June 10, 2024

Acetone Market Size To Gain USD 10.55 Bn by 2032

The acetone market size is poised to grow by USD 10.55 billion by 2032 from USD 5.7 billion in 2022, exhibiting a CAGR of 6.40% during the forecast period 2023-2032. 

Acetone Market Size 2023 To 2032

Key Takeaways

  • By region, Asia-Pacific contributed more than 48% of revenue share in 2022. Whereas Europe is estimated to expand the fastest CAGR between 2023 and 2032.
  • By application, the solvents segment has held the largest market share of 36% in 2022.
  • By grade, the technical grade segment generated over 96% of market share in 2022. On the other hand, the specialty grade segment is expected to expand at the fastest CAGR over the projected period.
  • By end-use, the plastic segment had the largest market share of 39% in 2022. On the other hand, the cosmetic & personal care segment is expected to expand at the fastest CAGR over the projected period.

Precedence Research has conducted a comprehensive market study that provides valuable insights into the performance of the market during the forecast period. The study identifies significant trends that are shaping the growth of the Acetone market. In this recently published report, essential dynamics such as drivers, restraints, and opportunities are highlighted for both established market players and emerging participants involved in production and supply.

To begin with, the Acetone Market report features an executive summary that offers a concise overview of the marketplace. It outlines the key players and industry categories expected to have an impact on the market in the coming years. The executive summary provides an unbiased summary of the market.

Get a Sample Reporthttps://www.precedenceresearch.com/sample/3437

Acetone Market Scope

Report Coverage Details
Growth Rate from 2023 to 2032 CAGR of 6.4%
Market Size in 2023 USD 6.04 Billion
Market Size by 2032 USD 10.55 Billion
Largest Market Asia Pacific
Base Year 2022
Forecast Period 2023 to 2032
Segments Covered By Application, By Grade, and By End Use
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Read More: Submarine Power Cable Market Size To Gain USD 32.86 Bn by 2032

The empirical study on the global Acetone market primarily focuses on the drivers in subsequent sections. It demonstrates how changing demographics are projected to influence the supply and demand dynamics in the Acetone Market. Our market report for the Acetone market also delves into the significant rules and regulations that are likely to impact the future growth of this sector. Moreover, in order to comprehend the underlying demand factors, industry experts have provided insights into its fundamental origins.

Top Key Players:

  • INEOS
  • Shell Chemicals
  • The Dow Chemical Company
  • SABIC (Saudi Basic Industries Corporation)
  • Mitsui Chemicals, Inc.
  • Formosa Chemicals & Fibre Corporation
  • Honeywell International Inc.
  • LG Chem
  • Reliance Industries Limited
  • Celanese Corporation
  • Perstorp Group
  • Chemanol (Chemanol Advanced Chemical Industries Company)
  • RadiciGroup
  • Altivia
  • Hindustan Organics Chemicals Ltd.

Data Sources and Methodology

To gather comprehensive insights on the Global Acetone Market, we relied on a range of data sources and followed a well-defined methodology. Our approach involved interactions with industry experts and key stakeholders across the market’s value chain, including management organizations, processing organizations, and analytics service providers.

We followed a rigorous data analysis process to ensure the quality and credibility of our research. The gathered information was carefully evaluated, and relevant quantitative data was subjected to statistical analysis. By employing robust analytical techniques, we were able to derive meaningful insights and present a comprehensive overview of the Global Acetone Market.

The most resonating, simple, genuine, and important causes because of which you must decide to buy the Acetone market report exclusively from precedence research

  • The research report has been meticulously crafted to provide comprehensive knowledge on essential marketing strategies and a holistic understanding of crucial marketing plans spanning the forecasted period from 2023 to 2032.

Key Features of the Report:

  • Comprehensive Coverage: The report extensively encompasses a detailed explanation of highly effective analytical marketing methods applicable to companies across all industry sectors.
  • Decision-Making Enhancement: It outlines a concise overview of the decision-making process while highlighting key techniques to enhance it, ensuring favorable business outcomes in the future.
  • Articulated R&D Approach: The report presents a well-defined approach to conducting research and development (R&D) activities, enabling accurate data acquisition on current and future marketing conditions.

Market Segmentation:

By Application

  • Solvents
  • Bisphenol A
  • Methyl Methacrylate

By Grade

  • Technical Specialty
  • Specialty Grade

By End Use

  • Chemical
  • Pharmaceutical
  • Cosmetic & Personal Care
  • Paints & Coating
  • Others

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Reasons to Consider Purchasing the Report:

  • Enhance your market research capabilities by accessing this comprehensive and precise report on the global Acetone market.
  • Gain a thorough understanding of the overall market landscape and be prepared to overcome challenges while ensuring robust growth.
  • Benefit from in-depth research and analysis of the latest trends shaping the global Acetone market.
  • Obtain detailed insights into evolving market trends, current and future technologies, and strategic approaches employed by key players in the global Acetone market.
  • Receive valuable recommendations and guidance for both new entrants and established players seeking further market expansion.
  • Discover not only the cutting-edge technological advancements in the global Acetone market but also the strategic plans of industry leaders.

