Global Acetone Market Size Study, by Grade (Technical Grade, Specialty Grade), by Application (Solvents, Methyl Methacrylate, Bisphenol A), by Distribution Channel (Manufacturer to Distributor, Manufacturer to End User), and Regional Forecasts 2022-2032

January 2025 | 285 pages | ID: GC17A8625965EN
Bizwit Research & Consulting LLP

Abstracts

The Global Acetone Market is projected to witness substantial growth, driven by its extensive applications in various end-use industries. Valued at USD 5980.41 million in 2023, the market is anticipated to grow at a CAGR of 8.1% from 2024 to 2032. The growing demand for acetone in manufacturing solvents, methyl methacrylate (MMA), and Bisphenol A (BPA) underscores its critical role in personal care, automotive, and industrial applications.

Acetone is a key aliphatic ketone produced predominantly as a byproduct of phenol production. It plays a vital role in the formulation of adhesives, varnishes, and thinners while also being a crucial intermediary in the production of PMMA and BPA. The expansion of end-use industries, particularly in Asia Pacific and North America, has significantly contributed to acetone’s market prominence.

In the personal care industry, acetone is extensively used in nail polish removers and skin treatment products. The automotive sector heavily relies on polycarbonate plastics derived from BPA, further driving acetone demand. Furthermore, advancements in production techniques and bio-based acetone have emerged as potential game-changers, promoting sustainability and cost efficiency.

Regionally, Asia Pacific leads the market due to its robust industrial base and high demand from the pharmaceutical, cosmetic, and automotive sectors. North America and Europe also showcase strong market trends, with increasing applications in the automotive and personal care industries. Meanwhile, Latin America and the Middle East & Africa are expected to grow steadily, supported by rising awareness and consumption in emerging markets.

Major market players included in this report are:

• INEOS
• Shell Plc
• Honeywell International Inc.
• Mitsui Chemicals, Inc.
• CEPSA Quimica, S.A.
• SABIC
• Arkema
• Solvay
• DOMO Chemicals
• Kumho P&B Chemicals
• LyondellBasell
• Dow Inc.
• Formosa Chemicals & Fibre Corporation
• Evonik Industries AG
• Asahi Kasei Corporation

The detailed segments and sub-segments of the market are explained below:

By Grade:

• Technical Grade
• Specialty Grade

By Application:

• Solvents
• Methyl Methacrylate
• Bisphenol A
• Other Applications

By Distribution Channel:

• Manufacturer to Distributor
• Manufacturer to End User

By Region:

• North America: U.S., Canada, Mexico
• Europe: Germany, France, Belgium, CIS Nations
• Asia Pacific: China, India, Japan, South Korea, Taiwan
• Latin America: Brazil, Argentina
• Middle East & Africa: Saudi Arabia, South Africa

Years considered for the study are as follows:

• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032

Key Takeaways:

• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of the geographical landscape with country-level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approaches.
• Demand-side and supply-side analysis of the market.

Contents

CHAPTER 1. GLOBAL ACETONE MARKET EXECUTIVE SUMMARY

1.1 Global Acetone Market Size & Forecast (2022-2032)
1.2 Regional Summary
1.3 Segmental Summary
  1.3.1 By Grade
  1.3.2 By Application
  1.3.3 By Distribution Channel
1.4 Key Trends
1.5 Recession Impact
1.6 Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL ACETONE MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1 Research Objective
2.2 Market Definition
2.3 Research Assumptions
  2.3.1 Inclusion & Exclusion
  2.3.2 Limitations
  2.3.3 Supply Side Analysis
    2.3.3.1 Availability
    2.3.3.2 Infrastructure
    2.3.3.3 Regulatory Environment
    2.3.3.4 Market Competition
    2.3.3.5 Economic Viability (Consumer Perspective)
  2.3.4 Demand Side Analysis
    2.3.4.1 Regulatory Frameworks
    2.3.4.2 Technological Advancements
    2.3.4.3 Environmental Considerations
    2.3.4.4 Consumer Awareness & Acceptance
2.4 Estimation Methodology
2.5 Years Considered for the Study
2.6 Currency Conversion Rates

CHAPTER 3. GLOBAL ACETONE MARKET DYNAMICS

3.1 Market Drivers
  3.1.1 Increasing demand from the pharmaceutical sector
  3.1.2 Growing applications in personal care and automotive industries
  3.1.3 Advancements in bio-based acetone production
3.2 Market Challenges
  3.2.1 Flammability concerns and health risks
  3.2.2 Competition from alternative chemicals
3.3 Market Opportunities
  3.3.1 Emerging demand in Asia Pacific
  3.3.2 Rising interest in eco-friendly solvents

CHAPTER 4. GLOBAL ACETONE MARKET INDUSTRY ANALYSIS

4.1 Porter’s 5 Force Model
4.2 PESTEL Analysis
4.3 Top investment opportunities
4.4 Industry expert perspective
4.5 Analyst recommendation & conclusion

CHAPTER 5. GLOBAL ACETONE MARKET SIZE & FORECASTS BY GRADE (2022-2032)

5.1 Segment Dashboard
5.2 Revenue Trend Analysis (USD Million/Billion)
  5.2.1 Technical Grade
  5.2.2 Specialty Grade

CHAPTER 6. GLOBAL ACETONE MARKET SIZE & FORECASTS BY APPLICATION (2022-2032)

6.1 Segment Dashboard
6.2 Revenue Trend Analysis (USD Million/Billion)
  6.2.1 Solvents
  6.2.2 Methyl Methacrylate
  6.2.3 Bisphenol A
  6.2.4 Other Applications

