Global Acetone Market: Industry Analysis and Forecast (2021-2027) by Type and End User

Acetone Market size was valued at US$ 3.80 Bn. in 2020 and the total revenue is expected to grow at 5.2 % CAGR through 2021 to 2027, reaching nearly US$ 5.42 Bn.

Acetone Market Overview:

Acetone is an organic component that is found naturally in plants, body fat, natural gases, volcanic ash and holds a wide-scale industrial application. Global Acetone Market To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the Market from 2021 to 2027. 2020’s Market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the Market through 2027. 2020 is a year of exception and analyzed specially with the impact of lockdown by region.

Acetone Market Dynamics:

The rise in demand for the application of methyl methacrylate in LCDs for the consumer electronics market and increasing use of polycarbonate in the automotive industry is estimated to be a major driver for the market of acetone in the forecast period. Commercialization of the bio-based acetone is estimated to create growth opportunities for the market over the forecast period. However, fluctuation in prices of crude oil limits the market growth. Increasing demand for bio-based acetone and strict government regulations is expected to slow the market growth of acetone. Moreover, contact with acetone is dangerous for health and can cause intoxication, dizziness, nausea, unconsciousness which in turn may hamper the market growth. A report by Nishant V. Tale and Ramanand Jagtap published by the Institute of Chemical Technology, Mumbai, states that coatings that have 4% by weight Acetone in copolymer emulsion exhibited improved chemical resistance and mechanical properties. This report has provided a scientific validation for the use of Diacetone Acrylamide in manufacturing chemicals used as a solvent for chemicals. A report by Nicola Kessel and others published by the Journal of Coating Technology and Research states that the rate and total amount of surfactant exudation were found to be influenced by crosslinking for particle deformability and evaporation rate. This report has clarified the presence of properties in Acetone that can increase the functionality of chemicals it is added with. This report provides a detailed analysis of the wide-scale application of Acetone in manufacturing different industrial chemicals. A report by WHO published in 2016 states that 1 out of every 7 people suffers from some sort of orthopedic issue. An increase in orthopedic issues by people in the age group of 18-45 years has resulted in increased demand for orthopedic bandages. A report by WTO states that Global Orthopedic Bandage Market was worth the US $ 4.5 Billion in the year 2017. The use of Acetone in manufacturing orthopedic bandages has opened doors for increased use by the Healthcare sector and the Pharmaceutical Industry.

Acetone Market Segment Analysis:

Based on Application, Bisphenol-A is the dominant application segment due to its extensive usage in the automotive industry. However, demand is expected to grow at a slow pace owing to increasing regulations on its usage. Methyl Methacrylate (MMA) is expected to grow at a moderate rate because of increasing usage in cosmetics for artificial nail products, especially in Asia-Pacific economies. Methyl Methacrylate is majorly used in the electronics and computer industries for flat screens, DVDs, compact discs, and laser discs. Methyl Methacrylate is also used in conformal coatings to provide resistance to attack and prolonging their life. Printed circuit boards are increasingly used in the automotive sector. Based on End-Use Industry, the Chemical industry is the major end-use industry of the acetone market. Acetone is a primary ingredient in chemical-derived removal products that are used on a large scale by the Cosmetics and Personal Care product manufacturing industries. Rising demand for make-up and nail paint removal products has resulted in a 2.6% increase in demand for Acetone from 2018 through 2020 by the Global Cosmetics Industry. Acetone gets easily mixed with water and holds a wide-scale application in the textile industry for degreasing wool and degumming silk. The presence of properties that increases viscosity and does not affect medical contents of medicine has resulted in a 2.1% increase in demand for Acetone in the second decade of this century by the Global Pharmaceutical Industry.

Global Acetone Market Regional Insights:

Region-wise, Asia-Pacific is the biggest market for Acetone. An increase in the demand for chemical solvents has resulted in a 3.3% increase in demand for Acetone in the second decade of this century by the industrial sector present in this region. The presence of a big chemical and industrial goods manufacturing sector and increasing demand for chemical solvents have resulted in a 2.6% increase in demand for Acetone from 2017 through 2019 in North America. An increase in industrialization and rising demand for chemical solvents have forecasted the Middle East and Africa’s Market to grow at a CAGR of 1.6% from 2020 through 2027. The objective of the report is to present a comprehensive analysis of the Global Acetone Market to the stakeholders in the industry. The past and current status of the industry with the forecasted Market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include Market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Acetone Market dynamics, structure by analyzing the Market segments and project the Global Acetone Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the Global Acetone Market make the report investor’s guide.

