Many different businesses employ acetone, a transparent, colorless, and volatile liquid, as a solvent. The simplest ketone, propanone, is crucial to the manufacturing of plastics, synthetic fibers, medications, and cosmetics because it dissolves a wide range of compounds. Acetone is frequently present in goods like glue, paint thinners, and nail polish remover. Additionally, it serves as a precursor in the manufacture of compounds like bisphenol A and methyl methacrylate. Acetone, which occurs naturally in trace levels in the environment and human body, is extremely combustible and needs to be handled carefully.

According to SPER market research, ‘Global Acetone Market Size- By Grade, By Application, By Distribution Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Global Acetone Market is predicted to reach 14376.16 million by 2034 with a CAGR of 8.32%.

Drivers:

Acetone's many industrial uses and rising demand in important end-use sectors are driving the global market. Acetone is a necessary solvent in the production of polymers, pharmaceuticals, and personal hygiene products. As it is used to make methyl methacrylate (MMA) and bisphenol A (BPA), the demand for acetone is rising sharply as a result of the growing usage of epoxy resins and polycarbonate plastics in the electronics, construction, and automotive industries. Additionally, the industry has become stronger due to the increased usage of acetone in cleaning and cosmetic products, particularly during and after the COVID-19 pandemic. Technological developments in manufacturing and growth in emerging markets bolster the market's optimistic outlook.

Acetone Market Sample in PDF Format, Click Here

Restraints:

Several obstacles could prevent the worldwide acetone industry from expanding. Price fluctuations for raw materials, especially propylene, are a significant obstacle since they have a direct effect on production costs. Acetone's volatility and flammability have raised health and environmental concerns, which has resulted in stringent regulations, particularly in industrialized nations. Market demand is also being impacted by growing knowledge of the negative consequences of bisphenol A (BPA), a significant downstream product of acetone. Acetone's market share may also be constrained by competition brought on by consumers' growing demand for eco-friendly and bio-based solvents. All of these element’s work against the worldwide acetone industry's ability to grow steadily.

China holds a dominant position in the global acetone market, driven by its substantial consumption and production capacities. Some significant market players are Arkema, CEPSA Quimica, S.A., DOMO Chemicals, Honeywell International Inc, INEOS, Kumho P&B Chemicals, Mitsui Chemicals, Inc., SABIC, Shell plc and others.

For More Information, refer to below link: –  

Acetone Market Growth

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