As the demand is continuously rising for sustainable, environment friendly and non-toxic materials from consumers, there is expected to be a surge in the demand for Acetone due to its eco-friendly and less toxic properties. Being one of the major commodities used in organic chemicals, the supply of Acetone is limited, whereas the global market value of Acetone is always at peak due to the heavy demand for terminal disinfectants, cleaners for paints, adhesives, coatings, hygiene products and cosmetics.
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The demand for Acetone from various sectors including paint, coatings, pharmaceuticals, automotive, textiles and others is likely to propel the growth of the Acetone market worldwide. Global Acetone market has shown significant growth in the historic period and is projected to achieve a healthy CAGR of 5.65% during the forecast period. Acetone find its applications in pharmaceuticals, cosmetics, paints, adhesives and coatings. It is widely used as a solvent for the production of polycarbonate plastics and artificial fibres. The largest market share is held by the chain of solvents and due to its continuous growing expanse across the globe, it is likely to surge the Global Acetone market in the upcoming years. Acetone plays a huge part as a key feedstock chemical used in many industries, especially in construction. Due to low acute and chronic toxicity levels, Acetone has shown low potential for causing adverse health effects. According to the US Food and Drug Administration, Acetone is rated as GRAS (Generally Recognized as Safe) and is considered safe as an additive in food coatings and adhesives. The cosmetic and healthcare industry is expected to bolster the Acetone market worldwide. In pharmaceutical sector, which is the largest consumer of Acetone, uprise in the demand for drugs, medicines, sanitizers and other hygiene products will boost the production of Acetone globally. Many end use industries enunciated to expand the production of Acetone on a large scale as the supply of Acetone is scarce and the cost is usually high which will benefit the global Acetone market economically. APAC region occurs to be the biggest consumer of Acetone followed by Europe and North America. Paints, coatings and adhesives are largely manufactured in China. Due to increased construction and infrastructure activities in China, there is expected to be a rise in the demand for Acetone in the country followed by Thailand. Manufacturing units in India are likely to push the Acetone industry due to its numerous applications in the pharmaceutical sector. In the US, the demand for Acetone is driven by its increased usage in automotive and coatings sector.
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Some commercially oxidized intermediates of Acetone are:
- Bisphenol A (BPA)
BPA is a colourless chemical compound that is extensively used in the production of polycarbonates, food containers, epoxy resins, sanitizing and other hygienic products. It is widely added in many commercial products and used in the hardening of plastic. BPA is usually synthesized by the condensation reaction between Phenol and Acetone. Epoxy resins that are produced by BPA are helpful in lining water pipes and food coatings. Whereas polycarbonates made from BPA find application in plastic industry. BPA demonstrates low toxicity levels |