Acetone Market - Forecast(2024 - 2030)

Report Code: CMR 67799 Report Format: PDF + Excel
Overview
The Global Acetone (Nf/Fcc/Ep) Market size is forecast to reach around $7 billion by 2025, after growing at a CAGR of 5% during 2020-2025. Acetone (Nf/Fcc/Ep) occurs as a clear, colorless, and volatile liquid. The demand for Acetone is growing owing to its miscible nature with water, alcohol, ether, chloroform, and most volatile oils. The growing uses of Acetone (Nf/Fcc/Ep) in the medical, surgical, and food industry are also driving the Acetone (Nf/Fcc/Ep) Market size growth. Moreover, the growing uses of Acetone (Nf/Fcc/Ep) stream as a feedstock for the production of specialty chemicals is also driving the growth of global Acetone (Nf/Fcc/Ep) market size over the study period.

Report Coverage
The report: “Global Acetone (Nf/Fcc/Ep) Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Global Acetone (Nf/Fcc/Ep) Industry. 
By Grade: Acetone FCC, Acetone NF, and Acetone EP
By Application: Methyl Methacrylate (MMA), Bisphenol-A (BPA), Direct Solvent, Aldol Chemicals, and Others
By End-Use Industry: Pharmaceutical/medical, Agriculture, Mining, Rubber industry, Chemical, Oil and Gas, Personal Care, Food and Beverages, and Others 
By Geography: North America, South America, Europe, APAC, RoW

Key Takeaways
  • In the North America region, in 2019, the USA and Canada are the major market for the Acetone (Nf/Fcc/Ep) owing to the presence of key players and the developed pharmaceutical and petrochemical sector. 
  • In the manufacturing sector acetone is expected to be replaced by surfasolve, bio-solv, replacetone, acastrip r, and methyl acetate and that of in the paints and coatings industry, it is replaced by Methyl-Ethyl-Ketone (MEK) and Trichloroethylene (TCE).
  • The U.S. Food and Drug Administration (FDA) has determined acetone (FCC) is safe for use as an indirect food additive in adhesives and food-contact coatings.

Grade - Segment Analysis
Acetone NF grade the segment held the largest share of more than 35% in 2019 and is projected to witness significant growth in the global Acetone (Nf/Fcc/Ep) market during the forecast period. This growth is attributed to its wide use across various industry applications like gums, resins, waxes, fats, greases, oils, dyestuffs, and cellulosic. Furthermore, surging uses in the manufacture of a wide variety of coatings and plastics is also contributing to the growth of this segment over the forecast period, which in turn drives the growth of this market.

Application - Segment Analysis
Methyl Methacrylate (MMA) held the largest share of more than 35% in 2019 and is projected to witness moderate growth in the global Acetone (Nf/Fcc/Ep) market during the forecast period. This growth is attributed to the growing uses of MMA is a key to the raw material for the production of polymethyl methacrylate (PMMA) drives the growth of this segment, which in turn propels this market growth. Whereas surging uses of PMMA to produce acrylic sheet-like cast and extruded and acrylic molding and extrusion compounds drive the growth of the MMA segment, which in turn drives the growth of this market. Furthermore, the surging uses of MMA in the molding and extrusion compounds for automotive parts and medical devices is also contributing to the growth of this segment over the forecast period, which in turn drives the growth of this market. 

End-Use Industry - Segment Analysis
The pharmaceutical/medical segment held the largest share of more than 25% in 2019 and is projected to grow at a substantial rate during the forecast period owing to the growing uses of acetone as a cleaning agent for tooth surfaces and root canals. Whereas, acetones are available with different grades based on the purity level. Majorly the high-purity acetone grades are uses as pharmaceutical-grade acetone with no benzene. Besides, the growing development of the medical sector in the developing regions is also contributing to the growth of this market during the forecast period.

Geography - Segment Analysis
Among the regions, the APAC region is projected to witness the highest CAGR of around 7% in the global Acetone (Nf/Fcc/Ep) market followed by North America and Europe during the forecast period. This growth is attributed to the growing disposable income, developing petrochemical plants in China and India, growing uses of personal care products, and growing urbanization across the region. Additionally, the fastest-growing pharmaceutical and cosmetic sectors are also contributing to the growth of this market in the APAC region. Moreover, China, Japan, India, Thailand and Malaysia are the major countries that are driving the growth of Acetone (Nf/Fcc/Ep) the market in the APAC region.

