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Report Overview

The global cumene market attained a value of USD 23.88 Billion in 2025. The market is further expected to grow in the forecast period of 2026-2035 at a CAGR of 4.30%, to reach USD 36.38 Billion by 2035. Cumene, also known as isopropyl benzene, is an organic compound formed through Friedel-Crafts alkylation of benzene with propylene.

This aliphatic substitution process is key in producing cumene, which boils at a temperature suitable for various industrial uses. Increasing demand across applications such as laminates, composites, and plastics is fuelling market growth. Additionally, cumene plays a crucial role in the production of refined fuels and chemical intermediates. These factors are expected to support the expansion of the global cumene market significantly.

2025

Base Year

2019-2025

Historical Period

2026-2035

Forecast Period

Cumene Market Share Insight

The global cumene market is shaped by the presence of several key players who significantly influence industry trends, innovation, and competitive dynamics. Major market participants such as INEOS Group, Dow Inc., Royal Dutch Shell, SABIC, and ExxonMobil dominate the landscape through their extensive production capacities, strategic expansions, and advanced technologies. These companies focus on enhancing product quality, improving sustainability, and meeting the growing demand for cumene across various applications. Through collaborations, technological advancements, and geographic expansion, these market leaders continue to strengthen their foothold while driving the overall growth and development of the global cumene industry.

  • Dow Chemical Company: Dow is a leading global materials science company, providing innovative and sustainable solutions across packaging, infrastructure, and consumer care. It plays a significant role in the chemical industry, including the production of cumene and derivatives.
  • ExxonMobil Corporation: ExxonMobil is a major integrated energy and chemical company. It operates through upstream, downstream, and chemical segments, producing essential raw materials like cumene for use in plastics, resins, and other industrial applications globally.
  • BASF SE: BASF is a global chemical manufacturer delivering products across various sectors, including agriculture, automotive, and construction. It is actively involved in the cumene market, contributing to phenol and acetone production for wide-ranging industrial applications.
  • INEOS Group: INEOS is a large multinational chemicals company with a broad portfolio spanning petrochemicals, speciality chemicals, and oil products. It is a key producer of cumene, supporting the supply chain for phenol, acetone, and related chemical derivatives.
  • Total S.A.: Total is a diversified energy and chemicals company involved in oil, natural gas, and low-carbon energy production. Its chemical division includes the production of base chemicals like cumene, playing a role in various industrial and consumer goods markets.

Key Players in the Cumene Market:

  • Braskem S.A.
  • Lummus Technology 
  • Domo Chemicals GmbH
  • Exxon Mobil Corporation
  • Borealis AG
  • Sumitomo Corporation 
  • ENEOS Holdings, Inc.
  • Dow Chemical Company
  • JX Holdings
  • BASF SE
  • China Petroleum & Chemical Corporation
  • Saudi Basic Industries Corporation
  • INEOS Group
  • Total S.A.
  • Sinopec Group Ltd.
  • Others

Cumene Market Report Snapshots

Cumene Market

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market is projected to grow at a CAGR of 4.30% between 2026 and 2035.

The major industry drivers include growing utilisation of cumene in the production of phenol and acetone, rising demand for plastics, and the production of diverse petrochemical products.

The key industry trends guiding the market growth are increasing application of cumene in various end-use industries, government initiatives in boosting the production of cumene, and investments made by industry players in expanding the cumene production plants.

The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The different market divisions, based on manufacturing process, include aluminum chloride catalyst, solid phosphoric acid (SPA) catalyst, and zeolite catalyst.

The various applications of the product are phenol, acetone, paints and enamels, and high-octane aviation fuels, among others.

The major market divisions, based on end use industry, include plastics industry, automotive industry, chemical industry, paint industry, and rubber industry, among others.

The major players in the industry are Braskem S.A., Lummus Technology, Domo Chemicals GmbH, Exxon Mobil Corporation, Borealis AG, Sumitomo Corporation, ENEOS Holdings, Inc., Dow Chemical Company, JX Holdings, BASF SE, China Petroleum & Chemical Corporation, Saudi Basic Industries Corporation, INEOS Group, Total S.A., and Sinopec Group Ltd., among others.

Asia Pacific is the fastest-growing region in the cumene market due to rapid industrialisation, urbanisation, and increasing chemical production.

Asia Pacific holds the largest share in the cumene market, supported by strong demand from plastics and petrochemical industries.

The cumene market analysis covers the years from 2019 to 2035, offering insights across historical trends and future forecasts.

In 2025, the cumene market reached an approximate value of USD 23.88 Billion.

The market is estimated to witness healthy growth in the forecast period of 2026-2035 to reach a value of around USD 36.38 Billion by 2035.

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