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Acetone Market by Application (Methyl Methacrylate, Bisphenol A, Solvents, and Others), Grade, Distribution Channel, End Use Industry, and Region 2023-2028

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    Report

  • 145 Pages
  • March 2023
  • Region: Global
  • IMARC Group
  • ID: 5743044
The global acetone market size reached US$ 6.8 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 10.0 Billion by 2028, exhibiting a CAGR of 6.64% during 2022-2028. The widespread usage of acetone across various industrial verticals, the increasing demand for plastics, the widespread product usage in personal care industry, and the significant expansion in the automotive industry represent some of the key factors driving the market.

Acetone (C3H60), or dimethyl ketone, refers to a clear, colorless, water-soluble, flammable, volatile industrial liquid with a strong, pungent smell. It can be easily found in the exhaust generated by vehicles, plants, trees, and forest fires and also industrially formulated by bacterial fermentation. It can also be derived through alkylating benzene with propylene in the cumene cycle to produce cumene, which is later oxidized to compose phenol and acetone. It is versatile, miscible, has a lower boiling point, and exhibits the potential to breakdown down fat, stains, and grease quickly. Based on these properties, acetone is chiefly utilized as a key intermediate in various products, including adhesives, textiles, adhesives, paints, coatings, petroleum, nail polish removers, polyvinyl chloride (PVC), and antiseptic solutions.

Acetone Market Trends:

The widespread use of acetone across various industrial verticals to formulate polycarbonate, methyl methacrylate (MMA), and bisphenol A (BPA) as essential derivatives represents a prime factor driving the market growth. These products are utilized to compose food-grade bottles, cans, translucent sheets, and poly (methyl methacrylate) (PMMA), which is further employed in several constructional and infrastructural applications. Moreover, the sudden outbreak of the COVID-19 pandemic has prompted pharmaceutical companies to develop effective solvents, sanitizers, disinfectants, and dimethyl ketone-related materials, which, in turn, is facilitating the demand for acetone. Additionally, the increasing need for petrochemical products and the implementation of favorable green initiatives have encouraged manufacturers to produce renewable dimethyl ketone, which is acting as another growth-inducing factor. In comparison to petroleum solvents, such green compounds are non-toxic, non-corrosive, and non-carcinogenic and reduce the levels of toxic and corrosive chemicals emitted in the environment. In line with this, the extensive acetone incorporation in multiple personal care and cosmetic products, such as nail polish removers and cleansing and fragrance items, is favoring the market growth. Acetone is further utilized in the textile for degreasing wool, degumming silk, and forming lacquers. Apart from this, the rising acetone usage in automobile windows, headlamps, taillights, and headlamps is positively stimulating the market growth. Other factors, such as extensive research and development (R&D) activities, the increasing demand for beauty products, and the expanding electronics industry, are creating a positive outlook for the market further.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each segment of the global acetone market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on application, grade, distribution channel, and end use industry.

Application Insights:

  • Methyl Methacrylate (MMA)
  • Bisphenol A (BPA)
  • Solvents
  • Others


The report has also provided a detailed breakup and analysis of the acetone market based on the application. This includes methyl methacrylate (MMA), bisphenol A (BPA), solvents, and others. According to the report, solvents represented the largest segment.

Grade Insights:

  • Specialty Grade
  • Technical Grade


A detailed breakup and analysis of the acetone market based on the grade has also been provided in the report. This includes specialty and technical grades. According to the report, technical grade accounted for the largest market share.

Distribution Channel Insights:

  • Manufacturer to Distributor
  • Manufacturer to End-User


The report has also provided a detailed breakup and analysis of the acetone market based on the distribution channel. This includes manufacturers to distributor and to end-user. According to the report, manufacturers to end-user represented the largest segment.

