Base Year
Historical Year
Forecast Year
The global acetone cyanohydrin market value is expected to grow at a CAGR of 9.5% between 2024 and 2032.
| Global Acetone Cyanohydrin Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | XX |
| Market Size 2032 | USD Billion | XX |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 9.5% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 11.4% |
| CAGR 2024-2032 - Market by Country | India | 13.1% |
| CAGR 2024-2032 - Market by Country | China | 9.9% |
| CAGR 2024-2032 - Market by Type | Pharmaceutical Intermediates | 10.2% |
| CAGR 2024-2032 - Market by End Use | Electronics and Electrical | 10.3% |
| Market Share by Country 2023 | Australia | 2.4% |
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Rising Demand for Plastics to Aid the Growth of the Acetone Cyanohydrin Industry
The growth of the acetone cyanohydrin market 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.
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 acetone cyanohydrin demand. 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 acetone cyanohydrin market revenue.
As per the acetone cyanohydrin industry analysis, the growth of the medical sector across the globe is contributing to an increased demand for acetone cyanohydrin. In the past few years, the biopharmaceutical research and development spending has shown a general upward trend despite some fluctuations. In 2012, the R&D expenditure began at USD 129 billion and experienced moderate growth until 2018 where it reached USD 160 billion. From there, a significant jump occurred in 2019 to USD 168 billion, continuing to USD 179 billion in 2020. In 2021, the expenditure reached to USD 182 billion, projections show a steady increase to USD 213 billion by 2026.
The expansion of the automotive sector is supporting the growth of the acetone cyanohydrin industry. As per the European Automobile Manufacturers' Association (ACEA), In Greater China, vehicle production saw a positive trend from 2021 to 2022. The production numbers increased from 26,411 thousand units in 2021 to 27,222 thousand units in 2022. This growth of 811 thousand units suggests a robust recovery and expansion in the Chinese automotive sector, reflecting strong domestic demand and possibly increased export activities. Europe experienced a slight decline in vehicle production over the same period. In 2021, the region produced 16,480 thousand units, which slightly decreased to 16,391 thousand units in 2022. This reduction of 89 thousand units indicates a marginal contraction in the European automotive market, which could be attributed to supply chain disruptions, economic uncertainties, or shifts in consumer preferences towards other mobility solutions.
In North America, the vehicle production trend was notably positive, which can boost the acetone cyanohydrin industry revenue. The production increased from 13,596 thousand units in 2021 to 14,901 thousand units in 2022, marking a significant rise of 1,305 thousand units. This increase points to a strong recovery post-pandemic, bolstered by renewed consumer confidence, government incentives, and an uptick in both domestic sales and exports. Japan/Korea also showed a modest increase in vehicle production. The region’s production numbers rose from 11,065 thousand units in 2021 to 11,334 thousand units in 2022, an increase of 269 thousand units.
South Asia emerged as a significant growth area, with vehicle production jumping from 8,356 thousand units in 2021 to 10,230 thousand units in 2022, which can offer lucrative acetone cyanohydrin market opportunities. This increase of 1,874 thousand units underscores the region's rapid industrialisation, growing middle-class population, and increasing vehicle ownership rates, making it a key player in the global automotive landscape.
South America displayed a positive trend with production rising from 2,796 thousand units in 2021 to 3,025 thousand units in 2022. Additionally, the Middle East/Africa saw an increase in vehicle production from 2,103 thousand units in 2021 to 2,294 thousand units in 2022, an addition of 191 thousand units, which can boost the demand of acetone cyanohydrin market. This growth indicates a steady demand in the region, supported by economic development, urbanisation, and rising income levels.
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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.
| CAGR 2024-2032 - Market by | Type |
| Pharmaceutical Intermediates | 10.2% |
| Insecticides | 9.6% |
| Complexing Agents | 9.2% |
| Plastics | XX% |
| Others | XX% |
On the basis of application, the acetone cyanohydrin industry is divided into:
| CAGR 2024-2032 - Market by | End Use |
| Electronics and Electrical | 10.3% |
| Medical and Healthcare | 9.6% |
| Water Treatment | 9.3% |
| Automotive | XX% |
| Building and Construction | XX% |
| Others | XX% |
Based on end use, the industry can be segmented into:
| CAGR 2024-2032 - Market by | Region |
| Asia Pacific | 11.4% |
| Europe | 8.1% |
| North America | XX% |
| Latin America | XX% |
| Middle East and Africa | XX% |
| CAGR 2024-2032 - Market by | Country |
| India | 13.1% |
| China | 9.9% |
| Canada | 9.7% |
| Brazil | 9.2% |
| Australia | 7.8% |
| USA | XX% |
| UK | XX% |
| Germany | XX% |
| France | 7.4% |
| Italy | XX% |
| Japan | XX% |
| Saudi Arabia | XX% |
| Mexico | XX% |
| 2023 Market Share by | Country |
| Australia | 2.4% |
| USA | XX% |
| Canada | XX% |
| UK | XX% |
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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.
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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. As per the acetone cyanohydrin market dynamics and trends, the growing production of PMMA is the primary factor for the growth of the 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.
| 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. |
Acetone Cyanohydrin Market Size
Acetone Cyanohydrin Market Growth
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 9.5% between 2024 and 2032.
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.
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Australia
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+61-448-061-727
India
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+91-858-608-1494
Philippines
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+63-287-899-028, +63-967-048-3306
United Kingdom
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+44-753-713-2163
United States (Head Office)
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+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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