Cumene Market Growing Rapidly During 2019-2023

Cumene Market 2019 Global Size, Share, Trends, Key Players and Forecast to 2023

PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)

Cumene Market 2019 Cumene Market 2019: Global Size, Share, Trends, Key Players and Forecast to 2023 The global cumene market is majorly driven by its application as a chemical intermediate to produce phenol and acetone.

The phenol and its derivatives produced from cumene accounted to have the major share due to wide applications in various end-use industries such as electrical & electronics, automotive, paints & coatings, cosmetics, and others. The cumene is further used as a solvent for paints, lacquers, and enamels which find their uses in automotive and furniture. The various technology to manufacture cumene include into zeolite catalyst based, solid phosphoric acid, and aluminum chloride. Among these, the cumene production with the zeolite as a catalyst is the leading segment under the production technology category due to its regenerative nature which can be used for several cycles. Additionally, the use of zeolite reduces the water disposable problems associated with solid phosphoric acid, and aluminum chloride. Moreover, the use of cumene as a component of high fuel octane is further driving the market growth due to its application in automotive and transportation sector.

2

www.marketresearchfuture.com

Cumene Market 2019 Segmental Analysis The global cumene market is segmented on the basis of the product, production technology, application, and region.

By the product, the global cumene market is categorized into phenol and acetone.

Based on the production technology, the global cumene market is further segmented into zeolite catalyst based, solid phosphoric acid, and aluminum chloride.

The application segment of the global cumene market is segregated into chemical intermediate and solvent.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/cumene-market-5745

3

www.marketresearchfuture.com

Hot Melt Adhesives Market 2019 Major Players in this Research: Key Players for Cumene Market: • Henkel AG & Co. KGaA (Germany), • Arkema (France), • Dow Corning Corporation (U.S.A.), • H.B. Fuller Company(U.S.A), • RPM International Inc. (U.S.A.), • Huntsman International LLC. (U.S.A.), • Sika AG (Switzerland), • The 3M Company (U.S.A), • the Dow Chemical Company( U.S.A.)

Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/5745 4

www.marketresearchfuture.com

Cumene Market 2019 Regional Market Analysis The global cumene market is segmented into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific is anticipated to lead the global cumene market owing to the high demand for phenolic based products from electronics, automotive, paints & coatings, and end-use industries. Developing countries such as China, India, and Japan are the major contributors to the regional market due to the growing demand for electronics and automotive along with the high disposable income.

Furthermore, regulations such as “Globally Harmonized System of Classification and Labelling of Chemicals” (GHS) implemented in 11 Asia Pacific countries including China, Japan, South Korea, and Singapore among others to enhance human and environmental health protection while handling such chemicals. North America is likely to witness a considerable market growth owing to the growing demand from the electronics sector. The high level of disposable income and luxurious lifestyle are likely to drive the cumene market in this region. Furthermore, the U.S. Food and Drug Administration has listed acetone as an indirect food additive and identified it as “Generally Recognized as Safe” (GRAS) up to certain concentrations.

The European market is mainly driven by the increasing demand for cumene from the plastic and composites industries from major western countries such as Germany, Italy, and France. Mexico is driving the regional market in Latin America due to the high demand from the automotive sector.

Lastly, the Middle East & Africa is expected to showcase a considerable market growth due to increasing demand for consumer electronics in this region.

Enquire now @ https://www.marketresearchfuture.com/enquiry/5745 5

www.marketresearchfuture.com

ABOUT US MARKET RESEARCH FUTURE At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), ContinuousFeed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

For more information kindly visit www.marketresearchfuture.com or contact us at info@marketresearchfuture.com

Copyright Š 2018 Market Research Future All Rights Reserved. This document contains highly confidential information and is the sole property of Market Research Future. No part of it may be circulated, copied, quoted, or otherwise reproduced without the written approval of Market Research Future.

6

www.marketresearchfuture.com

MARKET RESEARCH FUTURE THANK YOU

salesteam@marketresearchfuture.com Ph: +1-646-845-9349 (US)

Ph: +44 208 133 9349 (UK)

7

www.marketresearchfuture.com