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  • Acetone Market To Reach US$ Xx Billion By 2028; Rising In the Deficiency of Nutrients in Soil have boosted the Market growth.

Acetone Market To Reach US$ Xx Billion By 2028; Rising In the Deficiency of Nutrients in Soil have boosted the Market growth.

“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 Asia Pacific has held the highest share in the global Acetone market due to the affordable infrastructure and low labor costs of manufacturing Acetone.
  • North America is expected to hold a significant share and is the second-largest market owing to the use of Acetone as a solvent and also due to the rise in consumer spending on technology
  • Among the Application, the Solvent segment has held the most significant growth, the increase in the use of Acetone in Industries and Pharmaceutical as a solvent have boosted the growth.
  • Based on the Grade, the technical grade acetone segment has obtained the lion’s share as they are comparatively cheap and are extensively used in contrition purposes, as it is a good binder.
  • Among Distribution Channel segments, the Manufacturer to End-User segment has held the most significant growth in order to obtain an uninterrupted supply.

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:

ATTRIBUTE DETAILS
Study Period   2019-2028
Unit   Value (USD Billion)
Market scope 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

By Region

·       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)