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Acetone Derivatives Market: Introduction

  • Acetone derivatives are widely used as solvents and chemical intermediates. They are employed in the coatings industry as solvents for nitrocellulose and other cellulose ethers and for vinyl chloride–vinyl acetate and other resins. They are also used in the manufacture of pharmaceuticals, plastics, fibers, and films.
  • Properties such as slow evaporation, low surface tension, low density, and high boiling point make acetone derivatives an important solvent, which can be used for high-solid coatings
  • Along with the paints & coating industry, acetone derivatives are utilized in plastics, fibers, and films industries. They are also used in mining and metal extraction processes as ore-floating agents.

Key Drivers of Global Acetone Derivatives Market

  • Acetone derivatives are widely used in the paints & coatings industry and as contact cement solvents in the construction industry. Increasing population and urbanization is leading to growth of the global construction industry. This, in turn, is driving the global acetone derivatives market.
  • Technological advancements in high-performance engines call for high-performance lubricants and fuels in order to perform in an efficient manner. Owing to this, the demand for acetone derivatives from the fuel & lubricant industry has risen.
  • Rise in the production in automotive and aerospace industries is fueling the demand for protective coatings. This, in turn, is boosting the global acetone derivatives market
  • Strategic acquisitions taking place in the global acetone derivatives market are driving the market. For instance, in November 2019, Ketones & Additives, LLC, an affiliate of ALTIVIA Petrochemicals, acquired Dow's acetone derivatives business and associated chemical manufacturing assets. The acetone derivatives business segment of Dow manufactures ketones and carbinols, which are used primarily in coatings, adhesives, and pharmaceutical industries.

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High Costs of Raw Materials to Restrain Global Acetone Derivatives Market

  • Stringent regulations on the usage of acetone derivatives are expected to restrain the global acetone derivatives market during the forecast period

Global Acetone Derivatives Market: Application Segments

  • In terms of application, the global acetone derivatives market can be segmented into additives, degreasers, coupling agents, cleaning agents, and others
  • The additives segment is projected to account for a major share of the global acetone derivatives market by 2027
  • Expanding at a significant rate, the cleaning agents segment is expected to create significant incremental opportunity during the forecast period. Demand for other industrial applications is expected to remain moderate to high across different regions.

Asia Pacific to be a Key Market for Acetone Derivatives

  • In terms of region, the global acetone derivatives market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • The Asia Pacific acetone derivatives market is expected to witness continuous growth during the forecast period, followed by Latin America. Driven by growth in sales of acetone derivatives in various end-user sectors in the region, the Asia Pacific market is expected to witness sustainable growth in the next few years.
  • The cosmetics & personal care industry in regions such as the Middle East is strong. This factor makes the Middle East a potential market for acetone derivatives.
  • Regions such as North America and Western Europe are mature markets. Despite this, strong presence of paints & coatings, pharmaceutical, and chemical industries in these regions make them promising markets for acetone derivatives.

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Key Manufacturers Operating in Global Market

The global acetone derivatives market was highly fragmented in 2018. Key manufacturers operating in the global market are:

  • Dow Chemical Company
  • Sasol Solvents
  • Eastman Chemical Company
  • Celanese Corporation
  • Shell Chemicals
  • Solvay Chemicals
  • Exxon Mobil
  • Arkema Group
  • Shell Corporation

Global Acetone Derivatives Market: Research Scope

Global Acetone Derivatives Market, by Product

  • Isobutyl Heptyl Ketone
  • Diisobutyl Ketone
  • Mesityl Oxide
  • Diacetone Alcohol
  • Methyl Isobutyl Ketone
  • Methyl Isobutyl Carbinol
  • Isophorone

Global Acetone Derivatives Market, by Application

  • Additives
  • Degreasers
  • Coupling Agents
  • Cleaning Agents
  • Others

Global Acetone Derivatives Market, by End-use

  • Agrochemical
  • Cosmetics & Personal Care
  • Building & Construction
  • Paints & Coatings
  • Pharmaceutical
  • Chemical
  • Others

Global Acetone Derivatives Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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 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.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players 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.

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Acetone Derivatives Market

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