Rising demand for Acetone for methyl methacrylate synthesis is a primary driver of growth in the global acetone market. Polymethyl methacrylate resin is made from methyl methacrylate and has a wide range of applications including automotive and transportation, architecture and construction, electronics, and energy. Methyl methacrylate is also used to impregnate concrete in order to make it water-resistant. It is also utilised in medicine and dentistry to produce prosthetic devices as well as as a ceramic filler or cement. However, the rising trend of choosing green solvents is a key issue impeding the worldwide acetone market's growth. The growing usage of water-based solvents in paints and coatings, as well as advancements in bio-based solvents such as renewable acetone, may stymie the global acetone market's growth. As part of a strategic plan, manufacturers are increasing production capacity and launching new factories.
Key Companies in the Acetone Industry:
1. INEOS Phenol
INEOS is a global manufacturer of petrochemicals, speciality chemicals, and oil products. INEOS is a global manufacturer of petrochemicals, specialty chemicals, and oil products. Comprising 36 individual businesses. Founded in 1980, headquartered in Switzerland.
2. Royal Dutch Shell PLC
Shell plc operates as an energy and petrochemical company Europe, Asia, Oceania, Africa, the United States, and Rest of the Americas. The company operates through Integrated Gas, Upstream, Marketing, Chemicals and Products, and Renewables and Energy Solutions segments. Shell plc was founded in 1907 and is headquartered in London, the United Kingdom.
3. The Dow Chemical Company
Dow Inc., through its subsidiaries, engages in the provision of various materials science solutions for packaging, infrastructure, mobility, and consumer applications in the United States, Canada, Europe, the Middle East, Africa, India, the Asia Pacific, and Latin America. It operates through Packaging & Specialty Plastics, Industrial Intermediates & Infrastructure, and Performance Materials & Coatings segments. Business. Dow Inc. was incorporated in 2018 and is headquartered in Midland, Michigan.
4. Mitsui Chemicals, Inc.
Mitsui Chemicals, Inc. engages in the mobility, health care, food and packaging, basic materials, and other businesses. The company sells its products in Japan, China, Asia, the Americas, Europe, and internationally. Mitsui Chemicals, Inc. was founded in 1892 and is headquartered in Tokyo, Japan.
5. Sasol
Sasol Limited, together with its subsidiaries, operates as an integrated chemical and energy company in South Africa. The company operates through six segments: Mining, Gas, Fuels, Chemicals Africa, Chemicals America, and Chemicals Eurasia. Sasol Limited was founded in 1950 and is headquartered in Johannesburg, South Africa.
6. Hindustan Organic Chemicals Limited
Hindustan Organic Chemicals Ltd or HOCL is an India-based company engaged in the manufacturing and sale of chemicals. Its main products include Phenol, Acetone, Oleum, Nitrobenzene, Concentrated Nitric Acid, Aniline, Nitrotoluenes, Chlorobenzenes, Nitrochlorobenzenes, Dinitrogen Tetroxide and Hydrogen Peroxide. Founded in 1960, headquartered in Raigad, Maharashtra.
7. Domo Chemicals
Domo Chemicals is a leading supplier of intermediate and finished products. Founded in 1991, headquartered in Germany.
8. Honeywell International, Inc.
Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. The company was founded in 1885 and is headquartered in Charlotte, North Carolina.
9. Formosa Chemicals and Fiber Corporation
Formosa Chemicals & Fibre Corporation is a Taiwanese company that specializes in manufacturing and selling chemical products. Formosa Chemicals & Fibre Corporation was founded in 1965. Headquartered in Taiwan.
10. CEPSA Quimica
Cepsa is an integrated company operating across the entire oil and gas value chain. It is engaged in petroleum and natural gas exploration and production activities, refining, the transport and sale of crude oil derivatives; petrochemicals, gas and electricity. Founded in 1929, headquartered in Spain.
11. EMCO Limited
Manufacturer of industrial plastics and fabricated plastic components intended for food and beverage and chemical processing industries. The company manufactures advanced CNC machining, plastic welding, solvent, adhesive bonding and ancillary processes including drilling, tapping and engraving as well as offers complete assembly services. Founded in 1983, headquartered in U.S.
*Definition- Acetone is a colourless, transparent organic liquid that is volatile and combustible and has a strong or fruity odour. It is the most basic and smallest ketone. It is also known as 2-propanone or dimethyl ketone.
