Global CumeneMarket is expected to reach USD 28.2 billion by 2025. Cumene is also termed as is opropyl benzene, 1-methylethyl benzene, or 2-phenylpropane, is an organic compound with a molecular formula C9H12 and molecular weight 120.195 g/mol. It is volatile liquid and colorless with a gasoline like odor and may be used as a combination constituent in gasoline. It is a natural constituent of crude oil and coal tar. It is exclusively used for manufacturing Acetone and Phenol, two chemicals that are exclusively used to make plastics. The cumene market is estimated to grow at a significant CAGR of 4.6 % over the forecast period as the scope and its applications are rising enormously across the globe. Increasing demand for acetone and phenol in several end use industries and environmental policy registered with VAM in developing countries are documented as major factors of cumene industry that are estimated to enhance the growth in the years to come. However, hazardous effects of Cumen...
Market research is an organized effort to gather information about target markets and customers: know about them, starting with who they are. It is a very important component of business strategy and a major factor in maintaining competitiveness