Global Cumene Market Analysis By 2022| Top Company Are Royal Dutch Shell Plc, Ex

Posted by pooja on May 31st, 2019

 The demand for efficient and inexpensive thinners is increasing, owing to growth in paints & coatings industry globally. Moreover, rise in demand for phenolic resins and phenol-based composites & plastics across wide number of end-use industries provide lucrative opportunities for players in the global cumene market.

 

Cumene Market Report, published by Allied Market Research, forecasts that the global market was valued at ,330 million in 2015, and is expected to reach ,089 million by 2022, supported by a CAGR of 6.5% during the forecast period 2016 to 2022. The phenol/acetone segment accounted for the highest share in the global market in 2015.

Access Full Summary at: https://www.alliedmarketresearch.com/cumene-market

Cumene is a clear and colorless liquid with an aromatic odor, and is a constituent of finished fuels and crude oil. It has a molecular weight of 120.2 (g/mol) with a boiling point of 152153C and melting point of -96C. It is used in petroleum products, and as a thinner for paints, lacquers, enamels, and high octane fuels, and production of acetophenone, acetone, methylstyrene, and phenol. In addition, it is used in the production of acetophenone, acetone, methylstyrene, and phenol.

Key players have economically made high capital investments in R&D activities to develop advanced products to cater to the requirements of the market. These players operating in the industry include 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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Joined: May 29th, 2019
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