The global cumene market is expected to reach USD 29.04 Billion by 2027, according to a new report by Reports and Data. Cumene is used as a raw material in the production of phenol, which finds extensive application in the plastic industry as a starting material in the polymerization reaction for producing various types of plastics. It is used to produce a broad range of polymers which are used to synthesize epoxide resins and polycarbonates used in the manufacturing of plastics.

The most substantial derivative of phenol is bisphenol-A (BPA), which is used in the production of polycarbonate (PC) plastics. Polycarbonates are used in automotive applications as a substitute for traditional materials comprising glass and metals. Moreover, glazing and sheet applications, including security and glazing outlets, are important polycarbonate applications. The third-largest use for this plastic is optical media like CDs and DVDs.

Request Free Sample: https://www.reportsanddata.com/sample-enquiry-form/2364

Increasing demand for acetone is estimated to drive the market demand in the forecast period. The developing nations in the Asia Pacific and Latin America regions are likely to offer substantial growth opportunities for the cosmetics industry. Acetone is popular as the primary ingredient in nail polish remover. Moreover, cosmetic products, including makeup and skin creams, comprise acetone as a solvent to provide different chemicals.

Further key findings from the report suggest

  • By raw materials, benzene contributed to a larger market share in 2018 and is expected to grow at a rate of 3.4% in the forecast period.
  • By application, phenol held the largest market share in 2018 and is expected to grow at a rate of 3.5% in the forecast period. Phenol is used in industries such as raw material to produce plastics, explosives like picric acid, and drugs, for instance, aspirin. The common phenol hydroquinone is the constituent of photographic developer that is used in the reduction of exposed silver bromide crystals to black metallic silver.
  • Additionally, increased investments by leading market players along with a rise in the level of the disposable income of people in the region are causative of the growth of the market.
  • Key participants include Royal Dutch Shell PLC, ExxonMobil Corporation, BASF SE, Dow Chemical Company, JXTG Holdings, China Petroleum & Chemical Corporation, INEOS Group, Borealis, Sinopec Group Ltd., and LG Chem Ltd., among others.
  • By production method, the zeolite catalyst-based production method dominated the market in 2018. The industrial alkylation processes for the production of cumene, most commonly use zeolites for use as catalyst owing to its eco-friendly attribute and efficiency. Zeolites diminish the formation of by-products, including n-propylbenzene and propylene oligomers, both of which reduce the quality of the final product.

For the purpose of this report, Reports and Data have segmented the global cumene market on the basis of raw materials, production method, applications, and region:

Raw Materials Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)

  • Propylene
  • Benzene

Read More: https://www.reportsanddata.com/report-detail/cumene-market

Production Method Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)

  • Aluminum Chloride Catalyst
  • Solid Phosphoric Acid (SPA) Catalyst
  • Zeolite Catalyst

Applications Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)

  • Phenol
  • Acetone
  • Others

Regional Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)

  • North America
  • U.S.
  • Europe
  • U.K
  • France
  • Asia Pacific
  • China
  • India
  • Japan
  • Latin America
  • Brazil
  • MEA

Ask For Discount: https://www.reportsanddata.com/discount-enquiry-form/2364

Thank you for taking out time to read our report. We also offer report customization according to client’s requirement. Kindly connect with us to know more about customization plan and our team will offer you the report as per the modifications.

About Us:

Our in-house experts assist our clients with advice based on their proficiency in the market that helps them in creating a compendious database for the clients. Our team offers expert insights to clients to guide them through their business ventures. We put in rigorous efforts to keep our clientele satisfied and focus on fulfilling their demands to make sure that the end-product is what they desire. We excel in diverse fields of the market and with our services extending to competitive analysis, research and development analysis, and demand estimation among others, we can help you invest your funds in the most beneficial areas for research and development.

Contact Us:

John W

Head of Business Development

Reports And Data | Web: www.reportsanddata.com/

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com