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Report Scope & Overview:

Acetone Market size was valued at USD 5.69 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 7.6% from 2023 to 2030.

Acetone Market Overview:
Global Acetone Market research provides insights into consumer behavior, industry trends, and market competition through the use of various research techniques, including surveys, interviews, and data analysis. The industry serves a wide range of clients, including businesses, government agencies, and non-profit organizations. Acetone Market is highly diverse, with a range of services and specialties, including quantitative and qualitative research, brand research, product testing, customer satisfaction research, and competitive analysis.
 
Overall, Acetone market plays a crucial role in helping businesses and organizations make informed decisions based on data-driven insights. As the demand for data-driven decision-making continues to grow, Acetone market research is expected to experience further growth and innovation in the coming years.

DESCIMG1

Market Key Trends

Growing Demand: Acetone is a crucial chemical in various industries, including chemicals, pharmaceuticals, and cosmetics. Its demand has been steadily increasing, primarily driven by its use as a solvent, intermediate, and feedstock for various chemicals.

Feedstock for Chemicals: Acetone is a vital feedstock for the production of chemicals like bisphenol-A (BPA) and methyl methacrylate (MMA). Any changes in the demand for these downstream products directly impact the acetone market.

Environmental Concerns: Increasing environmental regulations and the need for sustainable practices have led to a shift toward bio-based acetone production. Bioproduction methods using renewable resources have gained attention due to their reduced carbon footprint.

Asia-Pacific Dominance: The Asia-Pacific region, particularly China, has been a dominant player in the acetone market. Rapid industrialization, growing manufacturing activities, and increased chemical production in the region have contributed to this dominance.

Price Volatility: Acetone prices can be volatile, influenced by factors such as feedstock costs (usually derived from crude oil), supply and demand dynamics, and geopolitical events. Market players need to monitor these factors closely.

Technology Advancements: Continuous improvements in production technologies, including cumene-based and bio-based processes, have been a notable trend. These advancements aim to enhance efficiency, reduce costs, and minimize environmental impact.

End-User Industries: The demand for acetone is closely tied to several industries, such as automotive, construction, and electronics. Any shifts or developments in these industries can impact acetone consumption.

Market Consolidation: Mergers and acquisitions among key players in the acetone industry have been observed. These moves aim to enhance market share and strengthen global positions.


Market Segmentations:

Global Acetone Market: By Company
• INEOS Phenol
• Mitsui Chemicals
• Sunoco
• Shell
• Saudi Basic Industries Corporation(SABIC)
• Westlake Chemical
• CEPSA
• Versalis - Eni
• Borealis AG
• Sinopec
• CNPC
• MP Biomedicals
• ABI Chem
• ZINC

Global Acetone Market: By Type
• Cumene Process for Acetone
• Isopropanol Processing
• Fermentation
• Others

Global Acetone Market: By Application
• Plastics & Rubber Industry
• Explosive Industry
• Painting Industry
• Chemical Materials
• Others

Global Acetone Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Acetone market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Repot Attribute/MetricDetails
Market Size in 2023USD 6.02 billion
Projected Market Size 2030USD 10.23 billion
Compound Annual Growth Rate (CAGR)7.6%
Base Year2022
Forecast Period2023 to 2032
Historical Data2018-2022
Forecast UnitsValue (USD Billion)
Report CoverageRevenue Forecast, Competitive Landscape, Growth Factors, and Trends 
By Type• Cumene Process for Acetone
• Isopropanol Processing
• Fermentation
• Others
By Application• Plastics & Rubber Industry
• Explosive Industry
• Painting Industry
• Chemical Materials
• Others
Key Companies Profiled• INEOS Phenol
• Mitsui Chemicals
• Sunoco
• Shell
• Saudi Basic Industries Corporation(SABIC)
• Westlake Chemical
• CEPSA
• Versalis - Eni
• Borealis AG
• Sinopec
• CNPC
• MP Biomedicals
• ABI Chem
• ZINC
Regions and Key Countries CoveredU.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America
Customization ScopeAvailable on Request


Reasons to Purchase Acetone Market Report:
• To gain insights into market trends and dynamics: this reports provide valuable insights into industry trends and dynamics, including market size, growth rates, and key drivers and challenges.
• To identify key players and competitors: this research reports can help businesses identify key players and competitors in their industry, including their market share, strategies, and strengths and weaknesses.
• To understand consumer behavior: this research reports can provide valuable insights into consumer behavior, including their preferences, purchasing habits, and demographics.
• To evaluate market opportunities: this research reports can help businesses evaluate market opportunities, including potential new products or services, new markets, and emerging trends.
• To make informed business decisions: this research reports provide businesses with data-driven insights that can help them make informed business decisions, including strategic planning, product development, and marketing and advertising strategies.
Overall, market research reports provide businesses and organizations with valuable information that can help them make informed decisions and stay competitive in their industry. They can provide a solid foundation for business planning, strategy development, and decision-making.

