Acetone Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Acetone Market
The acetone market size was valued at USD 3962.0 million in 2019, and the market is now projected to grow USD 4995.3 million in 2027 exhibiting a CAGR of 3.7% during the forecast period of 2020-2027.
The COVID-19 pandemic has consequences on the chemical industry through the supply chain and on demand on the international level. Covid19 has worsened the situation due to government measures that put restrictions on movement and the state of manufacturing activities as well as health risks concerning the workforce. The global producer of dimethyl ketone, China, reported steep hikes in its prices, with the average price more than tripling since April. These have however put more pressure on the chemical market during the pandemic.
The derivatives of dimethyl ketone methyl methacrylate (MMA) and bisphenol A plays an important role in the industrial field. The increasing use of MMA in the production of acrylic plastics especially PMMA employed in construction and structures is projected to fuel acetone consumption. Fiberglass and glass are no longer the only required material in construction since the use of acrylic glasses and translucent sheeting. This trend will probably promote the future demand for Mixed Martial Arts and paraphernalia.
The increases demand for chemical from various industries and petrochemicals has been observed propelling the market. Changes in consumer life style to healthier options are putting pressure on cosmetics and personal care makers to produce environment friendly products. Chemical manufacturers – Green Chemistry and sustainable processes green chemistry is a burgeoning area of chemical manufacture that seeks to employ processes that are least damaging to the environment. One such product is renewable DMK, which is a natural and non-toxic product which minimizes the use of toxic chemicals.
Comprehensive Analysis of Acetone Market
The acetone market growth is rising at an exponential rate due to its market segmentation. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by application analysis and by end-use analysis. By application analysis includes solvent, bisphenol A (BPA), methyl methacrylate (MMA), and others. By end-use analysis includes paints & coatings, plastic, automotive, adhesives, pharmaceuticals, cosmetics, electrical & electronics, and others.
The Asia Pacific region lead the acetone market share by benefitting a market size of USD 1739.2 million in 2019 due to easy availability of raw materials and lower labor cost.
