Cumene Market
Cumene Market Analysis By Production Type (Zeolite, Solid Phosphoric Acid, Aluminum Chloride), By Application (Phenol, Acetone) & By Region – Global Market Insights 2023 to 2033
Analysis of Cumene Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Cumene Market Outlook (2023 to 2033)
The global cumene market stands at a value of US$ 26.5 billion in 2023. The market is predicted to advance at a CAGR of 5.5% and reach US$ 45.3 billion by the end of 2033.
Increasing product innovations, including the development of food-grade cumene for bottles and containers made from polycarbonate plastic, are estimated to generate profitable opportunities for industry players in the coming 10 years. The rising demand for bisphenol-A and phenolic resins is projected to contribute to market growth.
- The United Kingdom market is projected to expand at a CAGR of 4.5% and reach a value of US$ 2 billion by 2033-end.
- Sales of cumene in Japan are forecasted to advance at a CAGR of 4.8% and are set to reach US$ 2.5 billion by 2033.
Cumene is an organic compound that is based on aromatic hydrocarbons and is known as isopropyl benzene in its chemical form. It is a colorless and flammable liquid with higher boiling points, around 152 °C. It is a constituent of refined fuels and crude oil.
Rising demand for acetone and phenol along with their derivatives is predicted to result in increased sales of cumene. The rising application of phenolic resins and bisphenol-A is forecasted to boost market growth opportunities in the coming decade.
Phenol is used extensively in laminates, composites, and plastics. Cumene is utilized in the manufacturing of acetone and phenol that find applications in a wide range of industries, including construction, pharmaceuticals, electronics, and automotive. Growing demand for these products from end-use industries is predicted to drive up the sales of cumene.
Growing urbanization and economic development are leading to the rising demand for construction materials, sealants, adhesives, and coatings that largely depend on products derived from cumene. The chemical industry is a prominent consumer of cumene. Cumene is used in the production of a wide variety of chemicals, including polycarbonates, synthetic fibers, and resins. Expansion of the chemical industry, especially in emerging markets, is predicted to contribute to the expansion of the cumene landscape.
Fact.MR, a market research and competitive intelligence provider, offers the dynamics of the cumene market in its newly published market research. Growth opportunities, a regional overview, key product ranges, new developments, key limitations, etc. are some pivotal factors covered in the report to provide detailed insights.
| Report Attributes | Details |
|---|---|
| Cumene Market Size (2023) | US$ 26.5 Billion |
| Forecasted Market Value (2033) | US$ 45.3 Billion |
| Global Market Growth Rate (2023 to 2033) | 5.5% CAGR |
| United States Market Value (2033) | US$ 15 Billion |
| Phenol Segment Growth Rate (2023 to 2033) | 5.5% CAGR |
| Key Companies Profiled | Braskem; Chang Chum Group; Koch Industries Inc.; Prasol Chemicals Pvt. Ltd.; Domo Chemicals; INEOS; Dow; CITGO; Kumbo P&B Chemicals Inc.; Cepsa; SABIC; Royal Dutch Shell PLC; Versalis SpA |
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What are the Drivers Behind Increased Demand for Cumene?
“Rising Preference for High-Octane Production and Derivatives Driven by Need for Enhanced Fuel Efficiency”
Rising use of cumene for multiple applications is anticipated to boost its sales. High demand for bisphenol-A and phenolic resins as well as acetone and its derivatives are generating lucrative opportunities for players.
Increasing utilization of cumene in sealant chemicals and adhesives is propelling its sales. A rising preference for high-octane production is also estimated to contribute to market growth. Need for high-octane derivatives and rapid industrialization are predicted to boost demand for cumene in the coming decade.
What are the Challenges That Manufacturers of Cumene Need to Tackle?
“Health and Safety Concerns Associated with Cumene Exposure and Rising Prices”
Cumene, when acutely inhaled, can have depressive effects on the human central nervous system (CNS). Excessive exposure to cumene can lead to various symptoms including dizziness, unconsciousness, headaches, minor incoordination, and drowsiness.