Drivers – Acetone (Nf/Fcc/Ep) Market
  • Growing demand of Bisphenol-A for the production of resins 
Bisphenol A is one of the end-use for acetone. Whereas, Bisphenol A is a raw material used for the production of various resins like epoxy and polycarbonate resins. The growing uses of polycarbonate products across various applications like the optical media for the CDs and DVDs, and in the electrical and electronic for the insulators, connectors, and housings, and in automotive sectors is driving the demand of Bisphenol A, which in turn propels the growth of this market. However, with the development of new technology the demand for optical media has been developed, due to growing uses of the internet for streaming movies and music. This growth is also a contributor to market growth. Furthermore, the construction, automotive, and computer segments are known as key growth markets. Thus, demand for polycarbonate is expected to increase, which will continue to drive Bisphenol-A (BPA) growth during the forecast period. Moreover, the surging uses of Epoxy resins derived from Bisphenol-A (BPA) the manufacturing of water pipes, cans, and thermal paper is also contributing to the growth of the BPA market, which in turn drives the growth of the Acetone market through the forecast period.

Challenges – Acetone (Nf/Fcc/Ep) Market
  • The emergence of COVID-19 and hazardous effects of acetone
The World Health Organization (WHO) has declared COVID-19 a pandemic due to its impact on human health, economy, industries, and others. The outbreak of COVID-19 worldwide is having a noticeable impact on global economic growth. The spread of COVID-19 has disrupted global supply chains and also declined labor availability, consequently impacting manufacturing plants globally. This will ultimately have a direct impact on demand for Acetone (Nf/Fcc/Ep). The pandemic is affecting operations of various industries including agriculture, chemical, personal care, automotive, aerospace, and others. So the impact of COVID-19 will be felt for the entire financial year and also affect the growth of this market. Besides, Acetone is a flammable, colorless, volatile liquid. The high disclosure of acetone may cause unconsciousness, seizures, and respiratory distress thus affecting acetone market growth.

Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Acetone (Nf/Fcc/Ep) market report. In 2019, the market of Acetone (Nf/Fcc/Ep) top 10 players accounting for xx% of the share. Major players in the Acetone (Nf/Fcc/Ep) Market outlook are INEOS Phenol GmbH; The Dow Chemical Company; Royal Dutch Shell Co; Honeywell Chemicals; Mitsui Chemicals Inc, LyondellBasell Industries; SABIC, Kumho P&B Chemicals, and Cepsa Quimica, S.A. and among others.

