With 5.8% CAGR, Acetone Derivatives Market Is Forecasted To Reach A Valuation of US$ 19.9 Billion by 2032

The global acetone derivatives market stands at US$ 11.2 billion in 2022 and is forecasted to progress steadily at a CAGR of 5.8% to reach a market valuation of US$ 19.9 billion by the end of 2032.

Demand for acetone derivatives is high in the paints & coatings industry, which encompasses varied chemicals for the application of paints. Increasing urbanization and high demand for alluring paints will drive the target market over the coming years.

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Key Takeaways from Market Study

• The global acetone derivatives market is estimated to inflate at a CAGR of 5.8% and be valued at US$ 11.9 billion by 2032.

• The market expanded at 4.1% CAGR from 2017 to 2021.

• Under grade, chemical grade acetone derivatives dominate the market and are valued at US$ 6.2 billion in 2022.

• East Asia dominates the global market and holds a share of 31.7%.

• The paints & coatings industry is likely to represent 32.9% market share in 2022.

Competitive Landscape

Leading producers of acetone derivative products are employing sustainable methodologies and product customization for end users. Key suppliers are focused on the development of products that serve varied industry demands. Moreover, manufacturers are strengthening their market position through strategic acquisitions and collaborations.

• In March 2021, Lotte Chemical announced that it will use Honeywell UOP Q-max, EVONIK MSHP, and Phenol 3G technologies to produce phenol and acetone derivatives. Through this technological engagement, Lotte aims at increasing its global production of phenol and acetone derivatives to raise its market position.

• In May 2021, Arkema announced the divestment of its PMMA business to Trinseo. Following this divestment, Arkema aims at becoming a prominent player in the specialty material segment by 2024.

• In June 2022, Ineos Phenol launched its first product line attributed to renewable resources. These innovations are potential substitutes for fossil fuel-based phenol, acetone, and AMS.

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Key Companies Profiled by Fact.MR

• Kumho P&B Chemical
• Mitsubishi Chemicals
• Celanese
• INEOS Phenol
• LG Chem
• Covestro
• Lotte Chemical
• SABIC
• Sasol
• Arkema
• Mitsui Chemicals
• Solvay
• Altivia
• Lyondellbasell
• Braskem
• Shell

Segmentation of Acetone Derivatives Industry Research

• By Product Type :

o Bisphenol
o Diacetone alcohol (DAA)
o Methyl Methacrylate (MMA)
o Isophoron

• By Grade :

o Chemical Grade
o Food Grade
o Pharma Grade

• By Application :

o Solvents
o Additives
o Intermediates

• By End-use Industry :

o Paints & Coatings
o Cosmetics & Personal Care
o Pharmaceuticals
o Adhesives
o Chemicals
o Others

• By Region :

o North America
o Latin America
o Europe
o East Asia
o South Asia & Oceania
o MEA

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Questionnaire answered in the Acetone Derivatives Market report include:

• How the market for Acetone Derivatives has grown?
• What is the present and future outlook of the global Acetone Derivatives on the basis of region?
• What are the challenges and opportunities for the Acetone Derivatives?
• Why the consumption of Acetone Derivatives highest in region?
• In which year segment is expected to overtake segment?

Table of Content

1. Acetone Derivatives Market - Executive Summary

2. Introduction & Coverage

2.1. Market Definition and Introduction
2.2. Market Taxonomy/ Research Scope

3. Market Background and Foundation Data Points

3.1. Global Chemical Industry Outlook
3.2. Global Paints & Coatings Market Outlook
3.3. Global Pharmaceuticals Industry Outlook
3.4. Acetone Market Outlook

4. Global Acetone Derivatives Demand (KT) Analysis and Forecast

4.1. Historical Market Volume (KT) Analysis, 2017-2021
4.2. Current and Future Market Volume (KT) Projections, 2022-2032
4.3. Y-o-Y Volume Growth Trend Analysis

5. Global Acetone Derivatives- Pricing Analysis

5.1. Regional Pricing Analysis
5.2. Price Variance By Grade
Contd….

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