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Cumene Market Size Forecast to Reach $26.9 Billion by 2025


Cumene Market Size Forecast to Reach $26.9 Billion by 2025
The Rise in Demand for the Laminates and Plastics Industries Will Increase the Demand for the Cumene Market
BriefingWire.com, 1/03/2021 - Cumene Market size is forecast to reach $26.9 billion by 2025, after growing at a CAGR of 7% during 2020-2025. The Cumene Market is witnessing an increase in demand as they are widely used in the manufacture of rubber, iron, and steel, and pulp and paper and thinner for paints, lacquers, and enamels and as a component of high-octane fuels. Demand for Cumene is increasing due to their unique properties such as flammability, high boiling points, and solubility in organic solvents. These characteristics of Cumene are driving its demand in various end use industries such as paint, chemical, automotive, and plastic, which will accelerate the cumene industry substantially in the forecast era. ....

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