Acetone Cyanohydrin Market: Overview

Acetone cyanohydrin is a colorless liquid that is used as an intermediate for chemical synthesis. It is also known as cyanohydrin-2-propanone, α-hydroxyisobutyronitrile, and 2-hydroxy-2-methyl-propionitrile. At lab scale, acetone cyanohydrin is produced by the reaction of sodium cyanide with acetone. Further, the resulting mixture is acidified to form acetone cyanohydrin. Acetone cyanohydrin is incompatible with sulfuric acid, caustics. It is majorly used in the production of methyl methacrylate, which is a monomer of transparent plastic polymethyl methacrylate (PMMA) (also called acrylic). PMMA is a thermoplastic material, which is used as a substitute for glass due to its resistance to UV light and light transmitting ability. Plastic polymethyl methacrylate is employed in making windows of cars, screens of cellphones, aquariums, etc.

Acetone Cyanohydrin Market: Drivers & Restraints

Affordability of plastics products is increasing at a rapid pace, as plastic is a cost effective option, for most of the people across globe, especially in developing nation. This is driving the acetone cyanohydrin market. Additionally, acetone cyanohydrin is classified as an extremely hazardous substance by the U.S. Emergency Planning and Community Right-To-Know Act. It can cause issues in breathing and enlargement of the thyroid gland. Decomposition of acetone cyanohydrin releases highly toxic hydrogen cyanide. The adverse effects of acetone cyanohydrin on human health is acting as a restraint for the global acetone cyanohydrin market.

Acetone Cyanohydrin Market: Key Segments

In terms of end-user, the global acetone cyanohydrin market can be divided into insecticide, pharmaceuticals, plastics, and others (including perfumes). Acetone cyanohydrin is widely used as an intermediate for the production of plastic products such as plexiglass, artificial teeth, acrylic paints, laser cut acrylic panels, and contact lenses. Acetone cyanohydrin is also employed in production of insecticides. It is used to manufacture ethyl alpha-hydroxyisobutyrate, which is a pharmaceutical intermediate. Acetone cyanohydrins is used as a complexing agent for metal separation processes. Despite these applications, acetone cyanohydrin is considered potentially hazardous chemical, as it releases hydrogen cyanide when it comes in contact with water. Environmental and health regulations associated with acetone cyanohydrins in North America and Europe are acting as major restraints for the market. 

Acetone Cyanohydrin Market: Regional Outlook

In terms of region, the global acetone cyanohydrin market can be segregated into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. China and India are anticipated to constitute major share of the global market during the forecast period. The acetone cyanohydrin market in Asia Pacific is likely to expand at a rapid pace due to the rise in per capita income in developing economies such as China and India. Increase in per capita income is boosting the spending power of consumers. This, in turn, is estimated to propel the demand for plastic and its products in Asia Pacific.

Acetone Cyanohydrin Market: Key Players

Prominent players operating in the global acetone cyanohydrin market include Tokyo Chemical Industry Co., Ltd., BASF SE, Evonik Industries AG, Mitsubishi Chemicals Co. Ltd., The Dow Chemical Company, and INEOS AG. These companies are engaged in research and development activities, strategic alliances, and mergers and acquisitions to gain market share.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.