The top players in the markets have a central responsibility in the chemicals & advanced materials industry to be sure of industrial prospectus development and to establish the market norms. These players include, LyondellBasell Industries Holdings B.V., INEOS, Altivia, Royal Dutch Shell Co., Honeywell International Inc, Mitsui & Co., Ltd., SABIC, KUMHO P&B CHEMICALS., INC., Cepsa, Formosa Chemicals & Fibre Corp., Borealis AG, PTT Phenol Company Limited, Prasol Chemicals Pvt. Ltd., Chang Chun Group these market players provide a level-playing competitive landscape.
In March 2020, Honeywell announced that Lotte GS Chemical Corp. would use Honeywell UOP Q-Max, Phenol 3G, and Evonik MSHP technologies to produce over 565,000 metric tons of phenol and acetone annually at its Yeosu, Korea facility.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Value (USD Million) and Volume (Kilo Tons)
Segmentation Application; End-use; and Geography
By Application
Solvent
Bisphenol A (BPA)
Methyl Methacrylate (MMA)
Others
By End-use
Paints & Coatings
Plastic
Automotive
Adhesives
Pharmaceuticals
Cosmetics
Electrical & Electronics
Others
By Geography
North America
By Application
By End-use
By Country
United States
By End-use
Canada
By End-use
Europe
By Application
By End-use
By Country
Germany
By End-use
UK
By End-use
France
By End-use
Italy
By End-use
Spain
By End-use
Russia & CIS
By End-use
Rest of Europe
By End-use
Asia Pacific
By Application
By End-use
By Country
China
By End-use
Japan
By End-use
India
By End-use
South Korea
By End-use
ASEAN
By End-use
Rest of Asia Pacific
By End-use
Latin America
By Application
By End-use
By Country
Brazil
By End-use
Mexico
By End-use
Rest of Latin America
By End-use
Middle East & Africa
By Application
By End-use
By Country
GCC
By End-use
South Africa
By End-use
Rest of Middle East & Africa
By End-use
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Emerging Trends
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Industry SWOT Analysis
- 4.3. Regulatory Analysis
- 4.4. Recent Industry Developments - Policies, Partnerships, New Application Launches, and Mergers & Acquisitions
- 5. Qualitative Insights – Impact of COVID-19 on Global Acetone Market
- 5.1. Supply Chain Challenges
- 5.2. Steps taken by Government/Companies to overcome this impact
- 5.3. Potential opportunities due to COVID-19 outbreak
- 6. Global Acetone Market Analysis, Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Application (Volume/Value)
- 6.2.1.1. Solvent
- 6.2.1.2. Bisphenol A (BPA)
- 6.2.1.3. Methyl Methacrylate (MMA)
- 6.2.1.4. Others
- 6.2.2. By End-use (Volume/Value)
- 6.2.2.1. Paints & Coatings
- 6.2.2.2. Plastic
- 6.2.2.3. Automotive
- 6.2.2.4. Adhesives
- 6.2.2.5. Pharmaceuticals
- 6.2.2.6. Cosmetics
- 6.2.2.7. Electrical & Electronics
- 6.2.2.8. Others
- 6.2.3. By Region (Volume/Value)
- 6.2.3.1. North America
- 6.2.3.2. Europe
- 6.2.3.3. Asia Pacific
- 6.2.3.4. Latin America
- 6.2.3.5. Middle East & Africa
- 7. North America Acetone Market Analysis, Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Application (Volume/Value)
