Acetone Market is Estimated to Grow at a CAGR of 5.1% during 2019 – 2026 includes key players Domo Chemicals, The Dow Chemical Company, INEOS Phenol
Market Introduction and Market Dynamics
Acetone is a volatile and colorless liquid mainly used as a chemical intermediate across various industry verticals such as electronics, metal cleaning, pharmaceuticals, and automotive, among others, in the manufacturing process. The application areas such as adhesives, inks, and paints & coatings show an increased demand for acetone hence, supplementing the growth of the market. Though, the high initial investment is acting as a restraint for the market. Further, the rising use of polycarbonate in the vehicle industry would generate new growth opportunities for the market in the future years.
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Market Segmentation and Crisp Analysis
The global Acetone Market has been segmented into application and industry. The application segment is further classified into Methyl Methacrylate (MMA), Bisphenol A (BPA), solvents, and other applications. The end-user segment is divided into construction, automotive, pharmaceutical, cosmetics and personal care, electronics, agricultural chemicals, paints, coatings, and adhesives, and other end-user industries. North America, Europe, Asia Pacific, and Rest of the World (RoW) are the geographical classifications of the market.
Regional Segmentation and Crisp Analysis
By geography, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America covers the U.S., Canada, and Mexico, while Europe covers the UK, Germany, France, Italy, and Rest of Europe. China, Japan, India, Korea, and Rest of Asia-Pacific have been analyzed under the Asia-Pacific market. Rest of the world includes Central & South America, the Middle East, and Africa.
Asia-Pacific dominated the global Acetone Market in 2018 and expected to continue its dominance during the forecast period 2019 – 2026. The growth will be majorly attributed to upcoming economies for the electronics and automotive industries. Countries such as India, China, Indonesia, and Malaysia are anticipated to have the highest growth rate of acetone market driven by high growth in the automotive sector.
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Manufacturers Competitive Analysis
Key players are offering innovative products and services to gain consumer attraction and increase their market presence. The major players operating in the global acetone market are Domo Chemicals, The Dow Chemical Company, INEOS Phenol, Honeywell International, Inc., Mitsui Chemicals, Inc., Hindustan Organic Chemicals Limited, Formosa Chemicals, Royal Dutch Shell plc, Fiber Corporation, and CEPSA Quimica, among others.
Scope of the Report
The scope of the report covers in-depth analysis of the market in terms of both qualitative and quantitative analysis across the segments as well as cross-sectional analysis of the segments including the geographies and its countries. Key companies operating in this market and their company profile along with the market share analysis and competitive scenario is also the part of the report. Furthermore, different industries clients’ information has been provided in the report which is very important for the manufacturers. Manufacturers’ data, including revenue, shipment, revenue share, shipment share, and gross profit have been also included, which provide a better understanding of the market competition.
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