(PRWEB) July 19, 2014
Cumene, also known as isopropylbenzene, is a colorless liquid and has its boiling point at 153oC and melting point at -96oC. It is used as feedstock for the production of phenol and its co-product, acetone. It is also used as a thinner for paints, enamels, and lacquers, and to produce acetophenone, dicumylperoxide, and diso-propyl benzene. Cumene is also used as a solvent for fats and raisins. It is also manufactured from propylene and benzene by utilizing an acidic catalyst. High-purity cumene is easily produced from either refining or steam cracker-derived propylene. In 2012, the revenue for cumene producers was about $9,105.7 million and is expected to reach $14,198.3 million by 2018.
Browse through the market data tables, figures and detailed ToC on the “Cumene Market.”
North America Cumene Market
In 2012, with the consumption of around 98.8% of the regional demand, the U.S. was the leading consumer of cumene in North America, and is expected to grow at an estimated CAGR of 4.5% during the period 2013 to 2018. The North American cumene market was valued at about $4,084.5 million in 2012, and is projected to reach $6,386.7 million by 2018.
Europe Cumene Market
Germany and Belgium were the biggest consumers of cumene in Europe, cumulatively consuming almost 48.8% of the regional demand and 14.6% of the global demand, in 2012. Belgium was among the net importers of cumene with a net import of about 727.0 KT in 2012, whereas the Netherlands was among the net exporters with a net export of about 543.0 KT of cumene in the same year. In 2012, the European cumene market was valued at about $4,513.5 million, and is expected to reach $6,549.0 million by 2018. Poland is expected to be the fastest-growing country in the region during the period 2013 to 2018, at a CAGR of about 14.2%.
Asia-Pacific Cumene Market
Taiwan and Japan were the biggest consumers of cumene in the Asia-Pacific region, cumulatively consuming almost 46.2% of the regional demand and 17.3% of the global demand in 2012. In 2012, around 4,639.2 KT of cumene was consumed in Asia-Pacific, with a projected growth at 5.9% from 2013 to 2018. Taiwan was the leading consumer of cumene in the region, consuming about 25.4% of the total regional demand in 2012, expected to grow at a CAGR of 4.6% during the forecast period. Among the key countries, India is expected to be the fastest-growing cumene market in the region, expected to grow at a CAGR of 11%-12% from 2013 to 2018. Taiwan and South Korea were among the key net importers of cumene. In 2012, the Asia-Pacific cumene market was valued at about $5,523.8 million, and is projected to reach $8,900.1 million by 2018.
About MicroMarket Monitor:
MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.
Mr. Chandrasekhar K.
5601 Bridge Street
Fort Worth, TX 76112
Connect with us on LinkedIn at http://www.linkedin.com/company/micromarketmonitor.