GlobalAcetone Market was valued US$ XX Bn in 2019 and is forecasted to reach US$XX Bn by 2027 at a CAGR of XX %.
To know about the ResearchMethodology :- Request Free Sample Report
Rise in demand for the applicationof methyl methacrylate in LCDs for consumer electronics market and increasinguse of polycarbonate in the automotive industry is estimated to be a majordriver for the market of acetone in the forecast period. Commercialization ofthe bio based acetone is estimated to create growth opportunity for the marketover the forecast period. However, fluctuation in prices of crude oil limitsthe market growth. An increasing demand for bio based acetone and strictgovernment regulations is expected to slow the market growth of acetone.Moreover, contact with acetone is dangerous for health and can causeintoxication, dizziness, nausea, unconsciousness which in turn may hamper themarket growth.
The report study has analyzedrevenue impact of covid-19 pandemic on the sales revenue of market leaders,market followers and disrupters in the report and same is reflected in ouranalysis.
Bisphenol-A is the dominantapplication segment due to its extensive usage in the automotive industry.However, demand is expected to grow at slow pace owing to increasingregulations on its usage. Methyl Methacrylate (MMA) is expected to grow at amoderate rate because of increasing usage in cosmetics for artificial nailproducts, especially in Asia-Pacific economies. Methyl Methacrylate is majorlyused in electronics and computer industries for flat screens, DVD’s, compactdiscs, and laser discs. Methyl Methacrylate is also used in conformal coatingsto provide resistance to attack and prolonging their life. Printed circuitboards are increasingly used in automotive sector.
Electronics industry is the majorend use industry of acetone market. Acetone derived methyl methacrylate is usedin electronics and computer industries for flat screens, DVD’s, compact discs,and laser discs. Methyl methacrylate is also used in printed circuit boards toprovide resistance to attack and prolonging their life. Growing demand forPCB’s is expected to drive the electronics segment growth in acetone marketduring the forecast period. Automotive is the second largest market for acetoneattributed to increased use of PCBs.
Asia-Pacific is the largest marketfor acetone grabbing a market share of nearly 46 %, and is expected to grow ata healthy rate during the forecast period. Asia Pacific was largest revenuegenerating owing to the development of automotive and electronics industries.Moreover, growing pharmaceutical sector in China and India is expected topropel the demand for acetone. North America and Europe have been largestmarket for acetone owing to the increasing demand for electrical &electronic appliances and pharmaceuticals, as well as to the increasingexpenditure in innovation in health care and cosmetic products, coupled withincreasing purchasing power.
The objective of the report is topresent a comprehensive assessment of the market and contains thoughtfulinsights, facts, historical data, industry-validated market data andprojections with a suitable set of assumptions and methodology. The report alsohelps in understanding acetone market dynamics, structure by identifying andanalyzing the market segments and project the market size. Further, the reportalso focuses on a competitive analysis of key players by product, price,financial position, product portfolio, growth strategies, and regionalpresence. The report also provides PEST analysis, PORTER's analysis, SWOTanalysis to address questions of shareholders to prioritizing the efforts andinvestment in the near future to the emerging segment in acetone market.
Scope of Global Acetone Market: Inquire before buying
Global Acetone Market, byApplication:
• Methyl methacrylate
• Bisphenol-A
• Aldol chemicals
• Solvent
Global Acetone Market, by End-UseIndustry:
• Chemicals
• Pharmaceuticals
• Cosmetics
• Electronics
Global Acetone Market, by Region:
• North America
• South America
• Asia Pacific
• Europe
• Middle East & Africa
Key Player analyzed in the GlobalAcetone Market :
• INEOS Phenol
• Royal Dutch Shell PLC
• The Dow Chemical Company
• Mitsui Chemicals, Inc.
• Sasol
• Hindustan Organic ChemicalsLimited
• Domo Chemicals
• Honeywell International, Inc.
• Formosa Chemicals and FiberCorporation
• CEPSA Quimica
• Prasol Chemicals Pvt. Ltd.
• EMCO Limited
• KUMHO P&B CHEMICALS., INC.
• SABIC
• LyondellBasell IndustriesHoldings B.V.
• Shell International B.V.
• Altivia
• Borealis AG
• Domo Chemicals
• U.S. Chemical & Plastics.
About This Report
For More Information Vist : https://www.maximizemarketresearch.com/market-report/global-acetone-market/24979/
Report Is Submitted By : MaximizeMarket Research Company
Customization of the report:
Maximize Market Research ofreports as per your demand. This report can be personalized to meet yourrequirements. Get in touch with us and our sales team will guarantee provideyou to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research providesB2B and B2C research on 20,000 high growth emerging opportunities &technologies as well as threats to the companies across the Healthcare,Pharmaceuticals, Electronics & Communications, Internet of Things, Food andBeverages, Aerospace and Defense and other manufacturing sectors.
