|01-08-2019 09:34 AM CET - Advertising, Media Consulting, Marketing Research||
Cumene Market Demand, Share, Size, Trend, Industry News by Top Companies - BASF SE, SABIC, Exxon Mobil Corporation, The Dow Chemical Company, Braskem, Taiwan Cement Corp.
Press release from: Market Research Future (MRFR)
The global cumene market is segmented on the basis of the product, production technology, application, and region.
Based on the product, the global cumene market is segregated into phenol and acetone.
The production technology of cumene is segmented into zeolite catalyst based, solid phosphoric acid, and aluminum chloride.
On the basis of the application segment, the global cumene market is segmented into chemical intermediate and solvent.
Some of the prominent manufacturers in the global cumene market are Royal Dutch Shell Plc. (Netherlands), Exxon Mobil Corporation (U.S.), BASF SE (Germany), Sumitomo Chemical Co. Ltd (Japan), The Dow Chemical Company (U.S.), Westlake Chemical Corporation (U.S.), Taiwan Cement Corp. (Taiwan), Braskem (Brazil), China Petrochemical Corporation (China), and SABIC (Saudi Arabia).
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Cumene is a volatile, flammable, high boiling, and an organic compound with gasoline-like odor. It naturally occurs in coal tar and crude oil and is a blending component in gasoline. Commercially, Friedel-Crafts alkylation is used for the manufacturing of cumene.
The global cumene market is majorly driven by its use as a chemical intermediate to produce phenol and acetone. The phenol and its derivatives produced from cumene are used in various applications such as electrical & electronics, automotive, paints & coatings, cosmetics, and others. The acetone is used as a solvent for plastics & synthetic fibers, a volatile component in various paints & varnishes, the excipient in pharmaceuticals, nail polish remover, and others. The various technology to manufacture cumene includes zeolite catalyst based, solid phosphoric acid, and aluminum chloride. Among these, the cumene production with the zeolite as a catalyst is the leading segment due to its regenerative nature which can be used for several cycles. Further, the use of zeolite reduces the disposable water problems associated with solid phosphoric acid, and aluminum chloride. Also, these processes have disadvantages such as environmental hazard, high corrosion, and catalyst regeneration. Moreover, the use of cumene as a component of high fuel octane is further driving the market growth due to its application in automotive and transportation sector.
1 Royal Dutch Shell Plc.
1.1 Company Overview
1.2 Product/Business Segment Overview
1.3 Financial Updates
1.4 Key Developments
2 Exxon Mobil Corporation
2.1 Company Overview
2.2 Product/Business Segment Overview
2.3 Financial Updates
2.4 Key Developments
3 BASF SE
3.1 Company Overview
3.2 Product/Business Segment Overview
3.3 Financial Updates
3.4 Key Developments
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Detailed Geographical Analysis:
The global cumene market is segmented into five regions Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
The Asia Pacific is anticipated to dominate the global cumene market due to the high demand for phenolic based products used for various applications such as electronics, paints & coatings, automotive, and others. Developing countries such as China, India, and Japan are driving the regional market due to the high consumption of electronics in this region.
North America is another major region in the global cumene market owing to the high demand for technological electronic appliances such as smartphones, laptops, and gaming devices. The U.S. is the major contributor to the regional market due to the above-mentioned reason along with the high disposable income.
The European market is majorly driven by the demand for cumene from plastics and composites in countries such as Germany, Italy, the U.K, France, and others.
The Latin American market is primarily driven by the growing automotive sector in Mexico.
The Middle East & Africa is likely to showcase a significant market growth on account of the increasing demand for consumer electronics in this region.
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This release was published on openPR.
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