Reports

Global Acetone Market Expected to Grow at a CAGR of 3.4% between 2024 and 2032

Sale

Global Acetone Market Analysis, Size, Trends, Forecast: By Application: Solvents, Methyl Methacrylate, BPA, Other; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032

Competitive Landscape

The market players are making efforts to increase acetone production capacity to meet its growing demand and are also focusing on developing sustainable production methods, offering products with eco-friendly certification

Shell Chemicals, a subsidiary of Royal Dutch Shell, is an energy-producing company. It specialises in the production of chemicals used in plastic, solvents, and industrial products, among others.

INEOS Group Holdings S.A, based in Switzerland, is a petrochemical and speciality chemical provider. The company offers a diverse range of chemical products for various end-use sectors.

Cepsa Química, S.A. is an energy and petrochemical company, based in Spain. It mainly offers chemicals and their derivatives for multiple industrial applications.

Deepak Phenolics Limited, a subsidiary of Deepak Nitrite Limited, which is a leading producer of acetone and phenol, has gained the ISO certification, making it a socially responsible company.

Several market players stand committed to lowering greenhouse gas emissions in the production of chemicals, aiming to balance emissions with an equivalent amount of carbon removal from the atmosphere. This includes shifting to renewable energy sources like solar, wind, or hydroelectric power to run their operations, instead of relying on fossil fuels, and using raw materials that are more sustainable, possibly including bio-based or recycled sources, to produce chemicals like acetone. In July 2022, Shell Chemicals Park Moerdijk announced that it is transitioning towards a net-zero emission production facility for manufacturing sustainable chemicals.

As per the acetone market analysis, the Asia Pacific accounts for almost 46% of the global share, followed by the European Union and North America. China, one of the significant regions in the Asia Pacific, is the centre of acetone production. China is also a significant importer of acetone, importing majorly from countries including Taiwan, Thailand, and South Korea, among others. International manufacturers have shifted their manufacturing units to the region due to affordable infrastructure and labour costs.

The emerging economies, growing industrialisation, and rising purchasing power are expected to continue contributing to the demand for chemicals from regional end-use sectors. China is expected to be a leading consumer and manufacturer of acetone and is anticipated to continue its dominance owing to its increasing consumption as a solvent.

Europe follows the Asia Pacific and it is one of the largest exporters of acetone globally, exporting to countries like Turkey, China, India, and the United States. The acetone market demand in Europe is also supported by the region’s rapidly growing cosmetic market, which uses acetone in regulated measures. The region is expected to witness an increased demand for chemicals with eco-friendly certification, encouraging manufacturers to improve sustainability of the entire production process as per regional standards or in accordance with the EU’s Renewable Energy Directive (EU RED).

