Global Acetone Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global acetone market in its upcoming report titled, “Global Acetone Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global acetone market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global acetone market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global acetone market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global acetone market report has been segmented on the basis of application, end-user, and region.

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Acetone is an organic compound with molecular formulae (CH₃) ₂CO derived by oxidation of isopropyl alcohol. Acetone occurs naturally in plants, forest fire, vehicle exhaust etc. Acetone is a colorless, volatile, and flammable organic solvent. Acetone is a nasal irritant and inhalation may lead to hepatotoxic effects (causing liver damage).

Increasing use of acetone in textile industry for degreasing wool and degumming silk, and in formation of lacquers are key factor driving growth of the global acetone market. Additionally, increasing end use applications of acetone as nail polish removers, in cleansing products, fragrance products, hair care products, and skin care products are major factors boosting growth of the global acetone market. Also, acetone has a very good solvent property, it can easily mix with water to be used in printing inks, adhesives coatings, paints etc. which are other factors anticipated to fuel growth of the global acetone market.

However, inflammability of acetone and health issues pertaining to acetone such as liver damage, vomiting, and blindness caused by exposure are key factors restraining growth of the global acetone market. In addition, high price of acetone is another major factor expected to hamper growth of the global acetone market over the forecast period.

North America is a dominant player in the global acetone market and accounts for highest market share in terms of revenue as compared to that of markets in other regions. This can be attributed rising demand for acetone in textile industries in countries in the region. The market in Europe accounts for second-highest revenue share contribution in the global acetone market followed by markets in Latin America, Asia Pacific and Middle East & Africa respectively. The market in Asia Pacific is projected to witness fastest growth in terms of revenue, owing to increasing use of acetone for cosmetics in countries in the region.

Market Segmentation:

Global acetone market segmentation by application

• Methyl Methacrylate (MMA)
• Bisphenol-A
• Solvents

Global acetone market segmentation by end-user

• Automotive
• Pharmaceuticals
• Cosmetics & personal care
• Electronics
• Cleaning agent

Global acetone market segmentation by region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• INEOS Phenol
• Royal Dutch Shell PLC
• Mitsui Chemicals, Inc.
• Hindustan Organic Chemicals Limited
• DOW Chemical Co.
• BASF SE
• Sunoco
• Prasol
• Formosa Chemicals and Fiber Corporation
• Shanghai Sinopec Mitsui