Acetone Market Size Expected To Reach USD 22.10 Billion By 2024


Free Press Release DB | Press Release Date : Sep 6, 2017  Download


Acetone is used as a solvent in adhesives, nail polish remover, paints & coatings, and other skin care products


The Global Acetone Market size was USD 5.75 billion in 2016. Acetone is used as a solvent in adhesives, nail polish remover, paints & coatings, and other skin care products. It is also used in the manufacturing of Methyl Methacrylate &Bisphenol-A.

 

Polycarbonate plastic is derived from Bisphenol-A. An increasing use of polycarbonate in the automotive industry is one of the key growth factor for the acetone market. Polycarbonate is increasingly used as a substitute for metal and glass in automotive industry.

 

Automotive manufacturers are increasingly using polycarbonate for lighting applications, such as light housing, headlamp lenses, bezels that require transparency, high temperature resistance, it also offers better functional integration and designing freedom to vendors. An increasing demand for light vehicles with improved fuel efficiency is driving the manufacturers to depend on polycarbonate that helps to reduce the weight of the vehicles.

 

Increasing demand of methyl methacrylate to produce polymethyl methacrylate resins used in electronics and automotive industry is a key factor for growth of the acetone market. Keeping these driving factors in mind companies are increasing their production capacity in order to meet the global demand. For instance, Vadodara-based chemical manufacturer Deepak Nitrite Limited is expected to invest INR 1,200 crores to set up a phenol and acetone plant at Dahej in Bharuch district of Gujarat to cater the increasing demand for acetone in the region.

 

In 2016, Asia Pacific was largest revenue generating owing to the development of automotive and electronics industries. Furthermore, growing pharmaceutical sector in China and India is expected to propel the demand for acetone. An increasing demand for bio based acetone and strict government regulations is expected to slow the market growth of acetone.  Moreover, contact with acetone is dangerous for health and can cause intoxication, dizziness, nausea, unconsciousness which in turn may hamper the market growth.

 

Browse Details of Report @https://www.hexaresearch.com/research-report/acetone-market 

 

Hexa Research has segmented the global acetone market on the basis of application and region:

 

Segmentation by application, 2014 - 2024 (Kilo Tons) (USD Million)

• Solvent

• Methyl methacrylate (MMA)

• Bisphenol-A (BPA)

Segmentation by region, 2014 - 2024 (Kilo Tons) (USD Million)

• North America

    • U.S.

• Europe

    • Russia

• Asia Pacific

    • China

    • India

• Central & South America

    • Brazil

• MEA

 

Key players analyzed:

• INEOS Phenol company

• Mitsui Chemicals

• The DOW Chemical Company

• Shell

• Minda

• U.S. Chemicals

• Formosa Chemicals

• Sunoco

• Conchemco

 

Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/organic-chemicals-industry




Contact Person & Company

Name

:

Carrol Topp

Company

:

Hexa Research

Contact Numbers

Telephone No.

:

8004893075

Fax No.

:

8004893075

Handphone No.

:

8004893075

Website

Website 1

:

Website 2

:

Youtube

:

PR Tags

:

Acetone Market, Acetone Market Size, Acetone Industry, Organic Chemicals,

Address

Felton Office Plaza

6265 Highway 9

95018, Felton

California


Contact The Author



Contact Carrol Topp






More Press Release From Author



Global Software Defined Data Center Market is expected to reach USD 259.10 billion by 2024


Free Press Release DB :

Global software defined data center market size was valued at USD 26.33 billion in 2016 and is expected to grow owing to its benefits such as advances in networking capability, reduction in storage cost, virtualization and high flexibility. --> Read This Press Release !



By : Carrol, Topp ( Sep 22, 2017 )
Category : Technology Press Release | Country : United States Press Release




Global Pneumatic Conveying System Market Size Worth $30.40 Billion By 2025


Free Press Release DB :

Pneumatic Conveying System Market is likely to be driven by the rising demand for robust and advanced material handling equipment --> Read This Press Release !



By : Carrol, Topp ( Sep 22, 2017 )
Category : Technology Press Release | Country : United States Press Release




Global Hydraulic Pumps Industry Size to Reach USD 11,400 Million by 2024


Free Press Release DB :

The global hydraulic pump market size was estimated to be USD 7,894 million in 2016 and is expected to grow over the forecast period driven primarily by the growth in mobility and industrial market. --> Read This Press Release !



By : Carrol, Topp ( Sep 21, 2017 )
Category : Technology Press Release | Country : United States Press Release





Read More Articles From Carrol Topp



Disclaimer

The author of the press releases are solely responsible for the content of their press releases. Freepressreleasedb.com can't be held liable for the content posted by author. Please check the accuracy of the press release before using the press release. If necessary please contact the author. Thank you.




Report Abuse