Global Acetone Market, By Application (Methyl Methacrylate (MMA), Bisphenol A (BPA) and Solvents), Distribution Channel (Manufacturer to Distributor and Manufacturer to End-User), Grade Outlook (Specialty Grade and Technical Grade), End Use (Cosmetics and Personal Care, Electronics, Construction, Automotive, Pharmaceutical, Agricultural Chemicals, Paints & Coatings and Adhesives), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Global acetone market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 6.33 billion growing at a CAGR of 5.50% in the above-mentioned forecast period. The increase in demand of acetone in industries has been directly impacting the growth of acetone market.
Acetone is a volatile, flammable and colorless liquid commonly used as industrial solvent acetone is an organic compound which is mainly produced through cumene hydroperoxide process as a by-product of phenol on reaction with benzene and propylene. Acetone is majorly used as an essential feedstock for methyl methacrylate, Bisphenol A (BPA) and solvents manufacturing. Acetone is majorly used in industries including pharmaceutical, agriculture chemicals and paints, coatings, cosmetics & personal care, electronics, construction, automotive and adhesives which should accelerate industry growth.
The high demand for acetone in paints and coatings, construction, and automotive industries is the main driver for the acetone market. Utilization of acetone for epoxy and polycarbonate production and heat resistant attributes is also a driver for the acetone market. The increasing demand for polycarbonate for applications including optical media, electrical & electronics and automotive is also an opportunity for the growth of the acetone market.
Ill effects caused by acetone such as unconsciousness, seizures, and respiratory distress are a challenge for the acetone market. However, strict regulations related to the utilization of acetone in plastic food contact materials due to hazardous effects for humans is restraint the growth of acetone market during the forecast period of 2021-2028.
This acetone market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research acetone market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Acetone Market Scope and Market Size
Acetone market is segmented on the basis of application, distribution channel, grade outlook and end use. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on application, the acetone market is segmented into methyl methacrylate (MMA), bisphenol A (BPA) and solvents.
- Based on distribution channel, the acetone market is segmented into manufacturer to distributor and manufacturer to end-user.
- Based on grade outlook, the acetone market is segmented into specialty grade and technical grade.
- Acetone market has also been segmented based on end use, into cosmetics and personal care, electronics, construction, automotive, pharmaceutical, agricultural chemicals, paints & coatings and adhesives.
Acetone Market Country Level Analysis
Acetone market is analysed and market size insights and trends are provided by country, application, distribution channel, grade outlook and end use as referenced above.
The countries covered in the acetone market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the acetone market due to affordable infrastructure and labour costs and rising industrialization. Emergence of advanced technology in industries is also a reason for the growth of market in this region. North America is expected to grow at the highest growth rate in the forecast period of 2021 to 2028 due to increase in establishment of petrochemical industries in this region and usage of acetone in chemical and plastic industries.
The country section of the acetone market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Acetone Market Share Analysis
Acetone market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to acetone market.
The major players covered in the acetone market report are Cepsa, KUMHO P&B CHEMICALS., INC., SABIC, LyondellBasell Industries Holdings B.V., INEOS, Dow, Shell International B.V., Honeywell International Inc., Mitsui Chemicals Inc., EMCO Chemical Distributors, Inc., Prasol Chemicals Pvt. Ltd., Formosa Chemicals & Fiber Corp., Altivia, Borealis AG, Hindustan Organic Chemicals Limited, Domo Chemicals, U.S. Chemical & Plastics., Sunmarks, LLC., The Plaza Group, Versalis S.p.A. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
In August 2020, Altivia Ketones & Additives, LLC, an affiliate of Altivia, announced the acquisition of Dow's Acetone Derivatives Business and associated chemical manufacturing assets at Institute, West Virginia, as well as the Institute, Industrial Park. The facility houses of acetone derivatives business and also other Dow and Dupont business manufacturers Ketones and Carbinols, employed mainly in the coating, adhesives, and pharmaceuticals business. With this, the company has enhanced its offering in the market.
Customization Available : Global Acetone Market
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