Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on acetone market provides
in-depth analysis of segments and sub-segments in global as well as regional
acetone market. The study also highlights the impact of drivers, restraints and
macro indicators on the global and regional acetone market over the short term
as well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of global acetone market. According to the report,
the global acetone market is projected to grow at a CAGR of 3.4% over the
forecast period of 2018-2024.
Acetone
is an organic compound with colorless, volatile and flammable properties.
Acetone is also known as Propanone and it is found naturally in plants, trees,
forest fires and as a breakdown product of animal fat metabolism. Acetone is
the simplest and smallest ketone bodies produced during ketoacidosis. Acetone
is mainly used as a solvent in the manufacturing of plastics, household,
electronics, cosmetics, personal care, and other products. Although acetone has
extremely low acute and chronic toxicity, The U.S. Food and Drug Administration
(FDA) has determined acetone is safe for use as an indirect food additive in
adhesives and food-contact coatings.
The
acetone is frequently used in personal care and cosmetic products as both
solvent and denaturant. They are mainly used as nail paint removers, cleansing
products, hair care products, and skin care products. The rising applications
of acetone in the Manufacturing of Personal Care and Household Products drives
the growth of the acetone market worldwide.
Methyl
methacrylate (MMA) and the Bisphenol A (BPA) are some of the major applications
of acetone. According to the trusted source, among the total produced acetone,
30% to 34% acetone is used in the production of MMA and BPA. The Methyl
methacrylate (MMA) as an ingredient used in the cosmetics as a filler for
wrinkles and fine lines. Also, they are extensively known as a plastic
component used in products such as plexiglass and other transparent glass
substitutes. Bisphenol-A (BPA) is produced commercially by the acid catalyzed
condensation of phenol and acetone and it is used as an intermediate for the
production of polycarbonate.
In
addition, the acetone is used in the petroleum industries as a gasoline
additive. It helps in the diffusion of the gas inside the engines and allows it
to vaporize that improves the efficiency of fuel. Vast applications offered by
the acetone across various end-use industries contribute to the growth of the
acetone market. However, the EU Commission issued a new regulation on the use
of bisphenol A in plastic food contact materials owing to its hazardous effects
is expected to hamper the growth of the acetone market. Moreover, the rising demand
for BPA from the emerging market is projected to create several opportunities
for acetone market in upcoming years.
Among
the regions, Asia Pacific is the largest and the fastest growing region owing
to the massive demand of BPA across various countries such as China and India.
Furthermore, the rising cosmetic industries linked with the rising disposable
income in the Asia Pacific region drives the growth of the acetone market in this
region.
The
report on global acetone market covers segments such as end user. On the basis
of the end user, the global acetone market is categorized into cosmetics &
personal care, paints, coatings & adhesives, pharmaceutical, agricultural
chemicals, and others.
The
countries covered in the North America region include the U.S., Canada, and
Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia,
and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe
are included in the European region. The U.S. drives the growth in the North
America region as it is the largest market in the region. The Asia-pacific region offers substantial potential for the market growth owing to rapid growth
in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2018-2024.
The
report provides profiles of the companies in the global acetone market such as
BASF SE, DowDuPont, ALTIVIA Petrochemicals, LLC, Borealis AG, Honeywell
Chemicals, CEPSA Quimica, S.A., Formosa Chemicals and Fibre Corporation, INEOS
Phenol GmbH, LG Chem Ltd., Mitsui Chemicals Inc., and Shell Chemical Co.
The
report provides deep insights on demand forecasts, market trends, and micro and
macro indicators. In addition, this report provides insights into the factors
that are driving and restraining the global acetone market. Moreover,
IGR-Growth Matrix analysis given in the report brings insight into the
investment areas that existing or new market players can consider. The report
provides insights into the market using analytical tools such as Porter's five
forces analysis and DRO analysis of acetone market. Moreover, the study
highlights current market trends and provides forecast from 2018-2024. We also
have highlighted future trends in the acetone market that will impact the
demand during the forecast period. Moreover, the competitive analysis given in
each regional market brings insight into the market share of the leading
players. This report will help manufacturers, suppliers, and distributors of
the acetone market to understand the present and future trends in this market
and formulate their strategies accordingly.
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