DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Acetone Market - Segmented by Application, End-user Industry, and Geography - Trends and Forecasts (2016 - 2021)" report to their offering.
The global acetone market is expected to grow at a CAGR of 3.1% during the forecast period, 2016 to 2021. Acetone, also known as dimethyl ketone, is a co-product of phenol and is prepared as a derivative in the cumene peroxidation process. It is a colorless liquid, miscible in ether alcohol or water. Additionally, it is flammable and volatile in nature, and possesses a fragrant mint-like smell.
Acetone, owing to its solvent and volatile nature (i.e. it evaporates quickly), is becoming an integral part of numerous industrial/commercial and medical applications. Additionally, it is used for thinning polyester resin, cleaning tools used with it, and dissolving two-part epoxies and superglue before they harden. Acetone is also used for degreasing, preparation of metal prior to painting, and transportation and storage of acetylene.
This market is driven by a number of factors, such as dynamic economic development in Asia-Pacific and a positive demand for MMA from the electronics industry. However, the growth of the global acetone market is impeded, owing to the slow demand growth in Europe, and the strict regulations imposed by the governments worldwide.
Companies Mentioned Include:
- ALTIVIA Petrochemicals, LLC
- BASF SE
- Borealis AG
- CEPSA Quimica, S.A.
- Formosa Chemicals and Fibre Corporation
- Green Biologics Ltd.
- Honeywell Chemicals
- INEOS Phenol GmbH
- Kumho P&B Chemicals
- LCY GROUP
- LG Chem Ltd.
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Analysis (Market size, growth and forecast)
7. Competitive Landscape
8. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/w2p783/global_acetone