The rising demand for methyl methacrylate in LCDs for the consumer electronics market, as well as the expanding use of polycarbonate in the automotive industry, is expected to be a major driver for the acetone market throughout the forecast period. The commercialization of bio-based acetone is expected to generate market growth possibilities throughout the forecast period. However, fluctuations in crude oil prices hinder market expansion. Acetone market growth is projected to be slowed by rising demand for bio-based acetone and stringent regulatory regulations. Furthermore, contact with acetone is hazardous to one's health and can result in intoxication, dizziness, nausea, and unconsciousness, all of which might impede market expansion.
Global Acetone Market Overview:
The Global Acetone Market Research Report has delved into an extensive examination of the current status encompassing definitions, classifications, applications, and the intricate structure of the industrial chain within the targeted sector. With unbiased and expert commentary, this report provides insights into the prevailing market condition, historical market performance, production and consumption rates, demand-supply dynamics, and revenue projections for the anticipated period. Notably, the analysis extends to encompass strategic goals and growth strategies adopted by major entities operating in this sector. This investigation encompasses diverse approaches such as mergers and acquisitions, corporate transactions, partnerships, collaborations, joint ventures, brand promotion, and product introductions. In summary, this research paints a comprehensive picture of the and regional landscape of the sector.
Key Insights:
Global Acetone Market size was valued at US$ 4.20 Bn. in 2022 and the total revenue is expected to grow at 5.2% CAGR through 2023 to 2029, reaching nearly US$ 6 Bn.
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COVID-19 Impact on Global Acetone market:
The Global Acetone industry has borne the brunt of the COVID-19 pandemic, with profound implications. disruptions and workforce limitations led to suspension of production facilities. This crisis caused a significant and prolonged reduction in production utilization, compounded by travel restrictions and facility closures which kept personnel away from their workspaces, consequently slowing down the Global Acetone market in 2020. However, the adverse effects of COVID-19 on this market are anticipated to be transitory, with a swift rebound expected by early 2021, driven by escalated demand for Global Acetone .
Global Acetone Market Drivers:
According to a study published in the Journal of Coating Technology and Research by Nicola Kessel and colleagues, crosslinking influences the pace and total amount of surfactant exudation for particle deformability and evaporation rate. This paper revealed the presence of characteristics in Acetone that can improve the functionality of chemicals to which it is added. This study gives a detailed examination of the widespread use of acetone in the production of several industrial chemicals.
Global Acetone Market Segmentation:
by Product Application
Methyl methacrylate
Bisphenol-A
Aldol chemicals
Solvent
by Grade
Technical Grade
Specialty Grade
by End Use Industry
Chemicals
Pharmaceuticals
Cosmetics
Electronics
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Key Players:
This research report offers comprehensive quantitative insights, providing a lucid view of market prospects across various categories, along with country-specific analyses for each covered region. The analysis scrutinizes the pivotal factors influencing the market, complemented by exhaustive profiles of...
1. INEOS Phenol
2. Royal Dutch Shell PLC
3. The Dow Chemical Company
4. Mitsui Chemicals, Inc.
5. Sasol
6. Hindustan Organic Chemicals Limited
7. Domo Chemicals
8. Honeywell International, Inc.
9. Formosa Chemicals and Fiber Corporation
10.CEPSA Quimica
11.Prasol Chemicals Pvt. Ltd.
12.EMCO Limited
13.KUMHO PB Chemicals., Inc.
14.SABIC
15.LyondellBasell Industries Holdings B.V.
16.Shell International B.V.
17.Altivia
18.Borealis AG
19.Domo Chemicals
20.U.S. Chemical Plastics
Regional Analysis:
The region portion of the research also provides key market influencing aspects and changes in market regulation that influence the market's current and future trends. New sales, replacement sales, national demographics, regulatory acts, and import-export taxes are some of the major variables used to assess the market scenario for various locations. Furthermore, when providing forecast analysis of national data, the existence and availability of brands, as well as the hurdles they encounter due to strong or weak competition from local and domestic brands, as well as the influence of sales channels, are taken into account.
Table Of Content:
1. Global Acetone Market: Research Methodology
2. Global Acetone Market: Executive Summary
2.1 Market Overview and Definitions
2.1.1. Introduction to Global Acetone Market
2.2. Summary
2.2.1. Key Findings
2.2.2. Recommendations for Investors
2.2.3. Recommendations for Market Leaders
2.2.4. Recommendations for New Market Entry
3. Global Acetone Market: Competitive Analysis
3.1 MMR Competition Matrix
3.1.1. Market Structure by region
3.1.2. Competitive Benchmarking of Key Players
3.2 Consolidation in the Market
3.2.1 MA by region
3.3 Key Developments by Companies
3.4 Market Drivers
3.5 Market Restraints
3.6 Market Opportunities
3.7 Market Challenges
3.8 Market Dynamics
3.9 PORTERS Five Forces Analysis
3.10 PESTLE
3.11 Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
3.12 COVID-19 Impact
Key Questions Answered in the Global Acetone Market Report are:
- Which segment emerged as the leading segment in the Global Acetone market?
- Which are the key players in the Global Acetone market?
- What trends are likely to emerge in the Global Acetone market in the coming years?
- What will be the Global Acetone market size by 2027?
- Which company held the largest share in the Global Acetone market in 2020?
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