africa Cumene Market Sales Revenue | 121212 | $ 403.08 Million | 121212 | 121212 | 121212 | 4.4% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Production |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Cumene Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The cumene market encompasses a segment of the essential organic molecule found globally; cumene serves as the basis for many chemical reactions. The worldwide cumene market represents the trade dynamics around this essential substance. It includes cumene production, consumption, and commerce between different nations. Comprehending this market requires a thorough examination of all of its aspects. The manufacturing concentration in some regions is a defining feature of the worldwide cumene market. Asia Pacific, Europe, and North America are among the top producers. Large chemical businesses with large Cumene production facilities are based in these regions. There is a wide range of applications that the market serves. The main raw material used to produce phenol and acetone, which are needed to make plastics, resins, and other industrial materials, is cumene.
The global Cumene Market is governed by numerous factors that regulate supply and demand. Crude oil is a vital raw resource for the manufacturing of cumene, and its availability affects both pricing and production levels. Furthermore, changes in the market for derivative goods such as acetone and phenol might have an impact on the cumene market as a whole. In the future, the market is anticipated to rise steadily due to the rising demand in a variety of industries for plastics, resins, and other goods generated from cumene. The investigation of bio-based Cumene substitutes may result from the increased emphasis on environmental practices, which could eventually change the dynamics of the market.
In September 2021, Using an engineering design and a Lummus technology license, Formosa announced the expansion of its cumene and phenol factory in Ningbo, China. An existing 450 kMTA cumene and 300 kMTA phenol plant was expanded to 600 kMTA cumene and 400 kMTA phenol capacity. (Source:https://www.lummustechnology.com/news/releases/press-2021-9338d8e66269fd928a04051ef5d9b69a/lummus-announces-acceptance-of-cumene-and-phenol-p)
A vital component of several compounds, including phenol, acetone, and their derivatives, is cumene. After that, these compounds are utilized to make a wide range of consumer products, including paints, plastics, resins, and synthetic fibers. The demand for these end-user goods typically rises with economic growth. More money is placed in people's pockets when their discretionary income rises. This means that more products—including those made with components produced from cumene—will be consumed. For example, persons with more disposable income could use plastics and resins to buy new cars or use paints and coatings to remodel their homes.
Cumene sales are further boosted by the rising demand for acetone and phenol derivatives such as phenolic resins and bisphenol-A. Phenolic resins are necessary for the creation of laminates and composites, and bisphenol-A is a crucial component of polycarbonate plastics. The growth of the building and construction industries worldwide raises consumer demand for goods like phenol (construction materials) and acetone (solvent), which in turn increases cumene consumption. A vital component in the production of phenol and acetone is cumene. These are common chemicals that are utilized in many different industries, including electronics, construction, pharmaceuticals, and the automotive sector.
The competition from alternative materials is one of the main things holding back the cumene business. Styrene, an alternative to some phenol uses, can be made from ethylbenzene. Because of environmental concerns, bio-based phenol, which is made from renewable resources like biomass, is gaining popularity. Additionally, phenol recycling is becoming more popular, which may lessen the need for virgin phenol made from cumene. The price fluctuation of crude oil can have a substantial effect on cumene production costs. Because cumene is derived from petroleum, changes in the price of crude oil may increase the economic appeal of bio-based or recycled substitutes. Investment in the capacity to produce cumene may be discouraged by this uncertainty. The performance of recycled and bio-based materials is always being improved via research and development. The adoption of these substitutes is anticipated to increase as they approach technological parity with cumene-derived products, hence diminishing cumene's market share.
The cumene market experienced both challenges and opportunities due to the impact of COVID-19. 2020 saw the first epidemic, which set off a chain reaction. The transfer of cumene and its derivatives, such as phenol and acetone, was hampered by supply chain disruptions caused by lockdowns and travel restrictions. This resulted in a steep reduction in demand for these products across a number of industries, along with a downturn in economic activity. Cumene is used in many different industries, including polymers, paints, cosmetics, and aviation fuel. Lockdowns and travel restrictions caused a halt in several businesses. For example, fewer social events and travel meant that there was a decline in the demand for cosmetics and personal hygiene goods. In a similar vein, the aviation sector's diminished activity decreased the demand for high-octane fuels, a crucial cumene application.