Cumene vapors can sometimes cause redness and mild discomfort in the eyes. Repeated or prolonged skin contact is projected to cause slight irritation with flaking of the skin. Excessive inhalation of cumene vapors results in irritation of the nose, upper respiratory tract, and throat.
If swallowed or ingested in small amounts, cumene can lead to a low order of toxicity, meaning it has mild or minimal health effects. Cumene can cause gastrointestinal irritations if it is swallowed in large amounts. These adverse health implications of cumene exposure are projected to limit its demand.
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What Strategies are New Companies Implementing to Thrive in the Cumene Market?
“Product Innovation Key to Profit Generation”
Product innovations, including the production of food-grade cumene, are estimated to help new entrants gain a competitive edge in the coming decade. In addition, the rising development of advanced chemical manufacturing is projected to expand the cumene space. New entrants are investing to explore bio-based routes for cumene production while using certain renewable feedstocks instead of conventional sources of fossil fuel.
Country-wise Insights
Why is the United States a Lucrative Market for Cumene Suppliers?
“Rising Demand for Lightweight Automobiles Contributing to High Use of Cumene”
Sales of cumene in the United States are forecasted to advance at a CAGR of 5.1% and are set to reach a valuation of US$ 15 billion by 2033-end.
Increasing technological advancements taking place in the United States are bolstering demand for cumene. Rising demand for lightweight automobiles along with the well-established automotive industry is contributing to the expansion of the cumene landscape.
How are Sales of Cumene Faring in the United Kingdom?
“Increasing Consumption of Cumene Driven by Rapid Urbanization and Expansion of End-use Industries”
Sales of cumene in the United Kingdom are predicted to rise at a CAGR of 4.5% and reach US$ 2 billion by 2033.
Easy availability of raw materials, including crude oil and natural gas, is predicted to augment market growth opportunities in the United Kingdom. Consumption of cumene is expected to increase significantly because of rapid urbanization, which is contributing to the expansion of end-use industries and thus opening new horizons for players.
Which Asia Pacific Countries Account for a Leading Share of the Regional Market?
“Rapid Expansion of Automotive Industries in South Korea, India, Japan, and China Driving Demand for Cumene”
The automotive industry in South Korea, India, Japan, and China is expanding at a significant rate and leading to increased demand for cumene. These countries are not only producing but also consuming cumene significantly. Introduction of innovative products in the cosmetics industry is expected to further support the demand for cumene.
Sales of cumene in Japan are projected to increase at a CAGR of 4.8% and reach US$ 2.5 billion by 2033.
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Category-wise Insights
Why are Zeolites Widely Preferred Across the Globe?
“Extensive Utilization of Zeolites as Sustainable Catalyst Alternative Due to Their Higher Yield and Improved Production Efficiency”
Demand for zeolite-based cumene is anticipated to increase significantly over the forecast period. Use of solid phosphoric acid and aluminum chloride as catalysts in the production process has several disadvantages. These catalysts are non-renewable, environmentally hazardous, and can cause high corrosion. As a result, there has been an increase in the demand for zeolite as a sustainable alternative catalyst for production.
Zeolites help reduce the formation of polyalkylbenzenes and olefin oligomers. This allows for a higher yield of approximately 98%. Furthermore, zeolites enable the production of compounds at relatively lower temperatures and pressures.
Which End-use Application of Cumene Accounts for Higher Sales?
“Widespread Utilization of Phenol as Key Ingredient in Solvents, Adhesives, Coatings, and Insulation Materials”
The phenol segment is forecasted to expand at a CAGR of 5.5% from 2023 to 2033. Growing use of phenol in different industries, including automotive, cosmetics, paints & coatings, electrical & electronics, and others is boosting demand for cumene. It is utilized as a solvent for lacquers, enamels, and paints that find use in furniture and automotive.
