Press release
Acetone Market 2018-2025 |Key Players INEOS Phenol, Royal Dutch Shell PLC, The Dow Chemical Company
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Acetone is also found in paints, varnishes, and lacquers and is used as a solvent for cement in the leather and rubber industries. Acetone is often the primary component in cleaning agents such as nail polish remover. Acetone is a component of superglue remover and easily removes residues from glass and porcelain.
Acetone is produced directly or indirectly from propene. More than 90% of the world’s acetone production occurs simultaneously with phenol, hence following the same trend as phenol. In addition to being manufactured, acetone also occurs naturally, even being biosynthesized in small amounts in the human body. Acetone is used as a polar aprotic solvent in a variety of organic reactions, such as SN2 reactions. An important use for acetone is in the production of methyl methacrylate and bisphenol A. Bisphenol A is used for the production of polycarbonate and epoxy resins. Polycarbonate resins are widely used in automotive industry for advanced lighting applications, such as headlamp bezels, headlamp lenses, and light guides.
Key players operating in the global acetone market include INEOS Phenol, Royal Dutch Shell PLC, The Dow Chemical Company, Mitsui Chemicals, Inc., Sasol, Hindustan Organic Chemicals Limited, Domo Chemicals, Honeywell International, Inc., Formosa Chemicals and Fiber Corporation, and CEPSA Quimica, Prasol Chemicals Pvt. Ltd., and EMCO Limited.
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