- 7.2.1.1. Solvent
- 7.2.1.2. Bisphenol A (BPA)
- 7.2.1.3. Methyl Methacrylate (MMA)
- 7.2.1.4. Others
- 7.2.2. By End-use (Volume/Value)
- 7.2.2.1. Paints & Coatings
- 7.2.2.2. Plastic
- 7.2.2.3. Automotive
- 7.2.2.4. Adhesives
- 7.2.2.5. Pharmaceuticals
- 7.2.2.6. Cosmetics
- 7.2.2.7. Electrical & Electronics
- 7.2.2.8. Others
- 7.2.3. By Country (Volume/Value)
- 7.2.3.1. U.S.
- 7.2.3.1.1. By End-use (Volume/Value)
- 7.2.3.1.1.1. Paints & Coatings
- 7.2.3.1.1.2. Plastic
- 7.2.3.1.1.3. Automotive
- 7.2.3.1.1.4. Adhesives
- 7.2.3.1.1.5. Pharmaceuticals
- 7.2.3.1.1.6. Cosmetics
- 7.2.3.1.1.7. Electrical & Electronics
- 7.2.3.1.1.8. Others
- 7.2.3.2. Canada
- 7.2.3.2.1. By End-use (Volume/Value)
- 7.2.3.2.1.1. Paints & Coatings
- 7.2.3.2.1.2. Plastic
- 7.2.3.2.1.3. Automotive
- 7.2.3.2.1.4. Adhesives
- 7.2.3.2.1.5. Pharmaceuticals
- 7.2.3.2.1.6. Cosmetics
- 7.2.3.2.1.7. Electrical & Electronics
- 7.2.3.2.1.8. Others
- 8. Europe Acetone Market Analysis, Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Application (Volume/Value)
- 8.2.1.1. Solvent
- 8.2.1.2. Bisphenol A (BPA)
- 8.2.1.3. Methyl Methacrylate (MMA)
- 8.2.1.4. Others
- 8.2.2. By End-use (Volume/Value)
- 8.2.2.1. Paints & Coatings
- 8.2.2.2. Plastic
- 8.2.2.3. Automotive
- 8.2.2.4. Adhesives
- 8.2.2.5. Pharmaceuticals
- 8.2.2.6. Cosmetics
- 8.2.2.7. Electrical & Electronics
- 8.2.2.8. Others
- 8.2.3. By Country (Volume/Value)
- 8.2.3.1. Germany
- 8.2.3.1.1. By End-use (Volume/Value)
- 8.2.3.1.1.1. Paints & Coatings
- 8.2.3.1.1.2. Plastic
- 8.2.3.1.1.3. Automotive
- 8.2.3.1.1.4. Adhesives
- 8.2.3.1.1.5. Pharmaceuticals
- 8.2.3.1.1.6. Cosmetics
- 8.2.3.1.1.7. Electrical & Electronics
- 8.2.3.1.1.8. Others
- 8.2.3.2. UK
- 8.2.3.2.1. By End-use (Volume/Value)
- 8.2.3.2.1.1. Paints & Coatings
- 8.2.3.2.1.2. Plastic
- 8.2.3.2.1.3. Automotive
- 8.2.3.2.1.4. Adhesives
- 8.2.3.2.1.5. Pharmaceuticals
- 8.2.3.2.1.6. Cosmetics
- 8.2.3.2.1.7. Electrical & Electronics
- 8.2.3.2.1.8. Others
- 8.2.3.3. France
- 8.2.3.3.1. By End-use (Volume/Value)
- 8.2.3.3.1.1. Paints & Coatings
- 8.2.3.3.1.2. Plastic
- 8.2.3.3.1.3. Automotive
- 8.2.3.3.1.4. Adhesives
- 8.2.3.3.1.5. Pharmaceuticals
- 8.2.3.3.1.6. Cosmetics
- 8.2.3.3.1.7. Electrical & Electronics
- 8.2.3.3.1.8. Others
- 8.2.3.4. Italy
- 8.2.3.4.1. By End-use (Volume/Value)
- 8.2.3.4.1.1. Paints & Coatings
- 8.2.3.4.1.2. Plastic
- 8.2.3.4.1.3. Automotive
- 8.2.3.4.1.4. Adhesives
- 8.2.3.4.1.5. Pharmaceuticals
- 8.2.3.4.1.6. Cosmetics
- 8.2.3.4.1.7. Electrical & Electronics
- 8.2.3.4.1.8. Others
- 8.2.3.5. Spain
- 8.2.3.5.1. By End-use (Volume/Value)
- 8.2.3.5.1.1. Paints & Coatings
- 8.2.3.5.1.2. Plastic
- 8.2.3.5.1.3. Automotive
- 8.2.3.5.1.4. Adhesives
- 8.2.3.5.1.5. Pharmaceuticals
- 8.2.3.5.1.6. Cosmetics
- 8.2.3.5.1.7. Electrical & Electronics
- 8.2.3.5.1.8. Others
