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. Request For Sample Copy of this Research Report :https://www.coherentmarketinsights.com/insight/request-sample/2349 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 For More Informationhttps://tinyurl.com/y2zy3y5b About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: [email protected]
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