Global Acetone Market Sees Vigorous Demand from End-Use Industries; Acetone Consumption to Reach 7.2 Million Tonnes Globally by 2020: FMI
Future Market Insights has announced the addition of the "Acetone Market: Global Industry Analysis and Opportunity Assessment, 2014 - 2020" report to their offering.
London, United Kingdom, March 04, 2015 --(PR.com)-- Future Market Insights (FMI), in its latest report titled, “Acetone Market: Global Industry Analysis and Opportunity Assessment, 2014 - 2020,” reveals that acetone consumption globally was 5.9 million tonnes in 2014. Acetone consumption is estimated to exceed 7.21 million tonnes by 2020, exhibiting a CAGR of 3% during the forecast period.
Drivers and Restraints
The global acetone market is mainly driven by use of acetone in production of chemical and as a solvent. Stringent government regulations and growing demand for bio-based acetone will decelerate growth of the global acetone market during the forecast period. However, increasing use of BPA in the automobile industry and construction industry is expected to further drive growth of the global acetone market in the near future.
Market Segments
On the basis of application, the global acetone market is broadly segmented into methyl methacrylate (MMA), Bisphenol A (BPA) and solvent. In terms of overall consumption, MMA accounted for 28.3% in 2014, and is anticipated to further increase by 2020. MMA and BPA segments collectively accounted for approximately 59.4% of overall acetone consumption in 2014, are expected to contribute significantly to growth of the global acetone market by 2020. MMA segment is expected to display a robust growth rate during the forecast period due to growing demand from end-use industries such as electronics and chemicals. BPA is projected to account for substantial market share by 2020 due to high consumption of BPA in the production of eyeglass lenses, medical equipment, water bottles, digital media, cellphones, consumer electronics and other business equipment. Furthermore, increasing acetone usage for production of personal care and house hold products is also expected to drive growth of the global acetone market by 2020.
Browse Full: "Acetone Market: Global Industry Analysis and Opportunity Assessment, 2014 - 2020" Report at http://www.futuremarketinsights.com/reports/details/acetone-market
Region-wise, Asia Pacific is expected to dominate the global acetone market by 2020 due to high consumption by end-use industries in countries such as India, China, Malaysia, South Korea and Indonesia. Asia Pacific accounted for 41% of the overall acetone consumed in 2014, followed by North America with 21%. The acetone industry recently witnessed capacity expansion by major players in markets across the globe.
Competitive Landscape
Key players in the global acetone market include The DOW Chemical Company, BASF, INEOS Phenol GmbH, CEP SA Química, Shell Chemicals, Honeywell and Shanghai Sinopec Mitsui Co. Ltd.
Send Inquiry: http://www.futuremarketinsights.com/askus/rep-gb-276
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 and an aerial view of the competitive framework and future market trends.
Our research services cover global as well as regional emerging markets such as GCC, ASEAN and BRICS. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare and Retail. FMI’s operating model blends cross-disciplinary research experience to deploy in-depth, insightful and actionable research.
Contact
Ms. Shibboo Singh
3rd Floor,
207 Regent Street,
London - W1B 3HH
United Kingdom
T: + 44 (0) 20 7692 8790
D: +44 (0) 20 3287 4268
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com
Drivers and Restraints
The global acetone market is mainly driven by use of acetone in production of chemical and as a solvent. Stringent government regulations and growing demand for bio-based acetone will decelerate growth of the global acetone market during the forecast period. However, increasing use of BPA in the automobile industry and construction industry is expected to further drive growth of the global acetone market in the near future.
Market Segments
On the basis of application, the global acetone market is broadly segmented into methyl methacrylate (MMA), Bisphenol A (BPA) and solvent. In terms of overall consumption, MMA accounted for 28.3% in 2014, and is anticipated to further increase by 2020. MMA and BPA segments collectively accounted for approximately 59.4% of overall acetone consumption in 2014, are expected to contribute significantly to growth of the global acetone market by 2020. MMA segment is expected to display a robust growth rate during the forecast period due to growing demand from end-use industries such as electronics and chemicals. BPA is projected to account for substantial market share by 2020 due to high consumption of BPA in the production of eyeglass lenses, medical equipment, water bottles, digital media, cellphones, consumer electronics and other business equipment. Furthermore, increasing acetone usage for production of personal care and house hold products is also expected to drive growth of the global acetone market by 2020.
Browse Full: "Acetone Market: Global Industry Analysis and Opportunity Assessment, 2014 - 2020" Report at http://www.futuremarketinsights.com/reports/details/acetone-market
Region-wise, Asia Pacific is expected to dominate the global acetone market by 2020 due to high consumption by end-use industries in countries such as India, China, Malaysia, South Korea and Indonesia. Asia Pacific accounted for 41% of the overall acetone consumed in 2014, followed by North America with 21%. The acetone industry recently witnessed capacity expansion by major players in markets across the globe.
Competitive Landscape
Key players in the global acetone market include The DOW Chemical Company, BASF, INEOS Phenol GmbH, CEP SA Química, Shell Chemicals, Honeywell and Shanghai Sinopec Mitsui Co. Ltd.
Send Inquiry: http://www.futuremarketinsights.com/askus/rep-gb-276
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 and an aerial view of the competitive framework and future market trends.
Our research services cover global as well as regional emerging markets such as GCC, ASEAN and BRICS. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare and Retail. FMI’s operating model blends cross-disciplinary research experience to deploy in-depth, insightful and actionable research.
Contact
Ms. Shibboo Singh
3rd Floor,
207 Regent Street,
London - W1B 3HH
United Kingdom
T: + 44 (0) 20 7692 8790
D: +44 (0) 20 3287 4268
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com
Contact
Future Market Insights
Ms. Shibboo Singh
+ 44 (0) 20 7692 8790
www.futuremarketinsights.com
+44 (0) 20 3287 4268
Ms. Shibboo Singh
+ 44 (0) 20 7692 8790
www.futuremarketinsights.com
+44 (0) 20 3287 4268
Contact
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