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Acetone is a colourless volatile liquid which is highly flammable and has pungent odour. It is considered as an essential organic solvent used in industries, home, and laboratories. It has a density of about 784 kg/m³. It is miscible with water.

Acetone has molar mass of about 58.08 g/mol and chemical formula of Acetone is (CH3)2CO. It is also termed as dimethyl ketone or propanone. It is employed broadly in the manufacturing of methyl methacrylate and bisphenol A.

The major leading region in the market of acetone is Asia Pacific. Whereas the other regions that are involved in the development of the market are North America and Canada.

Key Details About the Acetone Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Acetone price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Acetone price chart, pricing database, and analysis can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Acetone Price Trend:

Industrial uses impacting Acetone price trend primarily include ion exchange agents, photosensitive chemicals, solvents, viscosity adjustor, paints and coating additives, and laboratory chemicals. Moreover, it is also utilised in industries like personal care, cleansing and pharmaceuticals. In the industry of cosmetics, the most common and widely used solvent of acetone is nail polish remover.

Key Market Players:

• Formosa Chemicals and Fibre Corporation (FCFC)
• Royal Dutch Shell plc
• INEOS Phenol GmbH
• Mitsui Chemicals Inc.
• Cepsa Química, S.A.

News and Events:

• August 04, 2022 - A sustainable product launched newly which included renewable and recycled raw materials, linear alkylbenzene which is a solvent of acetone. It was supplied to unilever by Cepsa Quimica. The LAB contains green carbon attained by biomass in place of the fossil fuels which is employed for laundry and cleaning products.
• July 21, 2022 - About 1400t phenol and 1200t of acetone was exported to the Chinese factories and Thai on July 21, 2022 by LG Chem. To produce polycarbonate, the supply was shipped from its Daesan Plant. And hence, the supply was further sent to a producer of Germany which was not disclosed by the plant of LG chem.

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About Us:

Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.

We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.

To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.

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