The Asia-Pacific region has rapidly emerged as the largest global cumene market. The moderately developed Japanese market also accounts for a substantial share in the global cumene market in Asia-Pacific region. China is going through large capacity additions in the form of aromatic plants (phenol derivatives) which has increased the cumene market in Asia-Pacific region.
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One of the most common drivers in the global cumene market is the increasing demand and capacity of cumene in various regions such as China. Further, growing demand for phenol is a major driver in the cumene market. Demand within the global cumene market has increased over the last decade as a result of increased consumption of acetone derivatives market worldwide.
Cumene or isopropyl-benzene is an inflammable organic compound that is based on an aromatic hydrocarbon with an aliphatic substitution. It is a constituent of crude oil and refined fuels. For cumene production, the zeolite catalyst-based technology is the most widely used. Older methods are also used for facilitating cumene production, which includes technologies based on aluminum chloride and solid phosphoric acid catalyst.
Cumene is released in the environment as a result of its production and processing from petroleum (crude oil) refining. Therefore, consumption of contaminated food or water and the inhalation of contaminated air from the evaporation of petroleum products are the two most probable forms of human exposure to cumene.
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Major competitors in the global cumene market are China Petroleum & Chemical Corp. (SNP) , Axiall Corporation , Shell Corp. LLC,. INEOS Group Holdings SA. Some other prominent competitors in this market include -ARAMCO SERVICES COMPANY, China National Petroleum Corporation, Domo investement group, BP p.l.c, Braskem, CEPSA.
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