Acetone Market will reach at a CAGR of 5.5% during the forecast period

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Market Research Report EXCLUSIVE EDITION
Global Acetone Market will reach at a CAGR of
5.5 during the forecast period
Global Industry Analysis, Forecast and Trends,
2022-2030
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Acetone Market
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Acetone Market will reach at a CAGR of 5.5
during the forecast
period
Acetone Market - Segmented by Grade (Specialty
Grade and Technical Grade), by Application
(Methy Methacrylate, Bisphenol A and Solvents),
by Sales Channel (Online, offline) and by Region
Global Industry Sizing, Growth, Trend,
Opportunity, and Forecast (20212027) Description
The global acetone market size was valued at
USD 5.84 billion in 2020 to reach USD 8.05
billion in 2027, register a CAGR of 5.5 during
the forecast period. Acetone is a flammable,
colorless, volatile liquid commonly used as an
industrial solvent. Acetone is produced as a
byproduct during phenol manufacturing. It has
widely used in industrial and domestic.
Prominent end-use industries in the acetone
market are pharmaceutical, cosmetics, and
paints, and adhesives industries. The
pharmaceutical and cosmetic industries have
unveiled growth potential due to growing demand
from emerging economies and increasing cosmetics
spending.
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Factors Affecting the Acetone Market Over the
Forecast Period Factors such as increasing
acetone application as a solvent and a high
demand in cosmetics, pharmaceutical, and paints
adhesives industries are anticipated to drive
growth. Increasing demand for acetone in paints
and coatings, construction, and automotive
industries is expected to boost the growth of
the acetone market. Moreover, the rising price of
propylene and strict regulations in the chemical
industry are key challenges for the growth of the
acetone market. Also, the increasing product
utilization as an active ingredient in removers,
cleaning products, degreasers, and thinners is
anticipated to fuel the overall growth of
acetone growth. Request Sample Copy of this
Report https//www.marketstatsville.com/request-s
ample/acetone- market-valued-at-usd-5-6-billion-b
y-2025 However, acetone is regarded as one of
the hazardous chemicals that significantly
affects human health and groundwater. Hence,
solvent manufacturers are looking for
bio-degradable substitutes. The high acceptance
rate of bio-based solvents is projected to
increase as acetone disposal is not eco-friendly.
Common substitutes used for solvent
manufacturing include bio-solv, surfasolve,
acastrip r, replacetone, and methyl acetate. In
the paints and coatings industry, it is expected
that the acetone will get replaced by
Trichloroethylene (TCE), Methyl-Ethyl- Ketone
(MEK), and tetrachlorethylene. Impact of COVID-19
on Acetone Market During the COVID 19 pandemic,
the global acetone market has witnessed a
substantial supply-demand gap, which results in
a drop in overall sales. End-use industries are
going through huge setbacks that affect the
overall demand for acetone across the globe.
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• Scope of the Report
• The report outlines the global acetone market
  study based on grade, application, and sales
  channel.
• Direct Purchase Report https//www.marketstatsvil
  le.com/buy-
• now/acetone-market-valued-at-usd-5-6-billion-by-20
  25?opt2950
• Based on the grade, the acetone market has been
  segmented into
• Specialty Grade
• Technical Grade
• Based on the application, the acetone market has
  been segmented into
• Methyl Methacrylate (MMA)
• Bisphenol A (BPA)
• Solvents
• Based on the sales channel, the acetone market
  has been segmented into
• Online
• Offline

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• Acetone Market Regional Outlook
• Based on the region, the global acetone market
  has been segmented into five geographical
  regions, namely, North America, Asia Pacific,
  Europe, South America, and the Middle East and
  Africa. In 2020, Asia Pacific held the largest
  share in the global acetone market, followed by
  North America and Europe. Moreover, North
  America is expected to grow with a high CAGR over
  the forecast period owing to growing paint and
  coating and construction industries across the
  region.
• The Asia Pacific accounted for the largest market
  share of around 40 in sales revenue in 2020. The
  changing preference of the international
  manufacturers to the domestic market, owing to
  affordable infrastructure and low labor costs.
  Also, the emerging economies combined with rising
  industrialization and increasing purchasing
  power are estimated to continue contributing to
  the chemicals demand from regional end-use
  industries.
• Key Global Acetone Market Competitors Includes
• The global acetone market is highly fragmented,
  with a large number of small players across the
  globe. The key companies operating in the global
  acetone market are
• LyondellBasell Industries
• INEOS Phenol GmbH
• The Dow Chemical Company
• Royal Dutch Shell Co
• Honeywell Chemicals
• Mitsui Chemicals Inc
• SABIC
• Kumho PB Chemical
• Cepsa Quimica
• S.A.

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• The acetone market report provides a thorough
  analysis of macro-economic factors and every
  segment's market attractiveness. The report will
  include an in-depth qualitative and quantitative
  assessment of the
• segmental/regional outlook with the market
  players presence in the respective segment and
  region/country. The
• information concluded in the report includes the
  inputs from primary interviews with industry
  experts.
• Acetone Market Report Covers Comprehensive
  Analysis On
• Market Segmentation Regional Analysis
• Market Size of 10 years
• Pricing Analysis
• Supply Demand Analysis
• Product Life Cycle Analysis
• Porter's Five Forces Value Chain Analysis
• Developed Emerging Economies Analysis
• PEST Analysis
• Market and Forecast Factor Analysis
• Market Opportunities, Risks, Trends
• Conclusion Recommendation
• Regulatory Landscape
• Patent Analysis
• Competition Landscape
• 15 Company Profiles

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• Acetone Market Regional Analysis Includes
• North America (US, Canada, Mexico)
• South America (Brazil, Argentina, Colombia, Peru,
  Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain,
  Poland, Russia, Slovenia, Slovakia, Hungary,
  Czech Republic, Belgium, the Netherlands,
  Norway, Sweden, Denmark, Rest of Europe)
• Asia Pacific (China, Japan, India, South Korea,
  Indonesia, Malaysia, Thailand, Vietnam, Myanmar,
  Cambodia, the Philippines, Singapore, Australia
  New Zealand, Rest of Asia Pacific)
• The Middle East Africa (Saudi Arabia, UAE,
  South Africa, Northern Africa, Rest of MEA
• Request For Report Description
  https//www.marketstatsville.com/acetone-
  market-valued-at-usd-5-6-billion-by-2025

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