Acquisitions/Technology Launches
In March 2019, INEOS Phenol announced to build a world scale, state of the art cumene unit in Marl Germany, to be completed in 2021. The construction of the plant will support customer’s ambitions and secure the supply of raw material to the INEOS phenol and acetone plants across the country.
1. Acetone (Nf/Fcc/Ep) Market- Market Overview
    1.1 Definitions and Scope
2. Acetone (Nf/Fcc/Ep) Market- Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key Trends by Grade
    2.3 Key Trends by Application
    2.4 Key Trends by End-Use Industry
    2.5 Key Trends by Geography
3. Acetone (Nf/Fcc/Ep) Market- Landscape
    3.1 Comparative analysis
        3.1.1 Market Share Analysis- Top Companies
        3.1.2 Product Benchmarking- Top Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top Companies
        3.1.5 Pricing Analysis
4. Acetone (Nf/Fcc/Ep) Market- Startup companies Scenario Premium Premium  
    4.1 Top startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5 Venture Capital and Funding Scenario
5. Acetone (Nf/Fcc/Ep) Market– Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top companies
6. Acetone (Nf/Fcc/Ep) Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    6.4 Porters Five Force Model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of buyers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes 
7. Acetone (Nf/Fcc/Ep) Market-Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Market life cycle
    7.4 Suppliers and distributors
8. Acetone (Nf/Fcc/Ep) Market– By Grade (Market Size -$Million)
    8.1 Acetone FCC
    8.2 Acetone NF
    8.3 Acetone EP
9. Acetone (Nf/Fcc/Ep) Market– By Application (Market Size -$Million)
    9.1 Methyl Methacrylate (MMA)
    9.2 Bisphenol-A (BPA)
    9.3 Direct Solvent
    9.4 Aldol Chemicals
    9.5 Others
10. Acetone (Nf/Fcc/Ep) Market– By End-Use Industry (Market Size -$Million)
    10.1 Pharmaceutical/Medical
    10.2 Agriculture
    10.3 Mining
    10.4 Rubber industry
    10.5 Chemical
    10.6 Oil and Gas
    10.7 Food and Beverages
    10.8 Personal Care
    10.9 Others
11. Acetone (Nf/Fcc/Ep) Market- By Geography (Market Size -$Million)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 South America
        11.2.1 Brazil
        11.2.2 Argentina
        11.2.3 Colombia
        11.2.4 Rest of South America
    11.3 Europe
        11.3.1 U.K
        11.3.2 Germany
        11.3.3 Italy
        11.3.4 France
        11.3.5 Spain
        11.3.6 Netherlands
        11.3.7 Russia
        11.3.8 Rest of Europe
    11.4 Asia-Pacific
        11.4.1 China
        11.4.2 India
        11.4.3 Japan
        11.4.4 Australia & New Zealand (ANZ)
        11.4.5 South Korea
        11.4.6 Rest of Asia-Pacific
    11.5 ROW
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of South Africa
12. Acetone (Nf/Fcc/Ep) Market- Entropy
    12.1 New Product Launches
    12.2 M&A’s, Collaborations, JVs and Partnerships
13. Market Share Analysis Premium
    13.1 Market Share by Country- Top companies
    13.2 Market Share by Region- Top companies
    13.3 Market Share by product/product category- Top companies
    13.4 Market Share at global level- Top companies
    13.5 Best Practices for companies
14. Acetone (Nf/Fcc/Ep) Market- List of Key Companies by Country Premium  
15. Acetone (Nf/Fcc/Ep) Market- Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Company 1
15.3 Company 2
15.4 Company 3
15.5 Company 4
15.6 Company 5
15.7 Company 6
15.8 Company 7
15.9 Company 8
15.10 Company 9
15.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global Acetone Market Analysis and Forecast, By End-use Industry Market 2023-2030 ($M)
1.1 By End-use Industry Market 2023-2030 ($M) - Global Industry Research
1.1.1 Chemical Allied Products Market 2023-2030 ($M)
1.1.2 Pharmaceutical Drugs Market 2023-2030 ($M)
1.1.3 Cosmetics Personal Care Use Market 2023-2030 ($M)
1.2 Prominent Trends Market 2023-2030 ($M) - Global Industry Research
2.Global Competition Landscape Market 2023-2030 ($M)
2.1 INEOS Phenol Market 2023-2030 ($M) - Global Industry Research
2.2 Royal Dutch Shell PLC Market 2023-2030 ($M) - Global Industry Research
2.3 Sasol Market 2023-2030 ($M) - Global Industry Research
2.4 The Dow Chemical Company Market 2023-2030 ($M) - Global Industry Research
2.5 Mitsui Chemicals, Inc. Market 2023-2030 ($M) - Global Industry Research
2.6 Hindustan Organic Chemicals Limited Market 2023-2030 ($M) - Global Industry Research
