Global Acetone Market is estimated to be US$ 7.41 billion by 2030 with a CAGR of 5.30% during the fo (Business Opportunities - Marketing & Sales)

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Global Acetone Market is estimated to be US$ 7.41 billion by 2030 with a CAGR of 5.30% during the fo


Global Acetone Market accounted for US$ 4.44 billion in 2020 and is estimated to be US$ 7.41 billion by 2030 and is anticipated to register a CAGR of 5.30%. Acetone is one of the simplest forms of ketone. Acetone can be commonly found as a clear and colorless liquid with a distinct sweet odor. Acetone is a key ingredient in production of methyl methacrylate (MMA) and bisphenol A (BPA). Methyl methacrylate (MMA) is further used as an intermediate in production of PVC (poly vinyl chloride). Acetone is also used in production of polycarbonate which is an essential raw material for insulation of electrical applications.

The report " Global Acetone Market, By Application (Methyl Methacrylate, Bisphenol A, and Solvent), By End-Use Industry (Pharmaceuticals, Personal Care, Paints & Coatings, Plastics, Construction, and Electrical & Electronics) and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2030”
Key Highlights:

In November 2019, ALTIVIA Ketones & Additives LLC, an affiliate of ALTIVIA Petrochemicals, acquired Dow’s Acetone Derivatives Business and associated chemical manufacturing assets at Institute, West Virginia , also the Institute tract .
Analyst View:

Growing demand for acetone from various end-use industries, especially from the automotive and paints & coatings industries, across the globe is a major factor driving growth of the acetone market currently. However, stringent government regulations on products manufactured from use of acetone in combination with other chemicals is a major factor hampering growth of the global market.
To know the upcoming trends and insights prevalent in this market, click the link below:

https://www.prophecymarketinsights.com/market_insight/Global-Acetone-Market-By-Application-168

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