Acetone Market: A Versatile Solvent and Chemical Building Block??
Acetone Market, By Application (Methyl Methacrylate, Bisphenol A, and Solvent), By End-Use Industry (Pharmaceuticals, Personal Care, Paints & Coatings, Plastics, Construction, and Electrical & Electronics) and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2030
Acetone Market accounted for US$ 4.44 billion in 2020 and is estimated to be US$ 7.41 billion by 2030 and is anticipated to register a CAGR of 5.30%. Acetone is one of the simplest forms of ketone. Acetone can be commonly found as a clear and colorless liquid with a distinct sweet odor. Acetone is a key ingredient in production of methyl methacrylate (MMA) and bisphenol A (BPA). Methyl methacrylate (MMA) is further used as an intermediate in production of PVC (poly vinyl chloride). Acetone is also used in production of polycarbonate which is an essential raw material for insulation of electrical applications.
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Competitive Landscape:
Some of the prominent players operating in the acetone market include INEOS Phenol, Sunoco LP, Mitsui & Co., Ltd., Royal Dutch Shell Plc., SINOPEC Shanghai Petrochemical Co., Ltd., DOW Chemical Co., CEPSA Quimica, S.A., U.S. Chemicals LLC, Formosa Chemicals &Fibre Corp, Minda Corp., EMCO Chemical Distributors, ConChemCo, and Prasol Chemicals Pvt. Ltd.
?? Solvent and Cleaning Agent: Delve into the role of acetone as a versatile solvent and cleaning agent. Explore how acetone is used to dissolve and remove paints, varnishes, adhesives, and other coatings. Learn about its ability to clean surfaces, equipment, and machinery in industrial settings, as well as its use in nail polish removers and household cleaners.
?? Chemical Intermediate: Witness the impact of acetone as a chemical intermediate in the production of various compounds. Explore how acetone is used to synthesize derivatives such as bisphenol A (BPA), methyl methacrylate (MMA), and isopropyl alcohol (IPA). Learn about its role in the manufacture of plastics, fibers, resins, and pharmaceuticals, contributing to a wide range of consumer and industrial products.
?? Healthcare and Personal Care: Discover the importance of acetone in healthcare and personal care products. Explore how acetone is used in pharmaceutical formulations, such as medications and topical solutions. Learn about its role in nail care products, perfumes, and cosmetics, where it acts as a solvent and viscosity reducer.
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