MARKET INTRODUCTION
Acetone is a volatile, colorless, flammable, and organic solvent. It occurs naturally in plants, forest fires, vehicle exhaust, and as a breakdown product of animal fat metabolism. Acetone has a distinct smell and taste. It evaporates easily, is flammable, and dissolves in water. It is also called 2-propanone, dimethyl ketone, and beta-ketopropane. Acetone is used to make fibers, drugs, plastic, and other chemicals. It is a primary ingredient in many nail polish removers. It breaks down nail polish, making it easy to remove with a cotton swab or cloth. It is widely used because it can easily mix with water and evaporates quickly in the air.
MARKET DYNAMICS
The acetone market has witnessed significant growth owing to factors such as growing usage of acetone in the production of personal care & household products coupled with increasing usage by dermatologists. Moreover, a wide range of usage in many end-user applications along with the emerging demand from developed and developing countries such as the United States, India, China, Japan, Germany, and Singapore provides a huge market opportunity for the key players operating in the acetone market. However, Increasing regulations by the European Commission on BPA is projected to hamper the overall growth of the acetone market.
MARKET SCOPE
The "Global Acetone Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the acetone market with detailed market segmentation by application, and end-user industry and geography. The global acetone market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading acetone market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global acetone market is segmented on the basis of application, and end-user industry. On the basis of application, the acetone market is segmented into Methyl Methacrylate (MMA), Bisphenol A (BPA), solvents, and others. On the basis of end-user industry the market is bifurcated into cosmetics and personal care, chemical, plastic, pharmaceutical, paints and coatings, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global acetone market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The acetone market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the acetone market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the acetone market in these regions.
MARKET PLAYERS
The reports cover key developments in the acetone market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from acetone market are anticipated to lucrative growth opportunities in the future with the rising demand for Acetone in the global market. Below mentioned is the list of few companies engaged in the Acetone market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the acetone market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Altivia
- BASF SE
- Borealis AG
- Cepsa
- Formosa Chemicals and Fibre Corporation
- Green Biologics Limited
- Honeywell International Inc.
- INEOS
- LCY GROUP
- Mitsui Chemicals Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.