Press release
Acetone Market Report 2024: Strategies And Recent Developments | INEOS Phenol GmbH, Royal Dutch Shell plc, Honeywell International Inc., Prasol Chemicals Limited, Mitsui Chemicals Inc
Acetone Market Characteristics
The Business Research Company offers in-depth market insights through Acetone Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The acetone market size has grown strongly in recent years. It will grow from $5.13 billion in 2023 to $5.5 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to chemical manufacturing demand, solvent and paint industry, plastics and resin production, pharmaceutical and cosmetic applications, expanding chemical and petrochemical industries..
The acetone market size is expected to see strong growth in the next few years. It will grow to $7.19 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to expanding use in solvents and coatings, demand from plastics and resins sector, rise in pharmaceutical and cosmetic applications, expanding use in industrial cleaning products, global economic expansion.. Major trends in the forecast period include consumer preferences and industry adoption, market globalization and economic factors, rising demand for industrial cleaning products, shift towards green chemistry, environmental and regulatory pressures..
Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=9037&type=smp
Market Segmentation:
The acetone market covered in this report is segmented -
1) By Grade: Specialty Grade Acetone, Technical Grade Acetone
2) By Distribution Channel: Manufacturer to Distributor, Manufacturer to End-User
3) By Application: Bisphenol A, Methyl Methacrylate (MMA), Solvents, Methyl Isobutyl Ket*one, Other Applications,
4) By End-User: Paints, Coatings, and Adhesives, Electronics, Cosmetics and Personal Care, Pharmaceutical, Other End-user
Major Driver - Surging Demand For Personal Care Products Ignites Acetone Market Growth
Increased demand for personal care products is driving the acetone market. Personal care products refer to a consumer goods used for hygienic practices, grooming, and beautification. Acetone is a key chemical compound used in personal care products, thus drives up acetone demand. For instance, in August 2023, according to Circana, Inc., a US-based media company, sales of prestige beauty products in the US reached $14 billion in the first half of 2023, a 15% rise over the same period in 2022. On the other hand, the mass beauty market generated $28 billion and saw 9% growth. Therefore, the increased demand for personal care products will propel the growth of the acetone market.
Competitive Landscape:
Major companies operating in the acetone market report are INEOS Phenol GmbH, Royal Dutch Shell plc, Honeywell International Inc., Prasol Chemicals Limited, Mitsui Chemicals Inc., Kumho P&B Chemicals Inc., Saudi Basic Industries Corporation., LyondellBasell Industries Holdings B.V., ALTIVIA Chemicals LLC, Domo Chemicals GmbH, Formosa Chemicals & Fibre Corp, Borealis AG, Reliance Industries Limited, CEPSA Quimica S.A, Arkema S.A., Celanese Corporation, The Dow Chemical Company, LG Chem Ltd., Deepak Nitrite Limited, PTT Global Chemical Public Company Limited, China National Petroleum Corporation, Jubilant Life Sciences Ltd., Dairen Chemical Corporation, Chevron Phillips Chemical Company LLC, Versalis S.p.A., Daicel Corporation, JX Nippon Oil & Energy Corporation, PetroChina Company Limited, Lihuayi Group Co. Ltd., SunVic Chemical Holdings Limited, A.B. Enterprises, Wuhan Youji Industries Co. Ltd., Tangshan Lory Industry Co. Ltd., Aadi Industries Ltd., Qenos Pty Ltd., Rain Carbon Inc. .
Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/acetone-global-market-report
Top Trend - Ineos Phenol Unveils Inviridistm, Redefining Acetone Production
Product innovation is a key trend gaining popularity in the acetone market. Major companies operating in the market are focused on research and development for product innovations to sustain their position in the market. For instance, in June 2022, INEOS Phenol GmbH, a Germany-based phenol, and acetone manufacturer launched the INVIRIDISTM. INVIRIDISTM is a bio-attributed innovative product line for phenol, acetone alpha-methyl styrene (AMS), made without using fossil fuels as feedstock. INVIRIDISTM is made using bio-attributed cumene that enables the replacement of fossil fuel resources to offer a lower carbon footprint compared to conventionally produced phenol, acetone, and AMS to deliver a 100% substitution of fossil feedstock (mass balance approach) in its production system.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Acetone Market Characteristics
3. Acetone Market Trends And Strategies
4. Acetone Market - Macro Economic Scenario
5. Acetone Market Size And Growth
…..
