Cumene Market Size, Industry Growth and Top Leaders- Exxon Mobil Corporation; JXTG Nippon Oil & Energy Corporation.
Cumene Market Cumene can be defined as an inflammable organic compound, also known as isopropyl-benzene. The product is produced as an aromatic hydrocarbon consisting of an aliphatic substitution. It is a colourless liquid with an odour similar to that of gasoline, and is a part of crude oil and refined fuels.
This compound is utilized in various production processes of manufacturing phenol, methyl styrene, acetone and acetophenone among others. It also finds its application as a thinner for paints, enamels and lacquers while being utilized as an ingredient of motor fuels.
Market Drivers:
High growth in demand for phenol/acetone globally is expected to boost the growth of the market
Growing utilization of plastics and composites which require the usage of phenolic and acetone in the production process; this factor is expected to drive the growth of the market
Increasing demand from the paints, coatings, adhesives and sealants market is also expected to drive the growth of the market
Market Restraints:
Concerns regarding the harmful health hazards is expected to restrict the growth of the market
Concerns regarding the vulnerable nature of prices of crude oil is also expected to restrict the adoption rate of the product
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Some of the leading key players profiled in this study:
Few of the major competitors currently working in the global cumene market are Royal Dutch Shell; Exxon Mobil Corporation; JXTG Nippon Oil & Energy Corporation; Saudi Basic Industries Corporation (SABIC); Borealis AG; INEOS; Versalis; Braskem; Cepsa; DOMO Chemicals GmbH; Alfa Aesar, Thermo Fisher Scientific; American Chemistry Council, Inc.; RX MARINE INTERNATIONAL; Prasol Chemicals Pvt. Ltd.; Flint Hills Resources and Merck KGaA among others.
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Key Pointers Covered in the Cumene Market Trends and Forecast to 2026
- Cumene Market New Sales Volumes
- Cumene Market Replacement Sales Volumes
- Cumene Market Installed Base
- Cumene Market By Brands
- Cumene Market Size
- Cumene Market Procedure Volumes
- Cumene Market Product Price Analysis
- Cumene Market Healthcare Outcomes
- Cumene Market Cost of Care Analysis
- Cumene Market Regulatory Framework and Changes
- Cumene Market Prices and Reimbursement Analysis
- Cumene Market Shares in Different Regions
- Recent Developments for Cumene Market Competitors
- Cumene Market Upcoming Applications
- Cumene Market Innovators Study
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Scope of the Cumene Market
- Current and future of Cumene Market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Global Cumene MarketBy Ingredients (Benzene, Propylene), Production (Zeolite, Solid Phosphoric Acid, Aluminum Chloride), Application (Phenol, Acetone, Paints & Enamels, High-Octane Aviation Fuels, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
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