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To extend their market reach, major firms are pursuing portfolio growth, research and development, and strategic alliances. Prominent corporations employ several growth strategies to broaden their market reach, including partnerships, collaborations, agreements, geographical expansions, mergers and acquisitions, and the introduction of new products. Smaller companies differentiate themselves by creating unique cumene products. Competitors are trying to differentiate their products in order to provide distinctive value propositions in an effort to get a foothold in the market. While defending their positions in slower-growing segments, market suppliers are also taking advantage of the current growth prospects in categories that are expanding quickly. Start-ups are making a significant impact with some of their projects, and it is anticipated that they will eventually establish a stable market position.
In October 2019, The German Ineos cumene manufacturing facility is scheduled to be finished in 2021. The plant will be able to produce 75 kilotons of goods annually. This will help maximize efficiency and meet the rising consumer demand in the future.
Top Companies Market Share in Cumene Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America emerges as the dominant region in the cumene market due to several key factors. Firstly, Propylene produced from cumene is largely used in the production of bumpers, fenders, and other interior elements for automobiles. The state of the automotive industry in North America directly impacts cumene demand. A robust automotive industry leads to increased use of propylene, which in turn strengthens the cumene market.
Asia-Pacific stands out as the fastest-growing region in the cumene market due to several compelling reasons. Firstly, The burgeoning automotive industry in the Asia Pacific, particularly in China and India, is another significant growth driver. Cumene-derived AMS is a vital raw material for the production of polypropylenes (PP), which are extensively used in automotive components like bumpers, dashboards, and interior parts. The rising vehicle production in the region to cater to the growing demand for automobiles is expected to propel the AMS market and, consequently, the cumene market.
The current report Scope analyzes Cumene Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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As per the current market study, out of xxxx Million USD global market revenue 2025, North America market holds xx% of the market share. The North America Cumene industry grew from xxxx Million USD in 2021 to xxxx Million USD in 2025 and will record xx% growth. In coming future this industry will reach xxxx Million by 2033 with a xx% CAGR. If we look at the percentage market shares of top North America countries for 2025,
According to Cognitive Market Research, the global cumene market size was estimated at USD 20154.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 8061.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.9% from 2024 to 2031.
As per the current market study, out of xxxx Million USD global market revenue 2025, Europe market holds xx% of the market share. The Europe Cumene industry grew from xxxx Million USD in 2021 to xxxx Million USD in 2025 and will record xx% growth. In coming future this industry will reach xxxx Million by 2033 with a xx% CAGR. If we look at the percentage market shares of top Europe countries for 2025,
According to Cognitive Market Research, the global cumene market size was estimated at USD 20154.2 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 6046.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
As per the current market study, out of xxxx Million USD global market revenue 2025, Asia Pacific market holds xx% of the market share. The Asia Pacific Cumene industry grew from xxxx Million USD in 2021 to xxxx Million USD in 2025 and will record xx% growth. In coming future this industry will reach xxxx Million by 2033 with a xx% CAGR. If we look at the percentage market shares of top Asia Pacific countries for 2025,
According to Cognitive Market Research, the global cumene market size was estimated at USD 20154.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 4635.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.
As per the current market study, out of xxxx Million USD global market revenue 2025, South America market holds xx% of the market share. The South America Cumene industry grew from xxxx Million USD in 2021 to xxxx Million USD in 2025 and will record xx% growth. In coming future this industry will reach xxxx Million by 2033 with a xx% CAGR. If we look at the percentage market shares of top South America countries for 2025,
According to Cognitive Market Research, the global cumene market size was estimated at USD 20154.2 Million, out of which Latin America market of more than 5% of the global revenue with a market size of USD 1007.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.1% from 2024 to 2031.
