Acetone Market Growth Drivers, Impact Analysis & Market Opportunities by 2023

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Acetone Market Size, Share, Outlook Forecast
2018-2023
Industry Survey, Growth, Competitive
Landscapeand Forecasts to 2023
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Market Overview / Study Objective / Synopsis
Acetone is a clear, colorless, volatile fluid
with a sweet scent. Acetone is most commonly
prepared by means of cumene peroxidation, as a
coproduct with phenol. Its fundamental substance
in the production of acetone cyanohydrin for
methyl methacrylate (MMA), bisphenol A (BPA). It
has applications such as heavy metal degreaser,
cleaning tools and chemical peeling in the
pharmaceuticals, personal care, paints
coatings, plastics and construction end use
industries.
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Competitive Analysis
As per our analysis, direct solvent applications
account for a large portion of world demand. MMA
is having the second highest global market share
and followed by bisphenol A. The largest end use
for MMA is PMMA (polymethyl methacrylate). PMMA
resins are used to produce acrylic sheet and
acrylic molding and extrusion compounds.
Commercial, residential, and nonresidential
construction, and remodeling are the largest
markets for acrylic sheet.The construction,
automotive, and computer segments are now seen as
key growth markets by polycarbonate
manufacturers. 
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Acetone Market Research Report Global Forecast
to 2023
Top 10 Global key Players Their Strategy

• INEOS (Switzerland),
• The Royal Dutch Shell plc (the Netherlands),
• Formosa Chemicals Fiber Corporation (China),
• Prasol Chemicals Pvt. Ltd. (India)
• EMCO Limited (India) among others.

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Segmentation Analysis
The global aromatics market is segmented into
type and application. On the basis of product,
the market is segregated into benzene, toluene,
o-xylene, p-xylene, and rubber segments. The
market by application is further categorized into
paints coating, automotive, pharmaceuticals,
oil gas, chemicals, and others.
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Regional Analysis
The global acetone market consists of five
regions Asia Pacific, Europe, Latin America,
North America, and the Middle East Africa.
Among these, Asia Pacific is predicted to grow
with the highest CAGR during the review period,
2017 to 2023 on account of expanding paints
coatings and construction industries. Rising
middle class population and their increasing
expenditure on improving the living standards is
expected to increase furthermore in the forecast
period.The acetone market is predicted to
increase in numerous countries of the Asia
Pacific such as China, India, Japan and Indonesia
due to increasing urbanization and population is
anticipated to drive the market in the forecast
period.
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