Acetone Market Dynamics 2021-2031
Acetone is a volatile, colorless, flammable, and organic solvent. It occurs naturally in plants, forest fires, vehicle exhaust, and as a breakdown product of animal fat metabolism. Acetone has a distinct smell and taste. It evaporates easily, is flammable, and dissolves in water. It is also called 2-propanone, dimethyl ketone, and beta-ketopropane. Acetone is used to make fibers, drugs, plastic, and other chemicals. It is a primary ingredient in many nail polish removers. It breaks down nail polish, making it easy to remove with a cotton swab or cloth. It is widely used because it can easily mix with water and evaporates quickly in the air.
MARKET DYNAMICS
The acetone market has witnessed significant growth owing to factors such as growing usage of acetone in the production of personal care & household products coupled with increasing usage by dermatologists. Moreover, a wide range of usage in many end-user applications along with the emerging demand from developed and developing countries such as the United States, India, China, Japan, Germany, and Singapore provides a huge market opportunity for the key players operating in the acetone market. However, Increasing regulations by the European Commission on BPA is projected to hamper the overall growth of the acetone market.
MARKET SCOPE
The "Global Acetone Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the acetone market with detailed market segmentation by application, and end-user industry and geography. The global acetone market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading acetone market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global acetone market is segmented on the basis of application, and end-user industry. On the basis of application, the acetone market is segmented into Methyl Methacrylate (MMA), Bisphenol A (BPA), solvents, and others. On the basis of end-user industry the market is bifurcated into cosmetics and personal care, chemical, plastic, pharmaceutical, paints and coatings, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global acetone market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The acetone market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the acetone market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the acetone market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global acetone market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The acetone market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the acetone market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the acetone market in these regions.
MARKET PLAYERS
The reports cover key developments in the acetone market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from acetone market are anticipated to lucrative growth opportunities in the future with the rising demand for Acetone in the global market. Below mentioned is the list of few companies engaged in the Acetone market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the acetone market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Altivia
- BASF SE
- Borealis AG
- Cepsa
- Formosa Chemicals and Fibre Corporation
- Green Biologics Limited
- Honeywell International Inc.
- INEOS
- LCY GROUP
- Mitsui Chemicals Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Acetone Market - By Application
1.3.2 Acetone Market - By End-user Industry
1.3.3 Acetone Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ACETONE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. ACETONE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. ACETONE MARKET - GLOBAL MARKET ANALYSIS
6.1. ACETONE - GLOBAL MARKET OVERVIEW
6.2. ACETONE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ACETONE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1. OVERVIEW
7.2. APPLICATION MARKET FORECASTS AND ANALYSIS
7.3. METHYL METHACRYLATE (MMA)
7.3.1. Overview
7.3.2. Methyl Methacrylate (MMA) Market Forecast and Analysis
7.4. BISPHENOL A (BPA)
7.4.1. Overview
7.4.2. Bisphenol A (BPA) Market Forecast and Analysis
7.5. SOLVENTS
7.5.1. Overview
7.5.2. Solvents Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. ACETONE MARKET - REVENUE AND FORECASTS TO 2028 - END-USER INDUSTRY
8.1. OVERVIEW
8.2. END-USER INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3. COSMETICS AND PERSONAL CARE
8.3.1. Overview
8.3.2. Cosmetics and Personal Care Market Forecast and Analysis
8.4. CHEMICAL
8.4.1. Overview
8.4.2. Chemical Market Forecast and Analysis
8.5. PLASTIC
8.5.1. Overview
8.5.2. Plastic Market Forecast and Analysis
8.6. PHARMACEUTICAL
8.6.1. Overview
8.6.2. Pharmaceutical Market Forecast and Analysis
8.7. PAINTS AND COATINGS
8.7.1. Overview
8.7.2. Paints and Coatings Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. ACETONE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Acetone Market Overview
9.1.2 North America Acetone Market Forecasts and Analysis
9.1.3 North America Acetone Market Forecasts and Analysis - By Application
9.1.4 North America Acetone Market Forecasts and Analysis - By End-user Industry
9.1.5 North America Acetone Market Forecasts and Analysis - By Countries
9.1.5.1 United States Acetone Market
9.1.5.1.1 United States Acetone Market by Application
9.1.5.1.2 United States Acetone Market by End-user Industry
9.1.5.2 Canada Acetone Market
9.1.5.2.1 Canada Acetone Market by Application
9.1.5.2.2 Canada Acetone Market by End-user Industry
