As per a recent survey by insightSLICE, Global acetone market size is expected to reach USD 7.9 billion by 2031, exhibiting a CAGR of 4.9% during the forecast period 2021-2031. Acetone is utilized in horticulture as fungicides and insect sprays as it is a decent dissolvable and goes about as a transporter specialist for the dynamic ingredients. The basic need to give protected and sterile surgeries upholds the development of this segment. Critical expansion in the creation of cleaners and sanitizers are likewise expected to be key freedoms for the development of the acetone market during 2021-2031.
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Competitive Landscape
Some of the major players in the Acetone market are Hindustan Organic Chemicals Limited, INEOS Phenol, Royal Dutch Shell PLC, Formosa Chemicals and Fiber Corporation, Honeywell International Inc., Borealis AG, BASF SE, Green Biologics Limited, Prasol Chemicals Pvt. Ltd.,, Altivia, Reliance Industries Limited, Lyondell Basell Industries Inc., Mitsui Chemicals Inc, DOMO Chemicals GmbH, and others.
Players in the Acetone market are mainly concentrating on new product launches, acquisition, and collaboration to meet the growing demand for various end-use industries. New product launches help companies to strengthen their product portfolio and meet the specific demands of customers.
The report discusses key information about major growth drivers, restraints, opportunities, and trends observed in the global Acetone market. Factors such as market projections, the supply-demand ratio, market size, market attractiveness, technological advances, and key segments have been studied in detail. The Acetone market shares, product portfolios, and business strategies of the major market players have been revealed, along with authentic statistical data, figures, charts, and tables.
Segmentation Overview:
Based on Grade
- Specialty Grade Acetone
- Technical Grade Acetone
Based on Application
- Bisphenol A
- Methyl Methacrylate (MMA)
- Solvents
- Methyl Isobutyl Ketone
- Other
Based on End use
- Construction
- Automotive
- Cosmetics and Personal Care
- Paints and Coatings
- Pharmaceutical
- Agriculture
- Others
Users can Expect Following From this Report:
- Impact of macro and microeconomic factors on the market: The author of report has included qualitative analysis to describe the factors impacting growth of market in a positive and negative way. Country level PESTLE analysis helps in knowing the future of market across prominent countries.
- COVID-19 impact: The global crisis has had implications on every industry. Our team of analysts has been incessantly monitoring the impact of COVID-19 on the market. There is a separate section included in the report to highlight the setbacks suffered during the crisis period.
- insightSLICE’s authentic industry forecast that are dependable for strategic decisions involving financial and marketing planning
- Industry Sectors to be Targeted: An elaborate explanation about what industry sector/s is anticipated to grow in near and long-term future. The findings are based on latest industry trends, reviews, strategic collaborations between industry players and first-hand experience of the ecosystem participants.
- Assess the market position of competitors, partners and clients via our Competitive Landscape Analysis. Strategies adopted by prominent and emerging market players, the synergies between channel partners, geographic performance of global and domestic players and similar pointers have been studied and described in this section.
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The Acetone Report provides industry professionals and strategists, corporate analysts, associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the market.
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