- 8.2.3.6. Russia & CIS
- 8.2.3.6.1. By End-use (Volume/Value)
- 8.2.3.6.1.1. Paints & Coatings
- 8.2.3.6.1.2. Plastic
- 8.2.3.6.1.3. Automotive
- 8.2.3.6.1.4. Adhesives
- 8.2.3.6.1.5. Pharmaceuticals
- 8.2.3.6.1.6. Cosmetics
- 8.2.3.6.1.7. Electrical & Electronics
- 8.2.3.6.1.8. Others
- 8.2.3.7. Rest of Europe
- 8.2.3.7.1. By End-use (Volume/Value)
- 8.2.3.7.1.1. Paints & Coatings
- 8.2.3.7.1.2. Plastic
- 8.2.3.7.1.3. Automotive
- 8.2.3.7.1.4. Adhesives
- 8.2.3.7.1.5. Pharmaceuticals
- 8.2.3.7.1.6. Cosmetics
- 8.2.3.7.1.7. Electrical & Electronics
- 8.2.3.7.1.8. Others
- 9. Asia-Pacific Acetone Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Application (Volume/Value)
- 9.2.1.1. Solvent
- 9.2.1.2. Bisphenol A (BPA)
- 9.2.1.3. Methyl Methacrylate (MMA)
- 9.2.1.4. Others
- 9.2.2. By End-use (Volume/Value)
- 9.2.2.1. Paints & Coatings
- 9.2.2.2. Plastic
- 9.2.2.3. Automotive
- 9.2.2.4. Adhesives
- 9.2.2.5. Pharmaceuticals
- 9.2.2.6. Cosmetics
- 9.2.2.7. Electrical & Electronics
- 9.2.2.8. Others
- 9.2.3. By Country (Volume/Value)
- 9.2.3.1. China
- 9.2.3.1.1. By End-use (Volume/Value)
- 9.2.3.1.1.1. Paints & Coatings
- 9.2.3.1.1.2. Plastic
- 9.2.3.1.1.3. Automotive
- 9.2.3.1.1.4. Adhesives
- 9.2.3.1.1.5. Pharmaceuticals
- 9.2.3.1.1.6. Cosmetics
- 9.2.3.1.1.7. Electrical & Electronics
- 9.2.3.1.1.8. Others
- 9.2.3.2. Japan
- 9.2.3.2.1. By End-use (Volume/Value)
- 9.2.3.2.1.1. Paints & Coatings
- 9.2.3.2.1.2. Plastic
- 9.2.3.2.1.3. Automotive
- 9.2.3.2.1.4. Adhesives
- 9.2.3.2.1.5. Pharmaceuticals
- 9.2.3.2.1.6. Cosmetics
- 9.2.3.2.1.7. Electrical & Electronics
- 9.2.3.2.1.8. Others
- 9.2.3.3. India
- 9.2.3.3.1. By End-use (Volume/Value)
- 9.2.3.3.1.1. Paints & Coatings
- 9.2.3.3.1.2. Plastic
- 9.2.3.3.1.3. Automotive
- 9.2.3.3.1.4. Adhesives
- 9.2.3.3.1.5. Pharmaceuticals
- 9.2.3.3.1.6. Cosmetics
- 9.2.3.3.1.7. Electrical & Electronics
- 9.2.3.3.1.8. Others
- 9.2.3.4. South Korea
- 9.2.3.4.1. By End-use (Volume/Value)
- 9.2.3.4.1.1. Paints & Coatings
- 9.2.3.4.1.2. Plastic
- 9.2.3.4.1.3. Automotive
- 9.2.3.4.1.4. Adhesives
- 9.2.3.4.1.5. Pharmaceuticals
- 9.2.3.4.1.6. Cosmetics
- 9.2.3.4.1.7. Electrical & Electronics
- 9.2.3.4.1.8. Others
- 9.2.3.5. ASEAN
- 9.2.3.5.1. By End-use (Volume/Value)
- 9.2.3.5.1.1. Paints & Coatings
- 9.2.3.5.1.2. Plastic
- 9.2.3.5.1.3. Automotive
- 9.2.3.5.1.4. Adhesives
- 9.2.3.5.1.5. Pharmaceuticals
- 9.2.3.5.1.6. Cosmetics
- 9.2.3.5.1.7. Electrical & Electronics
- 9.2.3.5.1.8. Others
- 9.2.3.6. Rest of Asia Pacific
- 9.2.3.6.1. By End-use (Volume/Value)
- 9.2.3.6.1.1. Paints & Coatings
- 9.2.3.6.1.2. Plastic
- 9.2.3.6.1.3. Automotive
- 9.2.3.6.1.4. Adhesives
- 9.2.3.6.1.5. Pharmaceuticals
- 9.2.3.6.1.6. Cosmetics
- 9.2.3.6.1.7. Electrical & Electronics
- 9.2.3.6.1.8. Others
- 10. Latin America Acetone Market Analysis, Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Application (Volume/Value)
