Acetone Market to reach US$ 7.21 million tonnes by 2020
This future market Insights report examines the global acetone market for the period of 2014-2020. The primary objective of the report is to assess the market trends in acetone consumption and production on the basis of end user industries. Day by day, acetone is becoming an integral part of various chemicals owing to its soluble nature.
Acetone is an explosive, clear liquid with a sweet-smelling odour. It has gained importance in various industries due its soluble properties. Acetone is derived by a process called as cumene peroxidation, as a co-product with phenol. It is mainly used as intermediate in manufacturing of other complex chemicals. Use of acetone as a solvent is also common practice across the manufacturing industry.
The report starts with an overview & value chain of Acetone market, Acetone is mainly used in production of methyl methacrylate (MMA) and Bisphynol- A (BPA). It is also used as a solvent in manufacturing various chemicals. MMA due to its hardness and flexibility, is mainly used in preparation of plastic sheets, in cosmetic industry to make your nails look better. MMA also find medical uses in dentistry, as it is not harmful to skin in solid state,it’s used to make crown and bridges. BPA acts as ingredient in manufacturing of polycarbonate resin and epoxy resin which finds wide applications in eye lens glasses, medical equipment, water bottles etc.
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The next section of report covers Global Acetone market in terms of consumption by various applications.Such as Use of Acetone in MMA, Use of Acetone to produce BPA and as a solvent and other miscellaneous applications. This section additionally includes FMI’s analysis of key trends, drivers, and restraints from a supply side demand side and economy which are influencing the market. Impact analysis of key growth drivers and restraints based on weighted average model included in the report better equips and arms the client with crystal clear decision making insights
The following section of the report highlights, Acetone market by regions. It provides a market outlook for 2014-2020 and sets forecast within the context of acetone market, to build a completed picture at regional level. This study discusses the regional key trends contributing to the growth of the acetone market on worldwide basis well as analyse the degree at which global drivers are influencing acetone market in each region. For this report key regions assessed are North America, Latin America, Europe, Asia Pacific Middle East and Africa.
All the above sections, by application or by region evaluates the present scenario and the growth prospect of acetone market for the period 2014-2020. The report considers 2014 as a base year and provides data for the trailing 12 months.
To calculate the acetone market size, the report considers consumption of acetone across end user industries and average selling price. The forecast presented has assessed both value and volume in tons across the acetone market. When forecasting the market, the starting point is sizing the current market, which forms the basis for the forecast how market will develop in future. Given the characteristics of market, we triangulated the outcome of three different analysis on supplier side, demand side and economy. However forecasting the market in terms of various applications of acetone, and applications is more of quantifying expectations and identify opportunities rather than rationalizing them after the forecast has been completed.
In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the acetone market.
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As previously highlighted, the acetone market is split on basis of end user industries. Acetone marketby regions and application are analysed in terms of basis point share to understand individual segments’ relative contributions to market growth. This detailed level of information is important for the identification of various key trends of the acetone market.
Also, another key feature of this report is the analysis of all key applications and regions revenue forecast in terms of absolute $ opportunity. This is traditionally overlooked while forecasting the market. However, absolute $ opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the acetone market.
Furthermore, to understand key growth segments in terms of growth & usage of acetone in various applications and regions, Future Market Insights developed the acetone’s “Market Attractiveness Index”. The resulting index should help providers to identify real market opportunities.
In the final section of the report, Global acetone Market’s competitive landscape is included to provide report audiences with a dashboard view of service providers currently dominating the market. This section is primarily designed to provide clients with an objective & detailed comparative assessment of key service providers. Report audiences can gain in depth vendor insights to identify and evaluate key competitors based on in-depth assessment of capabilities and success in the acetone marketplace. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the acetone market. Key competitors covered are the DOW chemical Company, INEOS Phenol GmbH, BASF, CEPSA QUIMICA, Shell Chemicals, Mitsui Chemicals and others. Research report in depth analysis of these companies under the pointers Business Strategies, Recent activities, and SWOT analysis.
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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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