Press release
Cumene Market 2018 Industry Outlook, Size, Share and Key Players - BASF SE, The Dow Chemical Company, SABIC, Taiwan Cement Corp.
Cumene , Cumene Market , Global Cumene Market, Cumene Industry ,Cumene Market Size, Cumene Market Share, Cumene Market Research
BASF SE
The Dow Chemical Company
SABIC
Royal Dutch Shell Plc.
Exxon Mobil Corporation
Sumitomo Chemical Co. Ltd
Westlake Chemical Corporation
Taiwan Cement Corp.
Braskem
China Petrochemical Corporation
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Segmentation:
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.
Market Synopsis:
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.
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Regional Insights:
The global cumene market is spanned across five regions Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
The Asia Pacific is expected to lead 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 in countries such as China, India, and Japan.
The U.S. is the major contributor to the North American market due to the high use of cumene based products in electronics such as laptops, smartphones, and others.
Europe is likely to witness a substantial market growth due to the increasing demand for cumene from plastics and composites industries.
Latin American and the Middle East & Africa are other significant regions in the cumene market primarily driven by the growing automotive sector and consumer electronics respectively.
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