Acetophenone Market, by End-use Industry (Perfumes and Fragrances, Resins, Pharmaceuticals, and Flavoring Agents) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026

  • To Be Published : Dec 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Acetophenone (C6H5COCH3) is one of the simplest compounds, which is in the form of a slightly oily liquid. This liquid forms crystals at low temperature. Acetophenone has an odor similar to sweet orange or jasmine with a bitter taste. It is naturally present in many plants and foods such as apple, apricot, banana, cauliflower, cheese, and cocoa.

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.

However, some of the major challenges that will negatively affect the global acetophenone market growth are the harmful health hazards associated with this chemical compound, which include direct contact with acetophenone that might cause illness such as severe eye and skin irritation, effects on the central nervous system, and high level exposure that might cause unconsciousness. These challenges might hamper growth of the global acetophenone market 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.

Key Players

  • Key players operating in the global acetophenone market include Eni, INEOS, Mitsui Chemicals, Solvay, Novapex, SI Group, RUTGERS Group, Haicheng Liqi Carbon, and Zhongliang

Market Taxonomy

On the basis of end-use industry, the global acetophenone market is segmented into:

  • Perfumes and Fragrances
  • Resins
  • Pharmaceuticals
  • Flavoring agents

On the basis of region, the global acetophenone market is segmented into:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Russia
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Middle East
    • GCC
    • Israel
    • Rest of Middle East
  • Africa
    • Northern Africa
    • Central Africa
    • South Africa

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