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The Prominent Industry Players in the Acetone Market: INEOS, Royal Dutch Shell plc, Dow Chemical Company, Cepsa, Mitsui Chemicals, Inc., Altivia, LCY GROUP

The Prominent Industry Players in the Acetone Market: INEOS,

Acetone Market size from the automotive industry may endure appreciable growth in the projected time frame. Rising polycarbonate for automotive lighting applications including light housing, headlamp lenses, bezels owing to superior transparency and temperature resistance properties should promote product demand. Increasing lightweight automobiles demand to owe to enhance performance and lower emissions should accelerate polycarbonate demand due to lightweight properties, thus driving the market growth.

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Acetone Industry, By Application, 2014-2025 (Tons) (USD Million)
o Methyl Methacrylate (MMA)
o Bisphenol A (BPA)
o Solvents
Acetone Market, By End-use, 2014-2025 (Tons) (USD Million)
o Cosmetics and Personal Care
o Electronics
o Construction
o Automotive
o Pharmaceutical
o Agricultural Chemicals
o Paints & Coatings
o Adhesives
o Others

Europe, driven by UK, Spain, Italy, France, and Germany Acetone Market may observe steady gains. Rising pharmaceuticals demand owing to increasing clinical trials, research along with supportive government initiatives including PRIME launched by European Medicines Agency to research and produce novel drugs should promote regional industry growth.

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Asia Pacific, led by Australia, South Korea, Japan, China, and India acetone industry is anticipated to experience significant growth owing to rising industrial and infrastructural investments. Shifting manufacturing facilities to India due to lower labor and production costs should boost the Indian manufacturing sector which would propel the acetone market. Government initiatives like Make in India by the Indian government which promotes domestic production should increase manufacturing activities in sectors including automotive, electronics and paints which may boost product demand.

North America, led by Mexico, Canada, and the U.S. acetone market size is anticipated to rise significantly in the projected period. Growing cosmetics and personal care products demand owing to rising young population and skincare awareness which should accelerate acetone industry growth. This product is extensively used in personal care and cosmetics products formulation which includes bath, cleansing, nail polish, fragrance, hair care, and skincare solutions owing to high miscibility and VOC free properties which should promote industry growth.

The global pharma market may surpass USD 1.5 trillion by 2023 owing to rising healthcare affordability along with product innovations. Acetone is predominantly utilized for pharma production as a solvent to produce denatured alcohol which should stimulate industry growth.
High exposure of acetone may cause unconsciousness, seizures and respiratory distress, thus hampering product demand. Stringent regulation regarding Bisphenol-A utilization in plastic food contact materials due to hazardous human effects should hinder industry profitability, thus affecting acetone market price trends.

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Global acetone market share is highly fragmented. The key players operating in the market includes INEOS, Royal Dutch Shell plc, Dow Chemical Company, Cepsa, Mitsui Chemicals, Inc., Altivia, LCY GROUP, Formosa Chemicals & Fiber Corporation, Prasol Chemicals Pvt. Ltd. and EMCO Limited.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Global Market Insights, Inc.
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