FEATURED COMPANIES
- Basell Industries Inc.
- CEPSA Quimica Inc.
- INEOS Phenol GmbH
- Kumho P&B Chemicals
- Lyondell
- Mitsui Chemicals Inc.
Increasing consumption of acetone in various end use industries such as cosmetics, electronics, automotive, construction, agriculture, paints & coatings, pharmaceuticals, and others is a key factor driving market revenue growth.
Market Size - USD 4,758.4 Million in 2020, Market Growth - CAGR of 4.7%, Market Trends - Rising investments and emphasis on manufacturing bio-based acetone by various key players in the global market.
The global acetone market size is expected to reach USD 6,910.1 Million in 2028, and register a CAGR of 4.7% during the forecast period. Major factors expected to drive revenue growth of the global acetone market include rapid industrialization, growing demand for personal care products globally, rising number of construction and reconstruction projects in various countries.
However, availability of substitutes such as green solvents, and stringent regulatory norms governing the use of acetone are major factors that could hamper growth of the global acetone market.
Some Key Findings From the Report:
For the purpose of this report, the global acetone market is segmented on the basis of grade, application, industry vertical, and region:
Grade Outlook (Revenue, USD Million; 2018 - 2028)
Application Outlook (Revenue, USD Million; 2018 - 2028)
Industry Vertical Outlook (Revenue, USD Million; 2018 - 2028)
Region Outlook (Revenue, USD Million; 2018 - 2028)
Reasons to Buy the Report
Market Size - USD 4,758.4 Million in 2020, Market Growth - CAGR of 4.7%, Market Trends - Rising investments and emphasis on manufacturing bio-based acetone by various key players in the global market.
The global acetone market size is expected to reach USD 6,910.1 Million in 2028, and register a CAGR of 4.7% during the forecast period. Major factors expected to drive revenue growth of the global acetone market include rapid industrialization, growing demand for personal care products globally, rising number of construction and reconstruction projects in various countries.
However, availability of substitutes such as green solvents, and stringent regulatory norms governing the use of acetone are major factors that could hamper growth of the global acetone market.
Some Key Findings From the Report:
- Among the application segments, the solvents segment accounted for the largest revenue share of 33.2% in 2020.
- The Asia Pacific market accounted for the largest revenue share in the global acetone market in 2020, valued at USD 1,951.0 Million. This can be attributed to increasing demand for acetone for making solvents methyl methacrylate (MMA), and bisphenol-A that are used in various end use industries such as electronics, construction, and automotive.
- Key players profiled in the report include Honeywell Research Chemicals, Royal Dutch Shell PLC, INEOS Phenol GmbH, Mitsui Chemicals Inc., CEPSA Quimica, Inc., Prasol Chemicals Pvt. Ltd., LyondellBasell Industries Inc., ALTIVIA Ketones & Additives LLC, SABIC (Saudi Basic Industries Corporation), and Kumho P&B Chemicals Inc. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
- In 2019, INEOS Phenol GmbH, which is a Germany-based producer of Phenol and Acetone, announced that it would build a global standard, state of the art Cumene unit in Marl Germany, to be completed by 2021 end. The new 750,000 ton plant will support future customer demand and improve the security of supply for INEOS plants in Gladbeck and Antwerp.
For the purpose of this report, the global acetone market is segmented on the basis of grade, application, industry vertical, and region:
Grade Outlook (Revenue, USD Million; 2018 - 2028)
- Technical Grade
- Specialty Grade
Application Outlook (Revenue, USD Million; 2018 - 2028)
- Solvents
- Bisphenol-A
- Methyl Methacrylate (MMA)
- Methyl Isobutyl Ketone
- Others
Industry Vertical Outlook (Revenue, USD Million; 2018 - 2028)
- Cosmetics
- Electronics
- Automotive
- Construction
- Agriculture
- Paints & Coatings
- Pharmaceuticals
- Others
Region Outlook (Revenue, USD Million; 2018 - 2028)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Acetone Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in the Acetone Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
FEATURED COMPANIES
- Basell Industries Inc.
- CEPSA Quimica Inc.
- INEOS Phenol GmbH
- Kumho P&B Chemicals
- Lyondell
- Mitsui Chemicals Inc.
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 4. Acetone Segmentation & Impact Analysis
Chapter 5. Acetone Market By Grade Insights & Trends
Chapter 6. Acetone Market By Application Insights & Trends
Chapter 7. Acetone Market By Industry Vertical Insights & Trends
Chapter 8. Acetone Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
- Honeywell Research Chemicals
- Royal Dutch Shell PLC
- INEOS Phenol GmbH
- Mitsui Chemicals Inc.
- CEPSA Quimica Inc.
- Prasol Chemicals Pvt. Ltd.
- Lyondell
- Basell Industries Inc.
- ALTIVIA Ketones & Additives LLC
- SABIC
- Kumho P&B Chemicals
