Acetone Market Research Report - Global Forecast till 2027

Global Acetone Market: Information by Application Type (Methyl Methacrylate, Bisphenol A, Solvents, Powder and others), By End-Use Industry (Plastic, Chemical, Pharmaceutical, Cosmetics & Personal Care, Paint & Coatings and others) and Region (North America, Europe, Latin America, Asia-Pacific and Middle East & Africa) - Forecast till 2027

ID: MRFR/CnM/0527-HCR | February 2021 | Region: Global | 140 pages

Market overview


According to MRFR analysis, the global acetone market volume is projected to reach over 10.57 million tons by 2025 with a healthy CAGR of 5.2% during the assessment period. Acetone is an organic solvent which is found naturally in trees, forest fires, volcanic gases, and plants. It is also produced from propene acetone is significant solvent for plastic and synthetic fibers. In addition, it is the primary solvent for a various cleaning agent. In July 2019, KBR, Inc., has secured a contract to license its acetone and phenol technology to Qingdao Haiwan Chemical.


The acetone is an essential solvent for the cosmetic & personal care industry. The rapid growth of the personal care industry in the developing nations is expected to drive the demand for acetone market. The global personal care industry is projected to grow with a CAGR of nearly 5.78% in the coming years. The emerging economies, such as Asia-Pacific and Latin American countries, hold enormous growth potential for the personal care industry. For instance, China accounts for nearly 37% of revenue generated by the Asia-Pacific cosmetics & personal care ingredients industry and is estimated to exhibit a significant CAGR of around 6.55% over the assessment period due to the various factors such as rapid urbanization, rise in per capita disposable income, and change in lifestyle of people. Thus, the augmented demand for personal care products and strengthening the growth of the personal care industry in the developing regions are estimated to be the key factors responsible for the growth of the personal care ingredients market.


According to BASF SE, the global chemical industry is projected to grow at 2.7% by 2019; Japan is likely to witness stronger chemical growth driven by domestic demand. In Latin America, the chemical industry is seeing remarkable growth due to microeconomic recovery in Brazil. Also, demand for chemicals in automotive, construction, and agricultural sectors is projected to drive the need for chemicals, thus positively influencing the growth of the acetone market during the review period.


Key Players:


The key players operating in the global acetone market are Honeywell International Inc. (US), Dow (US), Ineos (UK), Formosa Chemicals & Fibre Corp (Taiwan), BASF SE (Germany), Mitsui Chemicals Inc (Japan), Shell Chemical Co (US), LG Chem Ltd (South Korea), Reliance Chemicals Pvt Ltd (India), and Kumho P&B Chemicals (Korea).


Global Acetone Market Share, by Application Type, 2018 (%)
 Acetone Market


Source: MRFR Analysis


Regional Analysis


The global market for acetone has been segmented into five key regions, namely, Asia-Pacific, North America, Middle East & Africa, Europe, and Latin America.


In Asia-Pacific, China is the leading producer, and consumer of methyl methacrylate, increasing demand for the plastic product is one the factor driving the demand for methyl methacrylate in the country. North America acetone market has huge growth potential for the acetone market owing to the flourishing petrochemical industry in the US, thus driving the application of acetone in chemical and plastic industries. Europe, the chemical industry is recovering, which hold tremendous growth potential for the acetone market in coming next five years. Latin America, the acetone market is likely to grow owing to growing fastest growing cosmetic& personal care products industry, which is expected to influence the consumption acetone during the forecast period positively. Also, Mexico is the eighth-largest oil producers and among of the fastest-growing countries with largest exporters of electrical products, machinery, automotive vehicles across the globe. Thus, the high growth of end-use industries is expected to drive the application of acetone during the review period.


The Middle East & Africa is leading the petrochemical industry in the world; high oil exploration activities and the presence of established chemical companies like SABIC are one of the driving factors for the acetone market.


Segmentation Analysis


The global acetone market has been divided on the basis of application type, end-use industry, and region.


Based on application type, the global acetone market has been classified as methyl methacrylate, bisphenol a, solvents, powder, and others.


On the basis of end-use industry, the global acetone market has been divided into plastic, chemical, pharmaceutical, cosmetics & personal care, paint & coatings, agriculture chemicals, and others.


