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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Acetone Cyanohydrin Market Trends
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.
Acetone Cyanohydrin Market Report Snapshots
Acetone Cyanohydrin Market Size
Acetone Cyanohydrin Market Growth
Acetone Cyanohydrin Market Trends
Acetone Cyanohydrin Market Regional Analysis
*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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Key Questions Answered in the Report
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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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