Acetone Market Size And Forecast
According to Verified Market Research, Global Acetone Market was valued at USD 3.8 Billion in 2018 and is projected to reach USD 5.7 Billion by 2026, growing at a CAGR of 5.18% from 2019 to 2026.
Global Acetone Market Outlook
With the increasing use of acetone in the textile industry for degreasing wool and degumming silk, and in the formation of lacquers the global acetone market is boosted. Moreover, an increasing end-use application of acetone as nail polish removers, in cleansing products, fragrance products, hair care products, and skin care products is also expected to propel the growth of the acetone market. Besides, acetone possesses a very good solvent property, it can easily mix with water to be used in printing inks, paints, adhesives coatings and others which are some other factors augmenting the market growth. However, the health issues pertaining to acetone such as liver damage, vomiting, and blindness caused by exposure and inflammability of acetone are key factors impeding the growth of the global acetone market.
Global Acetone Market Competitive Landscape
The Global Acetone Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Royal Dutch Shell Co, The Dow Chemical Company, INEOS Phenol GmbH, Mitsui Chemicals Inc., LyondellBasell Industries, SABIC, Honeywell Chemicals, Kumho P&B Chemicals, Cepsa Quimica, S.A., and ALTIVIA.
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