Acetophenone Market Size Predicted to Reach USD 398.55 Million by 2026
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.
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.
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The global Acetophenone market is experiencing significant growth that is expected to continue over the upcoming years. A massive rise in the demand for Media and Entertainment, Construction is likely to act as a key driver of the global Acetophenone market.
The Acetophenone market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Acetophenone market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.
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Top Market Players
Some of the leading and top companies in the Acetophenone market contain Alfa Aesar, Rhodia, INEOS Phenol, CellMark USA LLC, Tanfac, A.B. Enterprises, and Triveni Interchem among others.