The acetone market is expected to witness a CAGR of approximately 3.66% during the forecast period, 2018-2023. The major drivers of the market are rise in demand for the use of methyl methacrylate in LCDs for consumer electronics market, increasing use of methyl methacrylate in medical (dental) industry to build bridges and crown, growing demand for epoxy resins in wind energy. Increasing industrialization in developing countries, use of polycarbonate in the vehicle industry, which is produced with the use of bisphenol-A has led to increase in use of acetone, which is expected to boost the demand of acetone during the forecast period.
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Acetone is used as a direct solvent and as a pioneer to methyl methacrylate, methacrylic acid, and bisphenol-A, and aldol chemicals. Other usages include laboratory, cosmetic, medical, and domestic uses, automotive, pharmaceuticals, electronics, adhesives, paints & coatings, metal cleaning, agricultural chemicals, rubber & polymer, metal cleaning, and printing inks.
By product type, the market is segmented into 96%, 96%, 99% pure acetone.
In terms of application, Methyl Methacrylate (MMA) is expected to grow at a good rate because of increasing usage in cosmetics for artificial nail products, especially in Asia-Pacific economies. The demand for bisphenol-A is expected to grow at a moderate rate because of increasing regulations on its usage.
Regionally, Asia Pacific was the largest revenue generating region which is attributed to the development of automotive and electronics sector in developing economies, such as India, China, Indonesia and Malaysia.
Some of the key players operating in this market include INEOS Phenol Company, Mitsui chemicals, U.S. chemicals, DOW chemicals, shell, Minda, Formosa chemicals, Sunoco and others.
Key Benefits of the Report:
* Global, Regional, Country, Application, and Deployment Market Size and Forecast from 2016-2026
* Detailed market dynamics, industry outlook with market specific PESTLE, Value Chain, Supply Chain, and SWOT Analysis to better understand the market and build strategies
* Identification of key companies that can influence this market on a global and regional scale
* Expert interviews and their insights on market shift, current and future outlook and factors impacting vendors short term and long term strategies
* Detailed insights on emerging regions, deployment & application, and competitive landscape with qualitative and quantitative information and facts Target Audience: * Acetone providers * Traders, Importer and Exporter * Raw material suppliers and distributors * Research and consulting firms * Government and research organizations * Associations and industry bodies
Global Acetone Industry is spread across 121 pages, profiling 8 companies and supported with tables and figures. Inquire more or share a question if any before the purchase on this report @ https://www.orianresearch.com/enquiry-before-buying/615506
The market is derived through extensive use of secondary, primary, in-house research followed by expert validation and third party perspective like analyst report of investment banks. The secondary research forms the base of our study where we conducted extensive data mining, referring to verified data sources such as white papers government and regulatory published materials, technical journals, trade magazines, and paid data sources.
For forecasting, regional demand & supply factor, investment, market dynamics including technical scenario, consumer behavior, and end use industry trends and dynamics , capacity production, spending were taken into consideration.
We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.
The market estimates and forecasts have been verified through exhaustive primary research with the Key Industry Participants (KIPs) which typically include:
* Original Equipment Manufacturer,
* Component Supplier,
* Government Body & Associations, and
* Research Institute
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TABLE OF CONTENT
1 Executive Summary
2 Methodology And Market Scope
3 Acetone Market — Industry Outlook
4 Acetone Market Product Outlook
5 Acetone Market Application Outlook
6 Acetone Market Regional Outlook
7 Competitive Landscape
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