Isopropyl benzene, which is derived from phenol resins, is used significantly in the construction of homes in the form of adhesives for various structured wood panels. It is also used in the manufacturing of mineral wool insulations.
Key Market Players
Maintaining product standards, strengthening supply chain management systems, quality control, and other initiatives are taken by cumene manufacturers to expand their footprints while ensuring value addition for their current portfolio.
Industry players are concentrating on expanding their consumer base across regions. These businesses are using new strategic collaborations to expand their reach and profits.
Smaller and mid-size businesses are expanding their reach by entering new markets. Product innovations and technical advancements are some other initiatives adopted by these market players.
For instance:
- In May 2021, TPPG made a significant investment of US$ 13 million in its paints and coatings plant located in Jiading, China. The investment includes the expansion of a power coatings technology center and the installation of eight new production lines for powder coatings to enhance the research and development capabilities of PPG. This expansion is projected to increase the plant's capacity by an additional 8,000 tons per year.
Key players in the cumene market are Braskem, Chang Chun Group, INEOS, Dow, CITGO, Kumbo P&B Chemicals Inc., Cepsa, Koch Industries Inc., Domo Chemicals, Prasol Chemicals Pvt. Ltd., SABIC, Royal Dutch Shell PLC., and Versalis SpA.
Segmentation of Cumene Industry Research
-
By Production Type :
- Zeolite
- Solid Phosphoric Acid
- Aluminum Chloride
-
By Application :
- Phenol
- Acetone
-
By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2018 to 2022 and Forecast, 2023 to 2033
- 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Production Type
- 9.1. Zeolite
- 9.2. Solid Phosphoric Acid
- 9.3. Aluminum Chloride
- 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Application
- 10.1. Phenol
- 10.2. Acetone
- 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. Middle East and Africa (MEA)
- 12. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 13. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 14. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 15. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 16. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 17. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 18. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 19. Key and Emerging Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2033
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. Braskem
- 21.2. Chang Chum Group
- 21.3. Koch Industries Inc.
- 21.4. Prasol Chemicals Pvt. Ltd.
- 21.5. Domo Chemicals
- 21.6. INEOS
- 21.7. Dow
- 21.8. CITGO
- 21.9. Kumbo P&B Chemicals Inc.
- 21.10. Cepsa
- 21.11. SABIC
- 21.12. Royal Dutch Shell PLC
- 21.13. Versalis SpA
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2018 to 2033, By Production Type
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Production Type
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Production Type
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 08: Latin America Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Production Type
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 11: Europe Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Production Type
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 14: South Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Production Type
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 17: East Asia Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Production Type
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 20: Oceania Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Production Type
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Production Type
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2033, By Application
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2018 to 2022
Figure 02: Global Market Volume Forecast (in 000' Units), 2023 to 2033
Figure 03: Pricing Analysis (US$) Per Production Type, By Region, 2022
Figure 04: Pricing Analysis (US$) Per Production Type, By Region, 2022
Figure 05: Global Market Value Analysis (US$ Mn), 2018 to 2022
Figure 06: Global Market Value Forecast (US$ Mn), 2023 to 2033
Figure 07: Global Market Absolute $ Opportunity, 2023 to 2033
Figure 08: Global Market Share Analysis (%), By Production Type, 2023 to 2033
Figure 09: Global Market Y-o-Y Analysis (%), By Production Type, 2023 to 2033
Figure 10: Global Market Attractiveness Analysis by Production Type, 2023 to 2033
