Acetone Market 2023: A Valuation of US$ 10.0 Billion Predicted by 2028 | IMARC Group

IMARC Group, a leading market research company, has recently releases report titled “Acetone Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global acetone market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the acetone market?

Report Attributes	Details
Market Size in 2022	US$ 6.8 Billion
Market Forecast in 2028	US$ 10.0 Billion
Growth rate (2023 to 2028)	CAGR of 6.2%
Base Year of the Analysis	2022
Forecast Period	2023-2028

Request for a PDF Sample of this Report: https://www.imarcgroup.com/acetone-market/requestsample

What are acetone market?

Acetone is a versatile chemical compound and a colourless, volatile liquid with a distinct sweet smell. Acetone is produced through the oxidation of cumene or the dehydrogenation of isopropyl alcohol. Its unique properties, including excellent solvency, low boiling point, and fast evaporation rate, make it suitable for numerous industrial processes.

Acetone is commonly utilized as a solvent in the manufacturing of plastics, synthetic fibres, pharmaceuticals, and personal care products. It is also employed as a key ingredient in nail polish removers, paint thinners, and cleaning agents. In addition, acetone finds extensive use as a chemical intermediate in the production of other chemicals and compounds, such as methyl methacrylate (MMA) and bisphenol-A (BPA).  

What are the growth prospects and trends in the acetone industry?

The expanding demand for acetone in the chemical industry represents one of the key factors driving the market growth. Moreover, acetone serves as a vital precursor in the production of various chemicals, including polymers, resins, and pharmaceuticals. The rising consumption of acetone in the manufacturing of plastics and synthetic fibres is propelling the market. The growing demand for plastics and synthetic fibres across industries, the need for acetone as a raw material is on the rise. Additionally, the use of acetone in the cosmetics and personal care industry is a notable trend in the market.

The increasing focus on personal grooming and self-care is driving the demand for acetone-based products in the cosmetics industry. Furthermore, the acetone market is witnessing the emergence of bio-based acetone as an eco-friendly alternative. Manufacturers are exploring renewable feedstocks and sustainable production methods to produce acetone with reduced environmental impact. This aligns with the growing demand for sustainable and environmentally friendly chemicals in the market. The acetone market is poised for continued growth as its versatile applications and key role as a solvent and chemical intermediate drive demand across industries. 

Who are the key players operating in the industry?

The report covers the major market players including: 

• Altivia
• Arkema S.A.
• Borealis AG (OMV Aktiengesellschaft)
• Compañía Española de Petróleos S.A.U. (Cepsa)
• Honeywell International Inc.
• INEOS Group Limited
• Kumho P&B Chemicals Inc. (Kumho Petrochemical Co. Ltd.)
• Mitsui Chemicals Inc.
• PTT Global Chemical Public Company Limited
• Sasol Limited
• Saudi Basic Industries Corporation (Saudi Arabian Oil Co.)
• Shell plc
• Solvay S.A
• Thermo Fisher Scientific Inc.

What is included in market segmentation?

The report has segmented the market into the following categories:

Application Insights:

• Methyl Methacrylate (MMA)
• Bisphenol A (BPA)
• Solvents
• Others 

Grade Insights:

• Specialty Grade
• Technical Grade

Distribution Channel Insights: 

• Manufacturer to Distributor
• Manufacturer to End-User

End Use Industry Insights:

• Cosmetics and Personal Care 
• Electronics
• Automotive
• Pharmaceutical 
• Paints, Coatings and Adhesives 
• Textile Industry 
• Others

Breakup by Region:

• North America 
• Europe 
• Asia Pacific 
• Latin America
• Middle East and Africa

Ask Analyst for 10% Free Customized Report:  https://www.imarcgroup.com/request?type=report&id=6820&flag=C

Key Highlights of the Report:                                                           

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• The Impact of COVID-19 on the Global Market
• Value Chain Analysis
• Structure of the Global Market
• Comprehensive mapping of the competitive landscape

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:                                                              

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States