According to a new market research report published by Global Insight Services “ Acetone Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Acetone is a colorless liquid with a characteristic pungent odor. It is a volatile, flammable, and mobile solvent with a wide range of applications. Acetone is miscible with water and is used as a solvent for cleaning purposes, as a paint stripper, and as a nail polish remover. It is also used in the manufacture of plastics, fibers, and explosives.Acetone is produced naturally in the body as a by-product of metabolism. It is also present in the environment, in plants, and in some animal products. Acetone is a ketone, and as such, it is a source of energy for the body. It has a variety of uses in industry and commerce.
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Top Key Players in Acetone market: Ineos Phenol, Royal Dutch Shell PLC, Sasol Ltd, The Dow Chemical Company, Domo Chemicals GmbH, Formosa Chemical and Fibre Corporation
Key Trends
Some key trends in acetone technology include the development of more efficient and environmentally friendly production methods, the use of acetone as a solvent in various industrial and consumer applications, and the exploration of new uses for acetone.
Key Drivers
The key drivers of the acetone market are the growing demand from the end-use industries, such as paints & coatings, adhesives & sealants, and plastics & composites. The other drivers include the growing demand from the emerging economies, such as China and India, and the favorable environmental regulations.The paints & coatings industry is the largest consumer of acetone, accounting for more than 30% of the total demand. The demand from this industry is driven by the growing construction activities and the need for protective coatings.
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Market Segments
The Acetone Market is segmented by grade, application, end-user, and region. By grade, the market is divided into ≥ 99.5% and < 99.5%. By application, the market is bifurcated into solvent, MMA, BPA, MIBK, and others. By end-user, the market is divided into chemicals, pharmaceuticals, cosmetics & personal care, and others. By region, the market is classified into North America, Europe, Asia-Pacific and rest of the world.
Reasons to buy Acetone Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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