28-Dec-2020 | Facts and Factors
Findings from Facts and Factors report “Acetophenone Market By Application (Perfumes & Fragrances, Pharmaceuticals, Food & Beverages, Resins, Others): and By Region Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026”. states that the global Acetophenone Market in 2019 was approximately USD 200.4 million. The market is expected to grow at a CAGR of 10.3% and is anticipated to reach around USD 398.55 million by 2026.
The Global Acetophenone Market Is Powered By Economic Development, Technological Advancement, Increasing Population of Youth, Rising Investment in Research and Development in Medical Science. Acetophenone is the organic compound, this compound is the simplest form of the aromatic ketone. It is used as an ingredient in perfumes, aromatic oil, and other substances. It is also used as an active chemical intermediate in manufacturing pharmaceuticals, resins, flavoring agents, soaps, etc. It is used as a drug to induce sleep in patients.
Pure acetophenone is a colorless liquid, with a melting point of 20.2 °C (68.4 °F) and a boiling point of 202.4 °C (396.3 °F). It is only slightly soluble in water but is freely soluble in ethanol (ethyl alcohol), diethyl ether, and chloroform. Acetophenone is produced by the process of oxidation of ethylbenzene in presence of catalyst cobalt. Catalyst is the substance that accelerates the rate of reaction but it does not participate in the reaction. This process of production has high productivity and high selectivity for acetophenone. Acetephenone is also found in cheese, apricot, beef, apple, banana, and cauliflower.
Browse the full “Acetophenone Market By Application (Perfumes & Fragrances, Pharmaceuticals, Food & Beverages, Resins, Others): and By Region Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/acetophenone-market
The market for acetophenone is tremendous due to its variety of uses. One of the major use of acetophenone is as a precursor to resins. The most commonly used resin is epoxy resin. It is used as adhesives. It is one of the strongest materials, stronger than concrete. Acetal resin is another synthetic resin. When compared to other similar resins, one can see the simple chain structure. This resin is used to make parts that have high stiffness, low friction, and amazing dimensional stability. Commercially significant resins are produced from the treatment of acetophenone with formaldehyde and a base.
These substances are active compounds in industrial coatings and inks. One of the niche use of acetophenone is as an ingredient in fragrances in perfume, oils, edible flavors, and chewing gum. The fragrance of acetophenone is similar to almond, cherry, jasmine, and strawberry. It is also used as a laboratory reagent. Acetophenone is also used in the preparation of pharmaceutical drugs for e.g tasmar, a drug prepared for the treatment of Parkinsons' disease is prepared from acetophenone.
The demand for Acetophenones is expected to be driven by the rising demand from youth for fragrance and cosmetic material. According to UN Reports “In 2019, there are about 1.2 billion youth aged 15 to 24 years in the world, or 16 percent of the global population. Around 2065, the world’s youth population is projected to reach its peak, at just under 1.4 billion persons (13%).. In 2019, Central and Southern Asia was home to the largest number of youth (361 million), followed by Eastern and South-Eastern Asia (307 million) and sub-Saharan Africa (211 million)”. Thus, this rising population with an aspirational lifestyle is expected to increase the demand for cosmetic products which will drive the demand for acetophenone. It is also expected that demand for acetophenone is likely to increase due to demand from the pharmaceutical industry especially in the manufacturing of anticonvulsants. Anticonvulsants are increasingly in demand due to their usage in bipolar disorders. Rising Cases of depression have also increased demands for antidepressants. Anticonvulsants act as stabilizers of mood and help in the treatment of neuropathic pain.
In terms of region, the global acetophenone market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific market is anticipated to be the largest market in the forecast period due to the demand for cosmetics, fragrances, and food & beverages. Furthermore, North America and Europe market is expected to grow significantly owing to the demand from the pharmaceutical industry.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 200.4 Million |
Projected Market Size in 2026 |
USD 398.55 Million |
CAGR Growth Rate |
10.3% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
Alfa Aesar, Rhodia, INEOS Phenol, CellMark USA LLC, Tanfac, A.B. Enterprises, and Triveni Interchem, and Others |
Key Segment |
By Application, and By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the leading and top companies in the Acetophenone market include
Alfa Aesar, Rhodia, INEOS Phenol, CellMark USA LLC, Tanfac, A.B. Enterprises, and Triveni Interchem among others.
The taxonomy of the Acetophenone Market by its scope and segmentation is as follows:
By Application Analysis
- Perfumes & Fragrances
- Pharmaceuticals
- Food & Beverages
- Resins
- Others
By Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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