Acetone derivatives also known as ketones which are an important class of industrial chemicals widely used as solvents and as chemical intermediates. They are known for versatile organic solvents ,and being strong , therefore, are essential components of many consumer and commercial products. Global Acetone Derivatives market was valued, in 2017 USD XX million and in 2024 is expected to reach at USD XX million with growing CAGR of XX%.
The global Acetone Derivatives market is growing due to increasing population and urbanization is leading to the growth of the construction industry. Acetone derivatives find a key role in the pharmaceutical, cosmetic, and personal care industries. The growing consumption of these products is boosting the acetone derivatives market. A rise in the production in the automotive and aerospace industry is increasing the demand for protective coatings, owing to which, there has been an increase in the acetone derivatives market. Technological developments in high performance engines demand high performance lubricants and fuel in order to perform in an efficient manner, owing to which, there has been an increase in the demand for acetone derivatives from the fuel and lubricant industry.
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Acetone Derivatives market consist of various players, few key players of the market are Celanese Corporation, BASF SE, Exxon Mobil, INEOS, Sasol Solvents, Dow Chemical Company, Arkema Group, Eastman Chemical Company, Shell Chemicals, Solvay Chemicals, Shell Corporation among others.
The acetone derivatives market is classified into product type, application, end use industry and region. Based on the product type the acetone derivatives market is bifurcated into mesityl oxide, methyl isobutyl ketone, isophorone, isobutyl heptyl ketone, methyl isobutyl carbinol, diisobutyl ketone and diacetone alcohol. Moreover, on the basis of application the acetone derivatives market is classified into additives, degreasers, coupling agents, cleaning agents and others.
Further, on the basis of region the market is segmented into North America, Europe, APAC, Latin America and Middle East & Africa.
Market segmented based on medium of product type:
• Methyl Isobutyl Ketone
• Methyl Isobutyl Carbinol
• Isobutyl Heptyl Ketone
• Diisobutyl Ketone
• Mesityl Oxide
• Diacetone alcohol
Market segmented based on medium of end use industry:
• Paints & Coatings
• Cosmetic & Personal Care
• Building & Construction
Market segmented based on medium of application:
• Coupling Agents
• Cleaning Agents
Market segmented based on region:
• North America
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Rest of Latin America
• Middle East and Africa (MEA)
• South Africa
• Saudi Arabia
• Rest of MEA
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