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Global Acetone Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 3.80 Bn.
Forecast Period 2021 to 2027 CAGR: 5.2% Market Size in 2027: US $ 5.42 Bn.
Segments Covered: by Product Application • Methyl methacrylate • Bisphenol-A • Aldol chemicals • Solvent
by End Use Industry • Chemicals • Pharmaceuticals • Cosmetics • Electronics

Acetone Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Acetone Market Key Players

INEOS PhenolRoyal Dutch Shell PLCThe Dow Chemical Company • Mitsui Chemicals, Inc. • Sasol • Hindustan Organic Chemicals Limited • Domo Chemicals • Honeywell International, Inc. • Formosa Chemicals and Fiber Corporation • CEPSA Quimica • Prasol Chemicals Pvt. Ltd. • EMCO Limited • KUMHO P&B Chemicals., Inc. • SABIC • LyondellBasell Industries Holdings B.V. • Shell International B.V. • Altivia • Borealis AG • Domo Chemicals • U.S. Chemical & Plastics FAQ’S: 1) What is the market share of the Global Acetone Market in 2020? Answer: The Global Acetone Market was valued at US $ 3.80 Billion in the year 2020. 2) Which is the dominating region for the Global Acetone Market? Answer: The rising demand for chemicals by industrial and commercial sectors has resulted in making Asia Pacific the biggest market for Acetone. 3) What are the opportunities for development in the Global Acetone Market? Answer: The use of green technology in manufacturing process holds ample amount of opportunities for development in the Global Acetone Market. 4) Which factor acts as the driving factor for the growth of the Global Acetone Market? Answer: An increase in the use of solvent chemicals by chemical industries in North America, Europe, and Asia acts as the major driving factor for the growth of the Global Acetone Market. 5) What factors are restraining the growth of the Global Acetone Market? Answer: The rising campaigns to limit the use of chemicals for human consumption acts as the major restraining factor for the growth of the Global Acetone Market.

