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<strong>Acetone</strong> <strong>Market</strong> Size, Share, Outlook & Forecast<br />
2018-2023<br />
Industry Survey, Growth, Competitive Landscape<br />
and Forecasts to 2023<br />
PREPARED BY<br />
<strong>Market</strong> Research Future<br />
(Part of Wantstats Research & Media Pvt. Ltd.)
<strong>Market</strong> Overview / Study Objective / Synopsis<br />
<strong>Acetone</strong> is a clear, colorless, volatile fluid with a sweet scent. <strong>Acetone</strong> is most<br />
commonly prepared by means of cumene peroxidation, as a coproduct with phenol. Its<br />
fundamental substance in the production of acetone cyanohydrin for methyl<br />
methacrylate (MMA), bisphenol A (BPA). It has applications such as heavy metal<br />
degreaser, cleaning tools and chemical peeling in the pharmaceuticals, personal care,<br />
paints & coatings, plastics and construction end use industries.<br />
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Competitive Analysis<br />
As per our analysis, direct solvent applications account for a large portion of world<br />
demand. MMA is having the second highest global market share and followed by<br />
bisphenol A. The largest end use for MMA is PMMA (polymethyl methacrylate).<br />
PMMA resins are used to produce acrylic sheet and acrylic molding and extrusion<br />
compounds.<br />
Commercial, residential, and nonresidential construction, and remodeling are the<br />
largest markets for acrylic sheet.The construction, automotive, and computer<br />
segments are now seen as key growth markets by polycarbonate manufacturers.<br />
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<strong>Acetone</strong> <strong>Market</strong> Research Report – Global Forecast to 2023<br />
Top 10 Global key Players & Their Strategy<br />
INEOS (Switzerland),<br />
The Royal Dutch Shell plc (the Netherlands),<br />
Formosa Chemicals & Fiber Corporation (China),<br />
Prasol Chemicals Pvt. Ltd. (India)<br />
EMCO Limited (India) among others.<br />
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Segmentation Analysis<br />
The global aromatics market is segmented into type and application. On the basis of<br />
product, the market is segregated into benzene, toluene, o-xylene, p-xylene, and<br />
rubber segments. The market by application is further categorized into paints &<br />
coating, automotive, pharmaceuticals, oil & gas, chemicals, and others.<br />
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Regional Analysis<br />
The global acetone market consists of five regions: Asia Pacific, Europe, Latin<br />
America, North America, and the Middle East & Africa. Among these, Asia Pacific is<br />
predicted to grow with the highest CAGR during the review period, 2017 to 2023<br />
on account of expanding paints & coatings and construction industries. Rising<br />
middle class population and their increasing expenditure on improving the living<br />
standards is expected to increase furthermore in the forecast period.The acetone<br />
market is predicted to increase in numerous countries of the Asia Pacific such as<br />
China, India, Japan and Indonesia due to increasing urbanization and population is<br />
anticipated to drive the market in the forecast period.<br />
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