- 10.2.1.1. Solvent
- 10.2.1.2. Bisphenol A (BPA)
- 10.2.1.3. Methyl Methacrylate (MMA)
- 10.2.1.4. Others
- 10.2.2. By End-use (Volume/Value)
- 10.2.2.1. Industrial
- 10.2.2.2. Commercial
- 10.2.2.3. Residential
- 10.2.3. By Country (Volume/Value)
- 10.2.3.1. Brazil
- 10.2.3.1.1. By End-use (Volume/Value)
- 10.2.3.1.1.1. Paints & Coatings
- 10.2.3.1.1.2. Plastic
- 10.2.3.1.1.3. Automotive
- 10.2.3.1.1.4. Adhesives
- 10.2.3.1.1.5. Pharmaceuticals
- 10.2.3.1.1.6. Cosmetics
- 10.2.3.1.1.7. Electrical & Electronics
- 10.2.3.1.1.8. Others
- 10.2.3.2. Mexico
- 10.2.3.2.1. By End-use (Volume/Value)
- 10.2.3.2.1.1. Paints & Coatings
- 10.2.3.2.1.2. Plastic
- 10.2.3.2.1.3. Automotive
- 10.2.3.2.1.4. Adhesives
- 10.2.3.2.1.5. Pharmaceuticals
- 10.2.3.2.1.6. Cosmetics
- 10.2.3.2.1.7. Electrical & Electronics
- 10.2.3.2.1.8. Others
- 10.2.3.3. Rest of Latin America
- 10.2.3.3.1. By End-use (Volume/Value)
- 10.2.3.3.1.1. Paints & Coatings
- 10.2.3.3.1.2. Plastic
- 10.2.3.3.1.3. Automotive
- 10.2.3.3.1.4. Adhesives
- 10.2.3.3.1.5. Pharmaceuticals
- 10.2.3.3.1.6. Cosmetics
- 10.2.3.3.1.7. Electrical & Electronics
- 10.2.3.3.1.8. Others
- 11. Middle East & Africa Acetone Market Analysis, Insights and Forecast, 2016-2027
- 11.1. Key Findings / Summary
- 11.2. Market Size Estimates and Forecast
- 11.2.1. By Application (Volume/Value)
- 11.2.1.1. Solvent
- 11.2.1.2. Bisphenol A (BPA)
- 11.2.1.3. Methyl Methacrylate (MMA)
- 11.2.1.4. Others
- 11.2.2. By End-use (Volume/Value)
- 11.2.2.1. Industrial
- 11.2.2.2. Commercial
- 11.2.2.3. Residential
- 11.2.3. By Country (Volume/Value)
- 11.2.3.1. GCC
- 11.2.3.1.1. By End-use (Volume/Value)
- 11.2.3.1.1.1. Paints & Coatings
- 11.2.3.1.1.2. Plastic
- 11.2.3.1.1.3. Automotive
- 11.2.3.1.1.4. Adhesives
- 11.2.3.1.1.5. Pharmaceuticals
- 11.2.3.1.1.6. Cosmetics
- 11.2.3.1.1.7. Electrical & Electronics
- 11.2.3.1.1.8. Others
- 11.2.3.2. South Africa
- 11.2.3.2.1. By End-use (Volume/Value)
- 11.2.3.2.1.1. Paints & Coatings
- 11.2.3.2.1.2. Plastic
- 11.2.3.2.1.3. Automotive
- 11.2.3.2.1.4. Adhesives
- 11.2.3.2.1.5. Pharmaceuticals
- 11.2.3.2.1.6. Cosmetics
- 11.2.3.2.1.7. Electrical & Electronics
- 11.2.3.2.1.8. Others
- 11.2.3.3. Rest of Middle East & Africa
- 11.2.3.3.1. By End-use (Volume/Value)
- 11.2.3.3.1.1. Paints & Coatings
- 11.2.3.3.1.2. Plastic
- 11.2.3.3.1.3. Automotive
- 11.2.3.3.1.4. Adhesives
- 11.2.3.3.1.5. Pharmaceuticals
- 11.2.3.3.1.6. Cosmetics
- 11.2.3.3.1.7. Electrical & Electronics
- 11.2.3.3.1.8. Others
- 12. Competitive Analysis
- 12.1. Business Strategies Adopted by Leading Players
- 12.2. Global Acetone Market Revenue Share/Ranking Analysis, By Key Manufacturer
- 13. Company Profiles
- 13.1. LyondellBasell Industries Holdings B.V. (Rotterdam, Netherlands)
- 13.1.1. Overview
- 13.1.2. Description
