Future Scope of Acetone Market | Estimated to Grow CAGR Rapidly by 2023 | Global Key Players - ALTIVIA Petrochemicals,, BASF SE, Borealis AG, CEPSA Quimica, DowDupont, Green Biologics, Honeywell

Marketprognosis.com Publish a New Market Research Report On “Global Acetone Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Acetone Market:

The Global Acetone Market is expected to witness a CAGR of approximately 3.56% during the forecast period, 2018-2023.

The market is driven by many factors, such as dynamic economic development in Asia-Pacific and a positive demand for MMA from the electronics industry. However, the market growth is impeded, owing to the slow demand growth in Europe, and strict regulations imposed by the governments, worldwide.

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Methyl Methacrylate is synthesized using acetone and is majorly used in electronics and computer industries for flat screens, DVD’s, compact discs, and laser discs. Also, they are used in printed circuit board coatings (conformal coatings) to provide resistance to attack and prolonging their life. Printed circuit boards are increasingly used in automotive sector, along with growing usages in countries, like China and India, where they are embracing cutting-edge display technologies for increasing demand for electronics. Therefore, this growing demand for PCB’s is expected to drive the acetone market during the forecast period.

The acetone market is segmented on the basis of application and end-user industry. Based on application, BPA is the dominant application because of its extensive usage in the automotive industry. However, the demand is expected to grow at a moderate rate because of increasing regulations on its usage. 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. In addition, it is also increasingly used for medical application in dentistry.

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Asia-Pacific is the largest market for acetone covering a market share of nearly 45%, and is expected to grow at a healthy rate during the forecast period. The growing demand for polycarbonate, which is resulting in increasing capacity for Bisphenol A (BPA), is expected to result in a robust demand for acetone in this region, as acetone is a precursor in the manufacture of BPA. China’s polycarbonate (PC) capacity is increasing as a result of new 70,000 metric ton/year polycarbonate (PC) plant located in Yantai, Shandong Province. The plant is expected to require up to 5,000 metric ton of BPA, thereby, driving the acetone demand. Europe is expected to show a moderate growth with new regulations of BPA in its usages in the packaging sector.

Major Key Players:

1 ALTIVIA Petrochemicals, LLC

2 BASF SE

3 Borealis AG

4 CEPSA Quimica, S.A.

5 DowDupont

6 Formosa Chemicals and Fibre Corporation

7 Green Biologics Ltd

8 Honeywell Chemicals

9 INEOS Phenol GmbH

10 Kumho P&B Chemicals and More…………..

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What Information does this report contain?

1 A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants

2 Which are the leading market products, applications & regions and how will they perform by 2023?

3 What are the technologies & innovation trends, how will they evolve by 2023?

4 Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Acetone Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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This release was published on openPR.