The global acetone market is expected to reach USD 6.64 Billion by 2027, according to a new report by Reports and Data. 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.
The rapid growth of the cosmetics industry is estimated to drive the market demand for acetone in the forecast period. The developing nations in the Asia Pacific and Latin America regions are likely to offer substantial growth opportunities for the cosmetics industry. Acetone is popular as the primary ingredient in nail polish remover. Moreover, cosmetic products, including makeup and skin creams, comprise acetone as a solvent provider to different chemicals. It is also a chief constituent in chemical skin peels to treat acne.
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.
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Key Manufacturers 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 PB Chemicals, among others.
For the purpose of this report, Reports and Data have segmented the global acetone market on the basis of grade, application, industry vertical, and region:
Grade Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
- Technical Grade
- Specialty Grade
Application Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
- Solvents
- Bisphenol-A
- Methyl Methacrylate (MMA)
- Methyl Isobutyl Ketone
- Others
Industry Vertical Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
- Cosmetics
- Electronics
- Automotive
- Construction
- Agriculture
- Paints Coatings
- Pharmaceuticals
- Others
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The study offers valuable insights into the regional landscape of industry verticals, coupled with the established companies that have gained a substantial position in the industry.
Summary of the Global Acetone Market:
- The report offers an in-depth analysis of the regional landscape
- A comprehensive overview of the competitive landscape
- A detailed outline of the market segmentation
Detailed Analysis of the Regional Segmentation:
The report analyses the regional market of this industry through extensive study. The global Acetone market has established its base in the key regions of the world. These key regions cover areas such as North America, Latin America, Europe, Asia Pacific, and Middle East Africa.
The report includes valuable insights pertaining to the industry shares and market position as per the market share occupied by these geographies. Additionally, the report also offers the upcoming growth opportunities and prospects for the key players of the industry in these key regions. It also offers the expected growth rate that the industry is anticipated to register over the forecast timeline.
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Highlights of the TOC:
Chapter 1: Methodology Scope
Chapter 2: Summary of the Acetone Market
Chapter 3: Insights into Acetone Industry
Chapter 4: Regional Analysis
Chapter 5: Company profiles
And Many More.
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