The Global Acetone Market (2018-2024): CAGR is Projected to Grow at 3.4% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 20, 2018--The “Acetone Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024” report has been added to ResearchAndMarkets.com’s offering.
The report predicts the global acetone market to grow with a CAGR of 3.4% over the forecast period of 2018-2024.
Methyl methacrylate (MMA) and the Bisphenol A (BPA) are some of the major applications of acetone. According to the trusted source, among the total produced acetone, 30% to 34% acetone is used in the production of MMA and BPA.
The Methyl methacrylate (MMA) as an ingredient used in the cosmetics as a filler for wrinkles and fine lines. Also, they are extensively known as a plastic component used in products such as plexiglass and other transparent glass substitutes.
Bisphenol-A (BPA) is produced commercially by the acid catalyzed condensation of phenol and acetone and it is used as an intermediate for the production of polycarbonate.
In addition, the acetone is used in the petroleum industries as a gasoline additives. Vast applications offered by the acetone across various end use industries are contributes in the growth of acetone market.
However, EU Commission issued new regulation on the use of bisphenol A in plastic food contact materials owing to its hazardous effects is expected to hamper the growth of acetone market.
Moreover, the rising demand of BPA from the emerging market is projected to create several opportunities for acetone market in upcoming years.
Among the regions, Asia pacific is the largest and the fastest growing region owing to the massive demand of BPA across various countries such as China and India.
Key Topics Covered
2. Executive Summary
3. Global Acetone Market Overview
4. Acetone Market Macro Indicator Analysis
5. Global Acetone Market by End User
6. Global Acetone Market by Region 2018-2024
7. Company Profiles and Competitive LandscapeBASF SE DowDuPont ALTIVIA Petrochemicals, LLC Borealis AG Honeywell Chemicals CEPSA Quimica, S.A. Formosa Chemicals & Fibre Corporation INEOS Phenol GmbH LG Chem Ltd. Mitsui Chemicals Inc. Shell Chemical Co.
For more information about this report visit https://www.researchandmarkets.com/research/xljp7f/the_global?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180920005766/en/
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Related Topics:Electronic Chemicals,Solvents
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
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PUB: 09/20/2018 02:16 PM/DISC: 09/20/2018 02:16 PM