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Acetophenone Market

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Acetophenone Market - Size, Share, Outlook, and
Opportunity Analysis, 2018 – 2026
Acetophenone (C6H5COCH3) is one of the simplest compounds, which is in the form of a
slightly oily liquid. This liquid forms crystals at low temperature. Acetophenone has an odor
similar to sweet orange or jasmine with a bitter taste. It is naturally present in many plants
and foods such as apple, apricot, banana, cauliflower, cheese, and cocoa.
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Market Dynamics
Acetophenone is soluble in alcohol, glycerol, fatty oils, ether, and chloroform. As per the
Hazardous Substances Data Bank (HSDB), acetophenone is highly soluble in water and it is
biodegradable. These properties result in increasing demand for acetophenone in perfumery
items such as lotions, soaps, other body care products, and fragrances. Due to increasing
disposable income, the demand for personal care products is expected to increase during the
forecast period. For instance, in 2016, the cosmetics and personal care industry contributed
around US$ 32 billion to the European economy. Thus, the global acetophenone market is
expected to grow during the forecast period.
However, some of the major challenges that will negatively affect the global acetophenone
market growth are the harmful health hazards associated with this chemical compound, which
include direct contact with acetophenone that might cause illness such as severe eye and skin
irritation, effects on the central nervous system, and high level exposure that might cause
unconsciousness. These challenges might hamper growth of the global acetophenone market
during the forecast period.
Market Outlook
In 2015, the U.S. generated a sales of around US$ 14.5 billion from beauty and personal care
products. Therefore, North America region is expected to account for the largest market share
in the global acetophenone market during the forecast period, followed by Asia Pacific and
Europe.
Asia Pacific has emerging economies such as China and India that have high disposable
income and are increasingly investing in luxury items, flavored food and beverages, and
personal care products. This is expected to aid in growth of the global acetophenone market
during the forecast period.
Europe is expected to witness high growth rate in terms of value in the global acetophenone
market over the forecast period. This is owing to the high presence of luxury perfume brands
such as Chanel and Prada in this region.
Key Players
Key players operating in the global acetophenone market include Eni, INEOS, Mitsui
Chemicals, Solvay, Novapex, SI Group, RUTGERS Group, Haicheng Liqi Carbon, and
Zhongliang
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