Global Acetone Market

1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Acetone Size, by Market Value (US$ Bn) and Market Volume (Units) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 4.8. Patent Registration 5. Supply Side and Demand Side Indicators 6. Global Acetone Market Analysis and Forecast 6.1. Global Acetone Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Global Acetone Market Analysis and Forecast, by Product 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global Acetone Market Value Share Analysis, by Product 7.4. Global Acetone Market Size (US$ Bn) Forecast, by Product 7.5. Global Acetone Market Analysis, by Product 7.6. Global Acetone Market Attractiveness Analysis, by Product 8. Global Acetone Market Analysis and Forecast, by Application 8.1. Introduction and Definition 8.2. Key Findings 8.3. Global Acetone Market Value Share Analysis, by End Use Industry 8.4. Global Acetone Market Size (US$ Bn) Forecast, by End Use Industry 8.5. Global Acetone Market Analysis, by End Use Industry 8.6. Global Acetone Market Attractiveness Analysis, by End Use Industry 9. Global Acetone Market Analysis, by Region 9.1. Global Acetone Market Value Share Analysis, by Region 9.2. Global Acetone Market Size (US$ Bn) Forecast, by Region 9.3. Global Acetone Market Attractiveness Analysis, by Region 10. North America Acetone Market Analysis 10.1. Key Findings 10.2. North America Acetone Market Overview 10.3. North America Acetone Market Value Share Analysis, by Product 10.4. North America Acetone Market Forecast, by Product 10.4.1. Methyl methacrylate 10.4.2. Bisphenol-A 10.4.3. Aldol chemicals 10.4.4. Solvent 10.5. North America Acetone Market Value Share Analysis, by End Use Industry 10.6. North America Acetone Market Forecast, by End Use Industry 10.6.1. Chemicals 10.6.2. Pharmaceuticals 10.6.3. Cosmetics 10.6.4. Electronics 10.7. North America Acetone Market Value Share Analysis, by Country 10.8. North America Acetone Market Forecast, by Country 10.8.1. U.S. 10.8.2. Canada 10.9. North America Acetone Market Analysis, by Country 10.10. U.S. Acetone Market Forecast, by Product 10.10.1. Methyl methacrylate 10.10.2. Bisphenol-A 10.10.3. Aldol chemicals 10.10.4. Solvent 10.11. U.S. Acetone Market Forecast, by End Use Industry 10.11.1. Chemicals 10.11.2. Pharmaceuticals 10.11.3. Cosmetics 10.11.4. Electronics 10.12. Canada Acetone Market Forecast, by Product 10.12.1. Methyl methacrylate 10.12.2. Bisphenol-A 10.12.3. Aldol chemicals 10.12.4. Solvent 10.13. Canada Acetone Market Forecast, by End Use Industry 10.13.1. Chemicals 10.13.2. Pharmaceuticals 10.13.3. Cosmetics 10.13.4. Electronics 10.14. North America Acetone Market Attractiveness Analysis 10.14.1. By Product 10.14.2. By End Use Industry 10.15. PEST Analysis 10.16. Key Trends 10.17. Key Development 11. Europe Acetone Market Analysis 11.1. Key Findings 11.2. Europe Acetone Market Overview 11.3. Europe Acetone Market Value Share Analysis, by Product 11.4. Europe Acetone Market Forecast, by Product 11.4.1. Methyl methacrylate 11.4.2. Bisphenol-A 11.4.3. Aldol chemicals 11.4.4. Solvent 11.5. Europe Acetone Market Value Share Analysis, by End Use Industry 11.6. Europe Acetone Market Forecast, by End Use Industry 11.6.1. Chemicals 11.6.2. Pharmaceuticals 11.6.3. Cosmetics 11.6.4. Electronics 11.6.5. Europe Acetone Market Value Share Analysis, by Country 11.7. Europe Acetone Market Forecast, by Country 11.7.1. Germany 11.7.2. U.K. 11.7.3. France 11.7.4. Italy 11.7.5. Spain 11.7.6. Rest of Europe 11.8. Europe Acetone Market Analysis, by Country 11.9. Germany Acetone Market Forecast, by Product 11.9.1. Methyl methacrylate 11.9.2. Bisphenol-A 11.9.3. Aldol chemicals 11.9.4. Solvent 11.10. Germany Acetone Market Forecast, by End Use Industry 11.10.1. Chemicals 11.10.2. Pharmaceuticals 11.10.3. Cosmetics 11.10.4. Electronics 11.11. U.K. Acetone Market Forecast, by Product 11.11.1. Methyl methacrylate 11.11.2. Bisphenol-A 11.11.3. Aldol chemicals 11.11.4. Solvent 11.12. U.K. Acetone Market Forecast, by End Use Industry 11.12.1. Chemicals 11.12.2. Pharmaceuticals 11.12.3. Cosmetics 11.12.4. Electronics 11.13. France Acetone Market Forecast, by Product 11.13.1. Methyl methacrylate 11.13.2. Bisphenol-A 11.13.3. Aldol chemicals 11.13.4. Solvent 11.14. France Acetone Market