Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Cumene Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Expected Market Growth Rates for the Cumene Market?
The cumene market has experienced consistent growth in the past few years. The market's size, which will increase from $26.72 billion in 2024 to $28 billion in 2025, is advancing at a Compound Annual Growth Rate (CAGR) of 4.8%.
What Are the Expected Market Growth Trends for the Cumene Market Through 2029?
The cumene market is predicted to reach a value of $36.88 billion by 2029, with a compound annual growth rate (CAGR) of 7.1%.
Download the Free Sample Now:
What Are the Key Business Drivers in the Cumene Market Landscape?
The key Drivers in the cumene market are:
• Expansion of the automotive industry
• Wide range of organization's involvement in motor vehicle-related activities
• Cumene's primary use as a raw material in phenol and acetone production
• Increased global motor vehicle production rates
How Is the Cumene Market Divided Across Key Categories?
The cumenemarket covered in this report is segmented –
1) By Manufacturing Process: Aluminum Chloride Catalyst, Solid Phosphoric Acid (SPA) Catalyst, And Zeolite Catalyst
2) By Application: Phenol, Acetone, Chromatography, Other Applications
3) By End Userr Industry: Paints Industry, Automotive Industry, Chemical Industry, Plastics Industry, Other End-User Industries
Explore the Complete Market Report:
What Are the Ongoing Trends in the Cumene Market?
The key trends in the cumene market are:
• Strategic partnerships among major companies are becoming a trend in the cumene market.
• The emphasis on reducing CO2 emissions through advanced technologies and process optimizations is gaining momentum.
• The launching of larger production plants, focusing on sustainable practices and innovative technology, is emerging as a trend.
• The optimal location of cumene plants for enhanced operational efficiency and connection to existing production sites is becoming more prevalent.
Which Companies are Expanding in the Cumene Industry?
The key players in the cumene market are:
• Shell plc
• Exxon Mobil Corporation
• BP plc
• Sumitomo Chemical Co. Ltd.
• BASF SE
• Dow Chemical Company
• China Petroleum and Chemical Corporation
• Ineos Group Limited
• Compañía Española de Petróleos SAU
• Chang Chun Group
• Braskem SA
• Saudi Arabia's Basic Industries Corporation
• KMG Chemicals Inc.
• China National Petroleum Corporation
• China Petrochemical Development Corporation
• Koch Industries Inc.
• Mitsui & Co. Ltd.
• Eni spa
• Sunoco LP
• Aramco Services Company
• Flint Hills Resources LLC
• Axiall Corporation
• Sigma-Aldrich
• TotalEnergies SE
• Borealis AG
• Total Petrochemicals & Refining USA Inc.
• Kumho Petrochemical Co. Ltd.
• Asahi Kasei Chemicals Corporation
• LG Chem Ltd.
• Chevron Phillips Chemical Company
• Idemitsu Kosan Co. Ltd.
• PTT Phenol Company Limited
• CEPSA Química SA
• Reliance Industries Limited
• Indian Oil Corporation Limited
Which is the Largest Region the Global Cumene Market?
Asia-Pacific was the largest region in the cumene market in 2024
