Cepsa, Royal Dutch Shell plc., INEOS are Dominating the Europe Acetone Market in 2019

Europe Acetone Market is expected to grow with the CAGR of 5.3% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Europe acetone market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in Europe acetone market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in May 2018, Cepsa won the ICIS prize for technological innovation for its new detail process as well as techniques majorly used in the chemical sector. The award helps in maximising the customer base of the company which generates revenue of the business.

Cepsa is the dominating player in Europe acetone market. The other key players existing in the market Royal Dutch Shell plc., INEOS, SABIC, Honeywell International Inc., Thermo Fisher Scientific Inc., Mitsui & Co., Ltd., Borealis AG., Altivia., Domo Chemicals, Mitsubishi Chemical Corporation (Subsidiary of Mitsubishi Chemical Holdings Corporation), among others.

Europe Acetone Market

Cepsa

Cepsa headquartered in Madrid, Spain which is engaged in manufacturing of high quality of petrochemical related products to the individuals. The company offers various products such as LAB – LABSA, phenol – acetone, solvents, basic petrochemicals, alcohols and the market focused product is phenol – acetone in acetone market.

For instance,

  • In July 2018, Cepsa received Chemical Export Award for boosting exports in Spanish chemical sector which is also for the companies’ contribution towards the CSR. The award helps in increasing the production of the business which also generates income of the business.

The company has wide presence across the globe such as Asia-Pacific, Europe, Middle East and Africa, and North America.

Royal Dutch Shell plc.

Royal Dutch Shell plc. founded in 1883 and is headquartered in Hague, The Netherlands. The company is engaged in upstream, integrated gas and new energies, and downstream products. The company offers various products such as motorists, shell energy, business customers, energy and innovation among which business customers is market focused segment.

For instance,

  • In November 2019, Royal Dutch Shell plc had appointed Huibert Vigeveno as the director of Downstream with the aim to strengthen the product portfolio as well as overall performance. The update help in enhancing the customer base of the company which generates revenue of the business.

The company has wide presence in Asia-Pacific, Europe, North America, South America and Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as Shell Oil Company (U.S.), Shell Energy (U.K.), Pennzoil (U.S.), Raízen (Brazil), The New Motion B.V. (The Netherlands), Shell Australia (Australia), Shell Czech Republic (France), QGC (Australia), and BG Group (U.K.), among others.

 INEOS

INEOS founded in 1890 and is headquartered in London, U.K. The company is engaged in manufacturing of petrochemicals, specialty chemicals and oil products for different metals and wood materials. The company offers various products such as petrochemicals, oil and gas and automotive among which coating petrochemicals is market focused segment.

For instance,

  • In June 2019, INEOS decided to expand its business by investing USD 2.00 billion in Saudi Arabia with the aim to build the new first ever plant in Middle East. This expansion helps in increasing the customer base of the company which generates revenue of the business.

The company has wide presence in North America, Asia-Pacific, South America, Middle East and Africa and Europe. In addition to it, the company also generates its revenue from the various subsidiary companies such as Belstaff (U.K.), INEOS Upstream Limited (U.K.), INEOS Olefins & Polymers USA (U.S.), Ineos Styrolution America LLC (Americas), Ineos NV (Belgium), Belstaff International Limited (U.K.), Ineos Derivatives Lavera Sas (France), and INEOS Newton Aycliffe Limited (U.K.), among others.