Acetone Prices, Trends & Forecasts | Provided by Procurement Resource

Acetone is a colourless liquid with a sweet, pungent odour that is clear and colourless. It has the chemical formula C3H6O and a molecular weight of 58.08 g/mol.

It is a ketone, which means that it has a carbonyl group (C=O) between two hydrocarbon groups. It is an organic substance that is naturally created in the body during fat breakdown, as well as commercially synthesised by various chemical processes such as isopropanol dehydrogenation.

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It is a popular solvent because of its ability to dissolve a wide spectrum of chemical molecules. It is also used to make a variety of compounds, including methyl methacrylate and bisphenol-A. Acetone is also utilised in the production of polymers, textiles, and pharmaceuticals.

It has a melting point of -94.7°C and a boiling point of 56.05°C, making it a low-boiling and low-freezing liquid. At 20°C, it is extremely soluble in water, having a solubility of 21 g/100 mL. It is a polar molecule, which means it has a partial positive and partial negative charge at opposite ends.

Owing to its polarity, acetone may dissolve a wide variety of organic substances, including fats, oils, and resins. It’s also a very flammable liquid with a flash point of -20°C, so take precautions when working with it.

China, the USA, Taiwan, South Korea, and the Western European region are the major acetone producers across the globe.

Key Details About the Acetone Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Acetone price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.

The Acetone Price chart, including India’s Acetone price, and USA’s Acetone price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting Acetone Price Trend:

Owing to its varied chemical characteristics, acetone has a wide range of industrial applications. Acetone is widely used as a solvent for numerous organic substances such as oils, fats, resins, and polymers. It is commonly used in the production of adhesives, varnishes, and paints, as well as synthetic fibres and rubber.

It is used as a solvent and a raw ingredient in the pharmaceutical industry to make a variety of medications, including antibiotics and steroids. It’s also used to make vitamins and other dietary supplements.

It is utilised in the manufacturing of a variety of compounds, including methyl methacrylate and bisphenol-A, in addition to its use as a solvent.

It is also used as a cleaning agent for electronic components and in the production of printed circuit boards in the electronics industry. It’s also a gasoline additive and a solvent in the extraction of natural products like essential oils and flavours.

Key Players:

• Formosa Chemicals and Fibre Corporation (FCFC)
• Royal Dutch Shell plc
• INEOS Phenol GmbH
• Mitsui Chemicals Inc.
• Cepsa Química, S.A.

Recent News:

• July 2022: LG Chem said that it would export 1,200 tonnes of acetone and 4,000 tonnes of phenol. According to the firm, this is South Korea’s largest shipment of ISCC PLUS-certified products.

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