27. Acetone Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Latest Trending Press Releases: https://www.thebusinessresearchcompany.com/press-release.aspx
About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Acetone Market Report 2024: Strategies And Recent Developments | INEOS Phenol GmbH, Royal Dutch Shell plc, Honeywell International Inc., Prasol Chemicals Limited, Mitsui Chemicals Inc here
News-ID: 3424195 • Views: …
More Releases from The Business research company
Sludge Dewatering Equipment Market Set to Reach $7.05 Billion in 2028 within For …
The sludge dewatering equipment market size has grown strongly in recent years. It will grow from $4.47 billion in 2023 to $4.9 billion in 2024 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to stringent environmental regulations, population growth and urbanization, focus on water recycling and reuse, industrialization and manufacturing growth, need for sustainable waste management, rising awareness of water…
Rapid Expansion of SCARA Robot Market Expected to Reach $18.11 Billion in 2024 D …
The scara robot market size has grown rapidly in recent years. It will grow from $9.07 billion in 2023 to $10.47 billion in 2024 at a compound annual growth rate (CAGR) of 15.4%. The growth in the historic period can be attributed to growth in manufacturing automation, demand for high-speed and precision assembly, increased need for repeatable tasks, expansion of electronics and semiconductor industries.
The scara robot market size is expected…
Research and Development Outsourcing Services Market to Reach $12.63 Billion in …
The research and development outsourcing services market size has grown strongly in recent years. It will grow from $8.25 billion in 2023 to $8.94 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to increased complexity of r&d activities, growing need for cost optimization, increased competition in the market, growing demand for specialized expertise, need for faster time-to-market.
The…
Digital Transformation Fuels Growth in Product Engineering Services Market, Reac …
The product engineering services market size has grown strongly in recent years. It will grow from $980.78 billion in 2023 to $1063.14 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to globalization, rising complexity of products, consumer expectations.
The product engineering services market size is expected to see strong growth in the next few years. It will grow…
More Releases for Acetone
Acetone Market Analysis Report 2022 - 2030
Acumen Research and Consulting has announced the addition of the "Acetone Market" report to their offering.
The Acetone Market Report 2030 is an in depth study analyzing the current state of the Acetone Market. It provides brief overview of the market focusing on definitions, market segmentation, end-use applications and industry chain analysis. The study on Acetone Market provides analysis of China market covering the industry trends, recent developments in the market…
Geranyl Acetone Market: Competitive Dynamics & Global Outlook 2025
LP INFORMATION recently released a research report on the Geranyl Acetone analysis, which studies the Electrical Cord Reels's industry coverage, current market competitive status, and market outlook and forecast by 2025.
Global “Geranyl Acetone 2020-2025” Research Report categorizes the global Geranyl Acetone by key players, product type, applications and regions,etc. The report also covers the latest industry data, key players analysis, market share, growth rate, opportunities…
Acetone Market Promising Growth Opportunities And Forecast 2027
Notice: This Content doesn't contains full Information of the Report please fill the form (via link) and get all insightful information in just one click on PDF with latest update with chart and Table of Content
Acetone Market report provide the COVID19 Outbreak Impact analysis of key factors influencing the growth of the market size (Production, Value and Consumption). This Acetone industry splits the breakdown (data status 2014-2019 and Six years…
Future of Acetone Market during the assessment period…
The Acetone Market 2019:
The Global Acetone Market research report provides a unique methodology for evaluating the market insights, highlighting opportunities and supporting strategic and tactical decision-making. This report recognizes the requirement of a rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on the latest trends and developments and focuses on innovations with emerging new technologies,…
What trends are impacting the demand of Acetone and how can Acetone producers le …
Acetone, also known as dimethyl ketone, is a colourless, clear, and a volatile liquid mainly used as a chemical intermediate in the manufacture of bisphenol-A (BPA), methyl methacrylate (MMA), and aldol chemicals. It is also used as a direct solvent in various applications including coatings and paints, printing inks, adhesives, nail polish removers, and other skin care products. Acetone is a by-product of phenol and is produced via cumene peroxidation…
Acetone Market at a CAGR of 3.1%
Reports And Markets Publish a New Market Research Report On –"Acetone Market - Segmented by Application, End-user Industry, and Geography - Trends and Forecasts (2017 - 2022)"
Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1085867-global-acetone-market-segmented-by-application-forecasts-2017-2022
The global acetone market is currently estimated at XX.XX million tons in 2016. The market is likely to reach XX.XX million tons by 2021, at a CAGR of 3.1% during the forecast period, 2016 to 2021.…
