Acetone Procurement Research – Market Trends and Spend Analysis by SpendEdge

LONDON–(BUSINESS WIRE)–#acetone—SpendEdge,
a global procurement intelligence advisory firm, has announced the
release of their ‘Acetone
Market Procurement Research Report.’ The insights and data in
this report provide a strategic analysis of the supply markets, factors
influencing purchasing decisions, procurement best practices, pricing
models, supplier landscape, and an analysis of the supplier capability
matrix for the chemicals
industry. This report breaks down the data and analysis
behind the procurement of acetone and acts as an all-inclusive guide for
making smart purchasing decisions.

“The demand for acetone is expected to grow from its end-uses
segments, such as coatings industry,” says SpendEdge procurement analyst
Anil Seth. “Also, acetone will experience growth, owing to the
production of valuable derivatives such as bisphenol-A and MMA used in
the manufacturing of industrial grade plastics,” added Anil.

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Procurement analysts at SpendEdge highlight the following top three
market trends that are contributing to the growth of the Global Acetone
Market:

• Increasing investments in new acetone production capacities by
  suppliers
• Preference for zeolite-based cumene process over conventional cumene
  process
• Introduction of bio-based acetone

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Increasing investments in new acetone production capacities by
suppliers

Globally, the suppliers have been setting up new acetone plants to meet
the rising regional and global demand from end-user industries. The
increase in the acetone capabilities can ensure a steady supply of
products for the buyers. This can further increase their bargaining
powers.

Preference for zeolite-based cumene process over conventional cumene
process

The suppliers in the market prefer the use of zeolite-based cumene over
conventional cumene process. This is mainly because zeolite-based
process incurs low production costs, as they use a regenerable catalyst.

Introduction of bio-based acetone

In the recent years, the bio-based acetone is gaining popularity as they
have a high degree of purity and are completely sustainable as compared
to conventional petrochemical-based acetone. This can help in reducing
adverse effects on the environment.

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About SpendEdge

SpendEdge shares your passion for driving sourcing and procurement
excellence. We are a preferred procurement market intelligence partner
for Fortune 500 firms and other leading companies across numerous
industries. Our strength lies in delivering robust, real-time
procurement market intelligence that helps sourcing and procurement
professionals make informed decisions. These innovative procurement
solutions help enterprises transform structural capabilities, improve
execution efficiency, and fast-track time to savings.

Contacts

SpendEdge
Anirban Choudhury
Marketing Consultant
US: +1
630 984 7340
[email protected]