Acetone Market Share 2021 Executive Summary, Segmentation Forecast to 2030
Market Drivers and Restraints: The widespread application of acetone in various industries which include paints and coatings, pharmaceuticals, personal care, plastics and construction among others is acting as one of the major drivers for the expansion of the global acetone market. Acetone, being miscible with water, is used as a solvent for cleaning purposes in laboratories. The disinfecting property of acetone makes it an important sterilization solution for disinfecting the surgical tools and other instruments in hospitals and clinics. Acetone is also utilized as an excipient in some pharmaceutical drugs and vital solution for chemical peeling. These applications of acetone in the pharmaceutical industry are significantly fueling the growth of the global acetone market. The increasing use of acetone as an active ingredient in nail polish remover and thinning agent in paints is generating high demand for acetone in the global market. The rapid infrastructural development is ind...