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India Acetone Market Analysis Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End User Industries, Distribution Channel, Region-Wise Demand, Import & Export, 2015-2030
|India Acetone Market Analysis Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End User Industries, Distribution Channel, Region-Wise Demand, Import & Export, 2015-2030|
Published: annual subscription
India Acetone market demand stood at 184 Thousand Tonnes in FY2021 and is forecast to reach 303.81 Thousand Tonnes by FY2030, growing at a healthy CAGR of 5.73% until FY2030. Demand for Acetone in India is expected to observe an outstanding spike in the forecast period, driven by its large-scale consumption to produce Isopropyl Alcohol as a raw material for sanitizers and disinfectants. The rise in awareness among consumers towards proper hygiene and cleanliness is expected to foster market growth. The surge in requirement for Acetone in niche pharmaceutical and paint and coatings applications is likely to serve well for surging its demand in the forecast period. Increasing demand for Alcohol beverages as a status symbol for people belonging to urban areas is also anticipated to propel its demand appreciably during the forecast period.
COVID-19 pandemic had a severe impact on the market, in general, and disrupted the Indian economy. Rising number of patients suffering from the infection and rapidly evolving virus created death scare for the whole population at large. The government imposed the lockdown to contain the spread of the virus that further resulted in disabling market growth. The manufacturing units were closed for a significant amount of time, and it disturbed the distribution channels. The government is slowly controlling the consequences, and steadily market is regaining its composure. With a steady CAGR in the upcoming forecast years, the market may grow and present as a potential investment for the new market player that supports the market growth in the future.
Under this subscription, you would be able to access India Acetone market demand and supply analysis on a cloud-based platform for one year. The data is updated on a near real-time basis to add any new movement in the industry including but not limited to new plant announcements, plant shutdowns, temporary disruptions in demand or supply, news and deals, and much more specific to Acetone.
Years Considered for Analysis:
Historical Years: FY2015 - FY2020
Base Year: FY2021
Estimated Year: FY2022
Forecast Period: FY2023- FY2030
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To extract data for the India Acetone market, the ChemAnalyst team conducts primary research surveys with Acetone manufacturers, suppliers, distributors, wholesalers, and customers followed by exhaustive secondary research to cross-validate the information being collected through primary research surveys.