Global Cumene Market was valued US$ 20.14 Bn in 2018 and is anticipated to reach US$ XX Bn by 2026 at a CAGR of about XX% during a forecast.
Rising demand for cumene derivative in various industries such as plastics, composites, laminates and other industries and its increased utility is driving the growth of cumene market. Increase in diversion of consumers toward high octane Synthesis Method ion fuels and growth in paints & coatings industry are some major factors anticipated to augment the market growth.
Innovative activities in bisphenol-A, polycarbonate and phenolic resins are propelling the market growth. Increase in use of cumene in adhesives and sealant chemicals fuels the market growth.. Exposure to cumene causes skin irritation, slight inco-ordination and headache this brings restraints for global cumene market growth.
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Cumene is produced by three processes that use aluminum chloride, solid phosphoric acid and zeolite as catalyst. Presently zeolite catalyst process has gain popularity owing to disadvantages of aluminium chloride and phosphoric such as environmental hazard, catalyst non-renewability and high corrosion. These factors have resulted in a shift toward using zeolite as catalysts for Synthesis Method ion.
Phenol, acetone, chromatography and others are application segments of cumene market. Phenol resins, caprolactam, bisphenol A, Alkyl phenols and others are sub segments of phenol. While solvent, methyl methacrylate, bisphenol a, aldol chemicals and others are sub-segments of acetone. Cumene is made primarily for synthesis of phenol and acetone Synthesis Method ion. Phenol & acetone synthesis consumes approximately XX % of all cumene. Cumene is used as a blending component in the motor spirit to avoid benzene restrictions in gasoline since it has a high octane rating.
North America dominated global cumene market, and Asia Pacific is projected to have fastest growth, owing to rapidly increasing population, rapid urbanization, rise in demand of acetone and phenol derivatives, and modernizing infrastructure in developing nations such as China, and India in this region. Among all the end-users, phenolic resins have the highest market share in global cumene market, owing to higher industrial usage.
The objective of the report is to present comprehensive analysis of Global Cumene Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers. The report also helps in understanding Global Cumene Market dynamics, structure by analyzing the market segments, and project the Global Cumene Market size. Clear representation of competitive analysis of key players by Global Cumene Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Cumene Market make the report investor’s guide.
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Scope of the Global Cumene Market
Global Cumene Market, by Synthesis Method Type:
• Solid Phosphoric Acid
• Aluminum Chloride
Global Cumene Market, by Application Type:
Global Cumene Market, by Region:
• North America
• Asia Pacific
• Middle East & Africa
• Latin America
Key Player Analysed in the Global Cumene Market:
• Royal Dutch Shell Plc.
• Exxon Mobil Corporation
• Total S.A.
• BP Plc.
• Sumitomo Chemical Co.
• Axiall Corporation
• BASF SE
• The Dow Chemical Company
• JX Nippon Oil.
• KMG Chemicals
• Chang Chun Plastics Co. LTD.
• Formosa Plastics Group
• Taiwan Cement Corporation
• China Petrochemical Development Corporation
• Georgia Gulf Corporation
• Ineos Group Limited
• Koch Industries
• Petroleos de Venezuela S.A. Mitsui & Co. LTd.
• Eni Spa
• Aramco Services Company
• Domo Investment Group
• Flint Hills Resources LP
• Guangzhou VA-SO Plastics Co., Ltd.
MAJOR TOC OF THE REPORT
Chapter One: Cumene Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Cumene Market Competition, by Players
Chapter Four: Global Cumene Market Size by Regions
Chapter Five: North America Cumene Revenue by Countries
Chapter Six: Europe Cumene Revenue by Countries
Chapter Seven: Asia-Pacific Cumene Revenue by Countries
Chapter Eight: South America Cumene Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Cumene by Countries
Chapter Ten: Global Cumene Market Segment by Type
Chapter Eleven: Global Cumene Market Segment by Application
Chapter Twelve: Global Cumene Market Size Forecast (2019-2026)
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