Infinium Global Research has added a new report on Acetone Market. The report presents
analysis of global as well as regional markets of acetone market over the
period of 2016 to 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 the personal care and cosmetic products as a both solvent and
denaturant. They are mainly used as nail pain 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 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 additives. It helps in the
diffusion of the gas inside the engines and allow it to vaporize that improves
the efficiency of fuel. Vast applications offered by the acetone across various
end use industries are contributes in the growth of acetone market. However, EU
Commission issued 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 acetone market. Moreover, the rising demand of 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 Asia
Pacific region drives the growth of acetone market on this region. Moreover,
the growth matrix presented by Infinium Global Research identifies the key
investment markets in the near future, this will not only help the companies to
understand the competitive position in the global acetone market but also make
strategic decisions to capture the most lucrative markets in the near future. The
market size is presented in terms of value for the historic year 2016 and
estimated for forecast period of 2018-2024.
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The recent report identified that Asia-Pacific dominated the
global acetone market over the last couple of years, while emerging markets of
Asia-Pacific and Latin America are anticipated to contribute significantly to
the growth in the acetone market worldwide.
The report segments the global acetone market on the basis of
End User.
Global Acetone Market by End User
·
Cosmetics & Personal Care
·
Paints, Coatings & Adhesives
·
Pharmaceutical
·
Agricultural Chemicals
·
Others
Companies Profiled in the Report
·
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.
·
Shell Chemical Co.
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