ACETONE MARKET ANALYSIS

Market Challenges And Opportunities

• A major driver for growth of the global acetone market is rising demand for acetone for methyl methacrylate production. Methyl methacrylate is used to produce polymethyl methacrylate resin, which has a wide application spectrum such as automotive and transportation, architecture and construction, electronics, and energy. Methyl methacrylate is also used in the impregnation of concrete to make it water-repellent. Also, it is used in medicine and dentistry sector to make prosthetic devices and as a ceramic filler or cement.
• However, the emerging trend of using green solvents is a major factor restraining the growth of the global acetone market. Increasing use of water-based solvents in paints and coatings and development in bio-based solvents such as renewable acetone may hamper growth of the global acetone market.