Acetone Market is rapidly gaining robust traction with higher demand in solvent applications and increasing use in personal care products

 

Acetone Market

Acetone is generally a clear liquid and used in lab tests for accuracy and reliability. The majority of acetone products are manufactured for use in chemistry laboratories as it is an important solvent for conducting numerous experiments. This is also the reason why you find many chemistries set up around laboratories that use this as an important solvent. Acetone is typically used in personal care and household products. Acetone is added to skincare products as it dries off the skin in 2-3 seconds and acts as a barrier masque. Besides, it creates skin healthcare breathing pores so that skin can get the vital oxygen it requires. Recently, in March 2021, Nykaa launched a new cult skincare brand Mario Badescu in India for reliable and quality skincare. Thus, such factors can potentially stimulate growth of the acetone market.

Considering the regional footprint, Asia Pacific is likely to gain significant traction in the acetone market in the near future. This is owing to the presence of affordable infrastructure and inexpensive labor costs. Besides, rapid industrialization coupled with rising purchasing power can potentially aid the regional acetone market growth. On the contrary, North America is exhibiting lucrative signs due to high demand for solvent applications.   

Acetone is an important chemical for flammability. Flammability refers to the ability of a substance to withstand high temperatures. So, acetone has the ability to withstand high temperatures especially when the temperature falls below its freezing point. However, there are certain aspects of this market that arrest the subsequent development of the market. For instance, there are stringent regulations imposed on acetone by European Commission. Besides, there is high production of methyl methacrylate from non-acetone raw materials could potentially impede growth of the acetone market.

Acetone is an important chemical for flammability. Flammability refers to the ability of a substance to withstand high temperatures. So, acetone has the ability to withstand high temperatures especially when the temperature falls below its freezing point. Surprisingly, acetone is also widely used in the production of Bisphenol A (BPA), which is typically manufactured from phenol and acetone. Growing demand for polycarbonate products including 3D printed models, clear tubes for sports equipment, and machinery guards has further increased the adoption of acetone. Hence, such factors can augment growth of the acetone market in the near future.


Location: India

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