Acetone Cyanohydrin Market Size to Witness Sustained Growth throughout the Forecast Period (2019-2027)

Acetone Cyanohydrin Market: Overview

Acetone cyanohydrin is a colorless liquid that is used as an intermediate for chemical synthesis. It is also known as cyanohydrin-2-propanone, α-hydroxyisobutyronitrile, and 2-hydroxy-2-methyl-propionitrile. At lab scale, acetone cyanohydrin is produced by the reaction of sodium cyanide with acetone. Further, the resulting mixture is acidified to form acetone cyanohydrin. Acetone cyanohydrin is incompatible with sulfuric acid, caustics. It is majorly used in the production of methyl methacrylate, which is a monomer of transparent plastic polymethyl methacrylate (PMMA) (also called acrylic). PMMA is a thermoplastic material, which is used as a substitute for glass due to its resistance to UV light and light transmitting ability. Plastic polymethyl methacrylate is employed in making windows of cars, screens of cellphones, aquariums, etc.

Acetone Cyanohydrin Market: Drivers & Restraints

Affordability of plastics products is increasing at a rapid pace, as plastic is a cost effective option, for most of the people across globe, especially in developing nation. This is driving the acetone cyanohydrin market. Additionally, acetone cyanohydrin is classified as an extremely hazardous substance by the U.S. Emergency Planning and Community Right-To-Know Act. It can cause issues in breathing and enlargement of the thyroid gland. Decomposition of acetone cyanohydrin releases highly toxic hydrogen cyanide. The adverse effects of acetone cyanohydrin on human health is acting as a restraint for the global acetone cyanohydrin market.

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Acetone Cyanohydrin Market: Key Segments

In terms of end-user, the global acetone cyanohydrin market can be divided into insecticide, pharmaceuticals, plastics, and others (including perfumes). Acetone cyanohydrin is widely used as an intermediate for the production of plastic products such as plexiglass, artificial teeth, acrylic paints, laser cut acrylic panels, and contact lenses. Acetone cyanohydrin is also employed in production of insecticides. It is used to manufacture ethyl alpha-hydroxyisobutyrate, which is a pharmaceutical intermediate. Acetone cyanohydrins is used as a complexing agent for metal separation processes. Despite these applications, acetone cyanohydrin is considered potentially hazardous chemical, as it releases hydrogen cyanide when it comes in contact with water. Environmental and health regulations associated with acetone cyanohydrins in North America and Europe are acting as major restraints for the market.

Acetone Cyanohydrin Market: Regional Outlook

In terms of region, the global acetone cyanohydrin market can be segregated into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. China and India are anticipated to constitute major share of the global market during the forecast period. The acetone cyanohydrin market in Asia Pacific is likely to expand at a rapid pace due to the rise in per capita income in developing economies such as China and India. Increase in per capita income is boosting the spending power of consumers. This, in turn, is estimated to propel the demand for plastic and its products in Asia Pacific.

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Acetone Cyanohydrin Market: Key Players

Prominent players operating in the global acetone cyanohydrin market include Tokyo Chemical Industry Co., Ltd., BASF SE, Evonik Industries AG, Mitsubishi Chemicals Co. Ltd., The Dow Chemical Company, and INEOS AG. These companies are engaged in research and development activities, strategic alliances, and mergers and acquisitions to gain market share.

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Tunnel Boring Machine Market: Applications, Revenue, Growth and Trends

Tunnel boring machines are gigantic special-purpose machines, particularly used in building tunnels for roads, railways, and pipelines. These machines are long with circular cross-sections and help in boring round holes through any rock. Tunnel boring machines are intricate assemblies of several systems working in conjunction with each other. Diameter of tunnel boring machines ranges from 1 meter to 20 meters. These machines can cut clean through rocks, sometimes along with creating concrete shields around the bored tunnels. The tunnel boring machine market is largely driven by the increase in spending on road and railway infrastructure. Countries such as China, Japan, Italy, South Korea, Norway, and Germany have vast tunnel networks. The key reason is to connect major cities within the country, sometimes even international, with minimum commute time. This largely optimizes the transportation costs and connects cities to boost commerce. The other method for building tunnels is...

GLOBAL WOOD COATINGS MARKET TO TOUCH VALUATION OF US$17.595 BN BY 2025 END

The global wood coatings market features a highly competitive landscape owing to the presence of a plethora of companies competing against one another, notes Transparency Market Research (TMR). Top players in the wood coatings market increasingly resort to forward integration strategies to gain substantial competitive benefits, which may help them to retain their stronghold over the assessment period. Several players are also focusing on product differentiations to attract more consumers and consolidate their positions in various regions. This is especially the trend among small- and medium-scale manufacturers who find this a key strategy to gain a foothold in the wood coatings market. TMR finds that the wood coatings market is also fairly consolidated as the top four players held a combined share of nearly 60.0% in 2016. These companies are RPM International Inc., Akzo Novel N.V., PPG Industries Inc., and The Sherwin Williams Company. Of these, The Sherwin Willia...

ANTHOCYANIN CONSUMPTION LEVELS TO TAKE OFF IN DEVELOPING REGIONAL MARKET

TMR projects the global anthocyanin market to reach US$ 735.9 Mn by 2026. Over this period of 2018-2026, the anthocyanin market is forecast to report a CAGR of 4.6%. Among the key end use segments, the food and beverages industry is likely to lead the market in 2018. The trend is likely to remain unchanged throughout the course of the forecast period. Regionally, the North America anthocyanin market held the leading share in the global market in 2018. The global anthocyanin market exhibits the presence of several large companies. Besides this, domestic players enjoy a stronghold in regional pockets, which has rendered the market highly competitive. According to a new study by Transparency Market Research (TMR), Archer Daniels Midlands Co., Sensient Technologies Corp, Symrise A.G., and CHR Hansen A/S held nearly 50% of the global anthocyanin market in 2018, thereby registering their dominance. To sustain growth amidst the prevailing competition, the leading players...

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