Acetone Market Is Expected To Reach $ 10.23 Billion By 2030
San Francisco, 30 May 2024: The Report Acetone Market Size, Share & Trends Analysis Report By Application (Solvents, Bisphenol A, Methyl Methacrylate), By Grade (Technical, Specialty, Specialty Grade), By Region, And Segment Forecasts, 2023 - 2030 The global acetone market size is expected to reach USD 10.23 billion by 2030, expanding at a CAGR of 7.6% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth is majorly driven by the rising consumption of the product as a cleaning agent and as a solvent in the production of plastics, textiles, cosmetics, and other personal care products. Acetone, which also goes by the names dimethyl ketone and propanone, is a highly flammable, colorless liquid with the chemical formula (CH3)2CO. It is the smallest and most basic ketone and is frequently used in homes, businesses, and laboratories for cleaning. It is frequently used as a byproduct for the production of phenol. The Wacker process, dry distillation, an