May 21, 2020   SOURCE: BusinessWire

Global Acetone Market: Trends, Analysis and Outlook by Application, End-user Industry and Geography (2020-2028) - ResearchAndMarkets.com

The "Global Acetone Market Size Forecast to 2028- Trends, Analysis and Outlook by Application, End User Industry, and Geography" report has been added to ResearchAndMarkets.com's offering.

Key Insights from the Global Acetone Market

  • The Global Acetone market is valued at $4.2 billion in 2020.
  • Bisphenol A (BPA) application dominates the market.
  • Industrial sector is the largest application segment.
  • Asia Pacific is the largest user of Acetone.

The $4.2 billion Acetone industry presents strong investment and growth opportunities over the near to long term outlook period. The 2020 edition of the market report presents a comprehensive analysis of the global Acetone market from 2020 to 2028. The market research report presents detailed Acetone market analysis, and forecasts to 2028. Detailed insights into global and regional Acetone market statistics, Acetone companies and growth prospects across verticals are included.

Acetone Market Overview and Developments in 2020

The report presents a snapshot of recent market trends in the Acetone industry. Further, potential market drivers, major challenges, opportunities, major developments, competitive strategies, Porter's five forces analysis, and other analysis are included in the research.

Impact of COVID-19 on Global Acetone Market Revenue

The worldwide crisis of COVID-19 is leading to calls for action from a wide range of stakeholders including manufacturers, vendors, distributors, and consumers. Decline in business for at least three months during 2020 coupled with lower demand from a few major markets has put pressure on the profitability of Acetone manufacturers and vendors. However, we expect the negative impact of COVID-19 on Acetone to be compensated over the medium to long term future.

Acetone Market Size and Outlook by Application to 2028

A long-term perspective indicates that Bisphenol A (BPA) dominates the Acetone market. The industry is classified into different applications including Bisphenol-A (BPA) production, Methyl methacrylate (MMA) production, and Solvent production.

Acetone Market Share and Outlook by End-user Industry to 2028

The research suggests that there is a strong case for the development of new applications of Acetone worldwide. Different application segments analyzed in the report are Industrial, Pharmaceutical, Cosmetic and Others. The study identifies that industrial application has the most substantial value-creation potential.

Global Acetone Company Profiles

The report presents business profiles of major companies operating in the industry including BASF SE, Compaa Espaola de Petrleos, S.A.U. (CEPSA), The Dow Chemical company, INEOS, Royal Dutch Shell Plc.

The business overview, SWOT profile and product information are provided for all the companies.

The report identifies that the development of new applications and product portfolio is one of the key strategies to overcome identified challenges and for supporting continued growth. Manufacturing companies can also benefit from rising domestic demand in chemical end-use sectors. The majority of the companies are realigning their strategies to orient their business operations to changing market volatility, regulatory policy changes, geopolitical issues, changing end-user preferences, and others.

Scope of the Research

  • Global and regional Acetone Market Size estimates in revenue terms from 2019 to 2028.
  • Segmentation analysis across types, applications, and geographies.
  • Strategic analysis through trends, drivers, challenges, opportunities, Porter's five forces analysis.
  • Market Developments including M&A, new product development, and competitive analysis.
  • Potential strategies of leading companies.

For more information about this report visit https://www.researchandmarkets.com/r/djwgl6