Acetone Market is Estimated to Grow at a CAGR of 5.1% during 2019 – 2026, Says Accurize Market Research
Global Acetone Market Report, published by Accurize Market Research, forecast that the global market is expected to grow at a CAGR of 5.1% from 2019 to 2026. Asia-Pacific dominated the global acetone market accounting for the major market share in 2018, driven by high rates of growth accounted by upcoming economies such as China and India.
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Market Introduction and Market Dynamics
Acetone is a volatile and colorless liquid mainly used as a chemical intermediate across various industry verticals such as electronics, metal cleaning, pharmaceuticals, and automotive, among others, in the manufacturing process. The application areas such as adhesives, inks, and paints & coatings show an increased demand for acetone hence, supplementing the growth of the market. Though, high initial investment is acting as a restraint for the market. Further, rising use of polycarbonate in the vehicle industry would generate new growth opportunities for the market in the future years.
Market Segmentation and Crisp Analysis
The global Acetone Market has been segmented into application and industry. The application segment is further classified into Methyl Methacrylate (MMA), Bisphenol A (BPA), solvents, and other applications. The end user segment is divided into construction, automotive, pharmaceutical, cosmetics and personal care, electronics, agricultural chemicals, paints, coatings, and adhesives, and other end-user industries. North America, Europe, Asia Pacific, and Rest of the World (RoW) are the geographical classifications of the market.
Regional Segmentation and Crisp Analysis
By geography, the market is segment into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America covers the U.S., Canada, and Mexico, while Europe covers UK, Germany, France, Italy, and Rest of Europe. China, Japan, India, Korea, and Rest of Asia-Pacific have been analyzed under the Asia-Pacific market. Rest of the world includes Central & South America, the Middle East, and Africa.
Asia-Pacific dominated the global Acetone Market in 2018 and expected to continue its dominance during the forecast period 2019 – 2026. The growth will be majorly attributed to upcoming economies for the electronics and automotive industries. Countries such as India, China, Indonesia, and Malaysia are anticipated to have the highest growth rate of acetone market driven by high growth in the automotive sector.
Manufacturers Competitive Analysis
Key players are offering innovative products and services to gain consumer attraction and increase their market presence. The major players operating in the global acetone market are Domo Chemicals, The Dow Chemical Company, INEOS Phenol, Honeywell International, Inc., Mitsui Chemicals, Inc., Hindustan Organic Chemicals Limited, Formosa Chemicals, Royal Dutch Shell plc, Fiber Corporation, and CEPSA Quimica, among others.
Scope of the Report
The scope of the report covers in-depth analysis of the market in terms of both qualitative and quantitative analysis across the segments as well as cross-sectional analysis of the segments including the geographies and its countries. Key companies operating in this market and their company profile along with the market share analysis and competitive scenario is also the part of the report. Furthermore, different industries clients’ information has been provided in the report which is very important for the manufacturers. Manufacturers’ data, including: revenue, shipment, revenue share, shipment share, and gross profit have been also included, which provide better understanding of the market competition.
Research Methodology
Destined by the dedicated team of analysts and experts, we are envisioned to provide you our best in order to plan your next strategic across several industry verticals. AMR has developed advanced analyst tools and data models to enhance and augment the analysis process. Corresponding to markets, where there is momentous lack of information and estimates, AMR’s team of experts and analyst practice specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to inspect the prospects and opportunities existing in the market to achieve specific forecast of the market.
The Key Opinion Leaders (KOLs) of the respective industry are interviewed and their insights are matched with our findings and database we have and thus we validate our estimates, forecast and provide you the analysis. We put together our effort and prepare an inclusive questionnaire depending on the title of the market we are tracking and extract the important information we require to validate our findings. Also, we have top five global knowledge partners such as Bloomberg, S&P Global, and Dow Jones, among others for ultimate data validation, prepared by our research team.
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