Acetone Market

Acetone Market by Applications (Bisphenol A, Methyl Methacrylate, Solvents, Methyl Isobutyl Ketone, and Other Applications), End-user Industries (Electronics, Cosmetics and Personal Care, Automotive, Paints, Pharmaceutical, Coatings and Adhesives, Textile Industry, and Other End-user Industries), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: MC-2226
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 186
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The global acetone market size is projected to register a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing demand for acetone derived polycarbonate from the automobile industry.


Acetone Market key takeaways

Acetone is part of aliphatic ketones class. The development of acetone includes reaction of benzene alkylate with propylene that produces cumenes, which is then oxidized with the help of air to create acetone and phenol as a by-product. Generally, phenol plants are integrated with acetone. It is used as solvents for oils, fats, waxes, rubber, resins, plastics, varnishes, lacquers, and rubber cement. Moreover, it is also used as an intermediate in the production of methyl methacrylate, bisphenol A, and methyl isobutyl ketone.

Acetone is a colorless, odourless, and volatile liquid with sweet odour. Acetone occurs naturally in the environment. It is also found in body but in less amount. The body produces acetone when it burns fat for energy instead of glucose. Exposure to acetone leads to nose, skin or eye irritation and the swallowing can lead to series poisoning.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising demand for methyl methacrylate and bisphenol-A from various end-user industries is expected to drive the market growth.
  • Increasing demand for acetone-based food grade bottles can spur the market growth in the projected timeline.
  • Growing use of acrylic glass fiber in the construction industry is estimated to fuel the market growth during the forecast period.
  • Inhalation and consumption of acetone may lead to skin irritation in workers, which can inhibit the market growth.
  • High flammability and acute toxicity can restrict the market development.
  • Growing demand for acetone in the pharmaceutical industry can create lucrative opportunity for market players.

Scope of the Report

The report on the global acetone market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Acetone Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Applications (Bisphenol A, Methyl Methacrylate, Solvents, Methyl Isobutyl Ketone, and Other Applications), End-user Industry (Electronics, Cosmetics and Personal Care, Automotive, Paints, Pharmaceutical, Coatings and Adhesives, Textile Industry, and Other End-user Industries)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Borealis AG; Formosa Chemicals and Fibre Corporation; Mitsui Chemicals, Inc.; Royal Dutch Shell plc; and INEOS

 

Acetone Market Segment Insights

Solvents segment is expected to grow at a rapid pace

Based on applications, the acetone market is divided into bisphenol A, methyl methacrylate, solvents, methyl isobutyl ketone, and other applications. The solvent segment is expected to grow at a rapid pace during the forecast period. Increasing demand for solvents from various industries such as pharmaceuticals, refining, petrochemicals, construction, glass, paints & coating, personal care, and cosmetics is anticipated to drive the growth of the market segment.


Acetone Market by Applications

Paints segment is projected to expand at a considerable CAGR

On the basis of end user industries, the market is segregated into electronics, cosmetics and personal care, automotive, paints, pharmaceutical, coatings and adhesives, textile industry, and other end-user industries. The paints segment is projected to expand at a considerable CAGR during the forecast period. Acetone-based paints dry ten times faster than normal paints. Thus, growing awareness about its benefits is expected to foster the growth of the segment.

Asia Pacific is anticipated to constitute a key market share

In terms of regions, the acetone market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the projected period. The growth of the market in the region is attributed to easy availability of raw materials and cheap labor in countries such as India and China. Increasing disposable income leads costumers to spend more on cosmetic and skin care products, propelling the growth of the market in Asia Pacific.


Acetone Market by Regions

Segments

Segments Covered in the Report
The acetone market has been segmented on the basis of

Applications

  • Bisphenol A
  • Methyl Methacrylate
  • Solvents
  • Methyl Isobutyl Ketone
  • Other Applications

End-user Industries

  • Electronics
  • Cosmetics and Personal Care
  • Automotive
  • Paints
  • Pharmaceutical
  • Coatings and Adhesives
  • Textile Industry
  • Other End-user Industries

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Borealis AG
  • Formosa Chemicals and Fibre Corporation
  • Mitsui Chemicals, Inc.
  • Royal Dutch Shell plc
  • INEOS

Competitive Landscape

Key players competing in the acetone market are Borealis AG; Formosa Chemicals and Fibre Corporation; Mitsui Chemicals, Inc.; Royal Dutch Shell plc; and INEOS.

Some of major players are focusing on the development of highly advanced bio-based acetone while others are striving to set up plants near raw material sources.

