Cumene Market Size, Revenue, Technology, Competitive Analysis, Growth Drivers and Opportunities by 2023

Report Ocean has recently published the “Cumene Market  Research Report 2023-2031, offering a comprehensive analysis of the market. This report delves deep into the market dynamics, including key trends, upcoming technologies, drivers, challenges, and regulatory policies. It also features company profiles and strategies of prominent players in the industry. With over 100+ market data tables, pie charts, graphs, and figures, this global market study provides a thorough understanding of the market landscape. It presents a complete assessment, encompassing future trends, current growth factors, informed opinions, factual insights, and industry-validated market data, enabling accurate forecasts until 2031.

The global cumene market was valued at $16,330 million in 2015, and is projected to reach $25,089 million by 2022, growing at a CAGR of 6.5% from 2016 to 2022. Cumene, also known as isopropyl-benzene, is an inflammable organic compound, which is derived from an aromatic hydrocarbon with an aliphatic substitution. It is a major constituent of refined fuels and crude oil. It is used in a wide range of industries as a base chemical to produce cumene hydroperoxide, which further produces two commercially crucial chemicals namely acetone and phenol. It is used in sealant, adhesives, as a solvent in paints, lacquers, enamels, in the production of high octane production fuels, and in fuel additives.

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The global cumene market has witnessed significant growth opportunities globally, owing to growth in demand for phenol and acetone and their derivatives. Furthermore, rise in per capita disposable income, overall economic growth, and upsurge in the use of phenolic resins & bisphenol-A are anticipated to boost the market growth during the forecast period. Moreover, growth in demand for phenol in various industries such as plastics, composites, and laminates are anticipated to supplement the global market. However, volatile prices crude oil and hazardous health effects of cumene are expected to hamper this growth.

The global cumene market is categorized on the basis of application and geography. Based on application, it is classified into phenol/acetone and others. Geographically, the market is analyzed across North America, Latin America, Europe, Asia-Pacific, and LAMEA.

KEY BENEFITS FOR STAKEHOLDERS

The report provides extensive qualitative & quantitative analyses of the current trends and future estimations of the global cumene market from 2014 to 2022 to determine the prevailing opportunities.
Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
Market estimations and forecast of the industry are based on factors impacting the growth, in terms of value and volume.
Competitive intelligence of leading producers and suppliers of cumene assists to understand the competitive scenario globally.
The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth.

The key players in the global cumene market have adopted various market penetration and growth strategies, such as mergers & acquisitions, with the local and established players. The key players profiled in the report include:

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Royal Dutch Shell Plc.
Exxon Mobil Corporation
Total S.A.
BP Plc.
Axiall Corporation
SABIC
BASF SE
The Dow Chemical Company
JX Nippon Oil
Sumitomo Chemical Co.

Other players in the value chain (profiles not included in the report) include:

CPCC
KMG Chemicals
CNPC
Chang Chun Plastics Co. LTD
KenolKobil
Formosa Plastics Group
Taiwan Cement Corporation
China Petrochemical Development Corporation
Georgia Gulf Corporation
Ineos Group Limited
Koch Industries
Petroleos de Venezuela S.A.
Mitsui & Co. LTd.
CEPSA
Eni Spa
Sunoco
Aramco Services Company
Domo Investment Group
Flint Hills Resources LP
Guangzhou VA-SO Plastics Co.Ltd.

Cumene Market Key Segments:

By Application

Phenol/Acetone
Others

By Geography

North America
U.S.
Canada
Mexico
Europe
Germany
Russia
UK
France
Rest of Europe
Asia-Pacific
India
China
Japan
Australia
Korea
Rest of Asia-Pacific
LAMEA
Brazil
KSA
South Africa

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Table of Contents:

  1. Introduction and Scope
    1. Definition and Forecast Parameters
    2. Methodology and Forecast Parameters
    3. Information Sources
  2. Latest Trends Summary
    1. Regional Trends
    2. Product Trends
    3. End-Use Trends
    4. Business Trends
  3. Industry Insights
    1. Industry Fragmentation
    2. Industry Landscape
    3. Vendor Matrix
    4. Technological and Innovative Landscape
  4. Market by Region
    1. North America
    2. Latin America
    3. Europe
    4. Asia Pacific
    5. Middle East and Africa
  5. Company Profiles
    1. Company Overview
    2. Financial Elements
    3. Product Landscape
    4. SWOT Analysis
    5. Systematic Outlook

What Are the Key Data Covered in This Market Report?

  • The report may provide data on the current market size, historical data for previous years, and projections for future growth.
  • This data may be presented in terms of revenue, market share, or other relevant metrics.
  • The report may include data on the segmentation of the market based on various factors such as product type, application, end-user industry, and geography.
  • This data helps to understand the market dynamics within different segments
  • The report may highlight key trends and drivers that are shaping the market. This can include technological advancements, regulatory changes, consumer behavior, and industry developments.
  • Data on these trends and drivers can provide insights into the factors influencing market growth.
  • The report may provide data on the competitive landscape of the market, including key players, their market share, and strategies.
  • This data helps to assess the competitive intensity and market positioning of different companies operating in the market.
  • The report may outline the challenges and opportunities faced by market participants. This can include factors such as regulatory hurdles, competitive pressures, and emerging market opportunities.
  • Data on these challenges and opportunities can inform business decisions and strategies.
  • The report may provide data on the market performance and trends in different regions or countries. This can include data on market size, growth rate, and key players in each region.
  • Regional data helps to understand market dynamics at a local level.
  • The report may include data on consumer behavior, preferences, and buying patterns related to patient engagement solutions.
  • This data can provide insights into customer needs and expectations, helping businesses tailor their offerings accordingly.
  • The report may provide forecasts for the future of the market based on historical data, market trends, and other factors.
  • This data helps stakeholders understand the potential growth and opportunities in the market.

Questions & Answers Market Research/Analysis Report Contains to your following:

  • What is the current size of the market and how is it expected to grow in the future?
  • What are the key drivers influencing market growth?
  • What are the major challenges or constraints faced by market participants?
  • What are the emerging trends and opportunities in the market?
  • Who are the major competitors in the market and what is their market share?
  • What are the key customer segments and their preferences within the market?
  • What are the regional or geographic trends and variations within the market?
  • What are the regulatory and legal factors impacting the market?
  • What are the technological advancements or innovations shaping the market?
  • What are the pricing trends and strategies observed in the market?
  • What are the distribution channels and their effectiveness in reaching the target market?

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