Acetone Market Growing Trends, Top Manufactures And Top players
Acetone is a colorless, volatile liquid that is used extensively in both homes and businesses. It is made up chemically of two methyl groups joined to a carbonyl group. Using the formula CH3COCh3, it becomes a ketone. Acetone has a characteristic sweetish smell and is miscible with a wide range of organic solvents. It is also very soluble in water.
Acetone Market Overview
The report published by Maximize Market Research helps clients to understand the competitive landscape in detail, which is a guide for strategic planning. The Acetone Market overview provides thorough details about the size of the market, trade statistics, leading players, and various market.
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Acetone Market Report Scope and Research Methodology
The technology adoption, financial standing, portfolio, merger and acquisition, joint ventures and strategic alliances are covered in the competitive environment for the Acetone market. A thorough report includes the drivers, restraints, opportunities, and challenges of the Acetone market. To understand Acetone market estimations and growth rates, a bottom-up approach was used in the report.
Regional analysis of the Acetone market was conducted at a local, regional and global level to understand the Acetone market penetration, price and demand analysis and competitive landscape. The report provides fundamental information on the Acetone market such as stakeholders, investors and new entrants used to develop marketing plans and investments.
Acetone Market Regional Insights
The Asia-Pacific region accounted for the largest portion of the global acetone market in 2023, and it is projected to grow rapidly over the course of the forecast period due to factors like increased urbanization and industrialization, easy access to raw materials, and cheaper labor costs in nations like China and India. Dimethyl ketone is frequently used as a solvent in a variety of manufacturing processes. The need for acetone for manufacturing operations has expanded along with the production and consumption of chemicals, medicines, and personal care products in China, India, South Korea, Japan, and other Southeast Asian nations. The dynamics of manufacturing and the market are impacted by the strict regulatory measures pertaining to environmental standards.
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Acetone Market Segmentation
by Application
Methyl methacrylate
Bisphenol-A
Solvent
Others
The market for acetone is divided into several segments based on its application, including solvent, bisphenol-A, and methyl methacrylate. Since acetone is a commonly used solvent in the market, the solvent category had the biggest market share in 2023. Acetone is a crucial ingredient in the creation of paint and coatings because of its capacity to dissolve a wide range of materials. Acetone is mostly utilized as a solvent in the cosmetics sector to preserve the consistency of nail polish remover. Over the course of the projected period, the methyl methacrylate segment is expected to develop significantly. For the synthesis of MMA, a multipurpose chemical used to make acrylic resins, paints, and coatings, acetone is an essential ingredient. Because bisphenol-A is being used more often in the production of polycarbonate, there is a large increase in demand for it.
by Grade
Technical Grade
Specialty Grade
by End User
Chemicals
Pharmaceuticals
Cosmetics
Electric & Electronics
Acetone Market Key Players
1. Royal Dutch Shell PLC
2. The Dow Chemical Company
3. Mitsui Chemicals, Inc.
4. Sasol
5. Hindustan Organic Chemicals Limited
6. Domo Chemicals
7. Honeywell International, Inc.
8. Prasol Chemicals Pvt. Ltd.
9. EMCO Limited
10. KUMHO P&B Chemicals., Inc.
11. SABIC
12. LyondellBasell Industries Holdings B.V.
13. Arkema
14. CEPSA Quimica, S.A
15. Solvay
16. INEOS Phenol
17. Formosa Chemical and Fiber Corporation
18. Gepsa Quimica
19. Spectrum chemical Mfg. Corp.
20. Altivia Chemicals
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Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size & Forecast by different segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
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