South Korea Acetone Market Analysis Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End User Industries, Distribution Channel, Region-Wise Demand, Import & Export, 2015-2030

In 2019, the Demand in South Korea Crossed 400 Ktpa, and It is Projected to Grow with a CAGR of 7.10% During the Forecast Period.

South Korea Acetone market demand stood at 423.36 Thousand Tonnes in 2020 and is forecast to reach 841.96 Thousand Tonnes by 2030, growing at a healthy CAGR of 6.71% until 2030. Demand for Acetone in South Korea is anticipated to grow significantly in the forecast period, driven by its excessive consumption in the chemical industry to produce highly desired derivatives like Isopropyl and Bisphenol A for several end-use industries. Moreover, the increasing requirement for Acetone in niche pharmaceutical applications backed by the rapid expansion of the global pharmaceutical industry is likely to surge its demand in the next five years.

Due to the outbreak of COVID-19 in 2020, the world economy was disrupted. The market was affected drastically, and production and manufacturing units were shut down. Furthermore, the major market players intentionally halted the production keeping their employee’s health and wellness in mind. With imposed new regulations of the COVID-19 and proper precautions, the market is anticipated to regain its growth in the years to come. The pandemic is slowly being subsided and the effects are tried to be overcome by various methods. Once the market regains the full function of its production unit, the market is bound to show robust growth in the forecast period. The end-user industries including the pharmaceutical industry, automobile industry, cosmetics, paints, etc. all were drastically affected due to the effect of the pandemic. However, post COVID-19 the market is expected to show a steady regain of growth in the near future years.

Under this subscription, you would be able to access South Korea Acetone market demand and supply analysis on a cloud-based platform for one year. The data is updated on a near real-time basis to add any new movement in the industry including but not limited to new plant announcements, plant shutdowns, temporary disruptions in demand or supply, news and deals, and much more specific to Acetone.

Years Considered for Analysis:

• Historical Years: 2015 - 2018
• Base Year: 2019
• Estimated Year: 2020
• Forecast Period: 2021 - 2030

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Deliverables

• Installed Capacity By Company: Installed capacity within the country along with the individual capacity of leading players
• Installed Capacity By Location: Installed capacity at several locations across the country
• Installed Capacity By Process: Installed capacity by different processes
• Installed Capacity By Technology: Installed capacity by different technologies being used to produce Acetone
• Production By Company: Actual production done by different companies
• Operating Efficiency By Company: Operating efficiency at which different companies are operating their plants
• Demand By End Use: Demand/Sale of Acetone in different end user industries across the country
• Demand By Sales Channel: Demand/Sale of Acetone by different sales channels across the country
• Demand By Region: Demand/Sale of Acetone in different regions of the country
• Country-Wise Exports: Exports of Acetone by Different Countries
• Country-Wise Imports: Imports of Acetone by Different Countries
• Demand & Supply Gap: Demand & Supply Gap at country level
• Market Share of Leading Players: Revenue shares of leading players in the country
• News & Deals: Historical & Current News & Deals in Acetone market

To extract data for the South Korea Acetone market, the analyst conducts primary research surveys with Acetone manufacturers, suppliers, distributors, wholesalers, and customers followed by exhaustive secondary research to cross-validate the information being collected through primary research surveys.