Figure 11: Global Market Share Analysis (%), By Application, 2023 to 2033
Figure 12: Global Market Y-o-Y Analysis (%), By Application, 2023 to 2033
Figure 13: Global Market Attractiveness Analysis by Application, 2023 to 2033
Figure 14: Global Market Share Analysis (%), By Region, 2023 to 2033
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2023 to 2033
Figure 16: Global Market Attractiveness Analysis by Region, 2023 to 2033
Figure 17: North America Market Value Share, By Production Type, 2023 (E)
Figure 18: North America Market Value Share, By Application, 2023 (E)
Figure 19: North America Market Value Share, By Country, 2023 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 21: North America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 22: North America Market Attractiveness Analysis by Production Type, 2023 to 2033
Figure 23: North America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 24: North America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 25: Latin America Market Value Share, By Production Type, 2023 (E)
Figure 26: Latin America Market Value Share, By Application, 2023 (E)
Figure 27: Latin America Market Value Share, By Country, 2023 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2018 to 2022
Figure 29: Latin America Market Value Forecast (US$ Mn), 2023 to 2033
Figure 30: Latin America Market Attractiveness Analysis by Production Type, 2023 to 2033
Figure 31: Latin America Market Attractiveness Analysis by Application, 2023 to 2033
Figure 32: Latin America Market Attractiveness Analysis by Country, 2023 to 2033
Figure 33: Europe Market Value Share, By Production Type, 2023 (E)
Figure 34: Europe Market Value Share, By Application, 2023 (E)
Figure 35: Europe Market Value Share, By Country, 2023 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2018 to 2022
Figure 37: Europe Market Value Forecast (US$ Mn), 2023 to 2033
Figure 38: Europe Market Attractiveness Analysis by Production Type, 2023 to 2033
Figure 39: Europe Market Attractiveness Analysis by Application, 2023 to 2033
Figure 40: Europe Market Attractiveness Analysis by Country, 2023 to 2033
Figure 41: South Asia Market Value Share, By Production Type, 2023 (E)
Figure 42: South Asia Market Value Share, By Application, 2023 (E)
Figure 43: South Asia Market Value Share, By Country, 2023 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 45: South Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 46: South Asia Market Attractiveness Analysis by Production Type, 2023 to 2033
Figure 47: South Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 48: South Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 49: East Asia Market Value Share, By Production Type, 2023 (E)
Figure 50: East Asia Market Value Share, By Application, 2023 (E)
Figure 51: East Asia Market Value Share, By Country, 2023 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2018 to 2022
Figure 53: East Asia Market Value Forecast (US$ Mn), 2023 to 2033
Figure 54: East Asia Market Attractiveness Analysis by Production Type, 2023 to 2033
Figure 55: East Asia Market Attractiveness Analysis by Application, 2023 to 2033
Figure 56: East Asia Market Attractiveness Analysis by Country, 2023 to 2033
Figure 57: Oceania Market Value Share, By Production Type, 2023 (E)
Figure 58: Oceania Market Value Share, By Application, 2023 (E)
Figure 59: Oceania Market Value Share, By Country, 2023 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2018 to 2022
Figure 61: Oceania Market Value Forecast (US$ Mn), 2023 to 2033
Figure 62: Oceania Market Attractiveness Analysis by Production Type, 2023 to 2033
Figure 63: Oceania Market Attractiveness Analysis by Application, 2023 to 2033
Figure 64: Oceania Market Attractiveness Analysis by Country, 2023 to 2033
Figure 65: Middle East and Africa Market Value Share, By Production Type, 2023 (E)
Figure 66: Middle East and Africa Market Value Share, By Application, 2023 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2023 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2018 to 2022
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2023 to 2033
Figure 70: Middle East and Africa Market Attractiveness Analysis by Production Type, 2023 to 2033
Figure 71: Middle East and Africa Market Attractiveness Analysis by Application, 2023 to 2033
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2023 to 2033
Figure 73: UNITED STATES Market Value Analysis (US$ Mn), 2023 & 2033
Figure 74: UNITED STATES Market Value Share, By Production Type, 2023 (E)
Figure 75: UNITED STATES Market Value Share, By Application, 2023 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2023 & 2033
Figure 77: Canada Market Value Share, By Production Type, 2023 (E)
