Latest Advancement in Global Cumene Market Forecast 2018-2023

Cumene

Global Cumene Market Research Report 2018 presents an in-depth assessment of the Cumene Market providing quantitative information about the market size, key market segments and manufacturer in terms of revenue, production and growth rate from 2018 to 2023. The Cumene Market report also provides qualitative information about the technologies, key trends, market drivers, regulatory landscape, deployment models, opportunities, value chain and market strategies.

The Onerous Demand Of Global Cumene Market report enables the buyer of the report to gain a telescopic view of the competitive landscape and plan the strategies accordingly. A separate section with Cumene industry key players is included in the report, which provides a comprehensive analysis of price, cost, gross, revenue, product picture, specifications, company profile, and contact information.Development and Trend Research plays an Important role towards the innovation in any given industry which require to execute. Additionally, performing research and development offers a competitive advantage over the competitors owing to regular introduction of products and prototypes to attract consumers. This is expected to have a positive impact on the Cumene market growth over the forecast period.

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The global cumene market is expected to witness a CAGR of approximately 4.8%, during the forecasted period. The major factor driving the market is the growing demand for phenol from plastics and composites applications.

Rising Demand for Phenol

Cumene is a flammable and colorless liquid and a constituent of refined fuels and crude oil. It is made primarily for phenol and acetone production, which consume more than 90% of all cumene. Therefore, cumene has a close dependency on phenol. The growing demand for phenol from plastics and composites segment has significantly increased the demand for cumene. Hence, this is one of the major driving factors for the market during the forecast period. However, the extended exposure of cumene causes harmful effects to human, which may hinder the market growth to a certain extent.

Growing Demand for Polycarbonate

Cumene is majorly required in the manufacturing of polycarbonate. Polycarbonate has been one of the booming markets with steady growth. PC resins are significantly consumed in automotive industry. Thus, with the consistent growth in the automotive industry, globally, the demand for PC is expected to increase and growth trend is expected to continue during the forecast period. Therefore, with the growth of the polycarbonate market, the demand for cumene is expected to rise, during the forecast period.

Asia-Pacific is the Dominating Region

In terms of consumption in 2017, Asia-Pacific held the largest share. The demand for cumene in countries including China, India, and Indonesia are expected to rise at a great pace owing to the increasing demand for phenol and acetone, owing to growing automotive and construction industry in the abovementioned countries. However, the harmful effects of cumene on extended exposure may hamper the market growth to a certain extent in the region during the forecast period.

Key Developments in the Market

July 2017: INEOS Phenol planned for ‘world-scale’ cumene plant in Germany with a potential start-up date of 2020

Major Players – AkzoNobel NV, BASF SE, Olin Corporation, Tata Chemicals Limited, and DowDuPont, amongst others.

Reason to Purchase this Report

Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating process type and filler used in the market
Countries expected to witness the fastest growth during the forecast period
Identifying the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet in excel

Customization of the Report

This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs

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Cumene Market Forecast 2018-2023

The Cumene industry research report analyses the supply, sales, production, and market status comprehensively. Production market shares and sales market shares are analysed along with the study of capacity, production, sales, and revenue. Several other factors such as import, export, gross margin, price, cost, and consumption are also analysed under the section Analysis of Cumene production, supply, sales and market status.

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Price of Cumene Market Report (single User Licence): $ 4250

Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.

 

 

 

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