Press release
Cumene Market: Key vendors - ExxonMobil, Royal Dutch Shell, The Dow Chemical
Cumene is an organic compound that is also known as isopropylbenzene. It is formed by an aliphatic replacement of aromatic compounds and is a division of refined fuels and crude oil. Cumene is produced by reacting propylene and benzene. Isopropylbenzene has applications in the production of other chemicals such as phenol, acetone, and paints and enamels. Cumene compounds that are manufactured on an industrial scale are converted into cumene hydroperoxide.
Technavios analysts forecast the global cumene market to grow at a CAGR of 4.25% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global cumene market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Americas
APAC
Europe
Middle East and Africa
Technavio's report, Global Cumene Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
BP
China Petroleum & Chemical Corporation
ExxonMobil
Royal Dutch Shell
The Dow Chemical
Other prominent vendors
Borealis
INEOS
JX Nippon Oil & Gas Exploration Corporation
SABIC
Sigma-Aldrich (Merck)
Solvay
Versalis
Market driver
Rise in demand for phenol and its derivatives for various applications
For a full, detailed list, view our report
Market challenge
Fluctuations in crude oil prices
For a full, detailed list, view our report
Market trend
Increased use of cumene as a blending component in gasoline pool
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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