The new report by Expert Market Research titled, ‘Europe Cumene Market Report and Forecast 2021-2026’, gives an in-depth analysis of the Europe cumene market, assessing the market based on its segments like applications, manufacturing process and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
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The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): 15 MMT
- Forecast CAGR (2021-2026): 4% (Global Cumene Market)
The major factors driving the market analyzed include rising phenol demand from the plastics industry and the acetone use as a solvent. The automobile sector also saw a drop in production and sales as a result of the pandemic, which impacted the cumene market.
Industry Definition and Major Segments
Cumene (isopropylbenzene) is an aromatic hydrocarbon with aliphatic substituents. It is used in crude oil and refined fuels alike. It is a colorless, flammable liquid with a boiling point of 152 degrees Celsius.
The product finds wide applications in the following:
- Phenol
- Acetone
- Others
By manufacturing process, the market is segmented into:
- Zeolite Catalysts
- Aluminium Chloride Catalyst
- Solid Phosphoric Acid (SPA) Catalyst
- Others
The regional markets for cumene in Europe include Germany, the United Kingdom, France, and Italy, among others.
Market Trends
The additional demand of methyl methacrylate (MMA) and BPA contributes to the increasing market for acetone. The rising demand for MMA in the construction industry to produce acrylic sheets is propelling the cumene market forward in Europe. The growing market for laminates and plastics is also driving up demand for cumene. Cumene’s industry development is also being aided by increasing demand for adhesives and sealants in Europe.
Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/europe-cumene-market
Key Market Players
The major players in the market are Petrochemicals Europe, Domo Chemicals GmbH, Royal Dutch Shell Plc, Borealis AG, Cepsa, among Others. The report covers the market shares, capacities, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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