Acetone Market anticipated to witness significant growth by 2025 Acetone Market

Acetone Market anticipated to witness healthy CAGR over 2019-
2025: Global Market Insights, Inc.
According to a new research report by the market research and strategy consulting
firm, Global Market Insights, Inc, Acetone Market size is likely to witness significant
gains from 2019 to 2025 owing to growing plastics demand across the globe. This
organic compound is majorly utilized for methyl methacrylate production which is used
as an intermediate for PVC and PMMA plastics manufacturing.
Acetone is an organic compound which commonly produced through cumene
hydroperoxide process as a by-product of phenol on reaction with benzene and
propylene. This compound majorly used as an essential feedstock for methyl
methacrylate, Bisphenol A(BPA) and solvents manufacturing. Acetone is majorly used
in industries including cosmetics & personal care, electronics, construction,
automotive, pharmaceutical, agriculture chemicals and paints, coatings & adhesives
which should accelerate industry growth.
Acetone market size from Bisphenol A (BPA) application may experience appreciable
growth in the projected time frame. BPA is predominantly utilised for epoxy and
polycarbonate production owing to its stability and heat resistant attributes which
should promote product demand. Rising polycarbonate demand for applications
including optical media, electrical & electronics and automotive owing to superior
thermal and strength characteristics should stimulate industry growth.
Acetone market size from solvents application may witness a steady demand over
forecast period owing to superior miscibility and solvency properties. Growing product
utilisation as active ingredient in cleaning products, nail polish removers, paint thinners
and degreasers should accelerate industry growth.
Acetone market size from automotive industry may experience appreciable growth in
the projected time frame. Rising polycarbonate for automotive lighting applications
including light housing, headlamp lenses, bezels owing to superior transparency and
temperature resistance properties should promote product demand. Increasing
lightweight automobiles demand owing to enhance performance and lower emissions
should accelerate polycarbonate demand due to lightweight properties, thus driving
market growth.
Global pharma market may surpass USD 1.5 trillion by 2023 owing to rising healthcare
affordability along with product innovations. Acetone is predominantly utilised for
pharma production as a solvent to produce denatured alcohol which should stimulate
industry growth.
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