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Acetone Market is Projected to Represent Incremental Opportunity of US$ 7.3 Bn by 2026
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Acetone is primarily used as a precursor to methyl methacrylate (MMA), for the production of acetone cyanohydrin (chemical intermediate). Around 80% of the world’s MMA is consumed by the automotive industry, construction activity, and original equipment manufacturers (OEMs). 50%-60% of MMA production capacity is consumed to manufacture PMMA polymethyl methacrylate resins or surface coatings
The global acetone market is segmented into seven key regions namely North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and Middle East and Africa. APEJ is expected to register the fastest growth among all regions in the global acetone market. The region is anticipated to strengthen its market value share from 39.9% in 2016 to 43.4% by 2026 end. With APEJ (led by China) becoming the major market for acetone end-use industries, demand is expected to remain high throughout the forecast period. North America and Western Europe are witnessing a steady improvement in the acetone market, registering a CAGR of 4.7% and 4.3% respectively during the forecast period.
The global acetone market report covers detailed profiles of key players operating in the global acetone market. The report presents key strategies, key developments, product offerings, and market performance of leading companies. Major players reported in this study of the global acetone market include INEOS Phenol, Royal Dutch Shell PLC, Sasol, The Dow Chemical Company, Mitsui Chemicals, Inc., Hindustan Organic Chemicals Limited, Domo Chemicals, Honeywell International, Inc., Formosa Chemicals and Fiber Corporation, and CEPSA Quimica.
Report Overview, with TOC @ https://www.futuremarketinsights.com/reports/acetone-market/toc
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