Acetone Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2028

 

Acetone is a colorless, clear organic liquid that is volatile and flammable and has a pungent or fruity odour. It is the most basic and smallest ketone. It is also known as 2-propanone or dimethyl ketone. It is primarily used as a solvent in industry and as a chemical intermediate. Acetone is miscible with water and is an important solvent, primarily used for cleaning in laboratories. Acetone can also be found in paints, varnishes, and lacquers, as well as in the leather and rubber industries as a cement solvent. Acetone is frequently the main ingredient in cleaning agents such as nail polish removers. Acetone, a component of superglue remover, is effective at removing residue from glass and porcelain.

Acetone Market is a common solvent used in many industries today. Acetone Market include flooring, paint, coatings, cabinetry, and fiberglass manufacturing. Because of high demand for acetone and recent supply constraints, the price of virgin acetone is expected to rise.

Acetone is commonly used as a solvent in the production of plastics and other industrial products. Acetone Market may also be used to a limited extent in household products such as cosmetics and personal care products, with the most common application being in the formulation of nail polish removers.

Acetone, also known as 2-propanone or dimethyl ketone, is one of the most basic and important aliphatic ketones. Acetone is made by alkylating benzene with propylene, which results in cumene, which is then oxidised by air to produce phenol and acetone. Acetone plants are typically integrated with phenol.

The chemical is widely used as a solvent for fats, oils, waxes, resins, rubber, plastics, lacquers, varnishes, and rubber cements, and it is also used as an intermediate in the synthesis of Bisphenol-A (BPA), Methyl Methacrylate (MMA), and Methyl Isobutyl Ketone (MIBK).

Key Players

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, Parasol Chemicals Pvt. Ltd., and EMCO Limited are key players in the global acetone market.