Table of Content

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Acetone Market 

5.1. COVID-19 Landscape: Acetone Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Acetone Market, By Application

8.1. Acetone Market Revenue and Volume, By Application, 2023-2032

8.1.1 Solvents

8.1.1.1. Market Revenue and Forecast (2020-2032)

8.1.2. Bisphenol A

8.1.2.1. Market Revenue and Forecast (2020-2032)

8.1.3. Methyl Methacrylate

8.1.3.1. Market Revenue and Forecast (2020-2032)

Chapter 9. Global Acetone Market, By Grade

9.1. Acetone Market Revenue and Volume, By Grade, 2023-2032

9.1.1. Technical Specialty

9.1.1.1. Market Revenue and Forecast (2020-2032)

9.1.2. Specialty Grade

9.1.2.1. Market Revenue and Forecast (2020-2032)

Chapter 10. Global Acetone Market, By End Use 

10.1. Acetone Market Revenue and Volume, By End Use, 2023-2032

10.1.1. Chemical

10.1.1.1. Market Revenue and Forecast (2020-2032)

10.1.2. Pharmaceutical

10.1.2.1. Market Revenue and Forecast (2020-2032)

10.1.3. Cosmetic & Personal Care

10.1.3.1. Market Revenue and Forecast (2020-2032)

10.1.4. Paints & Coating

10.1.4.1. Market Revenue and Forecast (2020-2032)

10.1.5. Others

10.1.5.1. Market Revenue and Forecast (2020-2032)

Chapter 11. Global Acetone Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, By Application (2020-2032)

11.1.2. Market Revenue and Forecast, By Grade (2020-2032)

11.1.3. Market Revenue and Forecast, By End Use (2020-2032)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, By Application (2020-2032)

11.1.4.2. Market Revenue and Forecast, By Grade (2020-2032)

11.1.4.3. Market Revenue and Forecast, By End Use (2020-2032)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, By Application (2020-2032)

11.1.5.2. Market Revenue and Forecast, By Grade (2020-2032)

11.1.5.3. Market Revenue and Forecast, By End Use (2020-2032)

11.2. Europe

11.2.1. Market Revenue and Forecast, By Application (2020-2032)

11.2.2. Market Revenue and Forecast, By Grade (2020-2032)

11.2.3. Market Revenue and Forecast, By End Use (2020-2032)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, By Application (2020-2032)

11.2.4.2. Market Revenue and Forecast, By Grade (2020-2032)

11.2.4.3. Market Revenue and Forecast, By End Use (2020-2032)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, By Application (2020-2032)

11.2.5.2. Market Revenue and Forecast, By Grade (2020-2032)

11.2.5.3. Market Revenue and Forecast, By End Use (2020-2032)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, By Application (2020-2032)

11.2.6.2. Market Revenue and Forecast, By Grade (2020-2032)

11.2.6.3. Market Revenue and Forecast, By End Use (2020-2032)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, By Application (2020-2032)

11.2.7.2. Market Revenue and Forecast, By Grade (2020-2032)

11.2.7.3. Market Revenue and Forecast, By End Use (2020-2032)

11.3. APAC

11.3.1. Market Revenue and Forecast, By Application (2020-2032)

11.3.2. Market Revenue and Forecast, By Grade (2020-2032)

11.3.3. Market Revenue and Forecast, By End Use (2020-2032)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, By Application (2020-2032)

11.3.4.2. Market Revenue and Forecast, By Grade (2020-2032)

11.3.4.3. Market Revenue and Forecast, By End Use (2020-2032)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, By Application (2020-2032)

11.3.5.2. Market Revenue and Forecast, By Grade (2020-2032)

11.3.5.3. Market Revenue and Forecast, By End Use (2020-2032)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, By Application (2020-2032)

11.3.6.2. Market Revenue and Forecast, By Grade (2020-2032)

11.3.6.3. Market Revenue and Forecast, By End Use (2020-2032)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, By Application (2020-2032)

11.3.7.2. Market Revenue and Forecast, By Grade (2020-2032)

11.3.7.3. Market Revenue and Forecast, By End Use (2020-2032)

11.4. MEA

11.4.1. Market Revenue and Forecast, By Application (2020-2032)

11.4.2. Market Revenue and Forecast, By Grade (2020-2032)

11.4.3. Market Revenue and Forecast, By End Use (2020-2032)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, By Application (2020-2032)

11.4.4.2. Market Revenue and Forecast, By Grade (2020-2032)

11.4.4.3. Market Revenue and Forecast, By End Use (2020-2032)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, By Application (2020-2032)

11.4.5.2. Market Revenue and Forecast, By Grade (2020-2032)

11.4.5.3. Market Revenue and Forecast, By End Use (2020-2032)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, By Application (2020-2032)

11.4.6.2. Market Revenue and Forecast, By Grade (2020-2032)

11.4.6.3. Market Revenue and Forecast, By End Use (2020-2032)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, By Application (2020-2032)

11.4.7.2. Market Revenue and Forecast, By Grade (2020-2032)

11.4.7.3. Market Revenue and Forecast, By End Use (2020-2032)

11.5. Latin America

11.5.1. Market Revenue and Forecast, By Application (2020-2032)

11.5.2. Market Revenue and Forecast, By Grade (2020-2032)

11.5.3. Market Revenue and Forecast, By End Use (2020-2032)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, By Application (2020-2032)

11.5.4.2. Market Revenue and Forecast, By Grade (2020-2032)

11.5.4.3. Market Revenue and Forecast, By End Use (2020-2032)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, By Application (2020-2032)

11.5.5.2. Market Revenue and Forecast, By Grade (2020-2032)

11.5.5.3. Market Revenue and Forecast, By End Use (2020-2032)

Chapter 12. Company Profiles

12.1. INEOS

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Shell Chemicals

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. The Dow Chemical Company

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. SABIC (Saudi Basic Industries Corporation)

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Mitsui Chemicals, Inc.

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Formosa Chemicals & Fibre Corporation

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Honeywell International Inc.

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. LG Chem

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Reliance Industries Limited

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Celanese Corporation

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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