Acetone Cyanohydrin Market: Evolution of Growth, Size, Demand, Worth, Revenue | Valuates ReportsAcetone Cyanohydrin Market
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 global Acetone Cyanohydrin market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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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.
This report aims to provide a comprehensive presentation of the global market for Acetone Cyanohydrin, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Acetone Cyanohydrin.
The Acetone Cyanohydrin market size, estimations, and forecasts are provided in terms of output/shipments (K MT) and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Acetone Cyanohydrin market comprehensively. Regional market sizes, concerning products by type, by application and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Acetone Cyanohydrin manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price
for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
• Mitsubishi Gas Chemical
• Formosa Plastics
• Sumitomo Chemical
• Asahi Kasei
Segment by Type
• Agriculture Grade
• Industrial Grade
• Military Grade
Segment by Application
• Electronics & Electrical
• Medical & Healthcare
• Building & Construction
• Water Treatment Industries
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Acetone, also known as dimethyl ketone, is a colourless, clear, and a volatile liquid mainly used as a chemical intermediate in the manufacture of bisphenol-A (BPA), methyl methacrylate (MMA), and aldol chemicals. It is also used as a direct solvent in various applications including coatings and paints, printing inks, adhesives, nail polish removers, and other skin care products. Acetone is a by-product of phenol and is produced via cumene peroxidation
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