Acetone Market Report: Trends, Forecast and Competitive Analysis to 2030

Acetone Market Report: Trends, Forecast and Competitive Analysis to 2030

Acetone Trends and Forecast

The future of the global acetone market looks promising with opportunities in the solvent, methyl methacrylate, and bisphenol A markets. The global acetone market is expected to grow with a CAGR of 7.8% from 2024 to 2030. The major drivers for this market are increasing utilization of acetone in the production of personal care products, rising demand for acetone-based paints, coatings, and adhesives in the automotive industry, and growing utilization of acetone as a solvent, feedstock, and intermediate in various chemical processes.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Acetone by Segment

The study includes a forecast for the global acetone by grade, application, and region.

Acetone Market by Grade [Shipment Analysis by Value from 2018 to 2030]:

• Technical Grade
• Specialty Grade

Acetone Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Solvents
• Methyl Methacrylate
• Bisphenol A
• Others

Acetone Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Acetone Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies acetone companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the acetone companies profiled in this report include-

• INEOS
• Shell
• Honeywell
• Mitsui Chemicals
• CEPSA Quimica
• SABIC
• Arkema
• Solvay
• DOMO Chemicals
• Kumho P&B Chemicals

Acetone Market Insights

Lucintel forecasts that technical grade will remain larger segment over the forecast period due to the increase in the usage of technological items in the synthesis of MMA and BPA.

Within this market, solvent will remain the largest segment due to increased demand for acetone as a crucial component in making hand sanitizer and as an excipient in drugs.

APAC will remain the largest region over the forecast period due to increase in the product's demand from a number of end-user sectors, including the pharmaceutical, cosmetics, and personal care and automobile industries, as well as from nations like China, India, and Japan.

Features of the Global Acetone Market

Market Size Estimates: Acetone market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Acetone market size by grade, application, and region in terms of value ($B).

Regional Analysis: Acetone market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different grade, application, and regions for the acetone market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the acetone market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the growth forecast for acetone market?

Answer: The global acetone market is expected to grow with a CAGR of 7.8% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the acetone market?

Answer: The major drivers for this market are increasing utilization of acetone in the production of personal care products, rising demand for acetone-based paints, coatings, and adhesives in the automotive industry, and growing utilization of acetone as a solvent, feedstock, and intermediate in various chemical processes.

Q3. What are the major segments for acetone market?

Answer: The future of the global acetone market looks promising with opportunities in the solvent, methyl methacrylate, and bisphenol A markets.

Q4. Who are the key acetone market companies?

Answer: Some of the key acetone companies are as follows:

• INEOS
• Shell
• Honeywell
• Mitsui Chemicals
• CEPSA Quimica
• SABIC
• Arkema
• Solvay
• DOMO Chemicals
• Kumho P&B Chemicals

Q5. Which acetone market segment will be the largest in future?

Answer: Lucintel forecasts that technical grade will remain larger segment over the forecast period due to the increase in the usage of technological items in the synthesis of MMA and BPA.

Q6. In acetone market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to increase in the product's demand from a number of end-user sectors, including the pharmaceutical, cosmetics, and personal care and automobile industries, as well as from nations like China, India, and Japan.

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the acetone market by grade (technical grade and specialty grade), application (solvents, methyl methacrylate, bisphenol A, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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