Acetone Market Analysis to 2023 | Top 10 Companies, Trends, Growth Factors Details for Business Development
Sep 10, 2018
Global Acetone Market Information by Application (Methyl Methacrylate, Bisphenol A, Solvent), by End Use (Pharmaceuticals, Personal Care, Paints & Coatings, Plastics, Construction, Electrical & Electronics), and Region- Forecast till 2023
Pune, India - September 10, 2018 /MarketersMedia/ —
Acetone Market Overview to 2023
The acetone market in the Europe region is anticipated to expand during the forecast period as the investments for research and development is increasing in the healthcare and cosmetics industries in this region. The increasing construction activities in the Middle East region are positively impacting the expansion of the acetone market in this region. The increasing demand for acetone due to its wide application range is driving the acetone market in the rest of the world.
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Competitive Analysis:
Some of the key players in the global acetone market are INEOS (Switzerland), The Royal Dutch Shell plc (the Netherlands), The Dow Chemical Company (the U.S.), Cepsa (Spain), Mitsui Chemicals, Inc. (China), Altivia (the U.S.), LCY GROUP (Taiwan) Formosa Chemicals & Fiber Corporation (China), Prasol Chemicals Pvt. Ltd. (India) and EMCO Limited (India) among others.
Increasing research and development expenditure by the players in the global acetone market is reinforcing the competition in the global market. The players are planning on strategic mergers and acquisition for business expansion to sustain the highly competitive environment of the global acetone market.
Industry Updates:
In June 2018, China’s domestic acetone prices have fallen at a two-year low as the supply has outstripped the demand for acetone in the market. According to the ICIS data, the prices are down by 12 % from the end of May 2018. On 25th June 2018, Green Biologics, Inc. (U.S.) has announced the launch of world’s first bio-based acetone nail polish remover which is branded under Sally Beauty’s “Beauty Secrets” line, a collaboration of Green Biologics and Mariana Industries, a leading manufacturer and developer of beauty products in the U.S.
Acetone Market - Intended Audience:
Acetone manufacturers
Traders and Distributors of acetone
Production Process Industries
Potential Investors
Raw Material Suppliers
Nationalized Laboratory
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Segmentation Analysis
The global acetone market is categorized on the basis of application, end use industry, and region. On the basis of application, the acetone market is categorized into methyl methacrylate, bisphenol A, and solvent. On the basis of end use industry, the market is segmented into pharmaceuticals, personal care, paints & coatings, plastics, construction and electrical & electronics. On the basis of region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
Regional Analysis
The global acetone market consists of five regions: Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Asia Pacific is predicted to grow with the highest CAGR during the review period, 2017 to 2023 on account of expanding paints & coatings and construction industries. Rising middle class population and their increasing expenditure on improving the living standards is expected to increase furthermore in the forecast period.The acetone market is predicted to increase in numerous countries of the Asia Pacific such as China, India, Japan and Indonesia due to increasing urbanization and population is anticipated to drive the market in the forecast period.
Contact Info:
Name: Abhishek
Organization: Market Research Future
For more information, please visit https://www.marketresearchfuture.com/reports/acetone-market-1033
Source: MarketersMedia
Release ID: 405373
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