SOURCE: Radiant Insights, Inc.

Radiant Insights, Inc.

March 03, 2016 07:15 ET

Cumene Market Size, Share & Analysis Report: Radiant Insights, Inc.

SAN FRANCISCO, CA--(Marketwired - Mar 3, 2016) - Cumene is flammable colorless liquid belonging to the family of benzene-toluene-ethyl benzene. It is used as an intermediary chemical and is not soluble in water. it is only soluble in benzene and ethanol. Production of acetone and phenol requires huge volume of cumene, hence these markets are tightly attached with the cumene demand.

Usage of cumene is possible as fuel for high-octane aviation and even as thinning agent for paints. It can also be used as a blending component when the costs are not high for motor gasoline. Cumene market demand is also driven by rising bisphenol production which is a by-product of aceton and phenol and is widely used for production of epoxy resins and polycarbonate.

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Eventually, it is the sturdy augmentation in polycarbonate to facilitate the powerful demand all the way through phenol, acetone and bisphenol A and therefore, to cumene. The biggest source for the production of acetone and phenol is the peroxidation process of cumene. Nevertheless, the related amount of acetone and phenol consumed is not equivalent to the related amount of acetone and phenol produced.

With the growing requirement of bisphenol A, it is phenol which is the inadequate factor. As a result, along with the growth of the market the demand of acetone is less than that of phenol which concludes capability consumption. Acetone and phenol does not share any common market but biphenol A is an exception.

In history, phenol was always more useful product. A variety of alternative phenol procedures that bypass acetone has been developed with the aim of typically involving benzene-to-phenol alteration, with the use of altered catalysts. Nonetheless, these procedures are not acknowledged to the demand of cumene affect in the coming time.

North Asia, mainly Korea, Taiwan, Japan, and China, is leading the market with majority of cumene demand globally. North America is in the second position followed by Europe at the third position. Very low trade of cumene is done internationally even though it can easily be shipped and is a liquid in nature.

The consumption of cumene in China is anticipated to witness fastest growth. Nevertheless, phenol market drives the cumene market and the recent capability accompaniments planned for cumene, phenol, and acetone in coming time is anticipated to surpass the estimated growth and grounds functioning charges to experience.

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