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. 

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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.

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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).