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Acetone Market Size and Share By Demand, Worldwide Research, Prominent Players, Emerging Trends, Opportunities and Revenue till 2028
The global acetone market is expected to gain momentum from the high demand for petrochemicals and chemicals from several end-use industries. This information is given by Fortune Business Insights™ in a new study, titled, “Acetone Market Size, Share & COVID-19 Impact Analysis, By Application (Solvent, Bisphenol A (BPA), Methyl Methacrylate (MMA), and Others), By End-use (Paints & Coatings, Plastic, Automotive, Adhesives, Pharmaceuticals, Cosmetics, Electrical & Electronics, and Others), and Regional Forecast, 2020-2027.” The study further mentions that the acetone market size was USD 3,962.0 million in 2019 and is projected to reach USD 4,995.3 million by 2027, exhibiting a CAGR of 3.7% during the forecast period.
COVID-19 Pandemic to Affect Growth Backed by Ongoing Crude Oil Price War
The COVID-19 pandemic has negatively affected the global chemical industry. It has disrupted supply chains and created uncertainty in the demand worldwide. Also, restrictions from governments on manufacturing activities may hinder growth. The ongoing crude oil price war is also set to hamper growth.
To get to know more about the short-term and long-term impact of COVID-19 on this market, please visit: https://www.fortunebusinessins....ights.com/acetone-ma
How Did We Create This Report?
We employ iterative and comprehensive research techniques focusing on minimizing deviance. We use a combination of top-down and bottom-up approaches for estimating and segmenting quantitative aspects of the parent’s market. At the same time, data triangulation is used to look at the market from three perspectives. Simulation models were used to gather data about the market forecasts and estimates.
Drivers & Restraints-
Increasing Manufacturing of Sanitizers and Disinfectants to Drive Growth
The increasing production of disinfectants and sanitizers worldwide is set to surge the demand for dimethyl ****ne as isopropanol is derived from it. Besides, the high popularity of cosmetics and personal care products would aid the acetone market growth throughout the forthcoming years. However, acetone possesses higher initiation energy points and can’t auto-ignite. This may hamper its demand.
Segment-
Paints & Coatings Segment to Grow Steadily Fueled by Higher Usage of Solvents
Based on end-use, the plastic segment earned 33.3% in terms of the global acetone market share in 2019. The paints & coatings segment generated the largest share in 2019 because of the rising usage of solvents in this sector as it can dissolve non-polar and polar substances.
Regional Insights-
Easy Availability of Raw Materials to Favor Growth in Asia Pacific
In 2019, Asia Pacific held USD 1,739.2 million in terms of revenue. This growth is attributable to the lower labor cost and easy availability of raw materials in emerging countries, such as India and China. Dimethyl ****ne is extensively used in numerous manufacturing processes as an industrial solvent in the region.
North America, on the other hand, is anticipated to grow considerably backed by the increasing research and development activities in the electronics sector. It would further surge the demand for Bisphenol A. The presence of large chemical industries in the U.K., Italy, and Germany would propel growth in Europe.
Competitive Landscape-
Key Players Focus on Signing New Agreements to Enhance Their Portfolios
The market for acetone contains many manufacturers that are mainly focusing on expanding their production capacities by adopting state-of-the-art technologies from other organizations. Some of the others are aiming to sign new agreements to acquire businesses of prominent firms. Below are the two latest industry developments:
February 2020: PKN ORLEN is planning to adopt the Phenol 3G and UOP Q-Max™ technologies to manufacture 200,000 metric tons of phenol per year. It will be done in its facility situated in Poland. UOP is likely to offer a license for the technologies, along with adsorbents, catalysts, key equipment, and basic engineering design services.
August 2019: Dow signed an agreement with ALTIVIA Ketones & Additives, LLC to sell off its Acetone Derivatives business. The company will now be able to align more with ALTIVIA’s portfolio and will aim to gain higher returns.
