Surging demand for acetone as a solvent is one of the significant factors influencing market growth.
Market Size – USD 20.76 billion in 2018, Market Growth – CAGR of 3.7%, Market Trends – Growing use of Cumene in adhesive and sealant chemicals
The global Cumene Market is expected to reach USD 29.04 Billion by 2027, according to a new report by Reports and Data. Cumene is used as a raw material in the production of phenol, which finds extensive application in the plastic industry as a starting material in the polymerization reaction for producing various types of plastics. It is used to produce a broad range of polymers which are used to synthesize epoxide resins and polycarbonates used in the manufacturing of plastics.
The report systematically segments the market to provide a more in-depth understanding of the market’s distinctive aspects. Besides inspecting the financial positions of the leading companies in this industry, the report carefully evaluates the gross profits, revenue shares, sales volume, manufacturing costs, individual growth rate, and numerous other financial ratios of these market players. Reports and Data’s expert team of researchers have vividly pictured the global market scope over the projected timeline and analyzed the growth prospects of the new market entrants leveraging a set of advanced analytical tools, including the SWOT analysis, Porter’s Five Forces Analysis, and investment assessment.
The key market players profiled in the report:
Royal Dutch Shell PLC, ExxonMobil Corporation, BASF SE, Dow Chemical Company, JXTG Holdings, China Petroleum & Chemical Corporation, INEOS Group, Borealis, Sinopec Group Ltd., and LG Chem Ltd., among others.
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Global Cumene Market: Competitive Landscape
The global Cumene market is highly competitive in nature. The report conducts a precise study of the functioning mechanisms of the global Cumene market’s leading contenders. Industry experts have observed a wide array of business growth strategies employed by these industry players that enable them to accrue significant shares of the global market and further fortify their market positions. This section of the report thus emphasizes the fundamental strategic initiatives, such as new business deals, collaborations, joint ventures, mergers & acquisitions, and technological upgradation, undertaken by these players to build a valuable market standing. The global Cumene market report studies the company profiles of these market players in detail to enable readers to gain meaningful insights into this industry’s emerging growth and development prospects.
Raw Materials Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
Production Method Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
Applications Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
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Key Takeaways from the Global Cumene Market report:
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Market Segmentation by Regions:
Global Cumene Market: Table of Contents
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2027
Chapter 3. Indicative Metrics
Chapter 4. Cumene Segmentation & Impact Analysis
4.1. Cumene Material Segmentation Analysis
4.2. Industrial Outlook
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