Cumene Market New Business Opportunities and Investment Research Report by 2030
Led the global cumene market in 2020, accounting for nearly half of the total share, and is expected to remain dominant through 2030.
WILMINGTON, DE, UNITED STATES, September 1, 2025 /EINPresswire.com/ -- The global cumene market is experiencing steady growth, driven by the rising demand for phenol, acetone, and their derivatives, along with the increasing usage of phenolic resins and bisphenol-A across industries.According to a report published by Allied Market Research, titled βCumene Market By Production Technology (Zeolite, Solid Phosphoric Acid, Aluminum Chloride), By Application (Phenol, Acetone, Others): Global Opportunity Analysis and Industry Forecast, 2021β2030β, the global cumene industry was valued at $18.6 billion in 2020 and is projected to reach $28.0 billion by 2030, registering a CAGR of 4.3% from 2021 to 2030.
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Market Dynamics:-
Drivers
- Rising demand for phenol and acetone along with their derivatives.
- Growing applications of phenolic resins and bisphenol-A.
Restraints:
- Fluctuating crude oil prices.
- Hazardous health effects associated with cumene exposure.
Opportunities:
- Expansion of the aviation industry.
- Increasing demand from the paints & enamels sector.
Segment Insights:-
By Production Technology:
- Zeolite: Accounted for more than half of the market share in 2020 and is expected to maintain its dominance through 2030. It is also projected to grow at the highest CAGR of 4.4%, owing to its role as a catalyst in organic reactions.
- Other technologies: Solid Phosphoric Acid and Aluminum Chloride were also analyzed in the report.
By Application:
- Phenol: Held nearly three-fourths of the market in 2020 and is expected to sustain its lead, with the fastest CAGR of 4.4%. Its growing use in healthcare, household products, and industrial synthesis fuels growth.
- Other applications: Acetone and miscellaneous uses contribute to the remaining market share.
Regional Analysis:
- Asia-Pacific: Led the global cumene market in 2020, accounting for nearly half of the total share, and is expected to remain dominant through 2030. The region is also projected to witness the fastest CAGR of 4.6%, driven by rapid industrialization and increased use in cosmetics and personal care manufacturing.
- Europe and North America: Follow Asia-Pacific in terms of market share and continue to be key revenue contributors.
Key Market Players:
- Royal Dutch Shell Plc
- Exxon Mobil Corporation
- Total S.A.
- BP Plc
- Sumitomo Chemical Co.
- Axiall Corporation
- SABIC
- BASF SE
- The Dow Chemical Company
- JX Nippon Oil & Energy Corporation
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
Allied Market Research
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