PUBLISHER: IMARC | PRODUCT CODE: 1467714
PUBLISHER: IMARC | PRODUCT CODE: 1467714
Acetone Market by Application (Methyl Methacrylate, Bisphenol A, Solvents, and Others), Grade, Distribution Channel, End Use Industry, and Region 2024-2032
The global acetone market size reached US$ 7.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 11.7 Billion by 2032, exhibiting a growth rate (CAGR) of 5.4% during 2024-2032. The widespread usage of acetone across various industrial verticals, the increasing demand for plastics, the widespread product usage in personal care industry, and the significant expansion in the automotive industry represent some of the key factors driving the market.
Acetone (C3H60), or dimethyl ketone, refers to a clear, colorless, water-soluble, flammable, volatile industrial liquid with a strong, pungent smell. It can be easily found in the exhaust generated by vehicles, plants, trees, and forest fires and also industrially formulated by bacterial fermentation. It can also be derived through alkylating benzene with propylene in the cumene cycle to produce cumene, which is later oxidized to compose phenol and acetone. It is versatile, miscible, has a lower boiling point, and exhibits the potential to breakdown down fat, stains, and grease quickly. Based on these properties, acetone is chiefly utilized as a key intermediate in various products, including adhesives, textiles, adhesives, paints, coatings, petroleum, nail polish removers, polyvinyl chloride (PVC), and antiseptic solutions.
Acetone Market Trends:
The widespread use of acetone across various industrial verticals to formulate polycarbonate, methyl methacrylate (MMA), and bisphenol A (BPA) as essential derivatives represents a prime factor driving the market growth. These products are utilized to compose food-grade bottles, cans, translucent sheets, and poly (methyl methacrylate) (PMMA), which is further employed in several constructional and infrastructural applications. Moreover, the sudden outbreak of the COVID-19 pandemic has prompted pharmaceutical companies to develop effective solvents, sanitizers, disinfectants, and dimethyl ketone-related materials, which, in turn, is facilitating the demand for acetone. Additionally, the increasing need for petrochemical products and the implementation of favorable green initiatives have encouraged manufacturers to produce renewable dimethyl ketone, which is acting as another growth-inducing factor. In comparison to petroleum solvents, such green compounds are non-toxic, non-corrosive, and non-carcinogenic and reduce the levels of toxic and corrosive chemicals emitted in the environment. In line with this, the extensive acetone incorporation in multiple personal care and cosmetic products, such as nail polish removers and cleansing and fragrance items, is favoring the market growth. Acetone is further utilized in the textile for degreasing wool, degumming silk, and forming lacquers. Apart from this, the rising acetone usage in automobile windows, headlamps, taillights, and headlamps is positively stimulating the market growth. Other factors, such as extensive research and development (R&D) activities, the increasing demand for beauty products, and the expanding electronics industry, are creating a positive outlook for the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global acetone market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on application, grade, distribution channel, and end use industry.
Application Insights:
Methyl Methacrylate (MMA)
Bisphenol A (BPA)
Solvents
Others
The report has also provided a detailed breakup and analysis of the acetone market based on the application. This includes methyl methacrylate (MMA), bisphenol A (BPA), solvents, and others. According to the report, solvents represented the largest segment.
Grade Insights:
Specialty Grade
Technical Grade
A detailed breakup and analysis of the acetone market based on the grade has also been provided in the report. This includes specialty and technical grades. According to the report, technical grade accounted for the largest market share.
Distribution Channel Insights:
Manufacturer to Distributor
Manufacturer to End-User
The report has also provided a detailed breakup and analysis of the acetone market based on the distribution channel. This includes manufacturers to distributor and to end-user. According to the report, manufacturers to end-user represented the largest segment.
End Use Industry Insights:
Cosmetics and Personal Care
Electronics
Automotive
Pharmaceutical
Paints, Coatings and Adhesives
Textile Industry
Others
A detailed breakup and analysis of the acetone market based on the end use industry has also been provided in the report. This includes cosmetics and personal care, electronics, automotive, pharmaceutical, paints, coatings, and adhesives, textile industry, and others. According to the report, cosmetics and personal care accounted for the largest market share.
