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2023 Global Acetone Market Size, Share, Growth, Trends, Industry Analysis And Forecast To 2032
Acetone Market Report
Acetone Market Size, Growth Rate, And Forecast:
The global acetone market size is expected to grow from $4.84 billion in 2022 to $5.20 billion in 2023 at a compound annual growth rate (CAGR) of 7.41%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global acetone market size is expected to grow to $6.63 billion in 2027 at a CAGR of 6.26% .
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Acetone Market Drivers:
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.
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Acetone Market Segments
•By Grade: Specialty Grade Acetone, Technical Grade Acetone
•By Application: Bisphenol A, Methyl Methacrylate (MMA), Solvents, Other Applications,
•By Distribution Channel: Manufacturer to Distributor, Manufacturer to End-User
•By End-User: Paints, Coatings, and Adhesives, Electronics, Cosmetics and Personal Care, Pharmaceutical, Other End-user
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Acetone market.
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Acetone Market Key Players:
Major competitors in the acetone market include INEOS Phenol GmbH, Shell plc, Honeywell International Inc., Prasol Chemicals Limited, Mitsui Chemicals Inc., Kumho P&B Chemicals Inc., SABIC, LyondellBasell Industries Holdings B.V., ALTIVIA, Domo Chemicals, Formosa Chemicals & Fibre Corp, Borealis AG, Reliance Industries Limited, CEPSA Quimica S.A, and Arkema.
The Business Research Company's "Global Acetone Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Acetone Market 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
....
26. Africa Acetone Market
27. Acetone Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Acetone Market
29. Acetone Market Future Outlook and Potential Analysis
30. Appendix
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