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| Report Features | Details |
| Product Name | Acetone |
| Region/Countries Covered |
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| Currency | US$ (Data can also be provided in local currency) |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Request for Real Time Acetone Prices: https://www.procurementresource.com/resource-center/acetone-price-trends/pricerequest
Acetone is a transparent and colourless liquid solvent, it is also referred to as propane. The chemical formula of acetone is C3H6O, and its molecular weight is 58.08 g/mol. It can dissolve a few materials like grease, paints, and varnish. It is flammable and gets quickly evaporated when exposed to the air. It is also miscible in water.
Acetone is produced either directly or indirectly using propylene. More than 90 percent of the synthesis of acetone is carried out by cumene. Acetone and phenol are both produced simultaneously. The principal manufacturing process involves the reaction of propylene and benzene with a catalyst made of zeolite or phosphoric acid.
In the liquid phase, cumene is oxidised to cumene hydroperoxide. In the presence of sulfuric acid, it is then converted into phenol and acetone, about 0.62 tonnes of acetone are produced for every tonne of phenol.
The leading acetone-producing countries are Chinese Taipei, Thailand, South Korea, Saudi Arabia, and Spain.
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, carbon black price and nitrogen price etc. 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 trend, pricing database, and analysis can prove valuable for 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:
Acetone is a crucial natural diluent that is used in many industries, homes, and testing facilities. Manufacturing of industrial products and plastics both use it. Acetone finds its application in household items, personal care, and cosmetics.
It is employed in the creation of both nail paint and remover. Businesses also use acetone to clean wool of grease, remove silk's stickiness, and coat furniture and cars with protective finishes. It is also utilised in the production of medicines, chemicals, and other products. The price trend of acetone is being impacted by all these industrial uses.
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:
• September 05, 2022: South Korean company LG Chem began exporting its primary bio-balanced acetone and phenol. Utilising reusable bio-feedstock, such as cooking oil or biomass, it has received accreditation from the international organisation for the certification of sustainable, environmentally friendly materials, International Sustainability and Carbon Certification PLUS.
Related Reports:
- Acetic Acid Price Trend - https://www.procurementresource.com/resource-center/acetic-acid-price-trends
- Octene Price Trend - https://www.procurementresource.com/resource-center/octene-price-trends
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 experienced analysts who perform comprehensive research to deliver our clients the newest and most 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 tracks 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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