Global Cumene Market Drivers, Restraints, Potential Growth Opportunities, Vendor Competitive Landscape, Trends and Forecast 2018-2025

The Global Cumene Market size accounted for $xxxxx million in historical year (2017) and is expected to reach $xxxx million by 2025 mounting at a CAGR of xx% over the forecast period. One of the major factors expected to drive the market for cumene market demand across the globe over the forecast period is rising demand for phenol in several industries including composites, plastics, laminates & other industries. Another factor fueling the cumene market growth is rising demand for acetone that uses cumene as a production raw material.

Cumene is a colorless & clear liquid with a pungent stench that is a component of finished fuels as well as crude oil. Molecular weight of cumene is 120.2 (g/mol) with a boiling point of 152153C, also melting point of -96C. Moreover, the product is used in varied forms petroleum products plus as a thinner for high fuels of octane, lacquers, paints & enamels as well as for the production of acetone, 0acetophenone, methylstyrene and phenol.

Get Sample Copy Of This Report @ https://www.adroitmarketresearch.com/contacts/request-sample/300

The global cumene market has been segmented by different applications and geography. Further, by different application, market has been sub-divided into phenol/acetone and others. Application segment of the cumene market is dominated by phenol/acetone segment and is expected to maintain its dominance over the forecast spell, rising at a CAGR of x.x% in terms of volume.

Likewise geographical segment divides market into certain key regions covering Europe, Asia-Pacific, North America and LAMEA. In addition, Asia-Pacific region was accounted for around xx% cumene market share, trailed by Europe & North America respectively. Moreover, developing economies of Asia-Pacific region are predicted to witness moderate rate of growth, on account of intensifying growth rates in overall economy. Furthermore, increase in investments by key players is another major factor fueling the market growth.

Cumene market across the world operating in the competitive landscape market is making huge investments in research & development in order to develop innovative products to meet the market’s requirement. Key players operating in value chain of the industry include Exxon Mobil Corporation, Royal Dutch Shell Plc., Total S.A., BP Plc., Axiall Corporation, Sumitomo Chemical Co., BASF SE, SABIC, JX Nippon Oil and The Dow Chemical Company.

Enquiry For This Report @ https://www.adroitmarketresearch.com/contacts/enquiry-before-buying/300

Other prominent players in the market are KMG Chemicals, CNPC, KenolKobil, Taiwan Cement Corporation, Formosa Plastics Group, Georgia Gulf Corporation, China Petrochemical Development Corporation, Koch Industries, Ineos Group Limited, Petroleos de Venezuela S.A. Mitsui & Co. LTd., Aramco Services Company, CEPSA, Eni Spa, Sunoco, Flint Hills Resources LP, Domo Investment Group, Guangzhou VA-SO Plastics Co. Ltd. and CPCC, Chang Chun Plastics Co. LTD.

Key segments of the global cumene market include:
• Application segment of cumene market
o Phenol/acetone
o Others
• Geographical segment of cumene market
o Europe (Russia, Germany, France, UK & Rest of Europe)
o Asia-Pacific (China, India, Australia, Japan, Korea & Rest of Asia-Pacific)
o North America (Canada, U.S. & Mexico)
o LAMEA (Brazil, South Africa, KSA & Rest of LAMEA)

Browse Complete Report @ https://www.adroitmarketresearch.com/industry-reports/cumene-market

What to expect from the upcoming ‘Global Cumene Market’ analysis:
- Analyzes about future prospects as well as global cumene market trends market over the forecast period (2018-2025)
- Information regarding technological progressions as well as innovations taking place in developing as well as developed economies and also various macro & microeconomic factors that affect the growth of the market.
- Supportive initiatives by government likely to influence the market dynamics.
- Key drivers influencing market’s growth, opportunities, restraints, sales channels and distributors.
- In-depth analysis of different market segmentations including application and geographical regions.
- Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market such as expansions, growth strategies, agreements, new product launches and acquisitions in the market
- Value Chain and Sales Channels Analysis

About Us:
Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

Contact Information:
Ryan Johnson
Account Manager Global
3131 McKinney Ave Ste 600, Dallas,
TX75204, U.S.A.
Phone No.: USA: +1 (214) 884-6068 / +91 9665341414

This release was published on openPR.