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Acetone Market Trends, Top Companies, Share, Growth And Forecast 2032
Acetone Market
The global acetone market size is expected to grow from $4.84 billion in 2022 to $5.20 billion in 2023 at a compound annual growth rate (CAGR) of 7.41%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global acetone market size is expected to grow to $6.63 billion in 2027 at a CAGR of 6.26% .
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Major competitors in the acetone market are INEOS Phenol GmbH, Shell plc, Honeywell International Inc., Prasol Chemicals Limited, Mitsui Chemicals Inc., Kumho P&B Chemicals Inc., SABIC, LyondellBasell Industries Holdings B.V.
A key trend in the acetone market includes product innovation. Major companies operating in the market are focused on research and development for product innovations to sustain their position in the market. For instance, in June 2022, INEOS Phenol GmBH, a Germany-based phenol, and acetone manufacturer launched the INVIRIDISTM. INVIRIDISTM is a bio-attributed innovative product line for phenol, acetone alpha-methyl styrene (AMS), made without using fossil fuels as feedstock. INVIRIDISTM is made using bio-attributed cumene that enables the replacement of fossil fuel resources to offer a lower carbon footprint compared to conventionally produced phenol, acetone, and AMS to deliver a 100% substitution of fossil feedstock (mass balance approach) in its production system.
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The acetone market is segmented -
• By Grade: Specialty Grade Acetone, Technical Grade Acetone
• By Application: Bisphenol A, Methyl Methacrylate (MMA), Solvents, Other Applications,
• By Distribution Channel: Manufacturer to Distributor, Manufacturer to End-User
• By End-User: Paints, Coatings, and Adhesives, Electronics, Cosmetics and Personal Care, Pharmaceutical, Other End-user
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the acetone market.
The Business Research Company's "Global Acetone Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Acetone Market Include:
1. Executive Summary
2. Acetone Market Characteristics
3. Acetone Market Trends And Strategies
4. Acetone Market - Macro Economic Scenario
5. Acetone Market Size And Growth
……
26. Africa Acetone Market
27. Acetone Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Acetone Market
29. Acetone Market Future Outlook and Potential Analysis
30. Appendix
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