This site uses cookies, including third-party cookies, that help us to provide and improve our services. Read More

Acetone Derivatives Market

Capacity Expansion Identified as Key Success Factor to Stimulate Acetone Derivatives Business Growth, Evaluates Fact.MR

Published : 09 Aug 2021 Industry: Chemical & Materials

As per industry analysis on acetone derivatives by Fact.MR, the market is anticipated to be valued at US$ 10.6 Bn in 2021, expanding at a moderate CAGR of 5.8% over the forecast period 2021-2031.

Fact.MR - a market research and competitive intelligence provider, estimates the market valuation to surpass US$ 18.8 Bn by 2031, owing to factors such as capacity expansion, increased consumption, and mounting investments in housing & construction activities.

The acetone derivatives business is highly competitive with key players capturing a major chunk of the market share. Since acetone derivatives find use in wide range of industries, it can be viewed as a revenue generating stream for chemical companies. Thus, in order to increase their revenue and market share, market players have opted to increase production capacity by incorporating additional facilities around the world. For instance, Kumho P&B Chemicals, a major BPA producer, plans to increase its production capacity by an additional 200 KT, work for which is estimated to be completed by 2021-end.

Moreover, in order to deliver bulk and high quality products, companies are collaborating with different technological solution providers. These key developments are being seen across the industry as players are opting for capacity expansion to increase their market share.

Key Takeaways from Market Study

  • Bisphenol A, under product type, is projected to provide an absolute $ opportunity worth US$ 1.9 Bn over the next ten years.
  • Demand for chemical grade acetone derivatives is projected to increase at a CAGR of around 6% over the forecast period.
  • On the basis on end use, demand for paints & coatings is anticipated to expand 1.8X by 2031.
  • East Asia is projected to capture around 32% share of the global acetone derivative market by 2031.
  • South Asia & Oceania to gain market by 87 BPS over the period of 2021-2031.

“Regulations over carbon emissions can act as a hindrance for acetone derivative producers; hence, investing in R&D along with technological up-gradation could account as a fruitful strategy,” says a Fact.MR analyst.

Winning Strategy

Market players can be seen collaborating with various suppliers to streamline their raw material procurement process. Collaboration and establishing long-term relationships with suppliers is helping companies procure raw materials at reasonable price points. Moreover, digitalizing of the procurement process has taken place over the years, which tends to provide an upper edge to manufacturers.

More Valuable Insights

Fact.MR, in its new offering, presents an unbiased analysis of the acetone derivatives market, presenting historical market data (2016-2020) and forecast statistics for the period of 2021-2031.

The study reveals essential insights on the basis of product type (bisphenol A, diacetone alcohol, methyl methacrylate, isophorone, and  methyl isobutyl ketone), grade (chemical grade, food grade, and pharma grade), application (solvents, additives, and intermediates), and end use (paints & coatings, cosmetics & personal care, pharmaceuticals, adhesives , chemicals, and others), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and MEA).

About the Chemical and Material Division at Fact.MR

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned chemical and material team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the automotive industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

For more information, refer to our market research report or contact the PR author.

Yash Pathak

Fact.MR

Sr. Consultant – Chemical and Material

E-mail: Yash@factmr.com

- Request for More Information -

Acetone Derivatives Market

Acetone Derivatives Market
*
*
*
*
*
*

I would like to request for

Acetone Derivatives Market is Expected to Witness Rising Demand for Bisphenol A Segment during 2021-2031