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Global Acetone Cyanohydrin Market: By Application: Insecticides, Complexing Agents, Plastics, Pharmaceutical Intermediates, Others; By End Use: Electronics and Electrical, Medical and Healthcare, Automotive, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Competitive Landscape; Industry Events and Developments

Global Acetone Cyanohydrin Market Outlook

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 9 billion in 2020 and is further expected to grow at a CAGR of 9% between 2021 and 2026.

 

Global Acetone Cyanohydrin Market

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Rising Demand for Plastics to Aid the Growth of the Acetone Cyanohydrin Industry

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 to Provide Lucrative Growth Opportunities for the Acetone Cyanohydrin Industry

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.

 

Global Acetone Cyanohydrin Market by Application

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Acetone Cyanohydrin: Market Segmentation

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:

  • Insecticide
  • Complexing Agent
  • Pharmaceutical Intermediates
  • Plastics
  • Others

Based on end use, the industry can be segmented into:

  • Electronics and Electrical
  • Medical and Healthcare
  • Automotive
  • Building and Construction
  • Water Treatment
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Acetone Cyanohydrin Market by Region

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Rising Demand from Developing Regions to Propel the Market Forward

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.

 

Key Industry Players in the Global Acetone Cyanohydrin Market

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:

  • Tokyo Chemical Industry Co., Ltd.
  • Otto Chemie Pvt Ltd
  • INEOS Group
  • Others

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 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, End Use, Region
Breakup by Application Insecticides, Complexing Agents, Plastics, Pharmaceutical Intermediates, Others
Breakup by End Use Electronics and Electrical, Medical and Healthcare, Automotive, Building and Construction, Water Treatment, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Tokyo Chemical Industry Co., Ltd., Otto Chemie Pvt Ltd, INEOS Group, Others
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 (2018-2022) 
    8.3    Global Acetone Cyanohydrin Market Forecast (2023-2028)
    8.4    Global Acetone Cyanohydrin Market by Application
        8.4.1    Insecticides
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Complexing Agents
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Plastics
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Pharmaceutical Intermediates
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2022)
            8.4.4.3    Forecast Trend (2023-2028)
        8.4.5    Others
    8.5    Global Acetone Cyanohydrin Market by End Use
        8.5.1    Electronics and Electrical
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Medical and Healthcare
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Automotive
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Building and Construction
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022)
            8.5.4.3    Forecast Trend (2023-2028)
        8.5.5    Water Treatment
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2018-2022)
            8.5.5.3    Forecast Trend (2023-2028)
        8.5.6    Others
    8.6    Global Acetone Cyanohydrin Market by Region       
        8.6.1    North America
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022) 
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022) 
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022) 
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022) 
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022) 
            8.6.5.3    Forecast Trend (2023-2028)
9    North America  Acetone Cyanohydrin Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Acetone Cyanohydrin Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Acetone Cyanohydrin Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Acetone  Cyanohydrin Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Acetone Cyanohydrin Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    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 (2018-2022) & Forecast (2023-2028)
    16.2    Europe Historical Price Trends (2018-2022) & Forecast (2023-2028)
    16.3    Asia Pacific Historical Price Trends (2018-2022) & Forecast (2023-2028)
    16.4    Latin America Historical Price Trends (2018-2022) & Forecast (2023-2028)
    16.5    Middle East & Africa Historical Price Trends (2018-2022) & Forecast (2023-2028)
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 2028
2.    Global Acetone Cyanohydrin Historical Market: Breakup by Application (USD Million), 2018-2022
3.    Global Acetone Cyanohydrin Market Forecast: Breakup by Application (USD Million), 2023-2028
4.    Global Acetone Cyanohydrin Historical Market: Breakup by End Use (USD Million), 2018-2022
5.    Global Acetone Cyanohydrin Market Forecast: Breakup by End Use (USD Million), 2023-2028
6.    Global Acetone Cyanohydrin Historical Market: Breakup by Region (USD Million), 2018-2022
7.    Global Acetone Cyanohydrin Market Forecast: Breakup by Region (USD Million), 2023-2028
8.    North America Acetone Cyanohydrin Historical Market: Breakup by Country (USD Million), 2018-2022
9.    North America Acetone Cyanohydrin Market Forecast: Breakup by Country (USD Million), 2023-2028
10.    Europe Acetone Cyanohydrin Historical Market: Breakup by Country (USD Million), 2018-2022
11.    Europe Acetone Cyanohydrin Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Asia Pacific Acetone Cyanohydrin Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Asia Pacific Acetone Cyanohydrin Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Latin America Acetone Cyanohydrin Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Latin America Acetone Cyanohydrin Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Middle East and Africa Acetone Cyanohydrin Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Middle East and Africa Acetone Cyanohydrin Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    North America Historical Price Trends and Forecast 2018-2028
19.    Europe Historical Price Trends and Forecast 2018-2028
20.    Asia Pacific Historical Price Trends and Forecast 2018-2028
21.    Latin America Historical Price Trends and Forecast 2018-2028
22.    Middle East and Africa Historical Price Trends and Forecast 2018-2028
23.    Global Acetone Cyanohydrin Market Structure

Key Questions Answered in the Report

The global acetone cyanohydrin market is being aided by the growing demand for methyl methacrylate, which attained a value of nearly USD 9 billion in 2020.

The methyl methacrylate market is projected to grow at a CAGR of 9% between 2021 and 2026; 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.

Analyst Review

The global acetone cyanohydrin market is being driven by the rising methyl methacrylate demand, which attained a value of USD 9 billion in 2020. The methyl methacrylate market is expected to witness a further growth in the forecast period of 2023-2028, 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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