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Growth Prospects in the Acetone Market: Industry Demand, Share, Size, Growth Drivers, Segmentation, and Forecast until 2030

08-24-2023 01:47 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Factual Market Research

Acetone Market

Acetone Market

The Global Acetone Market size was estimated at USD 5.5 Billion in 2021 and is going to be around USD 10.1 Billion by 2030, growing at a CAGR of 7.9%.

Browse Report:https://www.factualmarketresearch.com/Reports/Acetone-Market

Factual Market Research has unveiled the publication of the report titled "Acetone Market 2023: Manufacturers, Regions, Types, Applications, and Forecasts till 2030." This report offers an extensive and meticulous analysis categorized by regions and countries, types, and applications. Given the dynamic nature of the market, the report delves into competitive dynamics, supply, and demand trends, as well as pivotal factors that shape evolving requirements across diverse needs. The document includes profiles of companies and exemplars of their products from select competitors. Furthermore, it presents estimated market shares for the year 2023 of confident prominent leaders. Moreover, the report furnishes valuable insights concerning market drivers, constraints, opportunities, recent product launches or approvals, and the impact of COVID-19 and the Russia-Ukraine conflict.

๐†๐ž๐ญ ๐š ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.factualmarketresearch.com/Request-for-sample/12302

The primary aim of the Factual Market Research report is to provide a comprehensive evaluation of the global market, encompassing the significant key players within the Acetone. The assessment presents the current and historical state of the market, along with projected market size and trends, in an easily understandable manner. Furthermore, the report furnishes information concerning volume, share, revenue, production, and sales within the market.

Drivers for the Acetone Market:

1. Growing Demand from End-Use Industries: Acetone is widely used as a solvent in various industries such as chemicals, pharmaceuticals, plastics, and paints & coatings. The increasing demand from these sectors contributes to the growth of the acetone market.

2. Expanding Cosmetic and Personal Care Industry: Acetone is utilized in the formulation of cosmetics and personal care products such as nail polish removers and skin creams. The growth of the cosmetic industry drives the demand for acetone as an essential ingredient.

Restraints for the Acetone Market:

1. Fluctuating Raw Material Prices: Acetone is primarily produced from propylene, which is a derivative of crude oil. Fluctuations in crude oil prices can impact the cost of raw materials, affecting the overall profitability of the acetone market.

2. Environmental and Health Concerns: Acetone emissions can contribute to air pollution and have adverse health effects. Stringent regulations regarding volatile organic compounds (VOCs) emissions can impose limitations on the production and use of acetone in certain applications.

๐ˆ๐Ÿ ๐ฒ๐จ๐ฎ ๐ก๐š๐ฏ๐ž ๐š๐ง๐ฒ ๐ช๐ฎ๐ž๐ซ๐ข๐ž๐ฌ ๐ซ๐ž๐ฅ๐š๐ญ๐ž๐ ๐ญ๐จ ๐ญ๐ก๐ž ๐ญ๐ก๐ข๐ฌ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ, ๐ฉ๐ฅ๐ž๐š๐ฌ๐ž ๐ ๐ž๐ญ ๐ข๐ง ๐ญ๐จ๐ฎ๐œ๐ก ๐ฐ๐ข๐ญ๐ก ๐จ๐ฎ๐ซ ๐ž๐ฑ๐ฉ๐ž๐ซ๐ญ ๐š๐ญ: https://www.factualmarketresearch.com/Inquiry-buying/12302

๐Š๐ž๐ฒ ๐ฉ๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

โ–บ INEOS Phenol GmbH
โ–บ Royal Dutch Shell Plc
โ–บ The Dow Chemical Company
โ–บ Honeywell Research Chemicals
โ–บ Prasol Chemicals Pvt., Ltd.
โ–บ Mitsui Chemicals Inc.
โ–บ CEPSA Quimica, S.A.
โ–บ Lynodell Basell Industries Inc.
โ–บ Kumho P&B Chemicals
โ–บ SABIC
โ–บ Thermo Fisher Scientific Inc.
โ–บ Arkema
โ–บ Solvay