The global acetone market, by region, has been studied across five major regions, namely, Asia-Pacific, North America, the Middle East & Africa, Europe, and Latin America.


Target Audience



  • Traders and distributors of acetone

  • Acetone manufacturers

  • Potential investors

  • Production process industries

  • Raw material suppliers

  • Nationalized laboratories

  • Government bodies



Frequently Asked Questions (FAQ) :


acetone market would achieve a volume of 10.57 million tons by 2025.

The acetone market would attain a CAGR of 5.2% between 2019 to 2025 (forecast period).

China would dominate the Asia Pacific acetone market.

Industries like chemical, plastic, cosmetics & personal care, pharmaceutical, agriculture chemicals, paint & coatings, and others would trigger growth for the acetone market.

Growing acceptance of acetone in the personal care industry and the hike in the latter’s growth could trigger better growth for the acetone market.

Table of Contents

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Forecast Model

4 Market Landscape

4.1 Supply Chain Analysis

4.1.1 Raw Material Suppliers

4.1.2 Manufacturers/Producers

4.1.3 Distributors/Retailers/Wholesalers/E-Commerce Merchants

4.1.4 End-Use Industry

4.2 Porter’s Five Forces Analysis

4.2.1 Threat of New Entrants

4.2.2 Bargaining Power of Buyers

4.2.3 Bargaining Power of Suppliers

4.2.4 Threat of Substitutes

4.2.5 Intensity of Competitive Rivalry

5 Industry Overview of the Global Acetone Market

5.1 Introduction

5.2 Drivers

5.3 Restraints

5.4 Opportunities

5.5 Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact Analysis

7. Global Acetone Market, by Application Type

7.1 Introduction

7.2 Methyl Methacrylate

7.2.1. Market Estimates & Forecast, 2020-2027

7.2.2. Market Estimates & Forecast, by Region, 2020-2027

7.3 Bisphenol A

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast, by Region, 2020-2027

7.4 Powder

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast, by Region, 2020-2027

7.5 Solvents

7.5.1 Market Estimates & Forecast, 2020-2027

7.5.2 Market Estimates & Forecast, by Region, 2020-2027

7.6 Others

7.6.1 Market Estimates & Forecast, 2020-2027

7.6.2 Market Estimates & Forecast, by Region, 2020-2027

8. Global Acetone Market, by End Use Industry

8.1 Introduction

8.2 Plastic

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast, by Region, 2020-2027

8.3 Chemical

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast, by Region, 2020-2027

8.4 Pharmaceutical

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast, by Region, 2020-2027

8.5 Cosmetics & Personal Care

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast, by Region, 2020-2027

8.6 Paint & Coatings

8.6.1 Market Estimates & Forecast, 2020-2027

8.6.2 Market Estimates & Forecast, by Region, 2020-2027

8.7 Others

8.7.1 Market Estimates & Forecast, 2020-2027

8.7.2 Market Estimates & Forecast, by Region, 2020-2027

9. Global Acetone Market, by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020-2027

9.2.2 Market Estimates & Forecast by Application Type , 2020-2027

9.2.5 Market Estimates & Forecast by End Use Industry, 2020-2027

9.2.6 US

9.2.6.1 Market Estimates & Forecast, 2020-2027

9.2.6.2 Market Estimates & Forecast by Application Type , 2020-2027

9.2.6.5 Market Estimates & Forecast by End Use Industry, 2020-2027

9.2.7 Canada

9.2.7.1 Market Estimates & Forecast, 2020-2027

9.2.7.2 Market Estimates & Forecast by Application Type , 2020-2027

9.2.7.5 Market Estimates & Forecast by End Use Industry, 2020-2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020-2027

