Market Overview: Acetone Cyanohydrin Market
Acetone and hydrogen cyanide react in the presence of aqueous solutions like KOH and NaOH to produce acetone cyanohydrin. However, the intermediate product is unstable in alkaline solution, thus sulphuric acid is used to treat it until its pH reaches 1-2. The production of methylacrylates, methacrylamide, methacrylic acid, and methacrylonitrile, among other products, uses acetone cyanohydrin as an intermediary product.
Methylmethacrylates are mostly produced using acetone cyanohydrin as a raw material (MMA). Polymethyl methacrylate is created using methylmethacrylates. Acetone cyanohydrin is also used in the production of insecticides, flavorings, and pharmaceuticals, among other things.
Significant demand from the methylmethacrylate sector propelled the market for acetone cyanohydrin. Polymethylmethacrylate is created by further polymerization of methylmethacrylate (PMMA). PMMA is used in a number of end-use industries, including the waste management, water treatment, automotive, electronics & electrical, signs & displays, medical & healthcare, and building & construction sectors.
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Electronics & electrical was one of the major industries for PMMA in the past decade. Another major outlet for acetone cyanohydrins was insecticides where it is used as a raw material.
Acetone cyanohydrin is used to manufacture ethyl alpha-hydroxyisobutyrate, a pharmaceutical intermediate. In addition, acetone cyanohydrins are also used in the metal separation process in the form of a complexing agent.
In spite of this variety of applications, acetone cyanohydrin is usually considered as potentially hazardous chemical as it releases hydrogen cyanide when in contact with water. These environmental and health regulations associated with acetone cyanohydrins in North America and Europe can have major impact on the market and is likely to hinder the growth of the acetone cyanohydrin market during the forecast period.
Regional Outlook
In terms of demand, Asia Pacific was the leading consumer for acetone cyanohydrin market. China had the largest demand for acetone cyanohydrin market owing to huge demand from methyl methacrylate industry. Huge demand for PMMA has been the key factor for growth of MMA industry.
Moreover, other countries such as Japan, India, South Koreaand Taiwan are likely to exhibit more demand for acetone cyanohydrin in upcoming years owing to huge demand from MAA industry. Asia Pacificwas followed by Europe. Growing demand from agrochemical and MMA industry is driving the acetone cyanohydrin market in Europe. European countries such as Germany, the UK, Sweden and France were the major consumers of acetone cyanohydrin in this region.
However, stringent health and environmental regulations associated with acetone cyanohydrin in European Union can act as a major restraint for the market in next few years to come. In 2012, North America had the third-largest demand for acetone cyanohydrin.
The North America market for acetone cyanohydrin was led by The U.S. However, acetone cyanohydrin is considered as potentially hazardous material in U.S. Emergency Planning and Community Right-to-Know Act which can constraint the growth of the acetone cyanohydrin market in this region.
Rest of the World market is anticipated to stable demand for acetone cyanohydrin market in near future owing to demand for PMMA, subsequently driving growth for acetone cyanohydrin in next few years.
Key Players
The market for acetone cyanohydrin is concentrated and is dominated by major manufacturers. Some of the key manufacturers in theacetone cyanohydrinmarket are BASFSE, Evonik Industries AG, INEOS, Mitsubishi Chemicals Co. Ltd., The Dow Chemical Company, Tokyo Chemical Industry Co. and UNEP Chemicals among others.
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Key geographies evaluated in this report
- North America
- U.S
- Canada
- Europe
- France, Germany, Italy, Spain, and the UK
- Eastern Europe
- CIS
- APAC
- China
- India
- Japan
- Australia
- Others
- Latin America
- Argentina
- Brazil
- Others
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Key features of this report
- Drivers, restraints, and challenges shaping the Acetone Cyanohydrin market dynamics
- Latest innovations and key events in the industry
- Analysis of business strategies of the top players
- Acetone Cyanohydrin market estimates and forecasts (2015 -2021)
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