Uploaded on Sep 2, 2020
The global acetone market is expected to reach USD 6.64 Billion by 2027, according to a new report by Reports and Data.
Acetone Market
Acetone Market
To Reach USD
6.64 Billion By
2027
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Market Summary
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.
Further key findings from the report suggest
• By grade, the technical grade contributed to a larger market share of around 85.0% in 2018 and is
estimated to grow at a rate of 4.5% in the forecast period.
• By application, the solvents dominated the market in 2018 and is expected to witness a growth rate of
5.1% in the forecast period. Solvents find application in products including nail polish removers, lacquers
& finishes, cement, cleaners, films, paint, coatings, and adhesives.
Market Summary
Key Players:
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.
Segmentation:
Grade Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
Technical Grade
Specialty Grade
Application Outlook (Volume, Kilo Tons; 2016-2 0 27 and Revenue, USD Million; 2016-2027)
Solvents
Bisphenol-A
Methyl Methacrylate (MMA)
Methyl Isobutyl Ketone
Others
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Market Summary
Industry Vertical Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million;
2016-2027)
Cosmetics
Electronics
Automotive
Construction
Regional Outlook for Disposable Masks Market analyses the following geographies:
North America (United States, Canada, and Mexi c o)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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The report emphasizes the following key questions:
Q.1.What are the most lucrative and promising growth prospects for the market?
Q.2.Which sectors are expected to deliver a high growth rate and which industry aspects
come into play in this advancement?
Q.3.Which geographies are estimated to exhibit the highest growth and the underlying
causes?
Q.4.Which factors are impacting the future of the market and what are the driving
factors?
Q.5.What are the hurdles and challenges curtailing the industry’s growth in the forecast
period?
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