Growing demand for acetone solvents is one of the significant factors influencing market growth.
Market Size – USD 4.24 billion in 2018, Market Growth – CAGR of 5.0%, Market Trends – Rapid growth of the cosmetics industry
The global Acetone Market is expected to reach USD 6.64 Billion by 2027, according to a new report by Reports and Data. Acetone is a commonly used solvent primarily used in industrial and laboratory settings, as well as is considered safe enough for household applications. Currently, acetone is produced from petrochemicals as a co-product of phenol.
The rapid growth of the cosmetics industry is estimated to drive the market demand for acetone in the forecast period. The developing nations in the Asia Pacific and Latin America regions are likely to offer substantial growth opportunities for the cosmetics industry. Acetone is popular as the primary ingredient in nail polish remover. Moreover, cosmetic products, including makeup and skin creams, comprise acetone as a solvent provider to different chemicals. It is also a chief constituent in chemical skin peels to treat acne.
Increasing demand for polycarbonates is likely to boost the market demand in the upcoming years. Polycarbonates, derived from Bisphenol-A, find increasing implementation in the automotive industry, which is one of the key drivers for the growth of the market. Polycarbonate is increasingly deployed as an alternative for manufacturing a wide variety of materials and are most beneficial when transparency and impact resistance are a product requirement (for example, in bullet-proof glasses). Polycarbonate is usually used for plastic lenses in eyewear, protective gear, in medical devices, digital Disks (CDs, DVDs, and Blu-ray discs), greenhouses, and exterior lighting fixtures.
Key participants include Honeywell Research Chemicals, Royal Dutch Shell PLC, INEOS Phenol GmbH, Mitsui Chemicals Inc., CEPSA Quimica, Inc., Prasol Chemicals Pvt. Ltd. LyondellBasell Industries Inc., ALTIVIA Ketones & Additives, LLC, SABIC, and Kumho P&B Chemicals, among others.
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Further key findings from the report suggest
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For the purpose of this report, Reports and Data have segmented the global acetone market on the basis of grade, application, industry vertical, and region:
Grade Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
Application Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
Industry Vertical Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
Regional Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
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Table of ContentChapter 1. Market Synopsis 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation TechniqueChapter 2. Executive Summary 2.1. Summary Snapshot, 2018-2027Chapter 3. Indicative MetricsChapter 4. Acetone Segmentation & Impact Analysis 4.1. Acetone Material Segmentation Analysis 4.2. Industrial Outlook 4.3. Technological Insights 4.4. Regulatory Framework 4.5. ETOP Analysis 4.6. Porter’s Five Forces Analysis 4.7. Competitive Metric Space Analysis 4.8. Price trend Analysis
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Chapter 9. Competitive Landscape 9.1. Market Revenue Share by Manufacturers 9.2. Manufacturing Cost Breakdown Analysis 9.3. Mergers & Acquisitions 9.4. Market positioning 9.5. Strategy Benchmarking 9.6. Vendor LandscapeChapter 10. Company Profiles 10.1. Honeywell Research Chemicals 10.1.1. Company Overview 10.1.2. Financial Performance 10.1.3. Technology Insights 10.1.4. Strategic Initiatives 10.2. Royal Dutch Shell PLC 10.2.1. Company Overview 10.2.2. Financial Performance 10.2.3. Technology Insights 10.2.4. Strategic Initiatives 10.3. INEOS Phenol GmbH 10.3.1. Company Overview 10.3.2. Financial Performance 10.3.3. Technology Insights 10.3.4. Strategic Initiatives 10.4. Mitsui Chemicals Inc. 10.4.1. Company Overview 10.4.2. Financial Performance 10.4.3. Technology Insights 10.4.4. Strategic Initiatives 10.5. CEPSA Quimica, Inc. 10.5.1. Company Overview 10.5.2. Financial Performance 10.5.3. Technology Insights 10.5.4. Strategic Initiatives 10.6. Prasol Chemicals Pvt. Ltd. 10.6.1. Company Overview 10.6.2. Financial Performance 10.6.3. Technology Insights 10.6.4. Strategic Initiatives
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