Acetone Market is Projected to Reach USD 6910.1 Million at a CAGR of 4.70% by 2028
The Global Acetone Market is projected to grow at a CAGR of 4.70% from USD 4,758.4 Million in 2020 to USD 6,910.1 Million in 2028. Increasing demand for polycarbonates is likely to boost the market demand in the upcoming years. Polycarbonates, derived from Bisphenol-A, find increasing implementation in the automotive industry, which is one of the key drivers for the growth of the market.
Polycarbonate is increasingly deployed as an alternative for manufacturing a wide variety of materials and are most beneficial when transparency and impact resistance are a product requirement (for example, in bullet-proof glasses). Polycarbonate is usually used for plastic lenses in eyewear, protective gear, in medical devices, digital Disks (CDs, DVDs, and Blu-ray discs), greenhouses, and exterior lighting fixtures.
Top Companies Operating in the Global Acetone Market:
Honeywell Research Chemicals, Royal Dutch Shell PLC, INEOS Phenol GmbH, Mitsui Chemicals Inc., CEPSA Quimica, Inc., Prasol Chemicals Pvt. Ltd. LyondellBasell Industries Inc., ALTIVIA Ketones & Additives, LLC, SABIC, and Kumho P&B Chemicals
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Sally Beauty Supply LLC offers a number of end-use products that use acetone and hold an extensive consumer demand in this market. Acetone nail polish remover is one of the most used FMCG products and adds to the market share substantially. Being the corresponding ketone, acetone can be produced oxidizing isopropyl alcohol and can be used in many use cases. Acetone hazards, acetone density, acetone boiling point, acetone molar mass, acetone SDS are some of the factors that are considered before any chemical preparation or manufacturing process of acetone.
Acetone is a commonly used solvent primarily used in industrial and laboratory settings, as well as is considered safe enough for household applications. Currently, acetone is produced from petrochemicals as a co-product of phenol.
Acetone solvents are among the most cost-efficient and least regulated for solvents at present. Companies implement acetone solvent to dissolve superglue, thin polyester resin, and as a heavy-duty degreaser. Acetone is considered to be a solvent as it can be used for general cleaning as well as heavy degreasing jobs. Solvents are used paint, dissolving grease, or additional organic substances and designed for usage on a variety of surfaces, each with its set of handling practices and limitations. These are usually used to remove undesirable contaminants from plastic, metal, and glass surfaces. Also, these possess specific benefits such as inexpensive, low toxicity, safer to use, and water solubility, among others. These advantages make it a suitable choice when requiring a mild solvent to remove grease, dirt, oil, and glue.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Acetone market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline
- Global Growth Trends
2.1 Global Acetone market size
2.2 Latest regional market trends
2.3 Emerging growth trends
- Competitive Outlook
3.1 Global Acetone market key players
3.2 Global Acetone size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Acetone market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Acetone Market Segmentation
Grade Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2018-2028)
- Technical Grade
- Specialty Grade
Application Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2018-2028)
- Methyl Methacrylate (MMA)
- Methyl Isobutyl Ketone
Industry Vertical Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2018-2028)
- Paints & Coatings
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