Global Acetone Cyanohydrin Market Overview:
Acetone Cyanohydrin is a colorless, flammable, volatile organic solvent. It is also known as dimethyl ketone. Acetone is often used for cleaning in homes, businesses, and labs. It is also an industrial solvent. Since it can dissolve other compounds, acetone is an ideal solvent. It can work for a wide range of materials, from water to various organic compounds, because it is miscible and polar. Acetone can mix with polar solvents like water because of its polarity. Acetone is a naturally occurring substance in plants and a by-product of animal metabolism. It's contained in small amounts in the human body's urine and blood. The United States has the largest manufacturing volume, with 1.56 million tonnes a year, followed by Taiwan and mainland China. INEOS Phenol is the world's largest acetone manufacturer, with 17 % capacity.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- The demand for Acetone as A Solvent for Manufacture of Plastics
- The demand for Acetone for Household Application
Roadblocks
- Acetone Is Recognized to Have Low Acute and Chronic Toxicity
Opportunities
- With the Increasing Cosmetics Industry, the Demand for Acetone Is Also Speculated to Increase
- Growing Manufacturing Capacity of Developing Countries Will Boost the Demand of Acetone Cyanohydrin
Challenges
- Long Term Exposure to Acetone Cyanohydrin Can Cause Dermatitis
- Acetone Market Is Saturated
Competitive Landscape:
Some of the key players profiled in the report are Merck (United States), INEOS Group (United Kingdom), LyondellBasell Industries (Netherlands), ALTIVIA (United States), Royal Dutch Shell Co (Netherlands), Honeywell Chemicals (United States), Mitsui Chemicals Inc. (Japan), Hindustan Organic Chemicals Ltd. (India), SABIC (Saudi Arabia), Kumho P&B Chemicals (South Korea) and LanzaTech (New Zealand). Considering Market by Industry Verticals, the sub-segment i.e. Chemical will boost the Acetone Cyanohydrin market. Considering Market by Sales Channel, the sub-segment i.e. Direct will boost the Acetone Cyanohydrin market.
Latest Market Insights:
In Nov 2019, ALTIVIA Ketones and Additives announced that they have acquired Dow’s Acetone Derivatives business and its chemical manufacturing assets at Institute, West Virginia, as well as the Institute, Industrial Park. According to the company; they have implemented a thorough transition plan over the past 12 weeks to ensure continuity at the transition.
In April 2021, Sinopec Capital, the industrial investment arm of Sinopec Group, one of the world's largest integrated energy and chemicals firms, has invested in LanzaTech to support direct chemical processing from waste fuel. Sinopec Group is one of the world's largest integrated energy and chemicals companies. Petrochemicals currently meet around 12% of global oil demand, a number that is expected to increase. At the pilot scale, over 50 chemicals have been demonstrated, including continuous production of acetone and isopropyl alcohol.
What Can be Explored with the Acetone Cyanohydrin Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Acetone Cyanohydrin Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Acetone Cyanohydrin
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Acetone Cyanohydrin market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Acetone Cyanohydrin market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Acetone Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.