Global Cumene Market to grow at a CAGR of 4.25% to 2021 – Analysis of BP, China Petroleum & Chemical Corporation, ExxonMobil, Royal Dutch Shell, and The Dow Chemical

MarketResearchNest.com adds “Global Cumene Market 2017-2021” new reports to its research database. The report spread across 66 pages with tables and figures in it.

The analysts forecast the global cumene market to grow at a CAGR of 4.25% during the period 2017-2021.

Cumene is an organic compound that is also known as isopropylbenzene. It is formed by an aliphatic replacement of aromatic compounds and is a division of refined fuels and crude oil. Cumene is produced by reacting propylene and benzene. Isopropylbenzene has applications in the production of other chemicals such as phenol, acetone, and paints and enamels. Cumene compounds that are manufactured on an industrial scale are converted into cumene hydroperoxide.

Get more details about report at https://www.marketresearchnest.com/global-klystrons-market-2017-2021.html .

Researcher recognizes the following companies as the key players in the global cumene market: BP, China Petroleum & Chemical Corporation, ExxonMobil, Royal Dutch Shell, and The Dow Chemical.

Other Prominent Vendors in the market are: Borealis, INEOS, JX Nippon Oil & Gas Exploration Corporation, SABIC, Sigma-Aldrich (Merck), Solvay, and Versalis.

Commenting on the report, an analyst team said: “One trend in the market is increased use of cumene as a blending component in gasoline pool. The major refinery products manufactured using the product blending technique are gasoline, heating oils, jet fuels, and diesel fuels. The objective of product blending is to assign the available blending components in a way that will ensure that all the product demands and specifications are compatible at the least cost and to produce products to maximize the overall profit.”

Order a Purchase Report Copy at https://www.marketresearchnest.com/purchase.php?reportid=272995 .

According to the report, one driver in the market is rise in demand for phenol and its derivatives for various applications. The largest consumer of phenol is BPA. Though there are health and safety-related issues associated with the use of BPA, it is still used as a key ingredient for the production of polycarbonate and epoxy resins. Another major application of phenol is its use in the production of phenol-formaldehyde resins. These resins are primarily used in wood adhesives for binding the layers of plies in exterior plywood.

Further, the report states that one challenge in the market is fluctuations in crude oil prices. Cumene is manufactured by reacting benzene and propylene. Fluctuations in the price of benzene due to changes in crude oil prices directly impact the production cost of cumene. Many factors influence crude oil prices, such as factors related to the trading and financial markets and physical market factors. The eight major factors that influence crude oil prices are Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC supply disruption, Organization for Economic Co-operation and Development (OECD) inventories and WTI futures spread, change in Saudi production and price of West Texas Intermediate (WTI) crude, commodity index, composition of the Dow Jones Union Bank of Switzerland (UBS) commodity index, average daily open interest in crude oil futures, world oil consumption, and world GDP.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Inquire before buying this report at https://www.marketresearchnest.com/enquirybuy.php?reportid=272995 .

MarketResearchNest.com is the most comprehensive collection of market research products and services on the Web. We offer reports from almost all top publishers and update our collection on daily basis to provide you with instant online access to the world’s most complete and recent database of expert insights on global industries, organizations, products, and trends.

Mr. Jeet Jain
Sales Manager
sales@marketresearchnest.com
+1-240-284-8070 / +44-20-3290-4151

This release was published on openPR.