Objectives of Acetone Market Study:
The objectives of Acetone market research report may vary depending on the specific needs and goals of the business or organization commissioning the report. However, some common objectives of market research reports include:
• Understanding the market size and potential: One of the primary objectives of Acetone market research is to understand the size and potential of a particular market. This includes analyzing market trends and dynamics, identifying key players and competitors, and assessing the demand for products or services.
• Identifying target customers and segments: this market research reports can help businesses identify and understand their target customers and market segments, including their preferences, behaviors, and demographics. This information can be used to develop targeted marketing and advertising strategies.
• Evaluating product or service performance: this market research reports can provide valuable insights into the performance of products or services, including customer satisfaction, product usage, and product quality. This information can be used to improve products or services and enhance customer satisfaction.
• Assessing market opportunities and threats: this market research reports can help businesses identify potential market opportunities and threats, including emerging trends, competitive threats, and new market entrants. This information can be used to develop strategic plans and make informed business decisions.
• Developing effective marketing and advertising strategies: this market research reports can help businesses develop effective marketing and advertising strategies by providing insights into customer preferences and behavior, competitive dynamics, and market trends. This can help businesses improve brand awareness, customer engagement, and overall marketing effectiveness.
Overall, the objectives of Acetone market research report are to provide businesses and organizations with valuable insights and data-driven recommendations that can help them make informed business decisions and stay competitive in their industry.

Frequently Asked Questions

  The main end-use industries for acetone include chemicals, plastics, pharmaceuticals, and cosmetics.

  Acetone Market size was valued at USD 5.69 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 7.6% from 2023 to 2030

  Factors such as the growth of the chemicals and plastics industries, increasing demand for consumer goods, and the expansion of pharmaceutical manufacturing drive acetone demand.

  Asia-Pacific, particularly China, is a major producer and consumer of acetone. North America and Europe also have significant acetone markets.

