Acetophenone
is an organic compound with C6H5C(O)CH3 formula. Acetophenone is the simplest
form of sweet-smelling ketone. It is obtained by different methods such as
reaction of ethyl benzene with oxygen and others. It is identified in vehicle
exhaust and combustion of fuel & coal. It is a thick colorless liquid at
temperatures higher than room temperature & a solid at lower temperatures.
It naturally occurs in cauliflower, apple, apricot, banana, cheese, and
beef. It is highly soluble in water. It
is also soluble in glycerol, ether, alcohol, fatty oils and chloroform. It is
used as an intermediate for plastic, pharmaceutical, and resin production. It
is a fragrance & flavor additive in tobacco, nonalcoholic beverages, and
some foods. Some of the essential properties include colorless, optimum
viscosity, and pungent fragrance etc.
According
to study, “World
Acetophenone Market Research Report 2024(Covering USA, Europe, China, Japan,
SEA and India)” the key
companies operating in the world acetophenone market are Eni, Solvay, INEOS
Phenol, A.B. Enterprises, Alpha Aesar, Novapex, Haicheng Liqi Carbon Co., Ltd.,
RUTGERS Group, SI Group, CellMark USA LLC, Zhongliang, Mitsui Chemicals, Shenze
Xinze Chemical, Triveni Interchem, Jiangsu Yalong Chemical, Tanfac, Xing Li
Gong Mao, Rhodia, Yingyang, Haiwang Fine Chemical, Liaoning Yingfa. The key
companies are competing among themselves by offering better products and
acceptable services to the clients and expand significantly at the global
level.
Based
on product type, acetophenone market is segmented into oxidation of cumene and
oxidation of ethylbenzene. Additionally, based on appliation market is
segmented into laboratory reagent, fragrance, chewing gums, resins and
pharmaceutical. Fragrance production widely include extraction from jasmine,
strawberry, cherry, almond, and honey to resemble the respective aroma which is
used in creams, soaps, lotions, and detergents to enhance scents. Resins are
broadly used in adhesives, inks, and coatings. In addition, pharmaceutical
applications include pyrrobutamine, dextropropoxyphene, trihexyphenidyl,
pridinol, cycrimine, biperiden, procyclidine, benmoxin, mesuximide, and acifra.
The
acetophenone market is driven by increase in product consumption in organic
synthesis & polymerization of olefins, followed by huge investment in
research & development (R&D), growth in demand for textile coating
& flavoring agents, rise in technological advancement in production
process, increase in catalyst uses in polymerization process, rapid
industrialization along with increase in manufacturing facilities &
capacity expansions, rise in disposable income and increase in urbanization.
However, transient eye injury and increase in side effects for instance skin
irritation may impact the market.
Based
on geography, India and China holds major share in acetophenone market owing to
increase in demand for high end & luxury products because of surge in
disposable income and living standard. Europe and USA are expected to witness
higher growth due to increase in presence of key fragrance & perfume
manufacturers, increase in consumption in cigarettes & tobacco or chewing
gums and expansion in the cosmetic industry over the forecast period. The
market size is predictable to register a notable growth in the forecast period
on account of rise in consumption in perfume & fragrance production.
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