Cumene Market Is Booming Worldwide by 2027 | Royal Dutch Shell Plc.; Exxon Mobil Corporation; BP Plc.; Sumitomo Chemical Co Ltd; BASF SE

Cumene Market 2021 report helps the clients to take business decisions and to understand strategies of major players in the industry. The report also calls for market- driven results deriving feasibility studies for client needs. Market Insights Reports ensures qualified and verifiable aspects of market data operating in the real- time scenario. The analytical studies are conducted ensuring client needs with a thorough understanding of market capacities in the real- time scenario.

SPECIAL OFFER (Avail an Up-to 25% discount on this report, please fill the form and mention the code: MIR30 in the comments section)

Click the link to get a Free Sample Copy of the Report @:

https://www.marketinsightsreports.com/reports/08103166895/cumene-global-market-report-2021-covid-19-impact-and-recovery-to-2030-including-1-by-end-user-industry-paints-industry-automotive-industry-chemical-industry-plastics-industry-and-others-2-by-application-phenol-acetone-chromatography-others-3-by-manufacturing-process-aluminum-chloride-catalyst-solid-phosphoric-acid-spa-catalyst-and-zeolite-catalyst-covering-royal-dutch-shell-plc-exxon-mobil-corporation-bp-plc-sumitomo-chemical-co-ltd-basf-se/inquiry?Mode=Saiba

The global cumene market is expected to grow from $15.97 billion in 2020 to $18.34 billion in 2021 at a compound annual growth rate (CAGR) of 14.8%.

Top leading Companies Profiled in Cumene Market Report 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; CEPSA; Chang Chun Group; Domo investment group; Braskem; SABIC; JX Nippon Oil; KMG Chemicals; CNPC; China Petrochemical Development Corporation; Koch Industries; Mitsui & Co. Ltd.; Eni Spa; Sunoco; Aramco Services Company; Flint Hills Resources LP; Guangzhou VA-SO Plastics Co., Ltd.; Axiall Corporation; Sigma-Aldrich; Total S.A.; Borealis AG; JXTG Nippon Oil and Energy Corporation; Shell Corp. LLC

Markets Segmentation:

1) By End-user industry: Paints industry; Automotive industry; Chemical industry; Plastics industry and others 2) By Application: Phenol ; Acetone; Chromatography; Others 3) By Manufacturing Process: Aluminum Chloride Catalyst, Solid Phosphoric Acid (SPA) Catalyst, and Zeolite Catalyst

Regional Analysis:

Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)

Market Overview

The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $17.63 billion in 2025 at a CAGR of -1%.

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 colorlesscolourless, 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. Acetone is used as a solvent in the pharmaceutical and cosmetic industries. Phenols are used for the production of epoxy resins used in paints and coatings. As a result, strong demand for phenols and acetones has resulted in its over-supply. The demand for acetone and phenol is increasing at a significant rate relative to supply, which offers new manufacturers great potential for establishing their facilities. The cumene market is expected to see a high growth rate during the forecast period due to increase in global demand for acetone. For instance, in 2019, China's acetone consumption was about 2.285 million tons, a rise of 17.18% year-on-year. The global production capacity of acetone was about 9.142 million tons, and about 90% of the production capacity was concentrated in Asia, the Americas, Europe, and Asia were estimated at 47%. Rising demand for phenols and acetones drove the cumene market.

Get Benefited discount at:

https://www.marketinsightsreports.com/reports/08103166895/cumene-global-market-report-2021-covid-19-impact-and-recovery-to-2030-including-1-by-end-user-industry-paints-industry-automotive-industry-chemical-industry-plastics-industry-and-others-2-by-application-phenol-acetone-chromatography-others-3-by-manufacturing-process-aluminum-chloride-catalyst-solid-phosphoric-acid-spa-catalyst-and-zeolite-catalyst-covering-royal-dutch-shell-plc-exxon-mobil-corporation-bp-plc-sumitomo-chemical-co-ltd-basf-se/discount?Mode=Saiba

News and Updates

In 2018, Cabot Microelectronics Corporation, a USA-based company specialized in supplying consumable materials to semiconductor manufacturers and pipeline companies, acquired KMG Chemicals for $1.6 billion. The acquisition helped Cabot Microelectronics Corporation in broadening its position as the leading supplier of consumable materials in the semiconductor industry. Additionally, the combination will result in the global supply of performance products and services to improve pipeline operations. KMG Chemicals, Inc. is a USA-based company that specializes in manufacturing specialty chemicals for electronics, industrial wood preservation, and industrial lubricant markets.

Key Takeaways from Cumene Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the Cumene market – key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance – Cumene market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues.

─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Cumene

Buy Now This Report at

https://www.marketinsightsreports.com/report/purchase/08103166895?mode=su?Mode=Saiba

In conclusion, the Cumene market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the Cumene Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.

Available Customization– The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.

Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234
Mob: +91-750-707-8687
sales@marketinsightsreports.com
irfan@marketinsightsreports.com

MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.