Regional Insights:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for acetone. Some of the factors driving the Asia Pacific acetone market included the significant expansion in the electronics industry, the rising demand for personal care and cosmetics products, and extensive research and development (R&D) activities.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global acetone market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Altivia, Arkema S.A., Borealis AG (OMV Aktiengesellschaft), Compania Espanola de Petroleos S.A.U. (Cepsa), Honeywell International Inc., INEOS Group Limited, Kumho P&B Chemicals Inc. (Kumho Petrochemical Co. Ltd.), Mitsui Chemicals Inc., PTT Global Chemical Public Company Limited, Sasol Limited, Saudi Basic Industries Corporation (Saudi Arabian Oil Co.), Shell plc, Solvay S.A, Thermo Fisher Scientific Inc., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
- How has the global acetone market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global acetone market?
- What are the key regional markets?
- Which countries represent the most attractive acetone markets?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the grade?
- What is the breakup of the market based on the distribution channel?
- What is the breakup of the market based on the end use industry?
- What is the competitive structure of the global acetone market?
- Who are the key players/companies in the global acetone market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Acetone Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Application
- 6.1 Methyl Methacrylate (MMA)
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Bisphenol A (BPA)
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Solvents
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Others
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
7 Market Breakup by Grade
- 7.1 Specialty Grade
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Technical Grade
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Distribution Channel
- 8.1 Manufacturer to Distributor
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Manufacturer to End-User
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by End Use Industry
- 9.1 Cosmetics and Personal Care
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Electronics
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Automotive
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Pharmaceutical
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Paints, Coatings and Adhesives
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
- 9.6 Textile Industry
- 9.6.1 Market Trends
- 9.6.2 Market Forecast
- 9.7 Others
- 9.7.1 Market Trends
- 9.7.2 Market Forecast
10 Market Breakup by Region
- 10.1 North America
- 10.1.1 United States
- 10.1.1.1 Market Trends
- 10.1.1.2 Market Forecast
- 10.1.2 Canada
- 10.1.2.1 Market Trends
- 10.1.2.2 Market Forecast
- 10.1.1 United States
- 10.2 Asia-Pacific
- 10.2.1 China
- 10.2.1.1 Market Trends
- 10.2.1.2 Market Forecast
- 10.2.2 Japan
- 10.2.2.1 Market Trends
- 10.2.2.2 Market Forecast
- 10.2.3 India
- 10.2.3.1 Market Trends
- 10.2.3.2 Market Forecast
- 10.2.4 South Korea
- 10.2.4.1 Market Trends
- 10.2.4.2 Market Forecast
- 10.2.5 Australia
- 10.2.5.1 Market Trends
- 10.2.5.2 Market Forecast
- 10.2.6 Indonesia
- 10.2.6.1 Market Trends
- 10.2.6.2 Market Forecast
- 10.2.7 Others
- 10.2.7.1 Market Trends
- 10.2.7.2 Market Forecast
- 10.2.1 China
- 10.3 Europe
- 10.3.1 Germany
- 10.3.1.1 Market Trends
- 10.3.1.2 Market Forecast
- 10.3.2 France
- 10.3.2.1 Market Trends
- 10.3.2.2 Market Forecast
- 10.3.3 United Kingdom
- 10.3.3.1 Market Trends
- 10.3.3.2 Market Forecast
- 10.3.4 Italy
- 10.3.4.1 Market Trends
- 10.3.4.2 Market Forecast
- 10.3.5 Spain
- 10.3.5.1 Market Trends
- 10.3.5.2 Market Forecast
- 10.3.6 Russia
- 10.3.6.1 Market Trends
- 10.3.6.2 Market Forecast
- 10.3.7 Others
- 10.3.7.1 Market Trends
- 10.3.7.2 Market Forecast
- 10.3.1 Germany
- 10.4 Latin America
- 10.4.1 Brazil
- 10.4.1.1 Market Trends
- 10.4.1.2 Market Forecast
- 10.4.2 Mexico
- 10.4.2.1 Market Trends
- 10.4.2.2 Market Forecast
- 10.4.3 Others
- 10.4.3.1 Market Trends
- 10.4.3.2 Market Forecast
- 10.4.1 Brazil
- 10.5 Middle East and Africa
- 10.5.1 Market Trends
- 10.5.2 Market Breakup by Country
- 10.5.3 Market Forecast
11 Drivers, Restraints, and Opportunities
- 11.1 Overview
- 11.2 Drivers
- 11.3 Restraints
- 11.4 Opportunities
12 Value Chain Analysis
13 Porters Five Forces Analysis
- 13.1 Overview
- 13.2 Bargaining Power of Buyers
- 13.3 Bargaining Power of Suppliers
- 13.4 Degree of Competition
- 13.5 Threat of New Entrants
- 13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Key Players
- 15.3 Profiles of Key Players
- 15.3.1 Altivia
- 15.3.1.1 Company Overview
- 15.3.1.2 Product Portfolio
- 15.3.2 Arkema S.A.
