PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1770801
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1770801
Global Acetone Market Introduction and Overview
According to SPER market research, 'Global Acetone Market Size- By Grade, By Application, By Distribution Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Global Acetone Market is predicted to reach 14376.16 million by 2034 with a CAGR of 8.32%.
Many different businesses employ acetone, a transparent, colorless, and volatile liquid, as a solvent. The simplest ketone, propanone, is crucial to the manufacturing of plastics, synthetic fibers, medications, and cosmetics because it dissolves a wide range of compounds. Acetone is frequently present in goods like glue, paint thinners, and nail polish remover. Additionally, it serves as a precursor in the manufacture of compounds like bisphenol A and methyl methacrylate.
Restraints: Several obstacles could prevent the worldwide acetone industry from expanding. Price fluctuations for raw materials, especially propylene, are a significant obstacle since they have a direct effect on production costs. Acetone's volatility and flammability have raised health and environmental concerns, which has resulted in stringent regulations, particularly in industrialized nations.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Grade, By Application, By Distribution Channel
Regions covered North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
Companies Covered Arkema, CEPSA Quimica, S.A., DOMO Chemicals, Honeywell International Inc, INEOS, Kumho P&B Chemicals, Mitsui Chemicals, Inc., SABIC, Shell plc, and Solvay.
Global Acetone Market Segmentation:
By Grade: Based on the Grade, Global Acetone Market is segmented as; Technical Grade, Specialty Grade.
By Application: Based on the Application, Global Acetone Market is segmented as; Solvents, Methyl Methacrylate, Bisphenol A.
By Distribution Channel: Based on the Distribution Channel, Global Acetone Market is segmented as; Manufacturer to Distributor, Manufacturer to End User.
By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.