End Use Industry Insights:

  • Cosmetics and Personal Care
  • Electronics
  • Automotive
  • Pharmaceutical
  • Paints, Coatings and Adhesives
  • Textile Industry
  • Others


A detailed breakup and analysis of the acetone market based on the end use industry has also been provided in the report. This includes cosmetics and personal care, electronics, automotive, pharmaceutical, paints, coatings, and adhesives, textile industry, and others. According to the report, cosmetics and personal care accounted for the largest market share.

Regional Insights:

  • North America

United States
Canada


Asia Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others


Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others


Latin America

Brazil
Mexico
Others


Middle East and Africa


The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for acetone. Some of the factors driving the Asia Pacific acetone market included the significant expansion in the electronics industry, the rising demand for personal care and cosmetics products, and extensive research and development (R&D) activities.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global acetone market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Altivia, Arkema S.A., Borealis AG (OMV Aktiengesellschaft), Compañía Española de Petróleos S.A.U. (Cepsa), Honeywell International Inc., INEOS Group Limited, Kumho P&B Chemicals Inc. (Kumho Petrochemical Co. Ltd.), Mitsui Chemicals Inc., PTT Global Chemical Public Company Limited, Sasol Limited, Saudi Basic Industries Corporation (Saudi Arabian Oil Co.), Shell plc, Solvay S.A, Thermo Fisher Scientific Inc., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report:

  • How has the global acetone market performed so far and how will it perform in the coming years?
  • What are the drivers, restraints, and opportunities in the global acetone market?
  • What are the key regional markets?
  • Which countries represent the most attractive acetone markets?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the grade?
  • What is the breakup of the market based on the distribution channel?
  • What is the breakup of the market based on the end use industry?
  • What is the competitive structure of the global acetone market?
  • Who are the key players/companies in the global acetone market?

Table of Contents

1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Acetone Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Application
6.1 Methyl Methacrylate (MMA)
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Bisphenol A (BPA)
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Solvents
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast

7 Market Breakup by Grade
7.1 Specialty Grade
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Technical Grade
7.2.1 Market Trends
7.2.2 Market Forecast

8 Market Breakup by Distribution Channel
8.1 Manufacturer to Distributor
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Manufacturer to End-User
8.2.1 Market Trends
8.2.2 Market Forecast

9 Market Breakup by End Use Industry
9.1 Cosmetics and Personal Care
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Electronics
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Automotive
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Pharmaceutical
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Paints, Coatings and Adhesives
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Textile Industry
9.6.1 Market Trends
9.6.2 Market Forecast
9.7 Others
9.7.1 Market Trends
9.7.2 Market Forecast

10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast

11 Drivers, Restraints, and Opportunities
11.1 Overview
11.2 Drivers
11.3 Restraints
11.4 Opportunities

12 Value Chain Analysis

13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Altivia
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.2 Arkema S.A.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 Borealis AG (OMV Aktiengesellschaft)
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 SWOT Analysis
15.3.4 Compañía Española de Petróleos S.A.U. (Cepsa)
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 SWOT Analysis
15.3.5 Honeywell International Inc.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 INEOS Group Limited
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Kumho P&B Chemicals Inc. (Kumho Petrochemical Co. Ltd.)
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Mitsui Chemicals Inc.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 PTT Global Chemical Public Company Limited
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.10 Sasol Limited
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 Saudi Basic Industries Corporation (Saudi Arabian Oil Co.)
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.11.4 SWOT Analysis
15.3.12 Shell plc
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
15.3.13 Solvay S.A
15.3.13.1 Company Overview
15.3.13.2 Product Portfolio
15.3.13.3 Financials
15.3.13.4 SWOT Analysis
15.3.14 Thermo Fisher Scientific Inc.
15.3.14.1 Company Overview
15.3.14.2 Product Portfolio
15.3.14.3 Financials
15.3.14.4 SWOT Analysis
  • Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