TABLE OF CONTENT

1 Acetone Market Overview
1.1 Product Definition
1.2 Acetone Segment by Type
1.2.1 Global Acetone Market Value Growth Rate Analysis by Type 2023 VS 2032
1.2.2 Cumene Process for Acetone
1.2.3 Isopropanol Processing
1.2.4 Fermentation
1.2.5 Others
1.3 Acetone Segment by Application
1.3.1 Global Acetone Market Value Growth Rate Analysis by Application: 2023 VS 2032
1.3.2 Plastics & Rubber Industry
1.3.3 Explosive Industry
1.3.4 Painting Industry
1.3.5 Chemical Materials
1.3.6 Others
1.4 Global Market Growth Prospects
1.4.1 Global Acetone Production Value Estimates and Forecasts (2017-2032)
1.4.2 Global Acetone Production Capacity Estimates and Forecasts (2017-2032)
1.4.3 Global Acetone Production Estimates and Forecasts (2017-2032)
1.4.4 Global Acetone Market Average Price Estimates and Forecasts (2017-2032)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Acetone Production Market Share by Manufacturers (2017-2023)
2.2 Global Acetone Production Value Market Share by Manufacturers (2017-2023)
2.3 Global Key Players of Acetone, Industry Ranking, 2021 VS 2022 VS 2023
2.4 Global Acetone Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Acetone Average Price by Manufacturers (2017-2023)
2.6 Global Key Manufacturers of Acetone, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Acetone, Product Offered and Application
2.8 Global Key Manufacturers of Acetone, Date of Enter into This Industry
2.9 Acetone Market Competitive Situation and Trends
2.9.1 Acetone Market Concentration Rate
2.9.2 Global 5 and 10 Largest Acetone Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Acetone Production by Region
3.1 Global Acetone Production Value Estimates and Forecasts by Region: 2018 VS 2023 VS 2032
3.2 Global Acetone Production Value by Region (2017-2032)
3.2.1 Global Acetone Production Value Market Share by Region (2017-2023)
3.2.2 Global Forecasted Production Value of Acetone by Region (2023-2032)
3.3 Global Acetone Production Estimates and Forecasts by Region: 2018 VS 2023 VS 2032
3.4 Global Acetone Production by Region (2017-2032)
3.4.1 Global Acetone Production Market Share by Region (2017-2023)
3.4.2 Global Forecasted Production of Acetone by Region (2023-2032)
3.5 Global Acetone Market Price Analysis by Region (2017-2023)
3.6 Global Acetone Production and Value, Year-over-Year Growth
3.6.1 North America Acetone Production Value Estimates and Forecasts (2017-2032)
3.6.2 Europe Acetone Production Value Estimates and Forecasts (2017-2032)
3.6.3 China Acetone Production Value Estimates and Forecasts (2017-2032)
3.6.4 Japan Acetone Production Value Estimates and Forecasts (2017-2032)
4 Acetone Consumption by Region
4.1 Global Acetone Consumption Estimates and Forecasts by Region: 2018 VS 2023 VS 2032
4.2 Global Acetone Consumption by Region (2017-2032)
4.2.1 Global Acetone Consumption by Region (2017-2023)
4.2.2 Global Acetone Forecasted Consumption by Region (2023-2032)
4.3 North America
4.3.1 North America Acetone Consumption Growth Rate by Country: 2018 VS 2023 VS 2032
4.3.2 North America Acetone Consumption by Country (2017-2032)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Acetone Consumption Growth Rate by Country: 2018 VS 2023 VS 2032
4.4.2 Europe Acetone Consumption by Country (2017-2032)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Acetone Consumption Growth Rate by Region: 2018 VS 2023 VS 2032
4.5.2 Asia Pacific Acetone Consumption by Region (2017-2032)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Acetone Consumption Growth Rate by Country: 2018 VS 2023 VS 2032
4.6.2 Latin America, Middle East & Africa Acetone Consumption by Country (2017-2032)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Acetone Production by Type (2017-2032)
5.1.1 Global Acetone Production by Type (2017-2023)
5.1.2 Global Acetone Production by Type (2023-2032)
5.1.3 Global Acetone Production Market Share by Type (2017-2032)
5.2 Global Acetone Production Value by Type (2017-2032)
5.2.1 Global Acetone Production Value by Type (2017-2023)
5.2.2 Global Acetone Production Value by Type (2023-2032)
5.2.3 Global Acetone Production Value Market Share by Type (2017-2032)
5.3 Global Acetone Price by Type (2017-2032)
6 Segment by Application
6.1 Global Acetone Production by Application (2017-2032)
6.1.1 Global Acetone Production by Application (2017-2023)
6.1.2 Global Acetone Production by Application (2023-2032)
6.1.3 Global Acetone Production Market Share by Application (2017-2032)
6.2 Global Acetone Production Value by Application (2017-2032)
6.2.1 Global Acetone Production Value by Application (2017-2023)
6.2.2 Global Acetone Production Value by Application (2023-2032)
6.2.3 Global Acetone Production Value Market Share by Application (2017-2032)
6.3 Global Acetone Price by Application (2017-2032)
