Deepak Phenolics Acetone in Dahej

Acetone: Applications, Market Trends, and Price Dynamics

Acetone, also known as propanone, is a clear, flammable liquid with a strong smell. As a ketone, it is commonly used as a solvent, meaning it can dissolve many other substances. Because it mixes well with water and can dissolve things like oils, resins and plastics, acetone is widely used across industries, including in chemicals, pharmaceuticals, cosmetics, and household products. Acetone’s quick evaporation and strong dissolving power make it essential for thinning resins, cleaning, dissolving and other industrial processes.

In the chemical industry, acetone is also a key part of making other chemicals, like methyl methacrylate (MMA) and bisphenol-A (BPA), which are crucial in plastics. Major acetone producers, including companies like INEOS Phenol, Shell Chemicals, and Dow Chemicals, provide a steady supply to meet global demand and maintain quality standards.

Where is Acetone Used?

Acetone is widely used in:

• Pharmaceuticals: Used to create certain medicines and in lab testing.
• Cosmetics: Used in products like nail polish removers and other personal care items.
• Chemical Manufacturing: Acts as a solvent to produce other chemicals.
• Paint and Coatings: Used to thin paints and clean equipment in industrial settings.
• Automotive and Electronics: Used in cleaning and degreasing components due to its effective solvent properties.

Acetone’s industrial demand is strongly reflected in procurement activities by major government and industrial organizations. Notably, institutions such as Hindustan Aeronautics Limited (HAL), the Department of Atomic Energy (DAE), and the Council of Scientific and Industrial Research (CSIR) frequently procure acetone for various applications.

Tenders reveal the specific requirements for acetone’s high purity grades, such as a minimum of 99% AR (Analytical Reagent) grade. This tells about its importance in sectors requiring stringent quality standards.

The aerospace, scientific research, and chemical sectors have also shown consistent demand in locations such as Nashik, Koraput, and Visakhapatnam. There, acetone plays a crucial role in operations, from manufacturing processes to lab applications.

Acetone Prices

The price of acetone can vary depending on factors such as market demand, availability, and industry requirements. Staying informed about acetone prices is crucial for businesses that rely on it for large-scale production, as even small shifts in pricing can affect their costs. Keeping track of acetone rates is crucial for industries such as manufacturing, cosmetics, and pharmaceuticals.

Acetone prices also change based on regional factors, demand cycles, and raw material costs. Primary acetone prices reflect the cost of pure acetone sold by manufacturers for industrial purposes. These rates are influenced by production costs, market demand, and economic conditions in major producing countries.

Prominent suppliers like Deepak Phenolics contribute significantly to the market, offering bulk supplies from locations such as Dahej and Kandla. For instance, Deepak Phenolics acetone is available across India through Nexizo with flexible credit options and competitive bulk pricing.

Acetone Historical Prices

Acetone's historical prices reveal a dynamic pattern shaped by fluctuations in crude oil prices, shifts in industrial demand, and changes in supply chain stability. Over the years, acetone prices have often mirrored the trends in the petrochemical industry due to its reliance on benzene and propylene, both petroleum derivatives.

Price volatility has been particularly noticeable during periods of economic instability, such as during the COVID-19 pandemic. During this time, supply chain issues and erratic demand led to significant acetone price shifts. More recently, acetone prices increased in the first half of 2024, while declining gradually throughout the second half.

Acetone Rates Today

For those looking to purchase acetone, understanding the acetone rates today can help with budgeting and planning. The latest acetone rates give insight into current market conditions and can vary based on factors such as location, order volume, and transportation costs. Market conditions, seasonal factors, and changes in the petrochemical industry influence acetone prices. So, checking rates regularly is recommended.

Acetone Price Forecast

The acetone market remains susceptible to economic and industrial trends. Recently, factors such as supply chain disruptions and fluctuating raw material costs have impacted prices. While increased demand from the automotive and electronics sectors has driven price hikes in the first half of 2024, the recent economic slowdown has introduced some pricing stability.

As more industrial activities return to normal, acetone prices are expected to stay somewhat steady, though they might still shift with changes in oil prices and other raw materials. Buyers can benefit by monitoring these trends closely to optimize procurement.

Factors That Influence Acetone Prices in India

Several factors impact acetone’s pricing in global and Indian markets. Understanding these can help you anticipate price changes and adjust procurement strategies.

• Petroleum Prices: Acetone production often relies on petroleum-based feedstocks. Fluctuations in crude oil prices directly affect acetone costs.
• Supply Chain Dynamics: Supply chain disruptions, particularly in transportation and storage, can lead to fluctuations in acetone prices.
• Industrial Demand: Demand from sectors like automotive, construction, and manufacturing can drive acetone prices up or down. When demand from these sectors rises, acetone prices generally follow.
• Environmental Regulations: Regulations around the use and disposal of organic solvents, including VOC emissions, affect production costs and may impact market prices.
• Global Trade and Tariffs: Tariffs and international trade agreements influence acetone availability and pricing, especially for markets that rely on imported acetone.
• Production Output: Production levels in major producing regions, such as Asia and North America, affect the global supply and pricing of acetone. Lower production due to plant maintenance or shutdowns often results in price increases.

Why Nexizo is a Good Choice for Acetone Supply

Nexizo provides top-quality acetone for various industrial and commercial uses. We provide:

• Competitive Acetone Prices: Our rates are regularly updated to reflect the latest market trends, so you can get a fair price.
• Bulk Supply Options: For larger projects or regular orders, we offer bulk purchasing to meet your needs cost-effectively.
• Reliable Service: Nexizo ensures that orders are handled professionally and efficiently.

If you are in pharmaceuticals, manufacturing, or any industry requiring high-quality solvents, Nexizo offers up-to-date acetone prices along with tailored purchasing options. Contact us today for a quote or more information about current acetone rates and availability.