Acetone market valued at $ 5.6 billion by 2025 – Oxford spokesperson

The description

the global acetone market The size was valued at $ 5.84 billion in 2020 to reach $ 8.05 billion in 2027, registering a CAGR of 5.5% during the forecast period. Acetone is a flammable, colorless and volatile liquid commonly used as an industrial solvent. Acetone is produced as a by-product in the manufacture of phenol. It widely used in industry and domestic. The main end-use industries in the acetone market are pharmaceuticals, cosmetics, paints and adhesives. The pharmaceutical and cosmetic industries have shown potential for growth due to increasing demand from emerging economies and increasing spending on cosmetics.

Factors affecting the acetone market during the forecast period:

Factors such as increased application of acetone as a solvent and strong demand in cosmetics, pharmaceuticals, and paints and adhesives industries are expected to drive growth.

Growing demand for acetone in paints and coatings, construction, and automotive industry is expected to drive the growth of the acetone market. Moreover, the rising price of propylene and the stringent regulations of the chemical industry are key challenges for the growth of the acetone market. Additionally, the increasing use of the product as an active ingredient in strippers, cleaners, degreasers and thinners is expected to fuel the overall growth of acetone growth.

Get Sample PDF Copy of Report: –

However, acetone is considered to be one of the dangerous chemicals which greatly affects human health and groundwater. Therefore, solvent manufacturers are looking for biodegradable substitutes. The high acceptance rate of bio-based solvents is expected to increase as acetone removal is not environmentally friendly. Common substitutes used in the manufacture of solvents include biosol, surfasolve, acatrip r, replacetone, and methyl acetate. In the paints and coatings industry, acetone is expected to be replaced by trichlorethylene (TCE), methyl ethyl ketone (MEK) and tetrachlorethylene.

Impact of COVID-19 on the Acetone market:

During the COVID 19 pandemic, the global acetone market experienced a significant gap between supply and demand, resulting in lower overall sales. End use industries are suffering huge setbacks affecting the overall demand for acetone across the world.

Scope of the report

The report presents the global Acetone market research study on the basis of grade, application, and sales channel.

On the basis of quality, the acetone market has been segmented into –

  • Specialty Category
  • Technical level

On the basis of Application, the Acetone market has been segmented into –

  • Methyl methacrylate (MMA)
  • Bisphenol A (BPA)
  • Solvents

Based on sales channel, the acetone market has been segmented into –

Acetone market: regional outlook

On the basis of region, the global acetone market has been segmented into five geographic regions namely, North America, Asia Pacific, Europe, South America, Middle East and Africa. In 2020, Asia-Pacific held the largest share of the global acetone market, followed by North America and Europe. In addition, North America is expected to grow at a high CAGR during the forecast period owing to the growth of the paint and coating and construction industries in the region.

Asia-Pacific accounted for the largest market share of around 40% of sales in 2020. The changing preference of international manufacturers for the domestic market, due to affordable infrastructure and low labor costs ‘work. In addition, emerging economies combined with increasing industrialization and increasing purchasing power are expected to continue to contribute to the demand for chemicals from regional end-use industries.

Buy an exclusive copy: –

The main competitors in the global acetone market include –

The global acetone market is highly fragmented with a large number of small players across the globe. The major companies operating in the global acetone market are –

  • LyondellBasell Industries
  • INEOS Phenol GmbH
  • The chemical company Dow
  • Royal Dutch Shell Co
  • Honeywell chemicals
  • Mitsui Chemicals Inc
  • Kumho P&B Chemistry
  • Cepsa Quimica
  • HER

The Acetone market report provides the in-depth analysis of the macroeconomic factors and the attractiveness of each segment in the market. The report will comprise an in-depth qualitative and quantitative assessment of the segmental / regional outlook with the presence of the market player in the respective segment and region / country. The information concluded in the report includes contributions from key interviews with industry experts.

The Acetone Market Report Covers Comprehensive Analysis On:

  • Market segmentation and regional analysis
  • 10 year market size
  • Price Analysis
  • Supply and demand analysis
  • Product lifecycle analysis
  • Porter’s Five Forces and Value Chain Analysis
  • Analysis of developed and emerging economies
  • PEST analysis
  • Factor analysis of the market and forecasts
  • Market opportunities, risks and trends
  • Conclusion and recommendation
  • Regulatory landscape
  • Patent analysis
  • Competition landscape
  • 15+ company profiles

Request for TOC report, table of figures, graph, etc. : –

Regional Analysis Of Acetone Market Include:

  • North America (United States, Canada, Mexico)
  • South America (Brazil, Argentina, Colombia, Peru, rest of Latin America)
  • Europe (Germany, Italy, France, United Kingdom, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, Netherlands, Norway, Sweden, Denmark, rest of Europe)
  • Asia-Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, Philippines, Singapore, Australia and New Zealand, rest of Asia-Pacific)
  • The Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, North Africa, rest of the MEA

Acetone market: target audience

  • Acetone Manufacturers
  • Chemicals distributors and suppliers
  • Acetone Traders and Exporters
  • Production process industries
  • Raw material suppliers
  • Nationalized research laboratories and universities
  • Governments and regulators

Request for report analysis: –

Main issues addressed

  • What is the market size by various acetone segmentations by region and their respective countries?
  • What are customer buying behavior, key takeaways, and Porter’s 5 strengths in the acetone market?
  • What are the main opportunities and trends for manufacturers involved in the acetone supply chain?
  • What are the fundamental dynamics (drivers, constraints, opportunities and challenges) of the market?
  • What and how are regulations, programs, patents and policies impacting market growth?
  • What are the upcoming technological solutions influencing market trends? How will existing businesses adapt to new technological change?
  • What will be the impact of advanced technologies on the acetone market?
  • What has been the impact of COVID-19 on the demand and sales of acetone in the global market? Also, the expected number of decrease or increase in the market BPS and the period of recovery expected by the market.
  • Detailed analysis of competitors and their latest launch, and what are the top startups introduced in the target market? In addition, detailed profiling of more than 25 leading and eminent companies in the market.

About Us:

Market Statsville Group (MSG) partners with businesses and society to address their critical risks and challenges to seize the huge opportunities before them. MSG started its work in 2017, and since then the brand has become a pioneer in business consulting and market research services.

We are the leading designer of market research and strategies with the depth and breadth of solutions that perfectly meet all of your needs. MSG provides solutions across a wide range of industry verticals for market sizing, analytics, and incisive business intelligence. MSG’s experienced research analysts are skilled at digging deep and delivering a variety of customizable data that helps you make decisions with clarity, confidence, and impact.

Contact us:
Eric Martin
Statsville Group Market
416 Standsberry Street East,
Perkins, Oklahoma 74059, USA
United States: + 1-580-205-2707 | India: + 91-702-496-8807
Email: [email protected]
LinkedIn | Facebook | Twitter

Comments are closed.