2.7 Domo Chemicals Market 2023-2030 ($M) - Global Industry Research
2.8 Honeywell International, Inc. Market 2023-2030 ($M) - Global Industry Research
2.9 Formosa Chemicals and Fiber Corporation Market 2023-2030 ($M) - Global Industry Research
2.10 CEPSA Quimica Market 2023-2030 ($M) - Global Industry Research
3.Global Acetone Market Analysis and Forecast, By End-use Industry Market 2023-2030 (Volume/Units)
3.1 By End-use Industry Market 2023-2030 (Volume/Units) - Global Industry Research
3.1.1 Chemical Allied Products Market 2023-2030 (Volume/Units)
3.1.2 Pharmaceutical Drugs Market 2023-2030 (Volume/Units)
3.1.3 Cosmetics Personal Care Use Market 2023-2030 (Volume/Units)
3.2 Prominent Trends Market 2023-2030 (Volume/Units) - Global Industry Research
4.Global Competition Landscape Market 2023-2030 (Volume/Units)
4.1 INEOS Phenol Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Royal Dutch Shell PLC Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Sasol Market 2023-2030 (Volume/Units) - Global Industry Research
4.4 The Dow Chemical Company Market 2023-2030 (Volume/Units) - Global Industry Research
4.5 Mitsui Chemicals, Inc. Market 2023-2030 (Volume/Units) - Global Industry Research
4.6 Hindustan Organic Chemicals Limited Market 2023-2030 (Volume/Units) - Global Industry Research
4.7 Domo Chemicals Market 2023-2030 (Volume/Units) - Global Industry Research
4.8 Honeywell International, Inc. Market 2023-2030 (Volume/Units) - Global Industry Research
4.9 Formosa Chemicals and Fiber Corporation Market 2023-2030 (Volume/Units) - Global Industry Research
4.10 CEPSA Quimica Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America Acetone Market Analysis and Forecast, By End-use Industry Market 2023-2030 ($M)
5.1 By End-use Industry Market 2023-2030 ($M) - Regional Industry Research
5.1.1 Chemical Allied Products Market 2023-2030 ($M)
5.1.2 Pharmaceutical Drugs Market 2023-2030 ($M)
5.1.3 Cosmetics Personal Care Use Market 2023-2030 ($M)
5.2 Prominent Trends Market 2023-2030 ($M) - Regional Industry Research
6.North America Competition Landscape Market 2023-2030 ($M)
6.1 INEOS Phenol Market 2023-2030 ($M) - Regional Industry Research
6.2 Royal Dutch Shell PLC Market 2023-2030 ($M) - Regional Industry Research
6.3 Sasol Market 2023-2030 ($M) - Regional Industry Research
6.4 The Dow Chemical Company Market 2023-2030 ($M) - Regional Industry Research
6.5 Mitsui Chemicals, Inc. Market 2023-2030 ($M) - Regional Industry Research
6.6 Hindustan Organic Chemicals Limited Market 2023-2030 ($M) - Regional Industry Research
6.7 Domo Chemicals Market 2023-2030 ($M) - Regional Industry Research
6.8 Honeywell International, Inc. Market 2023-2030 ($M) - Regional Industry Research
6.9 Formosa Chemicals and Fiber Corporation Market 2023-2030 ($M) - Regional Industry Research
6.10 CEPSA Quimica Market 2023-2030 ($M) - Regional Industry Research
7.South America Acetone Market Analysis and Forecast, By End-use Industry Market 2023-2030 ($M)
7.1 By End-use Industry Market 2023-2030 ($M) - Regional Industry Research
7.1.1 Chemical Allied Products Market 2023-2030 ($M)
7.1.2 Pharmaceutical Drugs Market 2023-2030 ($M)
7.1.3 Cosmetics Personal Care Use Market 2023-2030 ($M)
7.2 Prominent Trends Market 2023-2030 ($M) - Regional Industry Research
8.South America Competition Landscape Market 2023-2030 ($M)
8.1 INEOS Phenol Market 2023-2030 ($M) - Regional Industry Research
8.2 Royal Dutch Shell PLC Market 2023-2030 ($M) - Regional Industry Research
8.3 Sasol Market 2023-2030 ($M) - Regional Industry Research
8.4 The Dow Chemical Company Market 2023-2030 ($M) - Regional Industry Research
8.5 Mitsui Chemicals, Inc. Market 2023-2030 ($M) - Regional Industry Research
8.6 Hindustan Organic Chemicals Limited Market 2023-2030 ($M) - Regional Industry Research
8.7 Domo Chemicals Market 2023-2030 ($M) - Regional Industry Research
8.8 Honeywell International, Inc. Market 2023-2030 ($M) - Regional Industry Research
8.9 Formosa Chemicals and Fiber Corporation Market 2023-2030 ($M) - Regional Industry Research
8.10 CEPSA Quimica Market 2023-2030 ($M) - Regional Industry Research
9.Europe Acetone Market Analysis and Forecast, By End-use Industry Market 2023-2030 ($M)
9.1 By End-use Industry Market 2023-2030 ($M) - Regional Industry Research
9.1.1 Chemical Allied Products Market 2023-2030 ($M)
9.1.2 Pharmaceutical Drugs Market 2023-2030 ($M)
9.1.3 Cosmetics Personal Care Use Market 2023-2030 ($M)
9.2 Prominent Trends Market 2023-2030 ($M) - Regional Industry Research