9.3.2 Market Estimates & Forecast by Application Type , 2020-2027

9.3.5 Market Estimates & Forecast by End Use Industry, 2020-2027

9.3.6 Germany

9.3.6.1 Market Estimates & Forecast, 2020-2027

9.3.6.2 Market Estimates & Forecast by Application Type , 2020-2027

9.3.6.5 Market Estimates & Forecast by End Use Industry, 2020-2027

9.3.7. France

9.3.7.1 Market Estimates & Forecast, 2020-2027

9.3.7.2 Market Estimates & Forecast by Application Type , 2020-2027

9.3.7.5 Market Estimates & Forecast by End Use Industry, 2020-2027

9.3.8 Italy

9.3.8.1 Market Estimates & Forecast, 2020-2027

9.3.8.2 Market Estimates & Forecast by Application Type , 2020-2027

9.3.8.5 Market Estimates & Forecast by End Use Industry, 2020-2027

9.3.9 Spain

9.3.9.1 Market Estimates & Forecast, 2020-2027

9.3.9.2 Market Estimates & Forecast by Application Type , 2020-2027

9.3.9.5 Market Estimates & Forecast by End Use Industry, 2020-2027

9.3.10 UK

9.3.10.1 Market Estimates & Forecast, 2020-2027

9.3.10.2 Market Estimates & Forecast by Application Type , 2020-2027

9.3.10.5 Market Estimates & Forecast by End Use Industry, 2020-2027

9.3.9 Russia

9.3.9.1 Market Estimates & Forecast, 2020-2027

9.3.9.2 Market Estimates & Forecast by Application Type , 2020-2027

9.3.9.5 Market Estimates & Forecast by End Use Industry, 2020-2027

9.3.12 Netherlands

9.3.12.1 Market Estimates & Forecast, 2020-2027

9.3.12.2 Market Estimates & Forecast by Application Type , 2020-2027

9.3.12.3 Market Estimates & Forecast by End Use Industry, 2020-2027

9.3.13 Rest of Europe

9.3.13.1 Market Estimates & Forecast, 2020-2027

9.3.13.2 Market Estimates & Forecast by Application Type , 2020-2027

9.3.13.5 Market Estimates & Forecast by End Use Industry, 2020-2027

9.4 Asia-Pacific

9.4.1 Market Estimates & Forecast, 2020-2027

9.4.2 Market Estimates & Forecast by Application Type , 2020-2027

9.4.5 Market Estimates & Forecast by End Use Industry, 2020-2027

9.4.6 China

9.4.6.1 Market Estimates & Forecast, 2020-2027

9.4.6.2 Market Estimates & Forecast by Application Type , 2020-2027

9.4.6.5 Market Estimates & Forecast by End Use Industry, 2020-2027

9.4.7 India

9.4.7.1 Market Estimates & Forecast, 2020-2027

9.4.7.2 Market Estimates & Forecast by Application Type , 2020-2027

9.4.7.5 Market Estimates & Forecast by End Use Industry, 2020-2027

9.4.8 Japan

9.4.8.1 Market Estimates & Forecast, 2020-2027

9.4.8.2 Market Estimates & Forecast by Application Type , 2020-2027

9.4.8.5 Market Estimates & Forecast by End Use Industry, 2020-2027

9.4.9 Australia

9.4.9.1 Market Estimates & Forecast, 2020-2027

9.4.9.2 Market Estimates & Forecast by Application Type , 2020-2027

9.4.9.5 Market Estimates & Forecast by End Use Industry, 2020-2027

9.4.10 Malaysia

9.4.10.1 Market Estimates & Forecast, 2020-2027