Acetone Market by key players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Acetone Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Acetone Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Acetone Market - Supply Chain
  4.5. Global Acetone Market Forecast
     4.5.1. Acetone Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Acetone Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Acetone Market Absolute $ Opportunity
5. Global Acetone Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Acetone Market Size and Volume Forecast by Applications
     5.3.1. Bisphenol A
     5.3.2. Methyl Methacrylate
     5.3.3. Solvents
     5.3.4. Methyl Isobutyl Ketone
     5.3.5. Other Applications
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Acetone Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Acetone Market Size and Volume Forecast by End Users
     6.3.1. Electronics
     6.3.2. Cosmetics and Personal Care
     6.3.3. Automotive
     6.3.4. Paints
     6.3.5. Pharmaceutical
     6.3.6. Coatings and Adhesives
     6.3.7. Textile Industry
     6.3.8. Other End-user Indust
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Acetone Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Acetone Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Acetone Demand Share Forecast, 2019-2026
8. North America Acetone Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Acetone Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Acetone Market Size and Volume Forecast by Applications
     8.4.1. Bisphenol A
     8.4.2. Methyl Methacrylate
     8.4.3. Solvents
     8.4.4. Methyl Isobutyl Ketone
     8.4.5. Other Applications
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. North America Acetone Market Size and Volume Forecast by End Users
     8.7.1. Electronics
     8.7.2. Cosmetics and Personal Care
     8.7.3. Automotive
     8.7.4. Paints
     8.7.5. Pharmaceutical
     8.7.6. Coatings and Adhesives
     8.7.7. Textile Industry
     8.7.8. Other End-user Indust
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Acetone Demand Share Forecast, 2019-2026
9. Latin America Acetone Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Acetone Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Acetone Market Size and Volume Forecast by Applications
     9.4.1. Bisphenol A
     9.4.2. Methyl Methacrylate
     9.4.3. Solvents
     9.4.4. Methyl Isobutyl Ketone
     9.4.5. Other Applications
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Latin America Acetone Market Size and Volume Forecast by End Users
     9.7.1. Electronics
     9.7.2. Cosmetics and Personal Care
     9.7.3. Automotive
     9.7.4. Paints
     9.7.5. Pharmaceutical
     9.7.6. Coatings and Adhesives
     9.7.7. Textile Industry
     9.7.8. Other End-user Indust
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Acetone Demand Share Forecast, 2019-2026
10. Europe Acetone Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Acetone Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Acetone Market Size and Volume Forecast by Applications
     10.4.1. Bisphenol A
     10.4.2. Methyl Methacrylate
     10.4.3. Solvents
     10.4.4. Methyl Isobutyl Ketone
     10.4.5. Other Applications
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Europe Acetone Market Size and Volume Forecast by End Users
     10.7.1. Electronics
     10.7.2. Cosmetics and Personal Care
     10.7.3. Automotive
     10.7.4. Paints
     10.7.5. Pharmaceutical
     10.7.6. Coatings and Adhesives
     10.7.7. Textile Industry
     10.7.8. Other End-user Indust
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Acetone Demand Share Forecast, 2019-2026
11. Asia Pacific Acetone Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Acetone Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Acetone Market Size and Volume Forecast by Applications
     11.4.1. Bisphenol A
     11.4.2. Methyl Methacrylate
     11.4.3. Solvents
     11.4.4. Methyl Isobutyl Ketone
     11.4.5. Other Applications
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Asia Pacific Acetone Market Size and Volume Forecast by End Users
     11.7.1. Electronics
     11.7.2. Cosmetics and Personal Care
     11.7.3. Automotive
     11.7.4. Paints
     11.7.5. Pharmaceutical
     11.7.6. Coatings and Adhesives
     11.7.7. Textile Industry
     11.7.8. Other End-user Indust
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Acetone Demand Share Forecast, 2019-2026
12. Middle East & Africa Acetone Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Acetone Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Acetone Market Size and Volume Forecast by Applications
     12.4.1. Bisphenol A
     12.4.2. Methyl Methacrylate
     12.4.3. Solvents
     12.4.4. Methyl Isobutyl Ketone
     12.4.5. Other Applications
  12.5. Basis Point Share (BPS) Analysis by Applications
  12.6. Y-o-Y Growth Projections by Applications
  12.7. Middle East & Africa Acetone Market Size and Volume Forecast by End Users
     12.7.1. Electronics
     12.7.2. Cosmetics and Personal Care
     12.7.3. Automotive
     12.7.4. Paints
     12.7.5. Pharmaceutical
     12.7.6. Coatings and Adhesives
     12.7.7. Textile Industry
     12.7.8. Other End-user Indust
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Acetone Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Acetone Market: Market Share Analysis
  13.2. Acetone Distributors and Customers
  13.3. Acetone Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Borealis AG
     13.4.2. Formosa Chemicals and Fibre Corporation
     13.4.3. Mitsui Chemicals, Inc.
     13.4.4. Royal Dutch Shell plc
     13.4.5. INEOS

Segments Covered in the Report
The acetone market has been segmented on the basis of

Applications

  • Bisphenol A
  • Methyl Methacrylate
  • Solvents
  • Methyl Isobutyl Ketone
  • Other Applications

End-user Industries

  • Electronics
  • Cosmetics and Personal Care
  • Automotive
  • Paints
  • Pharmaceutical
  • Coatings and Adhesives
  • Textile Industry
  • Other End-user Industries

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Borealis AG
  • Formosa Chemicals and Fibre Corporation
  • Mitsui Chemicals, Inc.
  • Royal Dutch Shell plc
  • INEOS

Key players competing in the acetone market are Borealis AG; Formosa Chemicals and Fibre Corporation; Mitsui Chemicals, Inc.; Royal Dutch Shell plc; and INEOS.

Some of major players are focusing on the development of highly advanced bio-based acetone while others are striving to set up plants near raw material sources.

Acetone Market by key players

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