Cumene Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2021 - 2027
Market Segmentation The global cumene market is segmented on the basis of the product, production technology, application, and region. Based on the product, the global cumene market is segregated into phenol and acetone. The production technology of cumene is segmented into zeolite catalyst based, solid phosphoric acid, and aluminum chloride. On the basis of the application segment, the global cumene market is segmented into chemical intermediate and solvent. The global cumene market is majorly driven by its use as a chemical intermediate to produce phenol and acetone. The phenol and its derivatives produced from cumene are used in various applications such as electrical & electronics, automotive, paints & coatings, cosmetics, and others. The acetone is used as a solvent for plastics & synthetic fibers, a volatile component in various paints & varnishes, the excipient in pharmaceuticals, nail polish remover, and others. The various technology to manufac...