Acetophenone market is anticipated to grow at a considerable CAGR of 7.8% during the forecast period (2024-2031). The market growth is attributed to the growing application of acetophenone in consumer goods, food and beverage, pharmaceuticals, and resins. The growing demand of acetophenone as antipyretics and painkillers in the pharmaceutical industry is further aiding to the global market growth. The usage of acetophenone in scent compositions for hygiene, cosmetics, and fragrances also adds to the high demand of these compounds. Market players such as Actylis, Biesterfeld AG, Merck KGaA, Prasol Chemicals Ltd., and Thermo Fisher Scientific Inc. offer acetophenone product for different applications that include –

Top Five Acetophenone Products

Merck KGaA offer acetophenone to induce peak currents in M71 neurons using a voltage clamp. It may be used in the synthesis of N-(1-phenylethyl) formamide, via the Leuckart reaction.  Acetophenone (AP, methyl phenyl ketone) is a common industrial solvent. It can be synthesized from 1-phenylethanol in the presence of PdAu-NPs-TiO2 (titanium dioxide-supported palladium gold bimetallic nanoparticles) hybrid. 

Thermo Fisher Scientific Inc. provides acetophenone, 99%, Thermo Scientific Chemicals. Acetophenone is used as a raw material in the synthesis of active pharmaceutical ingredients such as dextropropoxyphene and phenylpropanolamine. It is also used as an active component of coatings and inks. It reacts with formaldehyde to prepare resins.

Prasol Chemicals Ltd., offers acetophenone for use in perfumery and fragrance industries in soaps, detergents, cosmetics; as a flavoring agent in ice-creams, candy, gelatins, and tobacco; and as a specialty solvent for plastics and resins and a solvent for the synthesis of pharmaceuticals, rubber, chemicals, dyes and corrosion inhibitors.

Actylis provide acetophenone in the form of a colorless liquid with a sweet, fragrant odor resembling that of oranges. It is commonly used as an intermediate in the synthesis of many organic compounds across multiple industries such as the pharmaceutical, agrochemical and the dye industry. 

Biesterfeld AG offered acetophenone is used for fragrance in soaps and perfumes. In addition, it is used as a solvent for resins and plastic and as a flavouring agent in foods.

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Market Coverage

•                 The market number available for – 2023-2031

•                 Base year- 2023

•                 Forecast period- 2024-2031

Segment Covered- 

•                 By Form

•                 By Application

Regions Covered-

•                 North America

•                 Europe

•                 Asia-Pacific

•                 Rest of the World

Competitive Landscape- FUJIFILM Corp., Merck KGaA, Solvay Group, Sumitomo Chemical Co Ltd., and Thermo Fisher Scientific Inc. among others.

Acetophenone Market Report Segment

By Form 

•                 Solid

•                 Liquid

•                 Others (Solidified Melt/ Supercooled Melt )

By Application

•                 Industrial Solvents

•                 Pharmaceuticals

•                 Flavors

•                 Fragrances

•                 Others (Pesticide)

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Acetophenone Market Report Segment by Region

North America                                                                                                           

·        United States

·        Canada                     

Europe

·        UK

·        Germany

·        Spain

·        France

·        Italy

·        Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan              

·                  South Korea

·                  Rest of APAC

Rest of the World

•       Latin America

•       Middle East and Africa 

Company Profiles

·        Antares Chemical Pvt. Ltd.

·        Domo Chemicals 

·        JK Chemicals

·        Ketan Chemical Corp.

·        Kind Chemical Inc.

·        Mitsui Chemicals, Inc.

·        Triveni Interchem

·        SAE Manufacturing Specialties Corp.

·        SI Group

·        Sigma-Aldrich

·        Solvay SA

·        Sun Industries

·        Supelco, Inc. 

·        Tanfac Industries Ltd.

·        Triveni Interchem Pvt. Ltd.

·        Vigon International, Inc.

·        Wego Chemical Group Inc.

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