Global Acetone Market Size Was Valued At Usd 4.1 Billion In 2019

The global acetone market size was valued at USD 4.1 billion in 2019 and is anticipated to grow at a CAGR of 5.2% during the forecast period. Acetone also called as dimethyl ketone or propanone which is volatile in nature, colorless, and flammable organic solvent. It is a natural and organic solvent and occurs naturally in forest fires, trees, plants, and vehicle exhaust. On the basis of end user industries it is widely used in various end user industries such as plastic, chemical, pharmaceutical, cosmetics & personal care, paint & coatings and others industries. The acetone is commonly produced through hydroperoxide process as a by-product of phenol on reaction with benzene and propylene.

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