A list of all the renowned acetone manufacturers operating in the global market:
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In order to prevent such mishaps, you need an effective strategy and preventive measures with the best security alarm company in League City to safeguard your family, valuables, employees, and assets. With PHT'S range of security solutions, you can secure your entry points and install alarms that deter such criminals from targeting your property. Our security systems also control who enters your property, even when you're not around.
Home Security Systems for Daily Use
Your home is where you can come back and relax with your family. However, the threat of unauthorized intrusions and burglary are very real, especially when no one's around.
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India Electric Kitchen Appliances Market Size, Outlook, Segments, Share, Demand, Application Analysis, Business Opportunities, Regional
The electric appliances have the highest market growth with a CAGR of 20.87% by the forecasted period. It is also expected to achieve more than 9 million units sales in 2025-26 and known to be the highest CAGR of the year.
To access the full report visit here@
https://www.actualmarketresear....ch.com/product/India
Different Methods to Disable Sync Center in Windows 10
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Polymer Foam Market Size and Share By Demand, Worldwide Research, Prominent Players, Emerging Trends, Opportunities and Revenue till 2027
The global polymer foam market size is projected to reach USD 157.63 billion by 2027, exhibiting a CAGR of 7.73% during the forecast period. Development of biodegradable polymeric foams will play a crucial role in expanding the scope of this market, observes Fortune Business Insights™ in its report, titled “Polymer Foam Market Size, Share & COVID-19 Impact Analysis, By Type (Polyurethane (PU), Polystyrene (PS), Polyethylene (PE), Polyvinyl Chloride (PVC) and Others), By Application (Automotive, Building & Construction, Packaging, Furniture, Appliances, Apparel and Others), and Regional Forecast, 2020-2027”. This foam is created by dispersing gas into the polymer matrix and can take the form of expanded rubber, cellular elastomers, or sponges. Traditional polymeric foams use petroleum products as raw materials, which has led to heightened environmental concerns as these products are extensively utilized in various end-use industries. As a result, companies are now focused on developing biodegradable polymer foams that are sustainable and whose cost or production is not affected by changes in crude oil prices. For example, New York-based Ecovative Design released Myco Foam in 2016, which the company developed from mycelium, the vegetative part of the mushroom. This foam is 100% biodegradable that can substitute polystyrene in packaging and thermal insulation applications.
The outbreak of the COVID-19 pandemic has triggered widespread turmoil in the global economic dynamics. Businesses around the world are struggling to cope with rapidly changing circumstances. Governments are devising innovative policies and measures to steer their countries out of these troubled waters. We are also taking solid efforts to generate intelligent analysis on different markets and providing a detailed assessment of the impact of this pandemic on your business
Market Driver
Research into Recyclable Polymer Foams to Create Promising Prospects
An emerging trend that is expected to catalyze the polymer foam market growth is the increasing research conducted to study the viability of recycling waste polymer foams such as phenolic foam and polyethylene terephthalate (PET) foam. A study published in the journal ‘Industrial Crops and Products’ in 2017, which created polyurethane rigid foams from recycled PET, found that the rigidity of PU foams grew three-fold and strength enhanced two-fold after adding adipic acid and glycerol. Another study published in the journal ‘Polymer Degradation and Stability’ found that recycled rigid polyisocyanurate foams derived from recovered polyols exhibited improved mechanical properties and cellular structure compared to those made from virgin polyols. Such research studies can be utilized by players to synthesize environment-friendly polymeric foams and augment the potential of this market.
Regional Insights
Asia Pacific to Lead the Market Backed up High Consumption of Polymer Materials
Asia Pacific, with market size of USD 50.36 billion in 2019, is expected to dominate the polymer foam market share during the forecast period owing to the consistently high demand and consumption of polymerized materials. This trend is mainly driven by the exponential growth in building & construction activities in the developing economies of India, China, Vietnam, and Bangladesh.
In Europe, the market is anticipated to grow at a remarkable pace on account of wide utilization of these polymer type of foams in automotive interiors and augmenting the safety quotient in vehicles. In North America, increasing demand for effective insulation materials for food packaging will be the prime factor driving the regional market growth.
Browse Summary: https://www.fortunebusinessins....ights.com/industry-r