9.1.5.3 Mexico Acetone Market
9.1.5.3.1 Mexico Acetone Market by Application
9.1.5.3.2 Mexico Acetone Market by End-user Industry
9.2. EUROPE
9.2.1 Europe Acetone Market Overview
9.2.2 Europe Acetone Market Forecasts and Analysis
9.2.3 Europe Acetone Market Forecasts and Analysis - By Application
9.2.4 Europe Acetone Market Forecasts and Analysis - By End-user Industry
9.2.5 Europe Acetone Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Acetone Market
9.2.5.1.1 Germany Acetone Market by Application
9.2.5.1.2 Germany Acetone Market by End-user Industry
9.2.5.2 France Acetone Market
9.2.5.2.1 France Acetone Market by Application
9.2.5.2.2 France Acetone Market by End-user Industry
9.2.5.3 Italy Acetone Market
9.2.5.3.1 Italy Acetone Market by Application
9.2.5.3.2 Italy Acetone Market by End-user Industry
9.2.5.4 United Kingdom Acetone Market
9.2.5.4.1 United Kingdom Acetone Market by Application
9.2.5.4.2 United Kingdom Acetone Market by End-user Industry
9.2.5.5 Russia Acetone Market
9.2.5.5.1 Russia Acetone Market by Application
9.2.5.5.2 Russia Acetone Market by End-user Industry
9.2.5.6 Rest of Europe Acetone Market
9.2.5.6.1 Rest of Europe Acetone Market by Application
9.2.5.6.2 Rest of Europe Acetone Market by End-user Industry
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Acetone Market Overview
9.3.2 Asia-Pacific Acetone Market Forecasts and Analysis
9.3.3 Asia-Pacific Acetone Market Forecasts and Analysis - By Application
9.3.4 Asia-Pacific Acetone Market Forecasts and Analysis - By End-user Industry
9.3.5 Asia-Pacific Acetone Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Acetone Market
9.3.5.1.1 Australia Acetone Market by Application
9.3.5.1.2 Australia Acetone Market by End-user Industry
9.3.5.2 China Acetone Market
9.3.5.2.1 China Acetone Market by Application
9.3.5.2.2 China Acetone Market by End-user Industry
9.3.5.3 India Acetone Market
9.3.5.3.1 India Acetone Market by Application
9.3.5.3.2 India Acetone Market by End-user Industry
9.3.5.4 Japan Acetone Market
9.3.5.4.1 Japan Acetone Market by Application
9.3.5.4.2 Japan Acetone Market by End-user Industry
9.3.5.5 South Korea Acetone Market
9.3.5.5.1 South Korea Acetone Market by Application
9.3.5.5.2 South Korea Acetone Market by End-user Industry
9.3.5.6 Rest of Asia-Pacific Acetone Market
9.3.5.6.1 Rest of Asia-Pacific Acetone Market by Application
9.3.5.6.2 Rest of Asia-Pacific Acetone Market by End-user Industry
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Acetone Market Overview
9.4.2 Middle East and Africa Acetone Market Forecasts and Analysis
9.4.3 Middle East and Africa Acetone Market Forecasts and Analysis - By Application
9.4.4 Middle East and Africa Acetone Market Forecasts and Analysis - By End-user Industry
9.4.5 Middle East and Africa Acetone Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Acetone Market
9.4.5.1.1 South Africa Acetone Market by Application
9.4.5.1.2 South Africa Acetone Market by End-user Industry
9.4.5.2 Saudi Arabia Acetone Market
9.4.5.2.1 Saudi Arabia Acetone Market by Application
9.4.5.2.2 Saudi Arabia Acetone Market by End-user Industry
9.4.5.3 U.A.E Acetone Market
9.4.5.3.1 U.A.E Acetone Market by Application
9.4.5.3.2 U.A.E Acetone Market by End-user Industry
9.4.5.4 Rest of Middle East and Africa Acetone Market
9.4.5.4.1 Rest of Middle East and Africa Acetone Market by Application
9.4.5.4.2 Rest of Middle East and Africa Acetone Market by End-user Industry
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Acetone Market Overview
9.5.2 South and Central America Acetone Market Forecasts and Analysis
9.5.3 South and Central America Acetone Market Forecasts and Analysis - By Application
9.5.4 South and Central America Acetone Market Forecasts and Analysis - By End-user Industry
9.5.5 South and Central America Acetone Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Acetone Market
9.5.5.1.1 Brazil Acetone Market by Application
9.5.5.1.2 Brazil Acetone Market by End-user Industry
9.5.5.2 Argentina Acetone Market
9.5.5.2.1 Argentina Acetone Market by Application
9.5.5.2.2 Argentina Acetone Market by End-user Industry
9.5.5.3 Rest of South and Central America Acetone Market
9.5.5.3.1 Rest of South and Central America Acetone Market by Application
9.5.5.3.2 Rest of South and Central America Acetone Market by End-user Industry
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ACETONE MARKET, KEY COMPANY PROFILES
11.1. ALTIVIA
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BASF SE
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BOREALIS AG
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CEPSA
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. FORMOSA CHEMICALS AND FIBRE CORPORATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. GREEN BIOLOGICS LIMITED
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. HONEYWELL INTERNATIONAL INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. INEOS
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. LCY GROUP
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. MITSUI CHEMICALS INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Altivia
2. BASF SE
3. Borealis AG
4. Cepsa
5. Formosa Chemicals and Fibre Corporation
6. Green Biologics Limited
7. Honeywell International Inc.
8. INEOS
9. LCY GROUP
10. Mitsui Chemicals Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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