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 (2015-2020)" report to their offering.
The Global Acetone Market is projected to grow at a CAGR of 3.19% during the forecast period from 2014 to 2020. 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.
Acetione, 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 also used as thinning polyester resin, dissolving two-part epoxies and superglue before they harden, 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 region and a positive demand for MMA from the electronics industry. However, the growth of the global acetone market is impeded because of slow demand growth in Europe, strict checks and regulations imposed by the governments worldwide, and declining propylene prices.
Furthermore, the growing demand and usage of bio-based acetone will offer numerous opportunities in the growth of the Global Acetone Market. Some of the major companies dominating this market for its products, services, and continuous product developments are INEOS Phenol, Shell Chemical, BASF, Cepsa Quimica, Sinopec and The Dow Chemical Co.
- INEOS Phenol GmbH
- Shell Chemical Co
- Honeywell Chemicals
- CEPSA QUIMICA
- The Dow Chemical Co
- Mitsui Chemicals Inc
- Formosa Chemicals and Fibre Corp
- Reliance Chemicals
- Kumho P&B
- LG Chem
Key Topics Covered:
2. Executive Summary
3. Acetone Market
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Competitive Landscape
8. Company Profiles
For more information visit http://www.researchandmarkets.com/research/5rt5xw/global_acetone