Your CatalystTo a Lucrative Business
Increasing demand of methyl methacrylate to produce polymethyl methacrylate resins used in electronics and
automotive industry is a key factor for growth of the acetone market. Keeping these driving factors in mind
companies are increasing their production capacity in order to meet the global demand. For instance,
Vadodara-based chemical manufacturer Deepak Nitrite Limited is expected to invest INR 1,200 crores to set up
a phenol and acetone plant at Dahej in Bharuch district of Gujarat to cater the increasing demand for acetone in
the region.
In 2016, Asia Pacific was largest revenue generating owing to the development of automotive and electronics
industries. Furthermore, growing pharmaceutical sector in China and India is expected to propel the demand
for acetone. An increasing demand for bio based acetone and strict government regulations is expected to slow
the market growth of acetone. Moreover, contact with acetone is dangerous for health and can cause
intoxication, dizziness, nausea, unconsciousness which in turn may hamper the market growth.
Hexa Research has segmented the global acetone market on the basis of application and region:
Segmentation by application, 2014 - 2024 (Kilo Tons) (USD Million)
• Solvent
• Methyl methacrylate (MMA)
• Bisphenol-A (BPA)
Segmentation by region, 2014 - 2024 (Kilo Tons) (USD Million)
• North America
• U.S.
• Europe
• Russia
• Asia Pacific
• China
• India
• Central & South America
• Brazil
• MEA
Key players analyzed:
• INEOS Phenol company
• Mitsui Chemicals
• The DOW Chemical Company
• Shell
• Minda
• U.S. Chemicals
• Formosa Chemicals
• Sunoco
• Conchemco
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/organic-
chemicals-industry
Follow Us: