Acetone Market anticipated to witness healthy CAGR over 2019-2025 - PowerPoint PPT Presentation

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Acetone Market anticipated to witness healthy CAGR over 2019-2025

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Request for TOC report @ Asia pacific, led by Australia, South Korea, Japan, China and India acetone market is anticipated to experience significant growth owing to rising industrial and infrastructural investments. Shifting manufacturing facilities to India due to lower labour and production costs should boost Indian manufacturing sector which would propel acetone market. Government initiatives like Make in India by Indian government which promotes domestic production should increase manufacturing activities in sectors including automotive, electronics and paints which may boost product demand. – PowerPoint PPT presentation

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Title: Acetone Market anticipated to witness healthy CAGR over 2019-2025


1
Acetone Market predicted to grow exponentially
by 2025 Global Market Insights, Inc.
2
Regional Analysis of Acetone Market
  • Asia pacific, led by Australia, South Korea,
    Japan, China and India acetone market is
    anticipated to experience significant growth
    owing to rising industrial and infrastructural
    investments. Shifting manufacturing facilities
    to India due to lower labour and production costs
    should boost Indian manufacturing sector which
    would propel acetone market. Government
    initiatives like Make in India by Indian
    government which promotes domestic production
    should increase manufacturing activities in
    sectors including automotive, electronics and
    paints which may boost product demand.
  • North America, led by Mexico, Canada and the U.S.
    acetone market size is anticipated to rise
    significantly in the projected time period.
    Growing cosmetics and personal care products
    demand owing to rising young population and skin
    care awareness which should accelerate acetone
    industry growth. This product is extensively used
    in personal care and cosmetics products
    formulation which includes bath, cleansing, nail
    polish,fragrance, hair care and skin care
    solutions owing to high miscibility and VOC free
    properties which should promote industry growth.

3
Regional Analysis of Acetone Market
  • Europe, driven by UK, Spain, Italy, France and
    Germany acetone market may observe steady gains.
    Rising pharmaceuticals demand owing to increasing
    clinical trials, research along with supportive
    government initiatives including PRIME launched
    by European Medicines Agency to research and
    produce novel drugs should promote regional
    industry growth.

4
  • Application Analysis of Acetone Market
  • Acetone market size from Bisphenol A (BPA)
    application may experience appreciable growth in
    the projected time frame. BPA is predominantly
    utilised for epoxy and polycarbonate production
    owing to its stability and heat resistant
    attributes which should promote product demand.
    Rising polycarbonate demand for applications
    including optical media, electrical electronics
    and automotive owing to superior thermal and
    strength characteristics should stimulate
    industry growth.
  • Acetone market size from solvents application may
    witness a steady demand over forecast period
    owing to superior miscibility and solvency
    properties. Growing product utilisation as active
    ingredient in cleaning products, nail polish
    removers, paint thinners and degreasers should
    accelerate industry growth.
  • Acetone market size from automotive industry may
    experience appreciable growth in the projected
    time frame. Rising polycarbonate for automotive
    lighting applications including light housing,
    headlamp lenses, bezels owing to superior
    transparency and temperature resistance
    properties should promote product demand.
    Increasing lightweight automobiles demand owing
    to enhance performance and lower emissions should
    accelerate polycarbonate demand due to
    lightweight properties, thus driving market
    growth.

5
  • Application Analysis of Acetone Market
  • Global pharma market may surpass USD 1.5 trillion
    by 2023 owing to rising healthcare affordability
    along with product innovations. Acetone is
    predominantly utilised for pharma production as a
    solvent to produce denatured alcohol which should
    stimulate industry growth.
  • High exposure of acetone may cause
    unconsciousness, seizures and respiratory
    distress, thus hampering product demand.
    Stringent regulation regarding Bisphenol A
    utilisation in plastic food contact materials due
    to hazardous human effects should hinder industry
    profitability, thus affecting acetone market
    price trends.

6
Competitive Market Share of Acetone Market
  • Global acetone market share is highly fragmented.
    The key players operating in the market includes
    INEOS, Royal Dutch Shell plc, Dow Chemical
    Company, Cepsa, Mitsui Chemicals, Inc., Altivia,
    LCY GROUP, Formosa Chemicals Fiber Corporation,
    Prasol Chemicals Pvt. Ltd. and EMCO Limited.
  • Companies are predominantly focusing on
    acquisitions, mergers, innovation and increasing
    production capacities to cater worldwide product
    demand. In 2018, Deepak Nitrite wholly owned
    subsidiary commissioned its phenol and acetone
    production plant. This facility is equipped to
    manufacture 2,00,000 MPTA of phenol and 1,20,000
    MPTA of acetone. This plant establishment will
    help company to cater more customers in India,
    thus attaining strong market position.
  • In 2015, Cepsa established its chemical plant in
    China. This plant is in Shanghai Chemical
    Industrial Plant. Through this setup, the company
    will be worlds second largest producer of phenol
    and acetone with an annual production capacity of
    250,000 and 150,000 tons respectively, thus
    increasing global market share.

7

Browse Full Market Research Report On Acetone
Market _at_ https//bit.ly/2KZQ2fv Request for
an in-depth table of contents for this report _at_
https//bit.ly/2Zj4vMV
8
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