- 15.3.2.1 Company Overview
- 15.3.2.2 Product Portfolio
- 15.3.2.3 Financials
- 15.3.2.4 SWOT Analysis
- 15.3.3 Borealis AG (OMV Aktiengesellschaft)
- 15.3.3.1 Company Overview
- 15.3.3.2 Product Portfolio
- 15.3.3.3 SWOT Analysis
- 15.3.4 Compania Espanola de Petroleos S.A.U. (Cepsa)
- 15.3.4.1 Company Overview
- 15.3.4.2 Product Portfolio
- 15.3.4.3 SWOT Analysis
- 15.3.5 Honeywell International Inc.
- 15.3.5.1 Company Overview
- 15.3.5.2 Product Portfolio
- 15.3.5.3 Financials
- 15.3.5.4 SWOT Analysis
- 15.3.6 INEOS Group Limited
- 15.3.6.1 Company Overview
- 15.3.6.2 Product Portfolio
- 15.3.7 Kumho P&B Chemicals Inc. (Kumho Petrochemical Co. Ltd.)
- 15.3.7.1 Company Overview
- 15.3.7.2 Product Portfolio
- 15.3.8 Mitsui Chemicals Inc.
- 15.3.8.1 Company Overview
- 15.3.8.2 Product Portfolio
- 15.3.8.3 Financials
- 15.3.8.4 SWOT Analysis
- 15.3.9 PTT Global Chemical Public Company Limited
- 15.3.9.1 Company Overview
- 15.3.9.2 Product Portfolio
- 15.3.9.3 Financials
- 15.3.10 Sasol Limited
- 15.3.10.1 Company Overview
- 15.3.10.2 Product Portfolio
- 15.3.10.3 Financials
- 15.3.10.4 SWOT Analysis
- 15.3.11 Saudi Basic Industries Corporation (Saudi Arabian Oil Co.)
- 15.3.11.1 Company Overview
- 15.3.11.2 Product Portfolio
- 15.3.11.3 Financials
- 15.3.11.4 SWOT Analysis
- 15.3.12 Shell plc
- 15.3.12.1 Company Overview
- 15.3.12.2 Product Portfolio
- 15.3.12.3 Financials
- 15.3.13 Solvay S.A
- 15.3.13.1 Company Overview
- 15.3.13.2 Product Portfolio
- 15.3.13.3 Financials
- 15.3.13.4 SWOT Analysis
- 15.3.14 Thermo Fisher Scientific Inc.
- 15.3.14.1 Company Overview
- 15.3.14.2 Product Portfolio
- 15.3.14.3 Financials
- 15.3.14.4 SWOT Analysis
- 15.3.1 Altivia
Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report.
