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Global Acetone Market to reach USD 7.01 billion by 2027.

Global Acetone Market Size study, by Application (Solvents, Methyl Methacrylate (MMA), Bisphenol A, and Other applications), Distribution Channel (Manufacturer to Distributor and Manufacturer to End-user), Grade (Technical Grade and Specialty Grade), and Regional Forecasts 2021-2027

Product Code: CAMCAC_77123264
Publish Date: 28-04-2021
Page: 200

Global Acetone Market is valued approximately USD 4.88 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.3 % over the forecast period 2021-2027. Acetone is an organic solvent that is volatile, colourless, and flammable. It readily evaporates, is combustible, and dissolves in water. Acetone is used in the production of textiles, medicines, plastic, and other compounds. Rising demand for bio-based solvents is a major factor driving the acetone market. Acetone is increasingly being used in the textile sector to degrease wool and degum silk fueling the market growth for acetone. Also, high demand of solvents in pharmaceuticals industry has led the adoption of Acetone across the forecast period. According to the European Biomass Industry Association, the overall bio-based share in Europe increased from 12% in 2008 to 15% in 2015 and increase in the bio-based share of the chemical industry from about 6% in 2008 to 7% in 2015. However, acetone flammability, low acute toxicity and acetone-related health concerns such as liver damage, vomiting, and blindness induced by exposure to acetone and high price of acetone hampers the growth of the market over the forecast period of 2021-2027. Also, rapidly growing use of acetone in personal care industry and use of sanitization products with acetone is likely to increase the market growth during the forecast period.

The global acetone market is segmented into main regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the rising demand for acetone in textile industries and cleaning products. Whereas, Asia-Pacific is also anticipated to exhibit the highest CAGR over the forecast period 2021-2027. Factors such as rising disposable income, increasing use of acetone in cosmetic industry and surging demand for paints & coatings would create lucrative growth prospects for the acetone market across Asia-Pacific region.

Major market player included in this report are:
INEOS Phenol GmbH
Mitsui Chemicals Inc
The Dow Chemical Company
SABIC
Prasol Chemicals Pvt Ltd.
Royal Dutch Shell PLC
CEPSA Quimica, S.A.
Thermo Fisher Scientific Inc
LyondellBasell Industries Inc.
Honeywell Research Chemicals

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application:
Solvents
Methyl Methacrylate (MMA)
Bisphenol A
Other applications
By Distribution Channel:
Manufacturer to Distributor
Manufacturer to End-user
By Grade:
Technical Grade
Specialty Grade
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Acetone Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Acetone Market, by Region, 2019-2027 (USD Billion)
1.2.2. Acetone Market, by Application, 2019-2027 (USD Billion)
1.2.3. Acetone Market, by Distribution Channel, 2019-2027 (USD Billion)
1.2.4. Acetone Market, by Grade, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Acetone Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Acetone Market Dynamics
3.1. Acetone Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. High demand of solvents in pharmaceuticals industry
3.1.1.2. Rising demand for bio-based solvents

3.1.2. Market Challenges
3.1.2.1. Acetone flammability and low acute toxicity
3.1.2.2. High price of acetone

3.1.3. Market Opportunities
3.1.3.1. Rapidly growing use of acetone in personal care industry
3.1.3.2. Use of sanitization products with acetone

Chapter 4. Global Acetone Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Acetone Market, by Application
5.1. Market Snapshot
5.2. Global Acetone Market by Application, Performance – Potential Analysis
5.3. Global Acetone Market Estimates & Forecasts by Application 2018-2027 (USD Billion)
5.4. Acetone Market, Sub Segment Analysis
5.4.1. Solvents
5.4.2. Methyl Methacrylate (MMA)
5.4.3. Bisphenol A
5.4.4. Other applications
Chapter 6. Global Acetone Market, by Distribution Channel
6.1. Market Snapshot
6.2. Global Acetone Market by Distribution Channel, Performance – Potential Analysis
6.3. Global Acetone Market Estimates & Forecasts by Distribution Channel 2018-2027 (USD Billion)
6.4. Acetone Market, Sub Segment Analysis
6.4.1. Manufacturer to Distributor
6.4.2. Manufacturer to End-user
Chapter 7. Global Acetone Market, by Grade
7.1. Market Snapshot
7.2. Global Acetone Market by Grade, Performance – Potential Analysis
7.3. Global Acetone Market Estimates & Forecasts by Grade 2018-2027 (USD Billion)
7.4. Acetone Market, Sub Segment Analysis
7.4.1. Technical Grade
7.4.2. Specialty Grade
Chapter 8. Global Acetone Market, Regional Analysis
8.1. Acetone Market, Regional Market Snapshot
8.2. North America Acetone Market
8.2.1. U.S. Acetone Market
8.2.1.1. Application breakdown estimates & forecasts, 2018-2027
8.2.1.2. Distribution Channel breakdown estimates & forecasts, 2018-2027
8.2.1.3. Grade breakdown estimates & forecasts, 2018-2027
8.2.2. Canada Acetone Market
8.3. Europe Acetone Market Snapshot
8.3.1. U.K. Acetone Market
8.3.2. Germany Acetone Market
8.3.3. France Acetone Market
8.3.4. Spain Acetone Market
8.3.5. Italy Acetone Market
8.3.6. Rest of Europe Acetone Market
8.4. Asia-Pacific Acetone Market Snapshot
8.4.1. China Acetone Market
8.4.2. India Acetone Market
8.4.3. Japan Acetone Market
8.4.4. Australia Acetone Market
8.4.5. South Korea Acetone Market
8.4.6. Rest of Asia Pacific Acetone Market
8.5. Latin America Acetone Market Snapshot
8.5.1. Brazil Acetone Market
8.5.2. Mexico Acetone Market
8.6. Rest of The World Acetone Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. INEOS Phenol GmbH
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Mitsui Chemicals Inc
9.2.3. The Dow Chemical Company
9.2.4. SABIC
9.2.5. Prasol Chemicals Pvt Ltd.
9.2.6. Royal Dutch Shell PLC
9.2.7. CEPSA Quimica, S.A.
9.2.8. Thermo Fisher Scientific Inc
9.2.9. LyondellBasell Industries Inc.
9.2.10. Honeywell Research Chemicals
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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