Press release
Acetone Cyanohydrin Market to Witness Robust Expansion by 2024– Top Key players like Dow,Arkema,BASF,Inc.
This report focuses on the key global Acetone Cyanohydrin players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Acetone Cyanohydrin with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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Acetone cyanohydrin is manufactured by the reaction of acetone and hydrogen cyanide in presence of water solutions such as KOH and NaOH. Tthe intermediate product however, is unstable in alkaline solution and hence is treated with sulphuric acid until its pHreaches 1-2. Acetone cyanohydrin is used as an intermediate product for manufacturing methylacrylates, methacrylamide, methacrylic acid and methacrylonitrile among others.
The market for acetone cyanohydrinwas driven by substantial demand from methylmethacrylate. industry. Methylmethacrylate is further polymerized into polymethylmethacrylate (PMMA). PMMA is used in various end-user industries such as electronics & electrical, signs and displays, medical & healthcare, automotive, building & construction, waste management and water treatment industries, among others. Electronics & electrical was one of the major industries for PMMA in the past decade. Another major outlet for acetone cyanohydrins was insecticides where it is used as a raw material. Acetone cyanohydrin is used to manufacture ethyl alpha-hydroxyisobutyrate, a pharmaceutical intermediate. In addition, acetone cyanohydrins are also used in the metal separation process in the form of a complexing agent.In spite of this variety of applications, acetone cyanohydrin is usually considered as potentially hazardous chemical as it releases hydrogen cyanide when in contact with water. These environmental and health regulations associated with acetone cyanohydrins in North America and Europe can have major impact on the market and is likely to hinder the growth of the acetone cyanohydrin market during the forecast period.
Global Acetone Cyanohydrin market size will increase to xx Million US$ by 2025, from xx Million US$ in 2018, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Acetone Cyanohydrin.
Market Segment by Manufacturers, this report covers
Dow
Arkema
BASF
Evonik
Kuraray
Mitsubishi Gas Chemical
Formosa Plastics
Sumitomo Chemical
Asahi Kasei
Sinopec
Market Segment by Type, covers
Agriculture Grade
Industrial Grade
Military Grade
Market Segment by Applications, can be divided into
Electronics & Electrical
Medical & Healthcare
Automotive
Building & Construction
Water Treatment Industries
Others
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Related Information:
North America Acetone Cyanohydrin Market Growth 2019-2024
United States Acetone Cyanohydrin Market Growth 2019-2024
Asia-Pacific Acetone Cyanohydrin Market Growth 2019-2024
Europe Acetone Cyanohydrin Market Growth 2019-2024
EMEA Acetone Cyanohydrin Market Growth 2019-2024
Global Acetone Cyanohydrin Market Growth 2019-2024
China Acetone Cyanohydrin Market Growth 2019-2024
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