Figure 78: Canada Market Value Share, By Application, 2023 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2023 & 2033
Figure 80: Mexico Market Value Share, By Production Type, 2023 (E)
Figure 81: Mexico Market Value Share, By Application, 2023 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2023 & 2033
Figure 83: Brazil Market Value Share, By Production Type, 2023 (E)
Figure 84: Brazil Market Value Share, By Application, 2023 (E)
Figure 85: UNITED KINGDOM Market Value Analysis (US$ Mn), 2023 & 2033
Figure 86: UNITED KINGDOM Market Value Share, By Production Type, 2023 (E)
Figure 87: UNITED KINGDOM Market Value Share, By Application, 2023 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2023 & 2033
Figure 89: Germany Market Value Share, By Production Type, 2023 (E)
Figure 90: Germany Market Value Share, By Application, 2023 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2023 & 2033
Figure 92: France Market Value Share, By Production Type, 2023 (E)
Figure 93: France Market Value Share, By Application, 2023 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2023 & 2033
Figure 95: Italy Market Value Share, By Production Type, 2023 (E)
Figure 96: Italy Market Value Share, By Application, 2023 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2023 & 2033
Figure 98: Spain Market Value Share, By Production Type, 2023 (E)
Figure 99: Spain Market Value Share, By Application, 2023 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 101: Russia Market Value Share, By Production Type, 2023 (E)
Figure 102: Russia Market Value Share, By Application, 2023 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2023 & 2033
Figure 104: China Market Value Share, By Production Type, 2023 (E)
Figure 105: China Market Value Share, By Application, 2023 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2023 & 2033
Figure 107: Japan Market Value Share, By Production Type, 2023 (E)
Figure 108: Japan Market Value Share, By Application, 2023 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2023 & 2033
Figure 110: South Korea Market Value Share, By Production Type, 2023 (E)
Figure 111: South Korea Market Value Share, By Application, 2023 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2023 & 2033
Figure 113: India Market Value Share, By Production Type, 2023 (E)
Figure 114: India Market Value Share, By Application, 2023 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2023 & 2033
Figure 116: ASEAN Market Value Share, By Production Type, 2023 (E)
Figure 117: ASEAN Market Value Share, By Application, 2023 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2023 & 2033
Figure 119: Australia Market Value Share, By Production Type, 2023 (E)
Figure 120: Australia Market Value Share, By Application, 2023 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2023 & 2033
Figure 122: New Zealand Market Value Share, By Production Type, 2023 (E)
Figure 123: New Zealand Market Value Share, By Application, 2023 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2023 & 2033
Figure 125: GCC Countries Market Value Share, By Production Type, 2023 (E)
Figure 126: GCC Countries Market Value Share, By Application, 2023 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2023 & 2033
Figure 128: Turkey Market Value Share, By Production Type, 2023 (E)
Figure 129: Turkey Market Value Share, By Application, 2023 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2023 & 2033
Figure 131: South Africa Market Value Share, By Production Type, 2023 (E)
Figure 132: South Africa Market Value Share, By Application, 2023 (E)
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- FAQs -
What is the size of the cumene market in 2023?
The global cumene market stands at US$ 26.50 billion in 2023.
At what rate is the demand for cumene predicted to rise?
Worldwide demand for cumene is projected to expand at a CAGR of 5.5% from 2023 to 2033.
What is the projected valuation of the United States market for 2033?
The United States market is anticipated to reach US$ 15 billion by the end of 2033.
At what rate are the sales of cumene projected to advance in the United Kingdom?
Sales of cumene in the United Kingdom are forecasted to increase at a CAGR of 4.5% through 2033.
What is the forecasted growth rate of cumene for phenol through 2033?
Sales of cumene for phenol are predicted to rise at a CAGR of 5.5% from 2023 to 2033.
What is the predicted valuation of the market in Japan for 2033-end?
The market in Japan is anticipated to reach US$ 2.5 billion by 2033.
What is the projected valuation of the global market for 2033?
The global market for cumene is projected to reach US$ 45.30 billion by 2033-end.
Cumene Market