Acetophenone Market - Forecast(2021 - 2026)
Acetophenone Market size is forecast to reach $285.1 million by 2026, after growing at a CAGR of 6.5% over the forecast period from 2021-2026 . Acetophenone is a simplest aromatic ketone. It is a colourless, viscous liquid and precursor ideal in resins and fragrances. Therefore, with rising demands for perfumes, soaps, lotions and other cosmetic goods, the acetophenone industry is witnessing increase in demand. It is an extension of ketone with improved sweet-smelling properties. Natural presence of acetophenone in substantial number of sources including apricot, apple, banana, beef, cauliflower and cheese has enhanced the product development. However, growing public interest towards cosmetic products will enhance the overall market growth for acetophenone market, as acetophenone are used as ingredient for cosmetics formulations. Covid-19 Impact The COVID-19 pandemic has declined the acetophenone market. Weaker consumer demand for lifestyle and well-being products owing to the social ...