PUBLISHER: ChemAnalyst | PRODUCT CODE: 965990
PUBLISHER: ChemAnalyst | PRODUCT CODE: 965990
Asia Pacific Acetone demand stood at 3.806 Million Tonnes in 2020 and is forecast to reach 7.486 Million Tonnes by 2030, growing at a healthy CAGR of 6.89% until 2030. The growth can be attributed to the strong demand for Acetone as a solvent in the manufacturing of chemicals across various industries such as paint and coatings, plastics, construction, and automotive. Furthermore, an increasing number of investments for setting up new plant capacities from key market players to support the rising need for Acetone derivatives in the region is anticipated to contribute to the growth of the Asia Pacific Acetone market during the forecast period.
Due to the COVID-19 pandemic, the market experienced major disruptions. Production units were shut down and manufacturing of various end products was put on a halt. Due to this, the demand for acetone was affected to a large extent. However, the rising adoption of Acetone in pharmaceutical industries for sanitizers, disinfectants, and various personal care products reinstated the Acetone market growth in the Asia-Pacific region.
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 chemical industry, 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: 2015 - 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 - 2030
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Deliverables
To extract data for the Asia Pacific 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.