List of Figures
Figure 1: Global: Acetone Market: Major Drivers and Challenges
Figure 2: Global: Acetone Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Acetone Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Acetone Market: Breakup by Application (in %), 2022
Figure 5: Global: Acetone Market: Breakup by Grade (in %), 2022
Figure 6: Global: Acetone Market: Breakup by Distribution Channel (in %), 2022
Figure 7: Global: Acetone Market: Breakup by End Use Industry (in %), 2022
Figure 8: Global: Acetone Market: Breakup by Region (in %), 2022
Figure 9: Global: Acetone (Methyl Methacrylate (MMA)) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Acetone (Methyl Methacrylate (MMA)) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Acetone (Bisphenol A (BPA)) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Acetone (Bisphenol A (BPA)) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Acetone (Solvents) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Acetone (Solvents) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Acetone (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Acetone (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Acetone (Specialty Grade) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Acetone (Specialty Grade) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Acetone (Technical Grade) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Acetone (Technical Grade) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Acetone (Manufacturer to Distributor) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Acetone (Manufacturer to Distributor) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Acetone (Manufacturer to End-User) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Acetone (Manufacturer to End-User) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Acetone (Cosmetics and Personal Care) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Acetone (Cosmetics and Personal Care) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Acetone (Electronics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Acetone (Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Acetone (Automotive) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Acetone (Automotive) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Acetone (Pharmaceutical) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Acetone (Pharmaceutical) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Acetone (Paints, Coatings and Adhesives) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Acetone (Paints, Coatings and Adhesives) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Acetone (Textile Industry) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Acetone (Textile Industry) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Acetone (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Acetone (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: North America: Acetone Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: North America: Acetone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: United States: Acetone Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: United States: Acetone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Canada: Acetone Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Canada: Acetone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Asia-Pacific: Acetone Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Asia-Pacific: Acetone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: China: Acetone Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: China: Acetone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Japan: Acetone Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Japan: Acetone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: India: Acetone Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: India: Acetone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: South Korea: Acetone Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: South Korea: Acetone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Australia: Acetone Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Australia: Acetone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Indonesia: Acetone Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Indonesia: Acetone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Others: Acetone Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Others: Acetone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Europe: Acetone Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Europe: Acetone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Germany: Acetone Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Germany: Acetone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: France: Acetone Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: France: Acetone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: United Kingdom: Acetone Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: United Kingdom: Acetone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Italy: Acetone Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Italy: Acetone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Spain: Acetone Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Spain: Acetone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Russia: Acetone Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Russia: Acetone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Others: Acetone Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Others: Acetone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Latin America: Acetone Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Latin America: Acetone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Brazil: Acetone Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Brazil: Acetone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Mexico: Acetone Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Mexico: Acetone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Others: Acetone Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Others: Acetone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Middle East and Africa: Acetone Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Middle East and Africa: Acetone Market: Breakup by Country (in %), 2022
Figure 87: Middle East and Africa: Acetone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Global: Acetone Industry: Drivers, Restraints, and Opportunities
Figure 89: Global: Acetone Industry: Value Chain Analysis
Figure 90: Global: Acetone Industry: Porter's Five Forces Analysis

List of Tables
Table 1: Global: Acetone Market: Key Industry Highlights, 2022 & 2028
Table 2: Global: Acetone Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 3: Global: Acetone Market Forecast: Breakup by Grade (in Million US$), 2023-2028
Table 4: Global: Acetone Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 5: Global: Acetone Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
Table 6: Global: Acetone Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Acetone Market: Competitive Structure
Table 8: Global: Acetone Market: Key Players

Companies Mentioned

  • Altivia
  • Arkema S.A.
  • Borealis AG (OMV Aktiengesellschaft)
  • Compañía Española de Petróleos S.A.U. (Cepsa)
  • Honeywell International Inc.
  • INEOS Group Limited
  • Kumho P&B Chemicals Inc. (Kumho Petrochemical Co. Ltd.)
  • Mitsui Chemicals Inc.
  • PTT Global Chemical Public Company Limited
  • Sasol Limited
  • Saudi Basic Industries Corporation (Saudi Arabian Oil Co.)
  • Shell plc
  • Solvay S.A
  • Thermo Fisher Scientific Inc.

Methodology

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