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.