9.4.10.2 Market Estimates & Forecast by Application Type , 2020-2027

9.4.10.5Market Estimates & Forecast by End Use Industry, 2020-2027

9.4.9 South Korea

9.4.9.1 Market Estimates & Forecast, 2020-2027

9.4.9.2 Market Estimates & Forecast by Application Type , 2020-2027

9.4.9.5 Market Estimates & Forecast by End Use Industry, 2020-2027

9.4.12 Rest of Asia-Pacific

9.4.12.1 Market Estimates & Forecast, 2020-2027

9.4.12.2 Market Estimates & Forecast by Application Type , 2020-2027

9.4.12.5Market Estimates & Forecast by End Use Industry, 2020-2027

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, 2020-2027

9.5.2 Market Estimates & Forecast by Application Type , 2020-2027

9.5.5 Market Estimates & Forecast by End Use Industry, 2020-2027

9.5.6 Saudi Arabia

9.5.6.1 Market Estimates & Forecast, 2020-2027

9.5.6.2 Market Estimates & Forecast by Application Type , 2020-2027

9.5.6.5 Market Estimates & Forecast by End Use Industry, 2020-2027

9.5.7 UAE

9.5.7.1 Market Estimates & Forecast, 2020-2027

9.5.7.2 Market Estimates & Forecast by Application Type , 2020-2027

9.5.7.5 Market Estimates & Forecast by End Use Industry, 2020-2027

9.5.8 Africa

9.5.8.1 Market Estimates & Forecast, 2020-2027

9.5.8.2 Market Estimates & Forecast by Application Type , 2020-2027

9.5.8.5Market Estimates & Forecast by End Use Industry, 2020-2027

9.5.9 Rest of the Middle East & Africa

9.5.9.1 Market Estimates & Forecast, 2020-2027

9.5.9.2 Market Estimates & Forecast by Application Type , 2020-2027

9.5.9.5 Market Estimates & Forecast by End Use Industry, 2020-2027

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2020-2027

9.6.2 Market Estimates & Forecast by Application Type , 2020-2027

9.6.5 Market Estimates & Forecast by End Use Industry, 2020-2027

9.6.4 Brazil

9.6.4.1 Market Estimates & Forecast, 2020-2027

9.6.4.2 Market Estimates & Forecast by Application Type , 2020-2027

9.6.4.5 Market Estimates & Forecast by End Use Industry, 2020-2027

9.6.5 Argentina

9.6.5.1 Market Estimates & Forecast, 2020-2027

9.6.5.2 Market Estimates & Forecast by Application Type , 2020-2027

9.6.5.5 Market Estimates & Forecast by End Use Industry, 2020-2027

9.6.6 Mexico

9.6.6.1 Market Estimates & Forecast, 2020-2027

9.6.6.2 Market Estimates & Forecast by Application Type , 2020-2027

9.6.6.5 Market Estimates & Forecast by End Use Industry, 2020-2027

9.6.7 Rest of Latin America

9.6.7.1 Market Estimates & Forecast, 2020-2027

9.6.7.2 Market Estimates & Forecast by Application Type , 2020-2027

9.6.7.5 Market Estimates & Forecast by End Use Industry, 2020-2027

10. Competitive Landscape

10.1 Introduction

10.2 Market Key Strategies

10.3 Key Development Analysis

(Expansions/Mergers & Acquisitions/Joint Ventures/Agreements/Investments)