CHAPTER 7. GLOBAL ACETONE MARKET SIZE & FORECASTS BY DISTRIBUTION CHANNEL (2022-2032)

7.1 Segment Dashboard
7.2 Revenue Trend Analysis (USD Million/Billion)
  7.2.1 Manufacturer to Distributor
  7.2.2 Manufacturer to End User

CHAPTER 8. GLOBAL ACETONE MARKET SIZE & FORECASTS BY REGION (2022-2032)

8.1 North America: U.S., Canada, Mexico
8.2 Europe: Germany, France, Belgium, CIS Nations
8.3 Asia Pacific: China, India, Japan, South Korea, Taiwan
8.4 Latin America: Brazil, Argentina
8.5 Middle East & Africa: Saudi Arabia, South Africa

CHAPTER 9. COMPETITIVE INTELLIGENCE

9.1 Key Company SWOT Analysis
  9.1.1 INEOS
  9.1.2 Shell Plc
  9.1.3 Honeywell International Inc.
9.2 Top Market Strategies
9.3 Company Profiles

CHAPTER 10. RESEARCH PROCESS

10.1 Data Mining
10.2 Analysis
10.3 Market Estimation
10.4 Validation
10.5 Publishing

12. LIST OF TABLES

1. GLOBAL ACETONE MARKET, REPORT SCOPE

2. GLOBAL ACETONE MARKET ESTIMATES & FORECASTS BY REGION (2022-2032)

3. GLOBAL ACETONE MARKET ESTIMATES & FORECASTS BY GRADE (2022-2032)

4. GLOBAL ACETONE MARKET ESTIMATES & FORECASTS BY APPLICATION (2022-2032)

5. GLOBAL ACETONE MARKET ESTIMATES & FORECASTS BY DISTRIBUTION CHANNEL (2022-2032)

6. NORTH AMERICA ACETONE MARKET ESTIMATES & FORECASTS (2022-2032)

7. U.S. ACETONE MARKET ESTIMATES & FORECASTS BY APPLICATION (2022-2032)

8. EUROPE ACETONE MARKET ESTIMATES & FORECASTS (2022-2032)

9. GERMANY ACETONE MARKET ESTIMATES & FORECASTS BY APPLICATION (2022-2032)

10. ASIA PACIFIC ACETONE MARKET ESTIMATES & FORECASTS (2022-2032)

11. CHINA ACETONE MARKET ESTIMATES & FORECASTS BY APPLICATION (2022-2032)

12. LATIN AMERICA ACETONE MARKET ESTIMATES & FORECASTS (2022-2032)

13. BRAZIL ACETONE MARKET ESTIMATES & FORECASTS BY APPLICATION (2022-2032)

14. MIDDLE EAST & AFRICA ACETONE MARKET ESTIMATES & FORECASTS (2022-2032)

15. SAUDI ARABIA ACETONE MARKET ESTIMATES & FORECASTS BY GRADE (2022-2032)

16. GLOBAL TECHNICAL GRADE ACETONE MARKET, VOLUME & REVENUE TRENDS (2022-2032)

17. GLOBAL SPECIALTY GRADE ACETONE MARKET, VOLUME & REVENUE TRENDS (2022-2032)

18. GLOBAL ACETONE MARKET BY SOLVENT APPLICATION, ESTIMATES & FORECASTS (2022-2032)

19. GLOBAL ACETONE MARKET BY METHYL METHACRYLATE APPLICATION, ESTIMATES & FORECASTS (2022-2032)

20. GLOBAL ACETONE MARKET BY BISPHENOL A APPLICATION, ESTIMATES & FORECASTS (2022-2032)

This list is not complete; the final report contains more than 100 tables. The list may be updated in the final deliverable.

12. LIST OF FIGURES

1. GLOBAL ACETONE MARKET, RESEARCH METHODOLOGY

2. GLOBAL ACETONE MARKET, MARKET ESTIMATION TECHNIQUES

3. GLOBAL ACETONE MARKET SIZE ESTIMATES & FORECAST METHODS

4. GLOBAL ACETONE MARKET, KEY TRENDS 2023

5. GLOBAL ACETONE MARKET, GROWTH PROSPECTS 2022-2032

6. GLOBAL ACETONE MARKET, PORTER’S FIVE FORCE MODEL ANALYSIS

7. GLOBAL ACETONE MARKET, PESTEL ANALYSIS

8. GLOBAL ACETONE MARKET BY GRADE (2022-2032)

9. GLOBAL ACETONE MARKET BY APPLICATION (2022-2032)

10. GLOBAL ACETONE MARKET BY DISTRIBUTION CHANNEL (2022-2032)

11. NORTH AMERICA ACETONE MARKET BY APPLICATION (2022-2032)

12. ASIA PACIFIC ACETONE MARKET BY APPLICATION (2022-2032)

13. EUROPE ACETONE MARKET BY APPLICATION (2022-2032)

14. LATIN AMERICA ACETONE MARKET BY APPLICATION (2022-2032)

15. MIDDLE EAST & AFRICA ACETONE MARKET BY GRADE (2022-2032)

16. GLOBAL ACETONE MARKET, REGIONAL SNAPSHOT (2022 & 2032)

17. GLOBAL ACETONE MARKET COMPETITIVE LANDSCAPE, REVENUE SHARES (2023)

18. ACETONE MARKET SUPPLY CHAIN ANALYSIS

19. ACETONE MARKET VALUE CHAIN ANALYSIS

20. GLOBAL ACETONE MARKET BY VOLUME, TRENDS & FORECASTS (2022-2032)

This list is not complete; the final report contains more than 50 figures. The list may be updated in the final deliverable.