Global Cumene Market To 2020 – Industry Analysis, Market Size, Competitive, Trends: Acute Market Reports

New Market Research Reports Title “Global Cumene Market To 2020 – Industry Analysis, Market Size, Competitive, Trends: Acute Market Reports” Has Been Added to AcuteMarketReports.com Report Database.

The Asia-Pacific region has rapidly emerged as the largest cumene global market. The moderately developed Japanese market also accounts for a substantial share in the global cumene market in Asia-Pacific region. China is going through large capacity additions in the form of aromatic plants (phenol derivatives) which has increased the cumene market in Asia-Pacific region. South Korea and India are expected to make major contributions to cumene demand in near future.

View Full Report with TOC at:
http://www.acutemarketreports.com/report/cumene-market-size

One of the most common drivers in the global cumene market is the increasing demand and capacity of cumene in various regions such as China. Further, growing demand for phenol is a major driver in the cumene market. Demand within the global cumene market has increased over the last decade as a result of increased consumption of acetone derivatives market worldwide. End-use industries such as bisphenol-A, polycarbonate and phenolic resins have registered growth in respective end-use sectors, which has increased the demand of cumene in the form of phenol.

Cumene or isopropyl-benzene is an inflammable organic compound that is based on an aromatic hydrocarbon with an aliphatic substitution. It is a constituent of crude oil and refined fuels. It is used industrially as a base chemical to create cumene hydroperoxide in order to produce two commercially essential chemicals, acetone and phenol. Cumene is used in adhesives and sealant chemicals, as well as in fuels and fuel additives. It is also used as a solvent in lacquers, paints and enamels and in the production of high-octane production fuels.

For cumene production, the zeolite catalyst-based technology is the most widely used. Older methods are also used for facilitating cumene production, which includes technologies based on aluminum chloride and solid phosphoric acid catalyst. Nearly all the cumene that is produced as a pure compound on an industrial scale is converted to cumene hydroperoxide, which is an intermediate product in the synthesis of other industrially important chemicals, primarily acetone and phenol.

On the basis of applications the global cumene market can be divided into two segments; acetone/phenol and others.

Cumene is released in the environment as a result of its production and processing from petroleum (crude oil) refining. Therefore, consumption of contaminated food or water and the inhalation of contaminated air from the evaporation of petroleum products are the two most probable forms of human exposure to cumene. Hence, excessive exposure to cumene can cause health risks such as skin irritation, headache and slight incoordination which are a major obstruction in the cumene market. Volatile crude oil prices and growing sustainable packaging are expected to hinder the market for cumene in some regions. Various alternative phenol processes that bypass acetone have been developed, that typically involve benzene-to-phenol conversion, using different catalysts. However, these new processes are not expected to affect cumene demand in the near future due to their complexity.

Major competitors in the global cumene market are China Petroleum & Chemical Corp. (SNP), Axiall Corporation, Shell Corp. LLC,. INEOS Group Holdings SA. Some other prominent competitors in this market include -ARAMCO SERVICES COMPANY, China National Petroleum Corporation, Domo investement group, BP p.l.c, Braskem, CEPSA, The Dow Chemical Company, Eni SpA, Chang Chun Plastics Co., LTD., Chevron Corporation, Exxon Mobil Corporation, FLINT HILLS RESOURCES, LP, MITSUI & CO., LTD., Sunoco, Guangzhou VA-SO Plastics Co.,Ltd., Sumitomo Chemical Co., Ltd. and many more.

Browse All Reports of This Category at:
http://www.acutemarketreports.com/category/chemicals-market

Report Coverage

Provides comprehensive understanding of the market with the help of informed market outlook, opportunities, challenges, trends, size and growth, competitive analysis, major competitors and Porter analysis
Identifies the key drivers of growth and challenges of the key industry players. Also, assesses the future impact of the propellants and restraints on the market
Uncovers potential demands in the market
Porter analysis identifies competitive forces within the market
Provides information on the historical and current market size and the future potential of the market
Provides sizes of key regional markets using yardsticks of processes, segments, products, end user and technology, etc (as applicable)
Highlights the competitive scenario of the market, major competitors, market share, benchmarking, investments and merger acquisitions
Provides profiles of major competitors of the market including details of their operations, product and services, recent developments and key financial metrics. Profiles provide better understanding of competition as well as the demands of the market.

About Acute Market Reports

Acute Market Reports is the most sufficient collection of market intelligence services online. Acute Market Reports provide online reports from over 100 best publishers and upgrade Acute Market Reports collection regularly to offer direct online access to the world’s most comprehensive and recent database with expert perceptions on worldwide industries, products, establishments and trends. Acute Market Reports database consists of 200,000+ market research reports with detailed & minute market research.

For More Information, Visit Acute Market Reports

Logo: http://www.abnewswire.com/pressreleases/wp-content/uploads/2015/09/1443422209.jpeg

Media Contact
Company Name: Acute Market Reports
Contact Person: Chris Paul
Email: sales@acutemarketreports.com
Phone: +1-855-455-8662
Address:Office No 01, 1st Floor, Aditi Mall, Baner
City: Pune
State: Maharashtra
Country: India
Website: http://www.acutemarketreports.com/report/cumene-market-size

Source: ABNewswire

ReleaseID: 38679