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Cumene Market by Application (Phenol, Acetone), by North America (United States, Canada, Mexico), by Europe (Germany, France, Italy, United Kingdom, Spain, Nordics, Benelux, Rest of Europe), by Middle East & Africa (UAE, South Africa, Saudi Arabia, Rest of Middle East Africa), by Asia Pacific (China, Japan, India, South Korea, Taiwan, South East Asia, Australia, Rest of Asia-Pacific), by Latin America (Brazil, Argentina, Rest of South America) Forecast 2024-2032
The size of the Cumene Market was valued at USD 28.02 USD Million in 2023 and is projected to reach USD 65.11 USD Million by 2032, with an expected CAGR of 12.8% during the forecast period. Cumene, also known as isopropylbenzene, is an organic compound characterized by a benzene ring bonded to an isopropyl group. There are primarily two types of cumene: industrial-grade and high-purity cumene. The compound is a colorless liquid with a distinct aromatic odor and is highly flammable. Cumene is primarily used as a precursor in the production of phenol and acetone through the cumene process, a key reaction in industrial chemistry. It is also employed as a solvent in various applications, including in the manufacture of adhesives, coatings, and other chemical products. Its stability and reactivity make it a valuable intermediate in chemical synthesis, contributing to its widespread industrial use.
Cumene Trends
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By Application:
By Region:
By End-Use Industry:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 12.8% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 12.8% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
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