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Cumene Market growing by Increasing Market Share and Forecast to 2026 with Top Key Players Royal Dutch Shell; Exxon Mobil Corporation; JXTG Nippon Oil & Energy

Global Cumene Market

Cumene is used to manufacture other chemicals such as phenol, acetone, acetophenone, and methyl styrene. It is used as a thinner in paints, lacquers, and enamels. It is a component of high octane motor fuels. Cumene in used in the manufacture of rubber, iron and steel, and pulp and paper. Cumene, also known as isopropyl benzene, 2-phenylpropane or (1-methyl ethyl) benzene, is widely used as a chemical intermediate in the production of phenol and acetone. This Cumene market report lets you know that how the market is going to perform in the forecast years by giving you information about market definition, classifications, applications, and engagements.

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.

Influencing players of this 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; RX MARINE INTERNATIONAL; Prasol Chemicals Pvt. Ltd.; Flint Hills Resources and Merck KGaA among others.

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By following a number of steps of collecting and analysing market data, this finest Cumene  market research report is framed with the expert team. The global Cumene  market report consists of all the company profiles of the major players and brands. In addition, competitor analysis is carried out very well in the Cumene  market report which takes into account vital aspects about the key players in the market such as strong and weak points of the competitors and analysis of their strategies with respect to product and market. Every possible effort has been taken while researching and analysing information to prepare this Cumene  market research report.

Market Drivers:

  • 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

Market Restraints:

  • 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

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Segmentation: Cumene Market

By Ingredients (Benzene, Propylene),

By Production (Zeolite, Solid Phosphoric Acid, Aluminum Chloride),

By Application (Phenol, Acetone, Paints & Enamels, High-Octane Aviation Fuels, Others),

By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)

Table of Content:

Part 01: Executive Summary

Part 02: Scope of The Report

Part 03: Cumene Market Landscape

Part 04: Cumene Market Sizing

Part 05: Cumene Market Segmentation by Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

And More…. Get Detailed TOC@  https://databridgemarketresearch.com/toc/?dbmr=global-cumene-market

Competitive Analysis:

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.

Reasons to Purchase this Report

  • The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
  • Regions/Countries that are expected to witness the fastest growth rates during the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players

Key insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key Market players involved in this industry
  • Detailed analysis of the Market Segmentation
  • Competitive analysis of the key players involved

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