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Nitesh Vhaval

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November 24, 2023 11:15 am

Acetone Market Analysis, Development, Revenue, Future Growth, Business Prospects and Forecast to 2028 The global acetone market is expected to gain momentum from the high demand for petrochemicals and... View MoreAcetone Market Analysis, Development, Revenue, Future Growth, Business Prospects and Forecast to 2028 The global acetone market is expected to gain momentum from the high demand for petrochemicals and chemicals from several end-use industries. This information is given by Fortune Business Insights™ in a new study, titled, “Acetone Market Size, Share & COVID-19 Impact Analysis, By Application (Solvent, Bisphenol A (BPA), Methyl Methacrylate (MMA), and Others), By End-use (Paints & Coatings, Plastic, Automotive, Adhesives, Pharmaceuticals, Cosmetics, Electrical & Electronics, and Others), and Regional Forecast, 2020-2027.” The study further mentions that the acetone market size was USD 3,962.0 million in 2019 and is projected to reach USD 4,995.3 million by 2027, exhibiting a CAGR of 3.7% during the forecast period. How Did We Create This Report? We employ iterative and comprehensive research techniques focusing on minimizing deviance. We use a combination of top-down and bottom-up approaches for estimating and segmenting quantitative aspects of the parent’s market. At the same time, data triangulation is used to look at the market from three perspectives. Simulation models were used to gather data about the market forecasts and estimates. Drivers & Restraints- Increasing Manufacturing of Sanitizers and Disinfectants to Drive Growth The increasing production of disinfectants and sanitizers worldwide is set to surge the demand for dimethyl ketone as isopropanol is derived from it. Besides, the high popularity of cosmetics and personal care products would aid the acetone market growth throughout the forthcoming years. However, acetone possesses higher initiation energy points and can’t auto-ignite. This may hamper its demand. Segment- Paints & Coatings Segment to Grow Steadily Fueled by Higher Usage of Solvents Based on end-use, the plastic segment earned 33.3% in terms of the global acetone market share in 2019. The paints & coatings segment generated the largest share in 2019 because of the rising usage of solvents in this sector as it can dissolve non-polar and polar substances. Browse Summary: https://www.fortunebusinessinsights.com/acetone-market-104446

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Acetone Market Size, Growth Rate, Industry Share | Global Report, 2030

www.fortunebusinessinsights.com

The global acetone market size was $3,962.0 Mn in 2019 and is projected to reach $4,995.3 Mn by 2027, exhibiting a CAGR of 3.7% during the forecast period.

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