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DHAVAL CHAUDHARY
JAI BASSI
AMLENDU KUMAWAT
AYUSH AGARWAL :P
Introduction
The Global Cumene market was valued at $15.4 Billion in 2012, and is
projected to reach $24.1 Billion by 2018, at a CAGR of 6.7%.
12.4 MT of cumene was consumed globally in 2012, and this demand
is expected to reach 17 MT by 2018, at an estimated CAGR of about
5.1%, for the given period.
Key Players: BASF SE, BP PLC (U.S), Total S.A., Exxonmobil Corp, The
Dow Chemical Company, CPCC, CNPC, JX Nippon Oil and Energy
Group, Royal Dutch Shell PLC and SABIC
Drivers and Challenges:
Growing Demand for Phenol
Volatile crude prices
Increasing demand and capacity in China