Friday, 22 December 2017

Acetone Market 2017-2021

MRC Announces the Publication of its Research Report – Global Acetone Market 2017-2021
MRC recognizes the following companies as the key players in the global acetone market: BASF, CEPSA, The Dow Chemical Company, INEOS, and Royal Dutch Shell
Other Prominent Vendors in the market are: Shanghai Sinopec Mitsui Chemicals, Honeywell International, and Prasol Chemicals
Commenting on the report, an analyst from MRC’s team said: “The latest trend gaining momentum in the market is Growing use of polycarbonate (manufactured using BPA) in automotive industry. There is an increasing use of polycarbonate as a substitute for glass and metal in the automotive industry. Polycarbonate is increasingly becoming a material of choice for lighting applications such as light housings and headlamp lenses and bezels, which require exceptional light transparency and high temperature and impact resistance.”
According to the report, one of the major drivers for this market is Growing demand for epoxy resins in wind energy sector spurs consumption of BPA. Large volumes of epoxy resins are used in the synthesis of composites and substances such as adhesives. These are consumed extensively to manufacture rotor blades and other mechanical components in wind turbines. At present, most of the wind blade manufacturers prefer BPA-based epoxy resins owing to their better adhesion and properties, such as lightweight, reduced shrinkage after cooling, and fatigue resistance.
Further, the report states that one of the major factors hindering the growth of this market is Growing demand for bio-solvent. The rising demand for bio-based solvent will slow down the growth of the global acetone market during the forecast period. Acetone is consumed for tool and brush cleaning, heavy cleaning, and to remove paint and resin spills. Bio-Solv is a green substitute that offers better cleaning capability and also does not have hazardous effects of acetone. Bio-Solv is biodegradable and non-toxic, which means no special dumping methods are essential. Biodegradable substitutes are gaining importance in boatyards and boat builders as they improve the health of workers and safeguard the environment.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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