Global Acetone Market report from Global Insight Services is the single authoritative source of intelligence on Acetone Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. 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.
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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.
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.
The production of acetone has traditionally been a energy-intensive process, but new technologies are emerging that aim to make production more efficient and less polluting. One such technology is the use of enzymes to catalyze the production of acetone from renewable sources such as corn. This process is more efficient than traditional methods and produces less waste.
Acetone is a versatile solvent and is used in a variety of industries, including the pharmaceutical, paint, and food industries. It is also a common ingredient in consumer products such as nail polish remover and paint thinners. Acetone is relatively inexpensive and has a low boiling point, making it ideal for many applications.
Researchers are exploring new uses for acetone, such as using it as a fuel or as a component in plastics and other materials. Acetone has a high energy density and burns cleanly, making it a potential alternative to gasoline. Additionally, acetone can be used to create new materials with unique properties. For example, scientists are working on using acetone to create a new type of plastic that is both strong and lightweight.
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.
The adhesives & sealants industry is the second-largest consumer of acetone, accounting for more than 20% of the total demand. The demand from this industry is driven by the growing demand for adhesives & sealants in the packaging industry.
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Market Segmentation
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.
Key Players
The key players in the Acetone Market are Ineos Phenol, Royal Dutch Shell PLC, Sasol Ltd, The Dow Chemical Company, Domo Chemicals GmbH, Formosa Chemical and Fibre Corporation, Cepsa Quimica, SABIC, Honeywell Research Chemicals, and Spectrum Chemical Mfg. Corp.
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