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%. 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%.
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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.
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The cumene market report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Some of the major players of the cumene market 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.
The global cumene market is segmented –
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
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The cumene market report describes and explains the global cumene market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The cumene report evaluates the market across each region and for the major economies within each region.
The countries covered in the global cumene market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global cumene market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Full Report Includes
- Executive Summary
- Report Structure
- Cumene Market Characteristics
- Cumene Market Product Analysis
- Cumene Market Supply Chain
- Key Mergers And Acquisitions In The Cumene Market
- Market Background: Machinery Manufacturing Market
- Copyright And Disclaimer
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