The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global acetone market is on a dynamic growth trajectory, with expectations to rise from $4.84 billion in 2022 to $5.20 billion in 2023. This upward surge is fueled by a robust Compound Annual Growth Rate (CAGR) of 7.41%. The journey doesn’t end here; projections indicate further expansion, with the market size anticipated to reach $6.63 billion by 2027, sustaining a steady CAGR of 6.26%.

Beauty’s Influence: The Impact of Personal Care Products

Personal Care Products Demand

• Defining Consumer Goods: Personal care products encompass consumer goods used for hygienic practices, grooming, and beautification.
• Acetone’s Role: Acetone emerges as a key chemical compound in personal care products, driving up the demand for acetone in this sector.

Market Insights

• Revenue Growth: A joint report by Google India Private Limited, WPP, and KANTAR predicts significant growth in the beauty and personal care industry, expected to reach 102k-111k (INR cr) in 2024 from 73k (INR cr) in 2019.
• Market Implication: The increased demand for personal care products is set to propel the growth of the acetone market.

Industry Giants: Leading the Charge

• Key Players: Major contributors to the acetone market include INEOS Phenol GmbH, Shell plc, Honeywell International Inc., Prasol Chemicals Limited, Mitsui Chemicals Inc., and other notable industry leaders.

Innovations Galore: Driving Market Trends

INEOS Phenol’s Game-Changing Innovation

• Focus on Sustainability: Product innovation stands out as a key trend in the acetone market, with a keen emphasis on research and development.
• June 2022 Milestone: INEOS Phenol GmBH introduces INVIRIDISTM, a bio-attributed innovative product line for phenol, acetone alpha-methyl styrene (AMS).
• Sustainability Impact: INVIRIDISTM is crafted without fossil fuels as feedstock, utilizing bio-attributed cumene to offer a lower carbon footprint.
• Fossil Fuel Substitution: This innovation allows for a 100% substitution of fossil feedstock in its production system, contributing to environmental sustainability.

Market Dynamics: Navigating Segmentation

1) By Grade

• Specialty Grade Acetone, Technical Grade Acetone:
  • Diverse acetone grades catering to specific industry requirements.

2) By Application

• Bisphenol A, Methyl Methacrylate (MMA), Solvents, Methyl Isobutyl Ketone, Other Applications:
  • Versatile applications showcasing acetone’s adaptability in various industries.

3) By Distribution Channel

• Manufacturer to Distributor, Manufacturer to End-User:
  • Varied distribution channels reflecting the industry’s dynamics.

4) By End-User

• Paints, Coatings, and Adhesives, Electronics, Cosmetics and Personal Care, Pharmaceutical, Other End-user:
  • A broad spectrum of end-users highlighting the widespread adoption of acetone across industries.

Regional Dynamics: Asia-Pacific Takes the Lead

• 2022 Landscape: Asia-Pacific emerged as the largest region in the acetone market in 2022.
• Growth Projections: Anticipated to be the fastest-growing region in the forecast period, showcasing the region’s pivotal role in acetone market dynamics.

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Read The Full Acetone Market Report Here:
https://www.thebusinessresearchcompany.com/report/acetone-global-market-report

The Acetone Global Market Report 2023  provides an overview of the acetone market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The acetone market forecast analyzes acetone market size, acetone market share, leading competitor and their market positions.

The Table Of Content For The Acetone Market Include:
1. Acetone Market Executive Summary
2. Acetone Market Segments
3. Acetone Market Size And Acetone Market Growth Rate
4. Key Acetone Market Trends
5. Major Acetone Market Drivers
……
25. Key Mergers And Acquisitions In The Acetone Market
26. Top Acetone Companies
27. Acetone Market Opportunities And Strategies
28. Acetone Market, Conclusions And Recommendations
29. Appendix

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