7 Key Companies Profiled
7.1 INEOS Phenol
7.1.1 INEOS Phenol Acetone Corporation Information
7.1.2 INEOS Phenol Acetone Product Portfolio
7.1.3 INEOS Phenol Acetone Production, Value, Price and Gross Margin (2017-2023)
7.1.4 INEOS Phenol Main Business and Markets Served
7.1.5 INEOS Phenol Recent Developments/Updates
7.2 Mitsui Chemicals
7.2.1 Mitsui Chemicals Acetone Corporation Information
7.2.2 Mitsui Chemicals Acetone Product Portfolio
7.2.3 Mitsui Chemicals Acetone Production, Value, Price and Gross Margin (2017-2023)
7.2.4 Mitsui Chemicals Main Business and Markets Served
7.2.5 Mitsui Chemicals Recent Developments/Updates
7.3 Sunoco
7.3.1 Sunoco Acetone Corporation Information
7.3.2 Sunoco Acetone Product Portfolio
7.3.3 Sunoco Acetone Production, Value, Price and Gross Margin (2017-2023)
7.3.4 Sunoco Main Business and Markets Served
7.3.5 Sunoco Recent Developments/Updates
7.4 Shell
7.4.1 Shell Acetone Corporation Information
7.4.2 Shell Acetone Product Portfolio
7.4.3 Shell Acetone Production, Value, Price and Gross Margin (2017-2023)
7.4.4 Shell Main Business and Markets Served
7.4.5 Shell Recent Developments/Updates
7.5 Saudi Basic Industries Corporation(SABIC)
7.5.1 Saudi Basic Industries Corporation(SABIC) Acetone Corporation Information
7.5.2 Saudi Basic Industries Corporation(SABIC) Acetone Product Portfolio
7.5.3 Saudi Basic Industries Corporation(SABIC) Acetone Production, Value, Price and Gross Margin (2017-2023)
7.5.4 Saudi Basic Industries Corporation(SABIC) Main Business and Markets Served
7.5.5 Saudi Basic Industries Corporation(SABIC) Recent Developments/Updates
7.6 Westlake Chemical
7.6.1 Westlake Chemical Acetone Corporation Information
7.6.2 Westlake Chemical Acetone Product Portfolio
7.6.3 Westlake Chemical Acetone Production, Value, Price and Gross Margin (2017-2023)
7.6.4 Westlake Chemical Main Business and Markets Served
7.6.5 Westlake Chemical Recent Developments/Updates
7.7 CEPSA
7.7.1 CEPSA Acetone Corporation Information
7.7.2 CEPSA Acetone Product Portfolio
7.7.3 CEPSA Acetone Production, Value, Price and Gross Margin (2017-2023)
7.7.4 CEPSA Main Business and Markets Served
7.7.5 CEPSA Recent Developments/Updates
7.8 Versalis - Eni
7.8.1 Versalis - Eni Acetone Corporation Information
7.8.2 Versalis - Eni Acetone Product Portfolio
7.8.3 Versalis - Eni Acetone Production, Value, Price and Gross Margin (2017-2023)
7.8.4 Versalis - Eni Main Business and Markets Served
7.7.5 Versalis - Eni Recent Developments/Updates
7.9 Borealis AG
7.9.1 Borealis AG Acetone Corporation Information
7.9.2 Borealis AG Acetone Product Portfolio
7.9.3 Borealis AG Acetone Production, Value, Price and Gross Margin (2017-2023)
7.9.4 Borealis AG Main Business and Markets Served
7.9.5 Borealis AG Recent Developments/Updates
7.10 Sinopec
7.10.1 Sinopec Acetone Corporation Information
7.10.2 Sinopec Acetone Product Portfolio
7.10.3 Sinopec Acetone Production, Value, Price and Gross Margin (2017-2023)
7.10.4 Sinopec Main Business and Markets Served
7.10.5 Sinopec Recent Developments/Updates
7.11 CNPC
7.11.1 CNPC Acetone Corporation Information
7.11.2 CNPC Acetone Product Portfolio
7.11.3 CNPC Acetone Production, Value, Price and Gross Margin (2017-2023)
7.11.4 CNPC Main Business and Markets Served
7.11.5 CNPC Recent Developments/Updates
7.12 MP Biomedicals
7.12.1 MP Biomedicals Acetone Corporation Information
7.12.2 MP Biomedicals Acetone Product Portfolio
7.12.3 MP Biomedicals Acetone Production, Value, Price and Gross Margin (2017-2023)
7.12.4 MP Biomedicals Main Business and Markets Served
7.12.5 MP Biomedicals Recent Developments/Updates
7.13 ABI Chem
7.13.1 ABI Chem Acetone Corporation Information
7.13.2 ABI Chem Acetone Product Portfolio
7.13.3 ABI Chem Acetone Production, Value, Price and Gross Margin (2017-2023)
7.13.4 ABI Chem Main Business and Markets Served
7.13.5 ABI Chem Recent Developments/Updates
7.14 ZINC
7.14.1 ZINC Acetone Corporation Information
7.14.2 ZINC Acetone Product Portfolio
7.14.3 ZINC Acetone Production, Value, Price and Gross Margin (2017-2023)
7.14.4 ZINC Main Business and Markets Served
7.14.5 ZINC Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Acetone Industry Chain Analysis
8.2 Acetone Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Acetone Production Mode & Process
8.4 Acetone Sales and Marketing
8.4.1 Acetone Sales Channels
8.4.2 Acetone Distributors
8.5 Acetone Customers
9 Acetone Market Dynamics
9.1 Acetone Industry Trends
9.2 Acetone Market Drivers
9.3 Acetone Market Challenges
9.4 Acetone Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer

INEOS Phenol
Mitsui Chemicals
Sunoco
Shell
Saudi Basic Industries Corporation(SABIC)
Westlake Chemical
CEPSA
Versalis - Eni
Borealis AG
Sinopec
CNPC
MP Biomedicals
ABI Chem
ZINC

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