Acetone Market Report Snapshots

Acetone Market Size

Acetone Companies

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Report Description
   3.1   Market Definition and Outlook
   3.2   Properties and Applications
   3.3   Market Analysis
   3.4   Key Players
4   Key Assumptions
5   Executive Summary
   5.1   Overview
   5.2   Key Drivers
   5.3   Key Developments
   5.4   Competitive Structure
   5.5   Key Industrial Trends
6   Snapshot
   6.1   Global
   6.2   Regional
7   Opportunities and Challenges in the Market
8   Global Acetone Market Analysis
   8.1   Key Industry Highlights
   8.2   Global Acetone Historical Market (2018-2023)
   8.3   Global Acetone Market Forecast (2024-2032)
   8.4   Global Acetone Market by Application
       8.4.1   Solvents
           8.4.1.1 Historical Trend (2018-2023)
           8.4.1.2 Forecast Trend (2024-2032)
       8.4.2   Methyl Methacrylate (MMA)
           8.4.2.1 Historical Trend (2018-2023)
           8.4.2.2 Forecast Trend (2024-2032)
       8.4.3   BPA
           8.4.3.1 Historical Trend (2018-2023)
           8.4.3.2 Forecast Trend (2024-2032)
       8.4.4   Others
   8.5    Global Acetone Market by Region
        8.5.1    North America
            8.5.1.1 Historical Trend (2018-2023)
            8.5.1.2 Forecast Trend (2024-2032)
        8.5.2    Europe
            8.5.2.1 Historical Trend (2018-2023)
            8.5.2.2 Forecast Trend (2024-2032)
        8.5.3    Asia Pacific
            8.5.3.1 Historical Trend (2018-2023)
            8.5.3.2 Forecast Trend (2024-2032)
        8.5.4    Latin America
            8.5.4.1 Historical Trend (2018-2023)
            8.5.4.2 Forecast Trend (2024-2032)
        8.5.5    Middle East and Africa
            8.5.5.1 Historical Trend (2018-2023)
            8.5.5.2 Forecast Trend (2024-2032)
9    North America Acetone Market Analysis
    9.1    United States of America
        9.1.1 Historical Trend (2018-2023)
        9.1.2 Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1 Historical Trend (2018-2023)
        9.2.2 Forecast Trend (2024-2032)
10    Europe Acetone Market Analysis
    10.1    United Kingdom
        10.1.1 Historical Trend (2018-2023)
        10.1.2 Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1 Historical Trend (2018-2023)
        10.2.2 Forecast Trend (2024-2032)
    10.3    France
        10.3.1 Historical Trend (2018-2023)
        10.3.2 Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1 Historical Trend (2018-2023)
        10.4.2 Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Acetone Market Analysis
    11.1    China
        11.1.1 Historical Trend (2018-2023)
        11.1.2 Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1 Historical Trend (2018-2023)
        11.2.2 Forecast Trend (2024-2032)
    11.3    India
        11.3.1 Historical Trend (2018-2023)
        11.3.2 Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1 Historical Trend (2018-2023)
        11.4.2 Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1 Historical Trend (2018-2023)
        11.5.2 Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Acetone Market Analysis
    12.1    Brazil
        12.1.1 Historical Trend (2018-2023)
        12.1.2 Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1 Historical Trend (2018-2023)
        12.2.2 Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1 Historical Trend (2018-2023)
        12.3.2 Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Acetone Market Analysis
    13.1    Saudi Arabia
        13.1.1 Historical Trend (2018-2023)
        13.1.2 Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1 Historical Trend (2018-2023)
        13.2.2 Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1 Historical Trend (2018-2023)
        13.3.2 Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1 Historical Trend (2018-2023)
        13.4.2 Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Trade Data Analysis (HS Code – 291411)
    16.1    Major Importing Countries
        16.1.1    By Volume
        16.1.2    By Value
    16.2    Major Exporting Countries
        16.2.1    By Volume
        16.2.2    By Value
17    Price Analysis
17.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
18    Competitive Landscape
    18.1    Market Structure
    18.2    Company Profiles
        18.2.1    Shell Chemicals
            18.2.1.1    Company Overview
            18.2.1.2    Product Portfolio
            18.2.1.3    Demographic Reach and Achievements
            18.2.1.4    Certifications
        18.2.2    INEOS Group Holdings S.A.
            18.2.2.1    Company Overview
            18.2.2.2    Product Portfolio
            18.2.2.3    Demographic Reach and Achievements
            18.2.2.4    Certifications
        18.2.3    Cepsa Química, S.A.
            18.2.3.1    Company Overview
            18.2.3.2    Product Portfolio
            18.2.3.3    Demographic Reach and Achievements
            18.2.3.4    Certifications
        18.2.4    LG Chem
            18.2.4.1    Company Overview
            18.2.4.2    Product Portfolio
            18.2.4.3    Demographic Reach and Achievements
            18.2.4.4    Certifications
        18.2.5    Honeywell International Inc.
            18.2.5.1    Company Overview
            18.2.5.2    Product Portfolio
            18.2.5.3    Demographic Reach and Achievements
            18.2.5.4    Certifications
        18.2.6    Versalis S.p.A.
            18.2.6.1    Company Overview
            18.2.6.2    Product Portfolio
            18.2.6.3    Demographic Reach and Achievements
            18.2.6.4    Certifications
        18.2.7    Mitsui Chemicals Group
            18.2.7.1    Company Overview
            18.2.7.2    Product Portfolio
            18.2.7.3    Demographic Reach and Achievements
            18.2.7.4    Certifications
        18.2.8    Formosa Chemicals and Fibre Corporation
            18.2.8.1    Company Overview
            18.2.8.2    Product Portfolio
            18.2.8.3    Demographic Reach and Achievements
            18.2.8.4    Certifications
        18.2.9    Altivia
            18.2.9.1    Company Overview
            18.2.9.2    Product Portfolio
            18.2.9.3    Demographic Reach and Achievements
            18.2.9.4    Certifications
        18.2.10    Hindustan Organic Chemicals Limited
            18.2.10.1    Company Overview
            18.2.10.2    Product Portfolio
            18.2.10.3    Demographic Reach and Achievements
            18.2.10.4    Certifications
        18.2.11    SI Group, Inc.
            18.2.11.1    Company Overview
            18.2.11.2    Product Portfolio
            18.2.11.3    Demographic Reach and Achievements
            18.2.11.4    Certifications
        18.2.12    Others
19    Key Trends and Developments in the Market