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

โ–บ By Application
โ–บ Methyl Methacrylate (MMA)
โ–บ Bisphenol A (BPA)
โ–บ Solvents
โ–บ Others

By Distribution Channel
โ–บ Manufacturers to Distributors
โ–บ Manufacturers to End-User

By Grade
โ–บ Specialty Grade
โ–บ Technical Grade

๐—ฅ๐—ฒ๐—พ๐˜‚๐—ฒ๐˜€๐˜ ๐—ณ๐—ผ๐—ฟ ๐—–๐˜‚๐˜€๐˜๐—ผ๐—บ๐—ถ๐˜‡๐—ฎ๐˜๐—ถ๐—ผ๐—ป : https://www.factualmarketresearch.com/Request-for-customization/12302

Impact of COVID-19 on the Acetone Market:

1. Supply Chain Disruptions: The pandemic disrupted global supply chains, affecting the availability of raw materials and transportation of acetone. This led to supply shortages and price fluctuations in the acetone market.

2. Fluctuating Demand: The reduced economic activity during lockdowns resulted in decreased demand for products that utilize acetone, such as automotive paints and coatings, adhesives, and construction materials.

Impact of Russia-Ukraine War on the Acetone Market:

1. Supply Chain Uncertainty: The conflict between Russia and Ukraine could disrupt supply routes for raw materials and chemicals, potentially affecting the availability of propylene, a key raw material for acetone production.

2. Geopolitical Tensions: Geopolitical uncertainties can lead to market volatility, affecting investor confidence and potentially leading to price fluctuations in the acetone market due to uncertainty in trade and global economic conditions.

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐›๐ซ๐ž๐š๐ค๐๐จ๐ฐ๐ง:

โžฅ North America (including USA, Canada, and Mexico)

โžฅ Europe (encompassing Germany, the UK, France, Russia, Italy, and other European regions)

โžฅ Asia-Pacific (covering China, Japan, South Korea, India, Southeast Asia, and additional Asia-Pacific areas)

โžฅ South America (spanning Brazil, Argentina, Columbia, and other South American regions)

โžฅ The Middle East and Africa (encompassing Saudi Arabia, UAE, Egypt, Nigeria, South Africa, and other MEA regions)

๐—ฃ๐˜‚๐—ฟ๐—ฐ๐—ต๐—ฎ๐˜€๐—ฒ ๐—ฟ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐——๐—ถ๐—ฟ๐—ฒ๐—ฐ๐˜๐—น๐˜† (๐…๐ฅ๐š๐ญ ๐Ÿ๐Ÿ“% ๐ƒ๐ข๐ฌ๐œ๐จ๐ฎ๐ง๐ญ) : https://www.factualmarketresearch.com/Checkout/12302

๐Š๐ž๐ฒ ๐๐ž๐ง๐ž๐Ÿ๐ข๐ญ๐ฌ ๐จ๐Ÿ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:

โžฅ Comprehensive analysis of industry catalysts, limitations, and prospects included in the investigation.

โžฅ Examination of recent trends and advancements within the industry.

โžฅ In-depth exploration of the competitive terrain and tactics employed by pivotal participants.

โžฅ Inclusion of promising sectors and regions displaying potential growth opportunities.

โžฅ Encompassing assessment of historical, prevailing, and projected market size in terms of value.

โžฅ Overview of the geographical perspective concerning the Autonomous Technology Market.

๐—–๐—ผ๐—ป๐˜๐—ฎ๐—ฐ๐˜ ๐—จ๐˜€

Factual Market Research

Email id: sales@factualmarketresearch.com

Ph.: US +18007743961 | UK +448081897087 | APAC +919717322206

Website: www.factualmarketresearch.com

๐—”๐—ฏ๐—ผ๐˜‚๐˜ ๐—จ๐˜€

We at Factual Market Research are always looking for ways to do better. We are committed to offering companies in-depth information that will aid in planning precise and successful growth strategies for our customers.

We are aware of the quantity and quality of the information flowing. We can categorize and rectify the data required for insight through a thorough and synchronized analytical effort. By offering sensitive data collection and analysis on-site, we assume responsibility for providing our respected clients with detailed and exhaustive research and data gathering.

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