Forecast, by End Use Industry 11.14.1. Chemicals 11.14.2. Pharmaceuticals 11.14.3. Cosmetics 11.14.4. Electronics 11.15. Italy Acetone Market Forecast, by Product 11.15.1. Methyl methacrylate 11.15.2. Bisphenol-A 11.15.3. Aldol chemicals 11.15.4. Solvent 11.16. Italy Acetone Market Forecast, by End Use Industry 11.16.1. Chemicals 11.16.2. Pharmaceuticals 11.16.3. Cosmetics 11.16.4. Electronics 11.17. Spain Acetone Market Forecast, by Product 11.17.1. Methyl methacrylate 11.17.2. Bisphenol-A 11.17.3. Aldol chemicals 11.17.4. Solvent 11.18. Spain Acetone Market Forecast, by End Use Industry 11.18.1. Chemicals 11.18.2. Pharmaceuticals 11.18.3. Cosmetics 11.18.4. Electronics 11.19. Rest of Europe Acetone Market Forecast, by Product 11.19.1. Methyl methacrylate 11.19.2. Bisphenol-A 11.19.3. Aldol chemicals 11.19.4. Solvent 11.20. Rest of Europe Acetone Market Forecast, by End Use Industry 11.20.1. Chemicals 11.20.2. Pharmaceuticals 11.20.3. Cosmetics 11.20.4. Electronics 11.21. Europe Acetone Market Attractiveness Analysis 11.21.1. By Product 11.21.2. By End Use Industry 11.22. PEST Analysis 11.23. Key Trend 11.24. Key Development 12. Asia Pacific Acetone Market Analysis 12.1. Key Findings 12.2. Asia Pacific Acetone Market Overview 12.3. Asia Pacific Acetone Market Value Share Analysis, by Product 12.4. Asia Pacific Acetone Market Forecast, by Product 12.4.1. Methyl methacrylate 12.4.2. Bisphenol-A 12.4.3. Aldol chemicals 12.4.4. Solvent 12.5. Asia Pacific Acetone Market Value Share Analysis, by End Use Industry 12.6. Asia Pacific Acetone Market Forecast, by End Use Industry 12.6.1. Chemicals 12.6.2. Pharmaceuticals 12.6.3. Cosmetics 12.6.4. Electronics 12.7. Asia Pacific Acetone Market Value Share Analysis, by Country 12.8. Asia Pacific Acetone Market Forecast, by Country 12.8.1. China 12.8.2. India 12.8.3. Japan 12.8.4. ASEAN 12.8.5. Rest of Asia Pacific 12.9. Asia Pacific Acetone Market Analysis, by Country 12.10. China Acetone Market Forecast, by Product 12.10.1. Methyl methacrylate 12.10.2. Bisphenol-A 12.10.3. Aldol chemicals 12.10.4. Solvent 12.11. China Acetone Market Forecast, by End Use Industry 12.11.1. Chemicals 12.11.2. Pharmaceuticals 12.11.3. Cosmetics 12.11.4. Electronics 12.12. India Acetone Market Forecast, by Product 12.12.1. Methyl methacrylate 12.12.2. Bisphenol-A 12.12.3. Aldol chemicals 12.12.4. Solvent 12.13. India Acetone Market Forecast, by End Use Industry 12.13.1. Chemicals 12.13.2. Pharmaceuticals 12.13.3. Cosmetics 12.13.4. Electronics 12.14. Japan Acetone Market Forecast, by Product 12.14.1. Methyl methacrylate 12.14.2. Bisphenol-A 12.14.3. Aldol chemicals 12.14.4. Solvent 12.15. Japan Acetone Market Forecast, by End Use Industry 12.15.1. Chemicals 12.15.2. Pharmaceuticals 12.15.3. Cosmetics 12.15.4. Electronics 12.16. ASEAN Acetone Market Forecast, by Product 12.16.1. Methyl methacrylate 12.16.2. Bisphenol-A 12.16.3. Aldol chemicals 12.16.4. Solvent 12.17. ASEAN Acetone Market Forecast, by End Use Industry 12.17.1. Chemicals 12.17.2. Pharmaceuticals 12.17.3. Cosmetics 12.17.4. Electronics 12.18. Rest of Asia Pacific Acetone Market Forecast, by Product 12.18.1. Methyl methacrylate 12.18.2. Bisphenol-A 12.18.3. Aldol chemicals 12.18.4. Solvent 12.19. Rest of Asia Pacific Acetone Market Forecast, by End Use Industry 12.19.1. Chemicals 12.19.2. Pharmaceuticals 12.19.3. Cosmetics 12.19.4. Electronics 12.20. Asia Pacific Acetone Market Attractiveness Analysis 12.20.1. By Product 12.20.2. By End Use Industry 12.21. PEST Analysis 12.22. Key Trend 12.23. Key Development 13. Middle East & Africa Acetone Market Analysis 13.1. Key Findings 13.2. Middle East & Africa Acetone Market Overview 13.3. Middle East & Africa Acetone Market Value Share Analysis, by Product 13.4. Middle East & Africa Acetone Market Forecast, by Product 13.4.1. Methyl methacrylate 13.4.2. Bisphenol-A 13.4.3. Aldol chemicals 13.4.4. Solvent 13.5. Middle East & Africa Acetone Market Value Share Analysis, by End Use Industry 13.6. Middle East & Africa Acetone Market Forecast, by End Use Industry 13.6.1. Chemicals 13.6.2. Pharmaceuticals 13.6.3. Cosmetics 13.6.4. Electronics 13.7. Middle East & Africa Acetone Market Value Share Analysis, by Country 13.8. Middle East & Africa Acetone Market Forecast, by Country 13.8.1. GCC 13.8.2. South Africa 