Additional Customisations Available

1   Manufacturing Process
   1.1   Overview
   1.2   Detailed Process Flow
   1.3   Operation Involved
2   Project Requirement and Cost Analysis
   2.1   Land, Location and Site Development
   2.2   Construction
   2.3   Plant Machinery
   2.4   Cost of Raw Material
   2.5   Packaging
   2.6   Transportation
   2.7   Utilities
   2.8   Manpower
   2.9   Other Capital Investment

List of Key Figures and Tables

1.   Global Acetone Market: Key Industry Highlights, 2018 and 2032
2.   Global Acetone Historical Market: Breakup by Application (Million Metric Tons), 2018-2023
3.   Global Acetone Market Forecast: Breakup by Application (Million Metric Tons), 2024-2032
4.   Global Acetone Historical Market: Breakup by Region (Million Metric Tons), 2018-2023
5.   Global Acetone Market Forecast: Breakup by Region (Million Metric Tons), 2024-2032
6.   North America Acetone Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
7.   North America Acetone Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
8.   Europe Acetone Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
9.   Europe Acetone Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
10.   Asia Pacific Acetone Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
11.   Asia Pacific Acetone Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
12.   Latin America Acetone Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
13.   Latin America Acetone Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
14.   Middle East and Africa Acetone Historical Market: Breakup by Country (Million Metric Tons), 2018-2023
15.   Middle East and Africa Acetone Market Forecast: Breakup by Country (Million Metric Tons), 2024-2032
16.   Major Exporting Countries by Value
17.   Major Importing Countries by Value
18.   Major Exporting Countries by Volume
19.   Major Importing Countries by Volume
20.   North America Historical Price Trends and Forecast 2018-2032
21.   Europe Historical Price Trends and Forecast 2018-2032
22.   Asia Pacific Historical Price Trends and Forecast 2018-2032
23.   Latin America Historical Price Trends and Forecast 2018-2032
24.   Middle East and Africa Historical Price Trends and Forecast 2018-2032
25.   Global Acetone Market Structure

Key Questions Answered in the Report

What was the acetone market value in 2023?

In 2023, the market reached an approximate volume of nearly 7.73 million metric tons.

What is the growth rate of the global acetone market?

The market is estimated to grow at a CAGR of 3.4% between 2024 and 2032.

What are the major industry drivers?

The major drivers of the industry, such as the rising disposable incomes, increasing hygiene awareness, rapidly growing cosmetic market, and the growing end-use industries, are expected to aid the market growth.

What are the key trends of the market?

The key trends aiding the market include the growing applications of acetone in the pharmaceutical sector, the growth of the personal care and cosmetic sectors, advancements in the acetone production process, and regulations guiding the use of acetone.

What are the major regional markets of acetone, according to the market report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with the Asia Pacific accounting for the largest share in the market.

What are the leading applications of acetone in the industry?

Solvents, methyl methacrylate (MMA), and BPA, among others are the leading applications of acetone in the industry.

Who are the key market players, according to the global acetone market report?

The major players in the market are Shell Chemicals, INEOS Group Holdings S.A., Cepsa Química, S.A., LG Chem, Honeywell International Inc., Versalis S.p.A., Mitsui Chemicals Group, Formosa Chemicals and Fibre Corporation, Altivia, Hindustan Organic Chemicals Limited, and SI Group, Inc., among others.

Request Sample

Purchase Full Report

Datasheet

$ ~~2199~~ $1999

Selected Sections, One User
Printing Not Allowed
Email Delivery in PDF
~~Free Limited Customisation~~
~~Post Sales Analyst Support~~
~~50% Discount on Next Update~~

Buy Now

Single User License

$ ~~3299~~ $2999

All Sections, One User
One Print Allowed
Email Delivery in PDF
~~Free Limited Customisation~~
~~Post Sales Analyst Support~~
~~50% Discount on Next Update~~

Buy Now

Five User License

$ ~~4399~~ $3999

All Sections, Five Users
Five Prints Allowed
Email Delivery in PDF
Free Limited Customisation
Post Sales Analyst Support
~~50% Discount on Next Update~~

Buy Now

Corporate License

$ ~~5499~~ $4999

All Sections, Unlimited Users
Unlimited Prints Allowed
Email Delivery in PDF + Excel
Free Limited Customisation
Post Sales Analyst Support
50% Discount on Next Update

Buy Now

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation

Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

NEWSLETTER