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Acetone Market is Projected to Represent Incremental Opportunity of US$ 7.3 Bn by 2026

11-01-2017 12:19 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Acetone Market is Projected to Represent Incremental

Future Market Insights delivers key insights on the global acetone market in a new publication titled, ‘Acetone Market: Global Industry Analysis and Opportunity Assessment, 2016 - 2026’. The global consumption of acetone was estimated to be approximately 6.1 million tons in 2015 and is projected to register a CAGR of 5.0%, reaching a market value of US$ 7.3 Bn by the end of the forecast period (2016-2026). In this report, Future Market Insights analyses the factors and trends impacting the growth of the global acetone market.

Click to View Complete Report @ https://www.futuremarketinsights.com/reports/acetone-market

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

ABOUT US

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

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Future Market Insights

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United States

T: +1-347-918-3531

F: +1-845-579-5705

Email: sales@futuremarketinsights.com

Website: www.futuremarketinsights.com

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