According to HTF Market Intelligence, the Acetone market to witness a CAGR of 6.6% during the forecast period (2024-2030). The Latest published a market study on Global Acetone Market provides an overview of the current market dynamics in the Global Acetone space, as well as what our survey respondents- all outsourcing decision-makers- predict the market will look like in 2030. The study breaks the market by revenue and volume (wherever applicable) and price history to estimate the size and trend analysis and identify gaps and opportunities.
Some of the players that are in coverage of the study are INEOS Phenol (United Kingdom), Altivia Chemicals (United States), Royal Dutch Shell PLC (Netherlands), Sasol Ltd (South Africa), The Dow Chemical Company (United States), Domo Chemicals GmbH (Germany), Formosa Chemical and Fiber Corporation (Taiwan), Gepsa Quimica (Spain), SABIC (Saudi Arabia), Honeywell Research Chemicals (United States), Spectrum Chemical Mfg. Corp. (United States), LG Chem (South Korea), Others.
The global Acetone market size is expanding at robust growth of 6.6%, sizing up market trajectory from USD 6.3 Billion in 2024 to USD 10.1 Billion by 2030.
Get ready to identify the pros and cons of the regulatory framework, local reforms, and its impact on the industry. Know how Leaders in Global Acetone are keeping themselves one step forward with our latest survey analysis
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Definition
The acetone market refers to the industry segment involved in the production, distribution, and sale of acetone, a volatile organic compound widely used as a solvent, chemical intermediate, and raw material in various industries. Acetone, with the chemical formula (CH3)2CO, is a colorless, flammable liquid characterized by its strong odor and ability to dissolve a wide range of substances. Acetone is a vital raw material in the manufacturing of various consumer products, including nail polish remover, personal care products, and pharmaceuticals. It is also used in the production of explosives, detergents, and agricultural chemicals.
“On 8th November 2022, LG Chem Ltd. has initiated the export of their initial shipment of bio-balanced phenol and acetone, which have been verified by ISCC PLUS. These items are manufactured using renewable sources such as biomass and waste cooking oil. This event represents South Korea’s biggest export of ISCC PLUS certified products, comprising 4,000 tons of phenol and 1,200 tons of acetone.”
Basic Segmentation Details
Global Acetone Market Breakdown by Application (Solvent, MMA, BPA, MIBK, Others) by Grade (≥ 99.5%, < 99.5%) by End Use (Agricultural Chemicals, Paints & Coatings, Rubber Processing, Polymer & Resin Processing, Adhesive, Printing Ink, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA)
Acetone Market Trend
- Shift towards bio-based acetone production to reduce dependence on fossil fuels and mitigate environmental impact.
- Integration of acetone recycling and recovery technologies to minimize waste and improve sustainability.
Acetone Market Driver
- High demand for acetone in the production of various industrial chemicals, including solvents, resins, and polymers.
- Growth of end-user industries such as pharmaceuticals, cosmetics, and electronics driving demand for acetone-based products.
Acetone Market Opportunity
- Expansion into emerging markets with growing demand for acetone-based products in Asia-Pacific and Latin America.
- Collaboration opportunities with downstream industries for product development and customization.
Acetone Market Restraints
- Volatility in raw material prices, particularly in the petrochemical industry, affecting acetone production costs.
- Regulatory challenges related to environmental emissions and workplace safety standards in acetone manufacturing facilities.
Major Highlights of the Acetone Market report released by HTF MI
Global Acetone Market Breakdown by Application (Solvent, MMA, BPA, MIBK, Others) by Grade (≥ 99.5%, < 99.5%) by End Use (Agricultural Chemicals, Paints & Coatings, Rubber Processing, Polymer & Resin Processing, Adhesive, Printing Ink, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA)
Global Acetone market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report
- To carefully analyze and forecast the size of the Acetone market by value and volume.
- To estimate the market shares of major segments of the Acetone
- To showcase the development of the Acetone market in different parts of the world.
- To analyze and study micro-markets in terms of their contributions to the Acetone market, their prospects, and individual growth trends.
- To offer precise and useful details about factors affecting the growth of the Acetone
- To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Acetone market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
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Major highlights from Table of Contents:
Acetone Market Study Coverage:
- It includes major manufacturers, emerging player’s growth story, and major business segments of Acetone market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
- Acetone Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
- Acetone Market Production by Region Acetone Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
- Key Points Covered in Acetone Market Report:
- Acetone Overview, Definition and Classification Market drivers and barriers
- Acetone Market Competition by Manufacturers
- Acetone Capacity, Production, Revenue (Value) by Region (2024-2030)
- Acetone Supply (Production), Consumption, Export, Import by Region (2024-2030)
- Acetone Production, Revenue (Value), Price Trend by Type {by Grade (≥ 99.5%, < 99.5%)}
- Acetone Market Analysis by Application {Solvent, MMA, BPA, MIBK, Others}
- Acetone Manufacturers Profiles/Analysis Acetone Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
- Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
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Key questions answered
- How feasible is Acetone market for long-term investment?
- What are influencing factors driving the demand for Acetone near future?
- What is the impact analysis of various factors in the Global Acetone market growth?
- What are the recent trends in the regional market and how successful they are?
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