10.Europe Competition Landscape Market 2023-2030 ($M)
10.1 INEOS Phenol Market 2023-2030 ($M) - Regional Industry Research
10.2 Royal Dutch Shell PLC Market 2023-2030 ($M) - Regional Industry Research
10.3 Sasol Market 2023-2030 ($M) - Regional Industry Research
10.4 The Dow Chemical Company Market 2023-2030 ($M) - Regional Industry Research
10.5 Mitsui Chemicals, Inc. Market 2023-2030 ($M) - Regional Industry Research
10.6 Hindustan Organic Chemicals Limited Market 2023-2030 ($M) - Regional Industry Research
10.7 Domo Chemicals Market 2023-2030 ($M) - Regional Industry Research
10.8 Honeywell International, Inc. Market 2023-2030 ($M) - Regional Industry Research
10.9 Formosa Chemicals and Fiber Corporation Market 2023-2030 ($M) - Regional Industry Research
10.10 CEPSA Quimica Market 2023-2030 ($M) - Regional Industry Research
11.APAC Acetone Market Analysis and Forecast, By End-use Industry Market 2023-2030 ($M)
11.1 By End-use Industry Market 2023-2030 ($M) - Regional Industry Research
11.1.1 Chemical Allied Products Market 2023-2030 ($M)
11.1.2 Pharmaceutical Drugs Market 2023-2030 ($M)
11.1.3 Cosmetics Personal Care Use Market 2023-2030 ($M)
11.2 Prominent Trends Market 2023-2030 ($M) - Regional Industry Research
12.APAC Competition Landscape Market 2023-2030 ($M)
12.1 INEOS Phenol Market 2023-2030 ($M) - Regional Industry Research
12.2 Royal Dutch Shell PLC Market 2023-2030 ($M) - Regional Industry Research
12.3 Sasol Market 2023-2030 ($M) - Regional Industry Research
12.4 The Dow Chemical Company Market 2023-2030 ($M) - Regional Industry Research
12.5 Mitsui Chemicals, Inc. Market 2023-2030 ($M) - Regional Industry Research
12.6 Hindustan Organic Chemicals Limited Market 2023-2030 ($M) - Regional Industry Research
12.7 Domo Chemicals Market 2023-2030 ($M) - Regional Industry Research
12.8 Honeywell International, Inc. Market 2023-2030 ($M) - Regional Industry Research
12.9 Formosa Chemicals and Fiber Corporation Market 2023-2030 ($M) - Regional Industry Research
12.10 CEPSA Quimica Market 2023-2030 ($M) - Regional Industry Research
13.MENA Acetone Market Analysis and Forecast, By End-use Industry Market 2023-2030 ($M)
13.1 By End-use Industry Market 2023-2030 ($M) - Regional Industry Research
13.1.1 Chemical Allied Products Market 2023-2030 ($M)
13.1.2 Pharmaceutical Drugs Market 2023-2030 ($M)
13.1.3 Cosmetics Personal Care Use Market 2023-2030 ($M)
13.2 Prominent Trends Market 2023-2030 ($M) - Regional Industry Research
14.MENA Competition Landscape Market 2023-2030 ($M)
14.1 INEOS Phenol Market 2023-2030 ($M) - Regional Industry Research
14.2 Royal Dutch Shell PLC Market 2023-2030 ($M) - Regional Industry Research
14.3 Sasol Market 2023-2030 ($M) - Regional Industry Research
14.4 The Dow Chemical Company Market 2023-2030 ($M) - Regional Industry Research
14.5 Mitsui Chemicals, Inc. Market 2023-2030 ($M) - Regional Industry Research
14.6 Hindustan Organic Chemicals Limited Market 2023-2030 ($M) - Regional Industry Research
14.7 Domo Chemicals Market 2023-2030 ($M) - Regional Industry Research
14.8 Honeywell International, Inc. Market 2023-2030 ($M) - Regional Industry Research
14.9 Formosa Chemicals and Fiber Corporation Market 2023-2030 ($M) - Regional Industry Research
14.10 CEPSA Quimica Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Acetone Market Revenue, 2023-2030 ($M)
2.Canada Acetone Market Revenue, 2023-2030 ($M)
3.Mexico Acetone Market Revenue, 2023-2030 ($M)
4.Brazil Acetone Market Revenue, 2023-2030 ($M)
5.Argentina Acetone Market Revenue, 2023-2030 ($M)
6.Peru Acetone Market Revenue, 2023-2030 ($M)
7.Colombia Acetone Market Revenue, 2023-2030 ($M)
8.Chile Acetone Market Revenue, 2023-2030 ($M)
9.Rest of South America Acetone Market Revenue, 2023-2030 ($M)
10.UK Acetone Market Revenue, 2023-2030 ($M)
11.Germany Acetone Market Revenue, 2023-2030 ($M)
12.France Acetone Market Revenue, 2023-2030 ($M)
13.Italy Acetone Market Revenue, 2023-2030 ($M)
14.Spain Acetone Market Revenue, 2023-2030 ($M)
15.Rest of Europe Acetone Market Revenue, 2023-2030 ($M)
16.China Acetone Market Revenue, 2023-2030 ($M)
17.India Acetone Market Revenue, 2023-2030 ($M)
18.Japan Acetone Market Revenue, 2023-2030 ($M)
19.South Korea Acetone Market Revenue, 2023-2030 ($M)
20.South Africa Acetone Market Revenue, 2023-2030 ($M)
21.North America Acetone By Application
22.South America Acetone By Application
23.Europe Acetone By Application
24.APAC Acetone By Application
25.MENA Acetone By Application