Cumene Market to Reach US$ 42.7 Bn by 2032 – Comprehensive Research Report by Future Market Insights Inc – QNT Press Release


The US is projected to account for the highest value share of global cumene market demand in 2032. From 2015-2021 Cumene sales are expected to grow at 6.3% annually, with most growth coming from production (zeolite) and application Phenols dominate overall chemical markets which average 5%.

NEWARK, Del, June 6, 2022 /PRNewswire/ — According to a recent study by Future Market Insights, the cumene market is anticipated to have a prodigious CAGR of 5.4% during the period of 2022-2032. The market is anticipated to reach US$ 42.7 Billion in 2032, from US$ 25.1 Billion in 2022. The market was valued at US$ 23.5 Billion in 2021, and is expected to grow with a YOY growth rate of 6.8%. The overall absolute dollar growth of the global market is US$ 17.6 Billion.

Growing utilization of the cumenes for various applications is estimated to boost the market growth over forecast period. Major factors that are expected to boost the growth of the cumene market in the forecast period are the rise in the demand for phenolic resins and bisphenol-A, and the increase in the consumption of acetone and its derivatives. Furthermore, the rise in the usage of cumene in adhesives and sealant chemicals and the upsurge in the preference for the consumers towards high octane production are further propelling the growth of the cumene market.

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The product innovations, such as the development of food-grade cumene for polycarbonate plastic-based containers and bottles are expected to extend profitable opportunities to the market players during the forecast period. One of the major applications of cumene is in the production of phenol. The liquid-phase oxidation of cumene with molecular oxygen forms cumene hydroperoxide, which is further decomposed into phenol and acetone using a catalyst. The oxidation process requires the use of purified cumene. The catalyst used to decompose cumene hydroperoxide into phenol and acetone is sulphuric acid .

Key Takeaways from the Market Study

  • The US to account for the highest value share of US$ 14.9 Billion of global market demand for cumene in 2032
  • From 2015 to 2021, Cumene demand expanded at a CAGR of 6.3%
  • By production, the zeolite segment constitutes the bulk of Cumene Market with a CAGR of 5.6%.
  • By application, the phenol segment dominates the cumene market with a CAGR of 5.4%.

“Product innovations, such as the development of food-grade cumene for polycarbonate plastic-based containers and bottles are …

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