Press release
Global Cumene Market Analysis and Forecast to 2023 by Recent Trends, Developments in Manufacturing Technology and Regional Growth Overview
Cumene Market
The global cumene market reached a value of nearly $21 billion in 2019, having grown at a compound annual growth rate (CAGR) of 3.79% since 2015, and is expected to grow at a CAGR of -.97% to nearly $20.2 billion by 2023.
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The cumene market consists of sales of cumene and related services. It is used as a raw material in the synthesis of other organic compounds, such as phenol, acetone, acetophenone, and methyl styrene. It is also used as a thinner for paints and lacquers. Cumene is a colorless, flammable liquid and has a penetrating gasoline-like odor.
Rising demand for phenols and acetones in various industries contributes to the growth of the cumene market. Cumene is used as a feed-stock in the production of phenol and acetone. Acetone is used as a solvent in the pharmaceutical and cosmetic industries where as phenols are used for the production of paints and coatings.
Cumene Market Segmentation:
By End-user industry:
1.Paints industry
2.Automotive industry
3.Chemical industry
4.Plastics industry
By Application:
1.Phenol
2.Acetone
3.Chromatography
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Few Points From Table Of Content
1. Executive Summary
2. Cumene Market Characteristics
3. Cumene Market Size And Growth
4. Cumene Market Segmentation
5. Cumene Market Regional And Country Analysis
……
26. Key Mergers And Acquisitions In The Cumene Market
27. Cumene Market Trends And Strategies
28. Cumene Market Future Outlook and Potential Analysis
29. Appendix
The report covers the trends and market dynamics of the Cumene Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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Some of the key players involved in the Cumene Market are Royal Dutch Shell Plc., Exxon Mobil Corporation, BP Plc., Sumitomo Chemical Co Ltd, BASF SE, The Dow Chemical Company, China Petroleum and Chemical Corporation, Ineos Group Limited and CEPSA.
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