Acetone Market - Size, Share, Outlook, and Opportunity Analysis, 2018 - 2025
Acetone is a clear, colorless, volatile and flammable organic liquid with a characteristic odor described as pungent or fruity. It is the simplest and smallest ketone also called as 2-propanone or dimethyl ketone. It is primarily used as an industrial solvent and chemical intermediate. Acetone is miscible with water and serves as an important solvent, which is majorly used for cleaning purposes in laboratories. Acetone is also found in paints, varnishes, and lacquers and is used as a solvent for cement in the leather and rubber industries. Acetone is often the primary component in cleaning agents such as nail polish remover. Acetone is a component of superglue remover and easily removes residues from glass and porcelain. Make-up artists use acetone to remove skin adhesive from the netting of wigs and mustaches by immersing the item in an acetone bath, then removing the softened glue residue with a stiff brush. Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/1975 Acetone is produced directly or indirectly from propene. More than 90% of the world’s acetone production occurs simultaneously with phenol, hence following the same trend as phenol. In addition to being manufactured, acetone also occurs naturally, even being biosynthesized in small amounts in the human body. Acetone is used as a polar aprotic solvent in a variety of organic reactions, such as SN2 reactions. An important use for acetone is in the production of methyl methacrylate and bisphenol A. Bisphenol A is used for the production of polycarbonate and epoxy resins. Polycarbonate resins are widely used in automotive industry for advanced lighting applications, such as headlamp bezels, headlamp lenses, and light guides. Market​ ​Dynamics A major driver for growth of the global acetone market is rising demand for acetone for methyl methacrylate production. Methyl methacrylate is used to produce polymethyl methacrylate resin, which has a wide application spectrum such as automotive and transportation, architecture and construction, electronics, and energy. Methyl methacrylate is also used in the impregnation of concrete to make it water-repellent. Also, it is used in medicine and dentistry sector to make prosthetic devices and as a ceramic filler or cement.