Cumene Market (2018 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Cumene market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.
“Cumene Market report is anticipated to register a CAGR of 4.8% over a five years forecast period (2018 – 2023).”
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List of Major Key players operating in the Global Cumene Market are –
- BASF SE
- Braskem SA
- Cepsa Chemical Shanghai
- Chang Chun Plastics Co.
- Domo Chemicals
- Exxonmobil Corporation
- Honeywell UOP
- Ineos Group Limited
- Taiwan Cement Corporation
- The Dow Chemical Company
- Total S.A.
The global cumene market is expected to witness a CAGR of approximately 4.8%, during the forecasted period. The major factor driving the market is the growing demand for phenol from plastics and composites applications.
Rising Demand for Phenol
Cumene is a flammable and colorless liquid and a constituent of refined fuels and crude oil. It is made primarily for phenol and acetone production, which consume more than 90% of all cumene. Therefore, cumene has a close dependency on phenol. The growing demand for phenol from plastics and composites segment has significantly increased the demand for cumene. Hence, this is one of the major driving factors for the market during the forecast period. However, the extended exposure of cumene causes harmful effects to human, which may hinder the market growth to a certain extent.
Growing Demand for Polycarbonate
Cumene is majorly required in the manufacturing of polycarbonate. Polycarbonate has been one of the booming markets with steady growth. PC resins are significantly consumed in automotive industry. Thus, with the consistent growth in the automotive industry, globally, the demand for PC is expected to increase and growth trend is expected to continue during the forecast period. Therefore, with the growth of the polycarbonate market, the demand for cumene is expected to rise, during the forecast period.
Asia-Pacific is the Dominating Region
In terms of consumption in 2017, Asia-Pacific held the largest share. The demand for cumene in countries including China, India, and Indonesia are expected to rise at a great pace owing to the increasing demand for phenol and acetone, owing to growing automotive and construction industry in the abovementioned countries. However, the harmful effects of cumene on extended exposure may hamper the market growth to a certain extent in the region during the forecast period.
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Scope of the Report:
The report analyses Cumene market, which includes –
- Analysis of the growth of Cumene market in global and regional level including Asia-Pacific, Americas, and EMEA.
- The report provides Cumene market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
- The report offers country level Cumene market volume and value by end-user segment for the period 2012-2023.
- Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Cumene market are discussed.
- The report provides competitive landscape at country level for the year 2018. It also covers key policies and initiatives, key deals, and key upcoming projects.
Highlighted points of Cumene Market Report:
- Varying dynamics of the Cumene industry.
- Prospective changes in sales volumes and worldwide share growth in upcoming years (2018-2023).
- Cumene market report recognizes the key drivers of growth and challenges of the key industry players.
- Competitors profiles along with product description, overview, and business data.
- A complete analysis of market risks, opportunities, limitations, and growth of the market.
- Market driving and restraining factors.
- Delivers information on the historical and current market size and the future potential of the market.
- Cumene market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.
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Reasons to Purchase Cumene Market Report:
- The report analyses how stringent emission control norms will drive the global Cumene market.
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
- Study on the product type that is expected to dominate the market.
- Study on the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major Cumene market players.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
In this study, the years considered to estimate the market size of Cumene:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2023
Look into Table of Content of Cumene Market Report @ https://www.360marketupdates.com/TOC/12885297#TOC
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Mr. Ajay More
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