- 13.1.3. Application Portfolio
- 13.1.4. Financials (As per Availaibity)
- 13.1.5. Recent Developments
- 13.2. INEOS (London, UK)
- 13.2.1. Overview
- 13.2.2. Description
- 13.2.3. Application Portfolio
- 13.2.4. Financials (As per Availaibity)
- 13.2.5. Recent Developments
- 13.3. Altivia (Texas, U.S)
- 13.3.1. Overview
- 13.3.2. Description
- 13.3.3. Application Portfolio
- 13.3.4. Financials (As per Availaibity)
- 13.3.5. Recent Developments
- 13.4. Royal Dutch Shell Co. (The Hague, Netherlands)
- 13.4.1. Overview
- 13.4.2. Description
- 13.4.3. Application Portfolio
- 13.4.4. Financials (As per Availaibity)
- 13.4.5. Recent Developments
- 13.5. Honeywell International Inc (North Carolina, U.S)
- 13.5.1. Overview
- 13.5.2. Description
- 13.5.3. Application Portfolio
- 13.5.4. Financials (As per Availaibity)
- 13.5.5. Recent Developments
- 13.6. Mitsui & Co., Ltd. (Tokyo, Japan)
- 13.6.1. Overview
- 13.6.2. Description
- 13.6.3. Application Portfolio
- 13.6.4. Financials (As per Availaibity)
- 13.6.5. Recent Developments
- 13.7. SABIC (Riyadh, Saudi Arabia)
- 13.7.1. Overview
- 13.7.2. Description
- 13.7.3. Application Portfolio
- 13.7.4. Financials (As per Availaibity)
- 13.7.5. Recent Developments
- 13.8. KUMHO P&B CHEMICALS.,INC. (Seoul, Korea)
- 13.8.1. Overview
- 13.8.2. Description
- 13.8.3. Application Portfolio
- 13.8.4. Financials (As per Availaibity)
- 13.8.5. Recent Developments
- 13.9. Cepsa (Madrid, Spain)
- 13.9.1. Overview
- 13.9.2. Description
- 13.9.3. Application Portfolio
- 13.9.4. Financials (As per Availaibity)
- 13.9.5. Recent Developments
- 13.10. Formosa Chemicals & Fibre Corp. (Changhua, Taiwan)
- 13.10.1. Overview
- 13.10.2. Description
- 13.10.3. Application Portfolio
- 13.10.4. Financials (As per Availaibity)
- 13.10.5. Recent Developments
- 13.11. Borealis AG (Vienna, Austria)
- 13.11.1. Overview
- 13.11.2. Description
- 13.11.3. Application Portfolio
- 13.11.4. Financials (As per Availaibity)
- 13.11.5. Recent Developments
- 13.12. PTT Phenol Company Limited. (Bangkok, Thailand)
- 13.12.1. Overview
- 13.12.2. Description
- 13.12.3. Application Portfolio
- 13.12.4. Financials (As per Availaibity)
- 13.12.5. Recent Developments
- 13.13. Prasol Chemicals Pvt. Ltd. (Navi Mumbai, India)
- 13.13.1. Overview
- 13.13.2. Description
- 13.13.3. Application Portfolio
- 13.13.4. Financials (As per Availaibity)
- 13.13.5. Recent Developments
- 13.14. Chang Chun Group (Taipei, Taiwan)
- 13.14.1. Overview
- 13.14.2. Description
- 13.14.3. Application Portfolio
- 13.14.4. Financials (As per Availaibity)
- 13.14.5. Recent Developments
- 13.15. Other Key Players
- 13.15.1. Overview
- 13.15.2. Description
- 13.15.3. Application Portfolio
- 13.15.4. Financials (As per Availaibity)
- 13.15.5. Recent Developments
- 14. Appendix
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