List of Figures
- Figure 1: Global: Acetone Market: Major Drivers and Challenges
- Figure 2: Global: Acetone Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Acetone Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Acetone Market: Breakup by Application (in %), 2023
- Figure 5: Global: Acetone Market: Breakup by Grade (in %), 2023
- Figure 6: Global: Acetone Market: Breakup by Distribution Channel (in %), 2023
- Figure 7: Global: Acetone Market: Breakup by End Use Industry (in %), 2023
- Figure 8: Global: Acetone Market: Breakup by Region (in %), 2023
- Figure 9: Global: Acetone (Methyl Methacrylate (MMA)) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 10: Global: Acetone (Methyl Methacrylate (MMA)) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 11: Global: Acetone (Bisphenol A (BPA)) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 12: Global: Acetone (Bisphenol A (BPA)) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 13: Global: Acetone (Solvents) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 14: Global: Acetone (Solvents) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 15: Global: Acetone (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 16: Global: Acetone (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 17: Global: Acetone (Specialty Grade) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 18: Global: Acetone (Specialty Grade) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 19: Global: Acetone (Technical Grade) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 20: Global: Acetone (Technical Grade) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 21: Global: Acetone (Manufacturer to Distributor) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 22: Global: Acetone (Manufacturer to Distributor) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 23: Global: Acetone (Manufacturer to End-User) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 24: Global: Acetone (Manufacturer to End-User) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 25: Global: Acetone (Cosmetics and Personal Care) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 26: Global: Acetone (Cosmetics and Personal Care) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 27: Global: Acetone (Electronics) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 28: Global: Acetone (Electronics) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 29: Global: Acetone (Automotive) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 30: Global: Acetone (Automotive) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 31: Global: Acetone (Pharmaceutical) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 32: Global: Acetone (Pharmaceutical) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 33: Global: Acetone (Paints, Coatings and Adhesives) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 34: Global: Acetone (Paints, Coatings and Adhesives) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 35: Global: Acetone (Textile Industry) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 36: Global: Acetone (Textile Industry) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 37: Global: Acetone (Other End Use Industries) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 38: Global: Acetone (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 39: North America: Acetone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 40: North America: Acetone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 41: United States: Acetone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 42: United States: Acetone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 43: Canada: Acetone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 44: Canada: Acetone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 45: Asia-Pacific: Acetone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 46: Asia-Pacific: Acetone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 47: China: Acetone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 48: China: Acetone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 49: Japan: Acetone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 50: Japan: Acetone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 51: India: Acetone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 52: India: Acetone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 53: South Korea: Acetone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 54: South Korea: Acetone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 55: Australia: Acetone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 56: Australia: Acetone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 57: Indonesia: Acetone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 58: Indonesia: Acetone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 59: Others: Acetone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 60: Others: Acetone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 61: Europe: Acetone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 62: Europe: Acetone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 63: Germany: Acetone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 64: Germany: Acetone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 65: France: Acetone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 66: France: Acetone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 67: United Kingdom: Acetone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 68: United Kingdom: Acetone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 69: Italy: Acetone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 70: Italy: Acetone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 71: Spain: Acetone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 72: Spain: Acetone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 73: Russia: Acetone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 74: Russia: Acetone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 75: Others: Acetone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 76: Others: Acetone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 77: Latin America: Acetone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 78: Latin America: Acetone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 79: Brazil: Acetone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 80: Brazil: Acetone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 81: Mexico: Acetone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 82: Mexico: Acetone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 83: Others: Acetone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 84: Others: Acetone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 85: Middle East and Africa: Acetone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 86: Middle East and Africa: Acetone Market: Breakup by Country (in %), 2023
- Figure 87: Middle East and Africa: Acetone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 88: Global: Acetone Industry: Drivers, Restraints, and Opportunities
- Figure 89: Global: Acetone Industry: Value Chain Analysis
- Figure 90: Global: Acetone Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Acetone Market: Key Industry Highlights, 2023 & 2032
- Table 2: Global: Acetone Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 3: Global: Acetone Market Forecast: Breakup by Grade (in Million US$), 2024-2032
- Table 4: Global: Acetone Market Forecast: Breakup by Distribution Channel (in Million US$), 2024-2032
- Table 5: Global: Acetone Market Forecast: Breakup by End Use Industry (in Million US$), 2024-2032
- Table 6: Global: Acetone Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 7: Global: Acetone Market: Competitive Structure
- Table 8: Global: Acetone Market: Key Players
