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

The Acetone Demand in Japan Grew at a Healthy CAGR Till 2019 and is Expected to Follow a Similar Trajectory with a CAGR of 6.22% During the Forecast Period.

Japan Acetone market demand stood at 437.52 Thousand Tonnes in FY2021 and is forecast to reach 733.64 Thousand Tonnes by FY2030, growing at a healthy CAGR of 5.34% until FY2030. Escalating requirement for Acetone in niche pharmaceutical applications as an ideal solvent is likely to elevate its consumption in the next five years. With the growing interest of the government over rapid industrialization, new capacity additions for several Acetone derivatives are anticipated to provide a further surge in Acetone’s demand during the forecast period. Moreover, the acetone solvent has high demand in the pharmaceutical industry, cosmetic industry, and paints and adhesive industry. Along with that, automotive industries also require acetone as a solvent in the country. Furthermore, the development of the various industries is also supporting the growth of the Japanese acetone market in the upcoming forecast years. Due to the outbreak of COVID-19 in FY2020, 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 high demand for acetone has forced manufacturers to run production plants at higher rates. This extra production per year led to a price rise in FY2017 and this trend is expected to persist over the forecast period. The stagnancy in profit margin is another reason for the growing operational costs. The high cost was also driven by a combination of factors, such as the rising price of propylene along with regulations over domestic supply. Under this subscription, you would be able to access Japan 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.

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Years Considered for Analysis:

• Historical Years: FY2015 - FY2020
• Base Year: FY2021
• Estimated Year: FY2022
• Forecast Period: FY2023- FY2030

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 Japan 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.