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“Acetone Market, Size, Share, Opportunities Analysis, By Application (Methyl Methacrylate (MMA), Bisphenol A (BPA), Solvents, Others), By Grade (Specialty Grade, Technical Grade), By Distribution Channel (Manufacturer to Distributor, Manufacturer to End-User), and By Region regional forecast, 2020-2028.”
The global Acetone market is anticipated to expand at a CAGR of 5.3 % between 2020 and 2027 and earn around US$ billion by 2027. One of the major drivers of the global Acetone market is the surge in the use of Acetone by Pharmaceutical companies as a solvent. The high demand for acetone in the Cosmeceutical industry for the use as nail polish remover and cleansers, fragrance formulations, hair care products, and other skincare formulations attributes to the growth of the market.
The upsurge in the use of Acetone for cleaning households and for commercial operations has positively impacted the market.
Key trends of global Acetone market
The players of the Acetone Market are fragmented as a number of players are competing against each other. Acetone companies focus more on signing merger and acquisition deals, and increasing market presence in emerging countries. LyondellBasell Industries, The Dow Chemical Company, INEOS Phenol GmbH, Royal Dutch Shell Co, Honeywell Chemicals, Mitsui Chemicals Inc are the key players of the global Acetone market.
Table of Segmentation:
|Unit||Value (USD Billion)|
|Market scope||By Application
· Methyl Methacrylate (MMA)
· Bisphenol A (BPA)
· Specialty Grade
· Technical Grade
|By Distribution Channel
· Manufacturer to Distributor
· Manufacturer to End-User
· North America (U.S., Canada, and Mexico)
· Europe (U.K., France, Italy, Spain, Germany, Russia, and the Rest of Europe)
· Asia-Pacific (China, India, Japan, Australia, and the Rest of Asia- Pacific)
· South America, Middle East & Africa (Brazil, South Africa, UAE, and the Rest of the region)