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Increased Demand for Acetone from APAC to Drive Global Market

Blog Description

Acetone, as a co-product of phynol, is volatile, highly flammable, and combustible in nature, and is used in a variety of applications across multiple
industries.

According to a report published by Future Market Insights, the global consumption of acetone is likely to grow from 5.9 million tons in 2014 to 7.21
million tons in 2020, growing at a CAGR of 3% from 2014 to 2020.

Browse the full Global Acetone Market Report:
http://www.mrrse.com/acetone-market

Growing Applications of Acetone Driving Global Demand

Acetone finds application in numerous end-use industries including metal cleaning, adhesives, rubber and polymer, electronics, printing inks, automotive,
pharmaceuticals, metal cleaning, paints and coatings, and agricultural chemicals. Let us take a look at the industrial landscape of the global acetone
market.

· Demand for acetone from cosmetics and electronics sectors is a major driving force for the acetone market

· Approximately 31% of the total acetone produced around the world is consumed by bisphenol A (BPA) producers. This application segment is poised to grow
at a 4.2% CAGR from 2014 to 2020

· An estimated 28.3% of the total acetone produced in 2014 was consumed by producers of methyl methacrylate

· Around 26% of acetone is diverted to industrial applications as a solvent

· The demand for acetone is likely to grow over the next few years owing to rising demand for personal care and household products, medical equipment,
eyeglass lenses, digital media, water bottles, consumer electronics, cellphones, and business equipment

· Increasing demand for bio-based acetone and presence of stringent government regulations is anticipated to decelerate the growth of the global acetone
market

· The ongoing downtrend in crude oil prices has taken a toll on the price of acetone and the availability of petrochemical feedstock.

Browse the full Press Release of Acetone Market
: http://www.mrrse.com/acetone-market-report

Asia Pacific Emerges as Leader of Global Acetone Market

The global acetone market comprises five key regions: Europe, Asia Pacific, Latin America, North America, and the Middle East and Africa. Here is what the
geographical landscape of the acetone market looks like:

· Asia Pacific dominated the worldwide acetone market in 2014 with a share of 41% in terms of consumption

· The region is anticipated to retain its lead through 2020, growing at a CAGR of 6.2% from 2014 to 2020

· Improving standards of living and rise in disposable income in Asia Pacific has led to the growth of the medical, electronics, and automobile industries,
thereby resulting in increased demand for acetone

· Rising acetone consumption in China, India, South Korea, Malaysia, and Indonesia has boosted the APAC market

· Easily available petrochemical feedstock and economical labor rates have stimulated the development of the acetone market in Asia Pacific

· Analysts anticipate an annual growth of 3% in the Middle East owing to expansion of the medical sector and rise in construction activities

· North America held a 21% share in global acetone consumption in 2014. Latin America, however, is likely to grow at a strong CAGR of 5.4% from 2014 to
2020.

Given the rise in demand for acetone from numerous end-use industries, the global acetone market anticipates a steady growth over the coming years.