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The global acetone cyanohydrin market is being supported by the rising demand for methyl methacrylate. The global methyl methacrylate market attained a value of USD 11.65 billion in 2023 and is further expected to grow at a CAGR of 9% between 2024 and 2032.
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The acetone cyanohydrin industry is being driven by the growing demand for plastics. The product is majorly used as an intermediate in the preparation of methyl methacrylate (MMA), which is further converted to the thermoplastic, polymethyl methacrylate (PMMA). With the growing affordability of plastic products, PMMA is witnessing an increased demand from various end-user industries such as electronics and electrical, healthcare, automotive, and construction, among others.
The Asia Pacific is one of the leading consumers of acetone cyanohydrin, accounting for a significant share in the industry. Within the Asia Pacific, China is the major demand driving region owing to the product's increased demand from the methyl methacrylate (MMA) industry. The growing production of PMMA is the primary factor for the growth of MMA industry. The other significant markets for the product are Europe and North America. However, environmental and health regulations associated with the product may hamper the industry growth in such regions.
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Acetone cyanohydrin (ACH), an organic compound, is a colourless liquid with the chemical formula C4H7NO. It can be produced by the reaction of sodium cyanide with acetone, which is further acidified to form acetone cyanohydrin. Its primary role is as an intermediate in the production of methyl methacrylate. The methyl methacrylate produced is further polymerised to obtain the transparent plastic polymethyl methacrylate (PMMA). PMMA is a popular thermoplastic material, which is used as an alternative to glass in car windows, cellphone screens, aquariums, and others, owing to its resistance to UV rays and its light-transmitting ability.
On the basis of application, the market is divided into:
Based on end use, the industry can be segmented into:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The growing consumption of plastics in various end-use industries due to its cost-effective and versatile nature is driving the growth of the global acetone cyanohydrin industry. The growth is expected to be higher in the developing regions owing to the growing urbanisation and rapid industrialisation. With the growing construction activities and an increase in sales of consumer electronics, there has been an increased demand for acetone cyanohydrin in developing nations like India and China.
Owing to technological advancements, the end-use industries, including automotive and healthcare, are anticipated to further grow in the future. This is expected to have a positive effect on the expansion of the global acetone cyanohydrin industry.
The report gives a detailed analysis of the following key players in the global acetone cyanohydrin market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Application |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Acetone Cyanohydrin Market Analysis
8.1 Key Industry Highlights
8.2 Global Acetone Cyanohydrin Historical Market (2018-2023)
8.3 Global Acetone Cyanohydrin Market Forecast (2024-2032)
8.4 Global Acetone Cyanohydrin Market by Application
8.4.1 Insecticides
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Complexing Agents
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Plastics
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Pharmaceutical Intermediates
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Acetone Cyanohydrin Market by End Use
8.5.1 Electronics and Electrical
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Medical and Healthcare
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Automotive
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Building and Construction
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Water Treatment
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Acetone Cyanohydrin Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Acetone Cyanohydrin Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Acetone Cyanohydrin Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Acetone Cyanohydrin Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Acetone Cyanohydrin Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Acetone Cyanohydrin Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
16.1 North America Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.2 Europe Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.3 Asia Pacific Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.4 Latin America Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.5 Middle East & Africa Historical Price Trends (2018-2023) & Forecast (2024-2032)
17 Manufacturing Process
17.1 Overview
17.2 Detailed Process Flow
17.3 Operation Involved
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Tokyo Chemical Industry Co., Ltd.
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Otto Chemie Pvt Ltd
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 INEOS Group
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Others
19 Key Trends and Developments in the Market
Additional Customisations Available
1 Project Requirements and Cost Analysis
1.1 Land, Location, and Site Development
1.2 Construction
1.3 Plant Machinery
1.4 Raw Material
1.5 Packaging
1.6 Transportation
1.7 Utilities
1.8 Manpower
1.9 Other Capital Investment
List of Key Figures and Tables
1. Global Acetone Cyanohydrin Market: Key Industry Highlights, 2018 and 2032
2. Global Acetone Cyanohydrin Historical Market: Breakup by Application (USD Million), 2018-2023
3. Global Acetone Cyanohydrin Market Forecast: Breakup by Application (USD Million), 2024-2032
4. Global Acetone Cyanohydrin Historical Market: Breakup by End Use (USD Million), 2018-2023
5. Global Acetone Cyanohydrin Market Forecast: Breakup by End Use (USD Million), 2024-2032
6. Global Acetone Cyanohydrin Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Acetone Cyanohydrin Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Acetone Cyanohydrin Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Acetone Cyanohydrin Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Acetone Cyanohydrin Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Acetone Cyanohydrin Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Acetone Cyanohydrin Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Acetone Cyanohydrin Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Acetone Cyanohydrin Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Acetone Cyanohydrin Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Acetone Cyanohydrin Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Acetone Cyanohydrin Market Forecast: Breakup by Country (USD Million), 2024-2032
18. North America Historical Price Trends and Forecast 2018-2032
19. Europe Historical Price Trends and Forecast 2018-2032
20. Asia Pacific Historical Price Trends and Forecast 2018-2032
21. Latin America Historical Price Trends and Forecast 2018-2032
22. Middle East and Africa Historical Price Trends and Forecast 2018-2032
23. Global Acetone Cyanohydrin Market Structure
The global acetone cyanohydrin market is being aided by the growing demand for methyl methacrylate, which attained a value of nearly USD 11.65 billion in 2023.
The methyl methacrylate market is projected to grow at a CAGR of 9% between 2024 and 2032 thus, further aiding the growth of the acetone cyanohydrin industry.
The major drivers of the industry, such as rising disposable incomes, increasing population, increasing demand for plastics, increasing use of the product to produce methyl methacrylate, rapid urbanisation, and growing demand from the end-use industries, are expected to aid the market growth.
The key trend guiding the growth of the market includes the rising technological advancements in the end-use industries.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading application segments in the industry are insecticide, complexing agent, pharmaceutical intermediates, and plastics, among others.
The major end-use sectors in the market are electronics and electrical, medical and healthcare, automotive, building and construction, and water treatment, among others.
The major players in the industry are Tokyo Chemical Industry Co., Ltd., Otto Chemie Pvt Ltd, and INEOS Group, among others.
The global acetone cyanohydrin market is being driven by the rising methyl methacrylate demand, which attained a value of USD 11.65 billion in 2023. The methyl methacrylate market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 9%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on application, the market is segmented into insecticide, complexing agent, pharmaceutical intermediates, and plastics, among others. On the basis of end use, the industry is divided into electronics and electrical, medical and healthcare, automotive, building and construction, and water treatment, among others. The major regional markets for acetone cyanohydrin are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Tokyo Chemical Industry Co., Ltd., Otto Chemie Pvt Ltd, and INEOS Group, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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