Cumene, also known as isopropylbenzene, 2-phenylpropane, or (1-methylethyl) benzene, is a colorless, volatile liquid with a gasoline-like odor. It is a natural component of coal tar and crude oil, and also can be used as a blending component in gasoline.
Analysis of Global Cumene Market report:
Global cumene market is expected to rise to an estimated value of USD 28.94 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the significant rise in the application areas of the product of cumene.
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- High growth in demand for phenol/acetone globally is expected to boost the growth of the market
- Growing utilization of plastics and composites which require the usage of phenolic and acetone in the production process; this factor is expected to drive the growth of the market
- Increasing demand from the paints, coatings, adhesives and sealants market is also expected to drive the growth of the market
- Concerns regarding the harmful health hazards is expected to restrict the growth of the market
- Concerns regarding the vulnerable nature of prices of crude oil is also expected to restrict the adoption rate of the product
Leading Key players profiled in this report are:
Some of the major competitors currently working in the global cumene market are Royal Dutch Shell; Exxon Mobil Corporation; JXTG Nippon Oil & Energy Corporation; Saudi Basic Industries Corporation (SABIC); Borealis AG; INEOS; Versalis; Braskem; Cepsa; DOMO Chemicals GmbH; Alfa Aesar, Thermo Fisher Scientific; American Chemistry Council, Inc.; RX MARINE INTERNATIONAL; Prasol Chemicals Pvt. Ltd.; Flint Hills Resources and Merck KGaA among others.
Global Cumene Market Segmentation:
- Solid Phosphoric Acid
- Aluminum Chloride
- Phenol Resins
- Bisphenol A
- Alkyl Phenols
- Solvent Use
- Methyl Methacrylate
- Bisphenol A
- Aldol Chemicals
- Paints & Enamels
- High-Octane Aviation Fuels
- Blending Component
- North America
- South America
Global cumene market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cumene market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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The Global Cumene Market report provides the global market size of the main players in each region. Moreover, the report provides knowledge of the leading markets players within the Global Central Fill Pharmacy Automation Market. The industry changing factors for the market segments are explored in this report. This analysis report covers the growth factors of the worldwide market based on end-users. Market opportunities and recommendations for new investments are also encompassed in this report.
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