The Global Acetone Market is projected to grow at a CAGR of 5.1% from 2019 to 2026. Asia-Pacific and Europe are the dominant regional markets holding the major share in the global acetone market. Various application areas such as pharmaceuticals, automotive, electronics, metal cleaning, and rubber & polymer among others pose an increased demand for acetone.
Acetone is a colorless and volatile liquid mainly used as a chemical intermediate in the manufacturing process. It is also used in various applications such as paints and coatings, adhesives, and printing inks, as a direct solvent. Increase in demand for the use of methyl methacrylate in LCDs is amongst the major factors driving the global acetone market. Rising use of polycarbonate in the vehicle industry is anticipated to boost the market in the coming five to six years.
The global acetone market is segmented by application, industry, and geography. By application, the market is further divided into Methyl Methacrylate (MMA), Bisphenol A (BPA), Solvents, and other applications. By end-user industry, the segments covered are cosmetics and personal care, electronics, construction, automotive, pharmaceutical, agricultural chemicals, paints, coatings, and adhesives, and other end-user industries. By geography, the global acetone market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW).
The country-wise analysis has been also covered under the scope of the report. North America covers the U.S., Canada, and Mexico, while Europe covers the UK, Germany, France, Italy, and Rest of Europe. China, Japan, India, Korea, and Rest of Asia-Pacific have been analyzed under the Asia-Pacific market. Rest of the world includes Central & South America, the Middle East, and Africa.
The scope of the report covers in-depth analysis of the market in terms of both qualitative and quantitative aspects across the segments as well as cross-sectional analysis of the segments including the geographies and its countries. The market has been analyzed both from demand as well as supply-side to come to an accurate scenario. Products across application and application across geographies have been mapped to provide you a precise competitive scenario to have a leading edge in the market.
Key companies operating in this market and their company profile along with the market share analysis and competitive scenario is also the part of the report. Furthermore, different industries clients’ information has been provided in the report which is highly important for the manufacturers. Manufacturers’ data, including revenue, shipment, revenue share, shipment share, and gross profit have been also included, which provide a better understanding of the market competition.
Top players in the global Acetone Market are Domo Chemicals, The Dow Chemical Company, INEOS Phenol, Honeywell International, Inc., Mitsui Chemicals, Inc., Hindustan Organic Chemicals Limited, Formosa Chemicals, Royal Dutch Shell plc, Fiber Corporation, and CEPSA Quimica, among others.
The Highlights of the Report
Scope of the Global Acetone Market
End User Industry Segments
• North America
o Rest of Europe
o Rest of Asia-Pacific
• Rest of the World
o Central & South America
o The Middle East