Acetone Trends and Forecast
The future of the global acetone market looks promising with opportunities in the solvent, methyl methacrylate, and bisphenol A markets. The global acetone market is expected to grow with a CAGR of 7.8% from 2024 to 2030. The major drivers for this market are increasing utilization of acetone in the production of personal care products, rising demand for acetone-based paints, coatings, and adhesives in the automotive industry, and growing utilization of acetone as a solvent, feedstock, and intermediate in various chemical processes.Acetone by Segment
The study includes a forecast for the global acetone by grade, application, and region.Acetone Market by Grade [Shipment Analysis by Value from 2018 to 2030]:
- Technical Grade
- Specialty Grade
Acetone Market by Application [Shipment Analysis by Value from 2018 to 2030]:
- Solvents
- Methyl Methacrylate
- Bisphenol A
- Others
Acetone Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Acetone Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies acetone companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base.Some of the acetone companies profiled in this report include:
- INEOS
- Shell
- Honeywell
- Mitsui Chemicals
- CEPSA Quimica
- SABIC
- Arkema
- Solvay
- DOMO Chemicals
- Kumho P&B Chemicals
Acetone Market Insights
The publisher forecasts that technical grade will remain larger segment over the forecast period due to the increase in the usage of technological items in the synthesis of MMA and BPA.Within this market, solvent will remain the largest segment due to increased demand for acetone as a crucial component in making hand sanitizer and as an excipient in drugs.
APAC will remain the largest region over the forecast period due to increase in the product's demand from a number of end-user sectors, including the pharmaceutical, cosmetics, and personal care and automobile industries, as well as from nations like China, India, and Japan.
Features of the Global Acetone Market
- Market Size Estimates: Acetone market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Acetone market size by grade, application, and region in terms of value ($B).
- Regional Analysis: Acetone market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different grade, application, and regions for the acetone market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the acetone market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for acetone market?Answer: The global acetone market is expected to grow with a CAGR of 7.8% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the acetone market?
Answer: The major drivers for this market are increasing utilization of acetone in the production of personal care products, rising demand for acetone-based paints, coatings, and adhesives in the automotive industry, and growing utilization of acetone as a solvent, feedstock, and intermediate in various chemical processes.
Q3. What are the major segments for acetone market?
Answer: The future of the global acetone market looks promising with opportunities in the solvent, methyl methacrylate, and bisphenol A markets.
Q4. Who are the key acetone market companies?
Answer: Some of the key acetone companies are as follows:
- INEOS
- Shell
- Honeywell
- Mitsui Chemicals
- CEPSA Quimica
- SABIC
- Arkema
- Solvay
- DOMO Chemicals
- Kumho P&B Chemicals
Answer: The publisher forecasts that technical grade will remain larger segment over the forecast period due to the increase in the usage of technological items in the synthesis of MMA and BPA.
Q6. In acetone market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to increase in the product's demand from a number of end-user sectors, including the pharmaceutical, cosmetics, and personal care and automobile industries, as well as from nations like China, India, and Japan.
Q7. Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the acetone market by grade (technical grade and specialty grade), application (solvents, methyl methacrylate, bisphenol A, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Acetone Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- INEOS
- Shell
- Honeywell
- Mitsui Chemicals
- CEPSA Quimica
- SABIC
- Arkema
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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