11. Company Profiles

11.1 Honeywell International Inc.

11.1.1 Company Overview

11.1.2 Financial Updates

11.1.3 Application Type /Business Segment Overview

11.1.4 Key Developments

11.1.5 SWOT Analysis

11.1.6 Key Strategies

11.2 Dow

11.2.1 Company Overview

11.2.2 Financial Updates

11.2.3 Application Type /Business Segment Overview

11.2.4 Key Developments

11.2.5 SWOT Analysis

11.2.6 Key Strategies

11.3 Ineos

11.3.1 Company Overview

11.3.2 Financial Updates

11.3.3 Application Type /Business Segment Overview

11.3.4 Key Developments

11.3.5 SWOT Analysis

11.3.6 Key Strategies

11.4 Formosa Chemicals & Fibre Corp

11.4.1 Company Overview

11.4.2 Financial Updates

11.4.3 Application Type /Business Segment Overview

11.4.4 Key Developments

11.4.5 SWOT Analysis

11.4.6 Key Strategies

11.5 BASF SE

11.5.1 Company Overview

11.5.2 Financial Updates

11.5.3 Application Type /Business Segment Overview

11.5.4 Key Developments

11.5.5 SWOT Analysis

11.5.6 Key Strategies

11.6 Mitsui Chemicals Inc

11.6.1 Company Overview

11.6.2 Financial Updates

11.6.3 Application Type /Business Segment Overview

11.6.4 Key Developments

11.6.5 SWOT Analysis

11.6.6 Key Strategies

11.7 Shell Chemical Co

11.7.1 Company Overview

11.7.2 Financial Updates

11.7.3 Application Type /Business Segment Overview

11.7.4 Key Developments

11.7.5 SWOT Analysis

11.7.6 Key Strategies

11.8 LG Chem Ltd

11.8.1 Company Overview

11.8.2 Financial Updates

11.8.3 Application Type /Business Segment Overview

11.8.4 Key Developments

11.8.5 SWOT Analysis

11.8.6 Key Strategies

11.9 Shell Chemical Co

11.9.1 Company Overview

11.9.2 Financial Updates

11.9.3 Application Type /Business Segment Overview

11.9.4 Key Developments

11.9.5 SWOT Analysis

11.9.6 Key Strategies

11.10 Reliance Chemicals Pvt Ltd

11.10.1 Company Overview

11.10.2 Financial Updates

11.10.3 Application Type /Business Segment Overview

11.10.4 Key Developments

11.10.5 SWOT Analysis

11.10.6 Key Strategies

12. Conclusion

LIST OF TABLES

Table 1 Global Acetone Market, by Region, 2020-2027

Table 2 North America: Acetone Market, by Country, 2020-2027

Table 3 Europe: Acetone Market, by Country, 2020-2027

Table 4 Asia-Pacific: Acetone Market, by Country, 2020-2027

Table 5 Middle East & Africa: Acetone Market, by Country, 2020-2027

Table 6 Latin America: Acetone Market, by Country, 2020-2027

Table 7 Acetone Application Type Market, by Region, 2020-2027

Table 8 North America: Acetone Application Type Market, by Country, 2020-2027

Table 9 Europe: Acetone Application Type Market, by Country, 2020-2027

Table 10 Asia-Pacific: Acetone Application Type Market, by Country, 2020-2027

Table 11 Middle East & Africa: Acetone Application Type Market, by Country, 2020-2027

Table 12 Latin America: Acetone Application Type Market, by Country, 2020-2027

Table 11 Acetone End Use Industry Market, by Region, 2020-2027

Table 14 North America: Acetone End Use Industry Market, by Country, 2020-2027

Table 15 Europe: Acetone End Use Industry Market, by Country, 2020-2027

Table 16 Asia-Pacific: Acetone End Use Industry Market, by Country, 2020-2027

Table 17 Middle East & Africa: Acetone End Use Industry Market, by Country, 2020-2027

Table 18 Latin America: Acetone End Use Industry Market, by Country, 2020-2027

Table 19 Global Acetone Application Type Market, by Region, 2020-2027

Table 20 Global Acetone End Use Industry Market, by Region, 2020-2027

Table 21 North America: Acetone Market, by Country, 2020-2027

Table 22 North America: Acetone Market, by Application Type , 2020-2027

Table 23 North America: Acetone Market, by End Use Industry, 2020-2027

Table 24 Europe Acetone Market, by Country, 2020-2027

Table 25 Europe Acetone Market, by Application Type , 2020-2027

Table 26 Europe Acetone Market, by End Use Industry, 2020-2027

Table 27 Asia-Pacific Acetone Market, by Country, 2020-2027

Table 28 Asia-Pacific Acetone Market, by Application Type , 2020-2027

Table 29 Asia-Pacific Acetone Market, by End Use Industry, 2020-2027

Table 30 Middle East & Africa: Acetone Market, by Country, 2020-2027

Table 31 Middle East & Africa: Acetone Market, by Application Type , 2020-2027

Table 32 Middle East & Africa: Acetone Market, by End Use Industry, 2020-2027

Table 33 Latin America: Acetone Market, by Country, 2020-2027

Table 34 Latin America: Acetone Market, by Application Type , 2020-2027

Table 35 Latin America: Acetone Market, by End Use Industry, 2020-2027

LIST OF FIGURES

FIGURE 1 Acetone Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of Acetone Market

FIGURE 4 Supply Chain of Acetone Market

FIGURE 5 Share of Acetone Market, by Country, 2020 (%)

FIGURE 6 Global Acetone Market, 2020-2027

FIGURE 7 Sub Segments of Application Type

FIGURE 9 Acetone Market size, by Application Type , 2020 (%)

FIGURE 10 Share of Acetone Market, by Application Type , 2020-2027

FIGURE 17 Sub Segments of End Use Industry

FIGURE 18 Acetone Market size, by End Use Industry, 2020 (%)

FIGURE 19 Share of Acetone Market, by End Use Industry, 2020-2027