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Global Cumene Market was valued at $16,330 million in 2015, and is expected to reach $25,089 million by 2022, supported by a CAGR of 6.5% during the forecast period 2016 to 2022
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Cumene Market by Application (Phenol/Acetone and Others) - Global Opportunity Analysis and Industry Forecast, 2014-2022
Introduction: Global Cumene Market was valued at $16,330 million in 2015, and is expected to reach $25,089 million by 2022, supported by a CAGR of 6.5% during the forecast period 2016 to 2022. Cumene in chemical form is known as isopropyl benzene, an organic compound based on aromatic hydrocarbons with aliphatic substitution. It is a flammable and colorless liquid with high boiling points of around 152°C, and is a constituent of crude oil and refined fuels. Industrially, cumene is manufactured by Friedel Crafts alkylation method. It is converted into an intermediate known as cumenehydroperoxide for further applications.
Segment Review The global cumene market is segmented based on application and geography. On the basis of application, it is classified into phenol/acetone and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for more than 45% share of the total revenue in 2015, followed by Europe and North America. The developing countries in Asia-Pacific are anticipated to register steady growth rates, owing to increase in growth of the overall economy. Moreover, rise in investments by key manufacturers is another key aspect that fuels the market growth. Get Sample Report: https://www.alliedmarketresearch.com/request-sample/1984
Key Players: • Royal Dutch Shell Plc. • Exxon Mobil Corporation • Total S.A. • BP Plc. • Sumitomo Chemical Co. • Axiall Corporation • SABIC • BASF SE • The Dow Chemical Company • JX Nippon Oil. Read More: https://www.alliedmarketresearch.com/cumene-market
Key Benefits of Cumene Market: • The report provides extensive qualitative and quantitative analyses of the current trends and future estimations of the global cumene market from 2014 to 2022 to determine the prevailing opportunities. • It offers comprehensive analysis of key regions, such as North America, Europe, Asia-Pacific, and LAMEA, to understand the regional trends. • In-depth analysis of factors that drive and restrict the growth of the market is provided. • Extensive analysis is conducted by following key product benchmarking, positioning, and monitoring the top competitors within the global market. • It offers key insights on strategic analysis of various companies and the value chain analysis of cumene.
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