Acetone Market Size, Share, Industry Analysis, Global Trends, Revenue Analysis and Regional Forecasts, 2021-2028 The global acetone market is expected to gain momentum from the high demand for petrochemicals and chemicals from several end-use industries. This information is given by Fortune Business Insights™ in a new study, titled, “Acetone Market Size, Share & COVID-19 Impact Analysis and Regional Forecast, 2020-2027.” The study further mentions that the acetone market size was USD 3,962.0 million in 2019 and is projected to reach USD 4,995.3 million by 2027, exhibiting a CAGR of 3.7% during the forecast period. Drivers & Restraints- Increasing Manufacturing of Sanitizers and Disinfectants to Drive Growth The increasing production of disinfectants and sanitizers worldwide is set to surge the demand for dimethyl ketone as isopropanol is derived from it. Besides, the high popularity of cosmetics and personal care products would aid the acetone market growth throughout the forthcoming years. However, acetone possesses higher initiation energy points and can’t auto-ignite. This may hamper its demand. Segment- Paints & Coatings Segment to Grow Steadily Fueled by Higher Usage of Solvents Based on end-use, the plastic segment earned 33.3% in terms of the global acetone market share in 2019. The paints & coatings segment generated the largest share in 2019 because of the rising usage of solvents in this sector as it can dissolve non-polar and polar substances. Regional Insights- Easy Availability of Raw Materials to Favor Growth in Asia Pacific In 2019, Asia Pacific held USD 1,739.2 million in terms of revenue. This growth is attributable to the lower labor cost and easy availability of raw materials in emerging countries, such as India and China. Dimethyl ketone is extensively used in numerous manufacturing processes as an industrial solvent in the region. North America, on the other hand, is anticipated to grow considerably backed by the increasing research and development activities in the electronics sector. It would further surge the demand for Bisphenol A. The presence of large chemical industries in the U.K., Italy, and Germany would propel growth in Europe. Browse Summary: https://www.fortunebusinessinsights.com/acetone-market-104446

Spices and Seasonings Market Growth, Size Analysis, Share Value, Segmentation, and Global Forecast by 2029 The global spices & seasonings market size was USD 17.75 billion in 2021. The market is projected to grow from USD 18.47 billion in 2022 to USD 25.42 billion by 2029, exhibiting a CAGR of 4.67% during the forecast period. This information is provided by Fortune Business Insights™, in its report, titled, “Spices & Seasonings Market, 2022-2029.” The market is mainly navigated by some factors, such as the growing popularity of ethnic cuisines. It is steering the demand for spice blends and original spices. List of Key Players Covered in the Report McCormick & Company, Inc. (U.S.) Kerry Group Plc (Ireland) Watkins Incorporated (U.S.) Olam International (Singapore) Associated British Foods PLC (U.K.) Ajinomoto Co., Inc. (Japan) Sensient Technologies Corporation (U.S.) ARIAKE Japan Co. Ltd. (Japan) SHS Group (U.K.) Worlée Group (Germany) Browse Detailed Summary of Research Report with TOC: https://www.fortunebusinessinsights.com/industry-reports/spices-and-seasonings-market-101694 Segmentation Snacks and Convenience Foods to Dominate during Forecast Period Based on type, the market is segregated into pepper, chili, ginger, cinnamon, cumin, turmeric, nutmeg and mace, cardamom, cloves, and others. On the basis of application, the global spices & seasonings market is segmented into meat and poultry, bakery and confectionery, frozen foods, snacks and convenience foods, and others. Snacks and convenience foods are the most important commodities in the spice and seasoning trade and are expected to lead during the forecast period. In terms of region, the market is separated into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Growing Veganism and Vegetarianism to Foster Market Growth Vegetarianism and veganism are part of a global trend that is promptly extending. The vegan population in the U.S. and the U.K. has grown substantially. Numerous spices used in the meat processing industry beforehand are currently used as non-vegetarian substitutes. This trend assists towards the rise in spice demand. Plant-based diets are transforming expansively across the globe. The companies are accentuating novel product unveilings, particularly for the vegan and vegetarian population, to take benefit of this novel trend. Regional Insights North America to Dominate Backed by Increasing Usage of Herbs in Cooking North America held the largest spices & seasonings market share and stood at USD 7.48 billion in 2021. North America has been one of the prime markets for spices & seasonings as novel consuming practices alter how consumers perceive herbs. Asia Pacific market is likely to display notable progress due to the growth of food processing industries in the region. Europe is anticipated to observe considerable spice & seasonings market growth owing to the surging preference of young European consumers towards exotic and prominent food flavors. Europe is among the world's key importers of herbs and spices. Competitive Landscape New Product Launch Declarations by Prime Players to Boost Market Growth The noticeable players embrace numerous strategies to bolster their position in the market as dominating companies. One such key strategy is procuring companies to bolster the brand value among users. Another vital strategy is intermittently unveiling groundbreaking products with a methodical study of the market and its target audience. Industry Development September 2021: Olam Food Ingredients unveiled 'Blends of the Americas', which is the first collection in its novel spice blends series. The 17 ready-to-use dry blends offer food service companies, food producers, and retailers an effortless, clean-label solution for manufacturing authentic and constant flavors motivated by the continent's popular cuisines from those in the Caribbean, Mexico, and the U.S. Southwest.