13.8.3. Rest of Middle East & Africa 13.9. Middle East & Africa Acetone Market Analysis, by Country 13.10. GCC Acetone Market Forecast, by Product 13.10.1. Methyl methacrylate 13.10.2. Bisphenol-A 13.10.3. Aldol chemicals 13.10.4. Solvent 13.11. GCC Acetone Market Forecast, by End Use Industry 13.11.1. Chemicals 13.11.2. Pharmaceuticals 13.11.3. Cosmetics 13.11.4. Electronics 13.12. South Africa Acetone Market Forecast, by Product 13.12.1. Methyl methacrylate 13.12.2. Bisphenol-A 13.12.3. Aldol chemicals 13.12.4. Solvent 13.13. South Africa Acetone Market Forecast, by End Use Industry 13.13.1. Chemicals 13.13.2. Pharmaceuticals 13.13.3. Cosmetics 13.13.4. Electronics 13.14. Rest of Middle East & Africa Acetone Market Forecast, by Product 13.14.1. Methyl methacrylate 13.14.2. Bisphenol-A 13.14.3. Aldol chemicals 13.14.4. Solvent 13.15. Rest of Middle East & Africa Acetone Market Forecast, by End Use Industry 13.15.1. Chemicals 13.15.2. Pharmaceuticals 13.15.3. Cosmetics 13.15.4. Electronics 13.16. Middle East & Africa Acetone Market Attractiveness Analysis 13.16.1. By Product 13.16.2. By End Use Industry 13.17. PEST Analysis 13.18. Key Trend 13.19. Key Development 14. South America Acetone Market Analysis 14.1. Key Findings 14.2. South America Acetone Market Overview 14.3. South America Acetone Market Value Share Analysis, by Product 14.4. South America Acetone Market Forecast, by Product 14.4.1. Methyl methacrylate 14.4.2. Bisphenol-A 14.4.3. Aldol chemicals 14.4.4. Solvent 14.5. South America Acetone Market Value Share Analysis, by End Use Industry 14.6. South America Acetone Market Forecast, by End Use Industry 14.6.1. Chemicals 14.6.2. Pharmaceuticals 14.6.3. Cosmetics 14.6.4. Electronics 14.7. South America Acetone Market Value Share Analysis, by Country 14.8. South America Acetone Market Forecast, by Country 14.8.1. Brazil 14.8.2. Mexico 14.8.3. Rest of South America 14.9. Brazil Acetone Market Forecast, by Product 14.9.1. Methyl methacrylate 14.9.2. Bisphenol-A 14.9.3. Aldol chemicals 14.9.4. Solvent 14.10. Brazil Acetone Market Forecast, by End Use Industry 14.10.1. Chemicals 14.10.2. Pharmaceuticals 14.10.3. Cosmetics 14.10.4. Electronics 14.11. Mexico Acetone Market Forecast, by Product 14.11.1. Methyl methacrylate 14.11.2. Bisphenol-A 14.11.3. Aldol chemicals 14.11.4. Solvent 14.12. Mexico Acetone Market Forecast, by End Use Industry 14.12.1. Chemicals 14.12.2. Pharmaceuticals 14.12.3. Cosmetics 14.12.4. Electronics 14.13. Rest of South America Acetone Market Forecast, by Product 14.13.1. Methyl methacrylate 14.13.2. Bisphenol-A 14.13.3. Aldol chemicals 14.13.4. Solvent 14.14. Rest of South America Acetone Market Forecast, by End Use Industry 14.14.1. Chemicals 14.14.2. Pharmaceuticals 14.14.3. Cosmetics 14.14.4. Electronics 14.15. South America Acetone Market Attractiveness Analysis 14.15.1. By Product 14.15.2. By End Use Industry 14.16. PEST Analysis 14.17. Key Trend 14.18. Key Development 15. Company Profiles 15.1. Market Share Analysis, by Company 15.2. Competition Matrix 15.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 15.2.2. New Product Launches and Product Enhancements 15.2.3. Market Consolidation 15.2.3.1. M&A by Regions, Investment and Applications 15.2.3.2. M&A Key Players, Forward Integration and Backward Integration 15.3. Company Profiles: Key Players 15.3.1. INEOS Phenol 15.3.1.1. Company Overview 15.3.1.2. Financial Overview 15.3.1.3. Product Portfolio 15.3.1.4. Business Strategy 15.3.1.5. Recent Developments 15.3.1.6. Manufacturing Footprint 15.3.2. Royal Dutch Shell PLC 15.3.3. The Dow Chemical Company 15.3.4. Mitsui Chemicals, Inc. 15.3.5. Sasol 15.3.6. Hindustan Organic Chemicals Limited 15.3.7. Domo Chemicals 15.3.8. Honeywell International, Inc. 15.3.9. Formosa Chemicals and Fiber Corporation 15.3.10. CEPSA Quimica 15.3.11. Prasol Chemicals Pvt. Ltd. 15.3.12. EMCO Limited 15.3.13. KUMHO P&B CHEMICALS., INC. 15.3.14. SABIC 15.3.15. LyondellBasell Industries Holdings B.V. 15.3.16. Shell International B.V. 15.3.17. Altivia 15.3.18. Borealis AG 15.3.19. Domo Chemicals 15.3.20. U.S. Chemical & Plastics. 16. Primary Key Insights

About This Report

Report ID 24979
Category Material & Chemical
Published Date JAN 2020
Updated Date Sept 2021
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