Cumene Market Growing vigorously with top key players like – Royal Dutch Shell Plc., Exxon Mobil Corporation, Total S.A., BP Plc., Sumitomo Chemical Co.

Global Cumene Market report from Global Insight Services is the single authoritative source of intelligence on Cumene Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Cumene is an organic compound with the molecular formula C6H5CH(CH3)2. It is a colorless liquid with a sweet, almond-like odor. It is produced by the alkylation of benzene with propylene. Cumene is used as a solvent and as a raw material for the production of phenol and acetone. Phenol is used in the production of plastics, resins, and adhesives. Acetone is used as a solvent and as a raw material for the production of polymers and other chemicals.

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Key Trends

Cumene technology is constantly evolving and becoming more efficient. The key trends in cumene technology are:

1. Increasing the efficiency of the production process
2. Developing new and more efficient catalysts
3. Finding new and more cost-effective feedstock sources
4. Improving the quality of the final product

Key Drivers

There are a few key drivers for the cumene market.

The first driver is the growth in the demand for phenol. Phenol is used in a variety of industries, including the production of plastics, adhesives, and resins.

The second driver is the growth in the demand for acetone. Acetone is used as a solvent in a variety of industries, including the pharmaceutical and cosmetics industries.

The third driver is the availability of feedstock. Cumene is produced from benzene and propylene, which are both readily available feedstocks.

Market Segments

The Cumene Market is segmented by production technology, application, and region. Depending on production technology, the market is categorized into zeolite, solid phosphoric acid, and aluminum chloride. On the basis of application, it is segmented into phenol, acetone, and others. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

The Cumene Market includes players such as Royal Dutch Shell Plc., Exxon Mobil Corporation, Total S.A., BP Plc., Sumitomo Chemical Co., Axiall Corporation, SABIC, BASF SE, The Dow Chemical Company, and JX Nippon Oil.

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