As per the current market study, out of xxxx Million USD global market revenue 2025, Middle East and Africa market holds xx% of the market share. The Middle East and Africa Cumene industry grew from xxxx Million USD in 2021 to xxxx Million USD in 2025 and will record xx% growth. In coming future this industry will reach xxxx Million by 2033 with a xx% CAGR. If we look at the percentage market shares of top Middle East and Africa countries for 2025,
According to Cognitive Market Research, the global cumene market size was estimated at USD 20154.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 403.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Global Cumene Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Cumene Industry growth. Cumene market has been segmented with the help of its Production, Application , and others. Cumene market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Cumene Market Production Segment Analysis
According to Cognitive Market Research, Zeolite Cumene stands out as the dominating category. Zeolites are catalysts that increase the selectivity and efficiency of reactions, increasing cumene output and decreasing byproduct generation. Zeolite cumene technologies also produce less wastewater and use less energy, making them more environmentally friendly. Because of this, zeolite cumene is a desirable alternative for cumene manufacturers looking to minimize production costs and comply with more stringent environmental requirements.
Aluminum Chloride Cumene emerges as the fastest-growing category in the cumene market. Aluminum chloride has limits as a catalyst for cumene synthesis despite its historical significance. The catalyst's non-renewability, excessive corrosion, and environmental risks are among its drawbacks. Zeolite catalysts have emerged as the go-to option for commercial cumene production as a result of these drawbacks.
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According to Cognitive Market Research, the dominating category is Cumene for Phenol. The utilization of phenol in the manufacturing of vital chemicals such as phenolic resins and bisphenol A drives the expansion of the market. These substances are used in many commonplace items, such as cookware, bottles, and plastic containers. Cumene is oxidized in a liquid phase with molecular oxygen to produce cumene hydroperoxide. Using a catalyst, this is further broken down into phenol and acetone.
The fastest-growing category in the cumene market is Cumene for Acetone. Before raw cumene is suitable for further conversion, it must be refined. In a liquid-phase oxidation process, purified cumene combines with molecular oxygen to form cumene hydroperoxide. Using a catalyst, usually sulfuric acid, cumene hydroperoxide is broken down into the following products: acetone and phenol.
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Senior Research Analyst at Cognitive Market Research
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Manoj Phagare is a dynamic and results-driven research analyst with a passion for transforming raw data into actionable insights. Armed with a solid foundation in market research and data analysis and working in various domains including chemical & materials and paints & coatings. He thrive on the challenge of uncovering patterns, trends, and opportunities that drive strategic decision-making.His analytical mindset, coupled with effective communication skills, allows him to bridge the gap between data analysis and practical business applications.
In his current role, Manoj is a key player in market research and competitive analysis. He have a proven track record of synthesizing disparate data sources, employing statistical models, and delivering comprehensive insights. He have played a pivotal role in shaping evidence-based strategies that fueled the success of key business initiatives and Collaborating with cross-functional teams.Manoj remains an invaluable asset in the dynamic landscape of market research.
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Production | Zeolite Cumene, Solid Phosphoric Acid Cumene, Aluminum Chloride Cumene |
Application | Cumene for Phenol, Cumene for Acetone, Cumene for Other Applications |
List of Competitors | 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 |
This chapter will help you gain GLOBAL Market Analysis of Cumene. Further deep in this chapter, you will be able to review Global Cumene Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Cumene. Further deep in this chapter, you will be able to review North America Cumene Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Cumene. Further deep in this chapter, you will be able to review Europe Cumene Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Cumene. Further deep in this chapter, you will be able to review Asia Pacific Cumene Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Cumene. Further deep in this chapter, you will be able to review South America Cumene Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Cumene. Further deep in this chapter, you will be able to review Middle East and Africa Cumene Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Cumene. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Production Analysis 2019 -2031, will provide market size split by Production. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Production Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Cumene market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Zeolite Cumene have a significant impact on Cumene market? |
What are the key factors affecting the Zeolite Cumene and Solid Phosphoric Acid Cumene of Cumene Market? |
What is the CAGR/Growth Rate of Cumene for Phenol during the forecast period? |
By type, which segment accounted for largest share of the global Cumene Market? |
Which region is expected to dominate the global Cumene Market within the forecast period? |
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