Europe Acetone Market Size, Share & Industry Trends Analysis Report By Application (Solvents, Bisphenol A, Methyl Methacrylate, and Others), By Grade (Technical Grade, and Specialty Grade), By Country and Growth Forecast, 2023 - 2030

The Europe Acetone Market would witness market growth of 6.8% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 629.7 Kilo Tonnes, showcasing a growth of 4.9% (2019-2022).

The increasing industrialization in emerging economies has increased the demand for acetone. As these economies rapidly develop, the need for acetone in diverse industrial applications is increasing. Ongoing research and development efforts aim to improve the efficiency and sustainability of acetone production processes. Advanced technologies, including catalytic methods and novel reactor designs, are being explored to enhance production capabilities.

One of the noteworthy innovations is the development of bio-based acetone. Researchers and companies are exploring using renewable resources, such as biomass and waste products, as feedstocks for acetone production, reducing dependence on fossil fuels. Advancements in catalytic processes for acetone synthesis have led to more efficient and selective production methods. Catalysts play a crucial role in enhancing the yield and minimizing by-products, contributing to the overall sustainability of the acetone production process.

Acetone is a common solvent used in producing various chemicals and pharmaceuticals in France. France has a significant chemical industry, and the demand for acetone in these sectors can be influenced by factors such as production needs and research and development activities. Acetone is commonly used for cleaning and maintenance purposes in various industries in France. Different sectors' maintenance practices and industrial cleaning needs may influence the adoption of acetone in France. Due to the above-mentioned factors, the market will grow significantly in this region.

The Germany market dominated the Europe Acetone Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $409.9 Million by 2030. The Russia market is registering a CAGR of 6.4% during (2023 - 2030). Additionally, The UK market would showcase a CAGR of 6.6% during (2023 - 2030).

Based on Application, the market is segmented into Solvents, Bisphenol A, Methyl Methacrylate, and Others. Based on Grade, the market is segmented into Technical Grade, and Specialty Grade. Based on countries, the market is segmented into Germany, Russia, UK, France, Italy, Netherlands, and Rest of Europe.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include INEOS Group Holdings S.A., Shell plc, Honeywell International, Inc., Mitsui Chemicals, Inc., SABIC (Saudi Arabian Oil Company), Arkema S.A., Solvay SA, Domo Chemicals GmbH, Cepsa Química, S.A. (CEPSA) and Kumho P&B Chemicals., Inc (Kumho Petrochemical Group).

Scope of the Study

Market Segments Covered in the Report:

By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)

• Solvents
• Bisphenol A
• Methyl Methacrylate
• Others

By Grade (Volume, Kilo Tonnes, USD Billion, 2019-2030)

• Technical Grade
• Specialty Grade

By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)

• Germany
• Russia
• UK
• France
• Italy
• Netherlands
• Rest of Europe

Key Market Players

List of Companies Profiled in the Report:

• INEOS Group Holdings S.A.
• Shell plc
• Honeywell International, Inc.
• Mitsui Chemicals, Inc.
• SABIC (Saudi Arabian Oil Company)
• Arkema S.A.
• Solvay SA
• Domo Chemicals GmbH
• Cepsa Química, S.A. (CEPSA)
• Kumho P&B Chemicals., Inc (Kumho Petrochemical Group)

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