Acetophenone MarketSize and Trends

Market Dynamics

Acetophenone is soluble in alcohol, glycerol, fatty oils, ether, and chloroform. As per the Hazardous Substances Data Bank (HSDB), acetophenone is highly soluble in water and it is biodegradable. These properties result in increasing demand for acetophenone in perfumery items such as lotions, soaps, other body care products, and fragrances. Due to increasing disposable income, the demand for personal care products is expected to increase during the forecast period. For instance, in 2016, the cosmetics and personal care industry contributed around US$ 32 billion to the European economy. Thus, the global acetophenone market is expected to grow during the forecast period.

Market Outlook

In 2015, the U.S. generated a sales of around US$ 14.5 billion from beauty and personal care products. Therefore, North America region is expected to account for the largest market share in the global acetophenone market during the forecast period, followed by Asia Pacific and Europe.
Asia Pacific has emerging economies such as China and India that have high disposable income and are increasingly investing in luxury items, flavored food and beverages, and personal care products. This is expected to aid in growth of the global acetophenone market during the forecast period.
Europe is expected to witness high growth rate in terms of value in the global acetophenone market over the forecast period. This is owing to the high presence of luxury perfume brands such as Chanel and Prada in this region.

Market Trends

Rising demand for acetophenone in perfumery and body care products due to its unique odor similar to sweet orange or jasmine.
Increasing disposable income is driving the demand for personal care products, influencing the acetophenone market growth.