Acetone Market Growth Driving Factors, Industry Analysis, Investment Feasibility and Trends, Outlook -2023

1. Acetone Market Research Report - Forecast to 2023 Industry Survey, Growth, Competitive Landscapeand Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)

2. Acetone Market Research Report- Forecast to 2023 Acetone Market -Overview The Global Acetone Market is growing with the rapid pace for its major use as solvent in manufacturing wide variety of plastics; mainly due to the proliferation of plastics industry. According to a recent study report published by the Market Research Future, The global market of Acetone is increasing and anticipated to gain significance over the forecast period. The market is forecasted to demonstrate a stunning growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2023). Globally, the market for Acetone is driven by the region Asia pacific, owing to the rise in the necessity to lodge expanding population resulting in to increasing demand for acetone based adhesives & sealants serving different purposes in this expanding construction projects. Acetone are extensively used in the production of cleaning and degreasing chemical agents for industrial purposes. Acetone enhances the functioning and improve the durability of industrial machinery. Not only is acetone's extreme flammability a risk to the environment, but it also poses a significant risk to the oxygen depletion in aquatic systems due to the microbial consumption. Rising disposable incomes and urbanization suggests the growth of cosmetics and personal care industry. Moreover growing industries such as pharmaceuticals, electrical & electronics, and paints & coatings provide momentum to the Acetone Market growth. On the other hand, the negative impact Bleaching Chemical leave on the environment, restricts its uptake resulting in to further hampering the Bleaching Chemical Market growth. Most of the world’s acetone production is derived from phenol. Thus, acetone is directly influenced by the phenol market. Asia Pacific is the largest producer of acetone and most of it is utilized as an intermediate chemical solvent for various chemical industries. Methyl methacrylate (MMA) is the second-largest end use for acetone. Bisphenol A is the third-largest demand sector. www.marketresearchfuture.com

3. Acetone Market Research Report- Forecast to 2023 Segmental Analysis The Global Acetone Market has been segmented on the basis of Application and End-use Industry. Based on Application, the Acetone Market is segmented into methyl methacrylate, bisphenol A, solvent, and others. Among these segments, bisphenol A accounts for the largest market share in the global acetone market due to its high utilization as a raw material for the production of epoxy and polycarbonate resins. The extensive use of polycarbonate in the automobile industry is anticipated to further the expansion of bisphenol A segment in the global acetone market during the forecast period. Based on End-use Industry, the Acetone Market is segmented into pharmaceuticals, personal care, paints & coatings, plastics, construction, electrical & electronics, and others. Get Complete Report @ https://www.marketresearchfuture.com/reports/acetone-market-1033 www.marketresearchfuture.com

4. Acetone Market Research Report- Forecast to 2023 Regional Outlook Geographically, the Global Acetone Market has been segmented into five major regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these, The Asia Pacific region is anticipated to dominate the Global Acetone Market during the forecast period due to the rapid infrastructural development, significant expansion of construction and paint & coatings industries. The North America region is projecting noteworthy growth in the Global Acetone Market owing to the increasing production capacities of the acetone manufacturers and high consumption potential of acetone in the pharmaceutical industry of this region. The Acetone Market in the Europe region is anticipated to expand during the forecast period as the investments for research and development is increasing in the healthcare and cosmetics industries in this region. The increasing construction activities in the Middle East region are positively impacting the expansion of the Acetone Market in this region. The increasing demand for Acetone due to its wide application range is driving the Acetone Market in the rest of the world. www.marketresearchfuture.com

5. Acetone Market Research Report- Forecast to 2023 Major Players in this Research Acetone Market Prominent Players: • INEOS (Switzerland) • The Royal Dutch Shell plc (the Netherlands) • The Dow Chemical Company (the U.S.) • Cepsa(Spain) • Mitsui Chemicals, Inc. (China) • Altivia(the U.S.) • LCY GROUP (Taiwan) • Formosa Chemicals & Fiber Corporation (China) • PrasolChemicals Pvt. Ltd. (India) • EMCO Limited (India) Try Sample Report @ https://www.marketresearchfuture.com/sample_request/1033 www.marketresearchfuture.com

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