About Max Smith

The Global Acetone Market is projected to register a CAGR of over 3% during the forecast period (2021-2026). The acetone market is negatively impacted by COVID-19. The major end-user industries of acetone such as automotive, paints and coatings, cosmetics, and personal care are hindered by the global pandemic situation. The COVID-19 affected the sales of paints and coatings as the construction activities were halted due to lockdown regulations. India’s second-largest paint company, Berger Paints, reported approximately a 6.5% fall in its consolidated net profit to INR 1,032 million (USD 13.76 million) for the fourth quarter ended March 31. The automotive industry also faced a decline in production and sales due to the pandemic situation, thus affecting the acetone market.

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