Cumene Market 2020 Size in Stowage Bins Segment is Expected to Exhibit Significant Growth Over 2025 | Exxon Mobil Corporation, Royal Dutch Shell Plc., Total S.A., BP Plc., Axiall Corporation, Sumitomo Chemical Co., BASF SE

Global Cumene market would thus note a steady growth over the forecast period of 2020 - 2025. The robust CAGR (Compound Annual Rate Growth) will chart an upward growth curve and create lucrative growth opportunities in the global Cumene market. In, turn, this will lead to improvement in market worth.

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Global Cumene Market: Notable Development
Global Cumene market is set to witness growth and a number of notable developments are paving the way for the same. The competitive landscape is also duly impacted by these developments. A deep dive can be had a published report by Adroit Market Research.

The global Cumene market is highly consolidated. And, key players in the global Cumene market are 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.

Global Cumene Market: Key trends and driver
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.

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Global Cumene Market: Regional Analysis
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.

Key segments of the global cumene market include:

o Application segment of cumene market
o Phenol/acetone
o Others

o 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)

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