Acetone Market: Asia Pacific Excluding Japan (APEJ) Fastest Growing Market

VALLEY COTTAGE, New York, October 25, 2016 /PRNewswire/ --

Future Market Insights delivers key insights on the global acetone market in a new publication titled, 'Acetone Market: Global Industry Analysis and Opportunity Assessment, 2016 - 2026'. The global consumption of acetone was estimated to be approximately 6.1 million tons in 2015 and is projected to register a CAGR of 5.0%, reaching a market value of US$ 7.3 Bn by the end of the forecast period (2016-2026). In this report, Future Market Insights analyses the factors and trends impacting the growth of the global acetone market. 

     (Logo: http://photos.prnewswire.com/prnh/20161020/430874LOGO )

Acetone is primarily used as a precursor to methyl methacrylate (MMA), for the production of acetone cyanohydrin (chemical intermediate). Around 80% of the world's MMA is consumed by the automotive industry, construction activity, and original equipment manufacturers (OEMs). 50%-60% of MMA production capacity is consumed to manufacture PMMA polymethyl methacrylate resins or surface coatings. There is a huge market demand for PMMA in the production of electronics items such as mobile phone screens, monitors and LCD screens, TV and video equipment etc. The use of acetone in the production of MMA in the automotive and electronics industries is the main driving factor for the growth of the global acetone market. Acetone is also used as a raw material, chemical intermediate, and as a solvent in various end-use industries including rubber and polymer, adhesives, metal cleaning, electronics, printing inks, paints and coatings, automotive, pharmaceuticals, agricultural chemicals, etc. Increasing use of polycarbonate is one of the major growth drivers of the global acetone market.

Request a Sample Report with Table of Contents and Figures: http://www.futuremarketinsights.com/reports/sample/rep-gb-276

However, due to rising environmental concerns, development of green solvents and bio based solvents are emerging as an attractive replacement for acetone and increasing use of water based solvent in paints and coatings may hamper the growth of the global acetone market.

Segmentation highlights 

The global acetone market is segmented on the basis of Application (Methyl Methacrylate, Bisphenol-A, Solvents, Others (Aldol Chemicals, etc.)) and End-use industry (Chemical & Allied Products, Pharmaceutical Drugs, Cosmetics & Personal Care Use).

• The Solvents application segment is estimated to increase at a value CAGR of 5.3% over the forecast period, creating a total incremental opportunity of US$ 1,169.3 Mn between 2016 and 2026.
• The Chemical and allied products end-use segment is projected to register a growth rate of 5.1% in terms of value over the forecast period. This segment is also expected to hold disproportionately large shares in the global acetone market throughout the forecast period, accounting for 80.4% of the total incremental opportunity created between 2016 and 2026.

Preview Analysis on Global Acetone Market Segmentation By Application - Methyl Methacrylate (MMA), Bisphenol-A, Solvents, Others (Aldol chemicals, etc.); By End-Use Industry - Chemical and allied products (Agricultural chemicals, Paints and coatings, Rubber processing, Polymer and resin processing, Adhesives, Printing Ink), Pharmaceutical drugs, Cosmetics and personal care use: http://www.futuremarketinsights.com/reports/acetone-market

Regional market projections 

The global acetone market is segmented into seven key regions namely North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and Middle East and Africa. APEJ is expected to register the fastest growth among all regions in the global acetone market. The region is anticipated to strengthen its market value share from 39.9% in 2016 to 43.4% by 2026 end. With APEJ (led by China) becoming the major market for acetone end-use industries, demand is expected to remain high throughout the forecast period. North America and Western Europe are witnessing a steady improvement in the acetone market, registering a CAGR of 4.7% and 4.3% respectively during the forecast period.

Speak with Analyst for any Report Related Queries: http://www.futuremarketinsights.com/askus/rep-gb-276

Vendor insights 

The global acetone market report covers detailed profiles of key players operating in the global acetone market. The report presents key strategies, key developments, product offerings, and market performance of leading companies. Major players reported in this study of the global acetone market include INEOS Phenol, Royal Dutch Shell PLC, Sasol, The Dow Chemical Company, Mitsui Chemicals, Inc., Hindustan Organic Chemicals Limited, Domo Chemicals, Honeywell International, Inc., Formosa Chemicals and Fiber Corporation, and CEPSA Quimica.

More From FMI's Cutting-edge Intelligence: 

• Graphite Market Segmentation By Product - Natural Graphite and Synthetic Graphite; By Application - Refractories, Lubricants and Crucible, Foundry Facing, Batteries and Others: http://www.futuremarketinsights.com/reports/graphite-market

• Germany Acid Proof Lining Market By Material Type - Ceramic Brick Lining, Carbon Brick Lining, Tile Lining, Thermoplastic Lining, Fluoropolymer Lining; By End-use Industry - Power Generation, Chemicals, Pharmaceuticals, Petrochemicals, Metallurgy, Water Treatment & Processing: http://www.futuremarketinsights.com/reports/germany-acid-proof-lining-market

• Magnesium Oxide Market Segmentation By Product Type - Dead Burned Magnesia, Caustic Calcined Magnesia and Fused Magnesia; By Application - Industrial, Refractory, Agricultural and Others: http://www.futuremarketinsights.com/reports/magnesium-oxide-market

About Us 

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

Browse More Chemicals & Materials Market Insights: http://www.futuremarketinsights.com/reports/category/chemicals-materials

Contact Us
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): +44 (0) 20 7692 8790
Sales: [email protected]
[email protected]

Website: http://www.futuremarketinsights.com

SOURCE Future Market Insights