Acetone Market size was valued at US$ 4 Bn. in 2021 and the total revenue is expected to grow at 5.2 % CAGR through 2021 to 2029, reaching nearly US$ 6 Bn.
Acetone Market Overview
The market overview of the Acetone industry reveals a comprehensive analysis of its intricate dynamics. The report presents global, regional, and national market revenue forecasts, emphasizing segment and region-wise sales projections. Notably, the report highlights the intense rivalry within the industry, making it a must-read for industry players seeking to stay ahead of the competition.
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Acetone Market Report Scope and Research Methodology
The analysis of the Acetone Market utilized both primary and secondary research methods. Primary research involved the direct collection of data from the market through surveys, interviews, and observations. Secondary research involved the collection of data from published sources, such as industry reports, company websites, and news articles.
The report also included an extensive, market-oriented, and commercial analysis of the Acetone Market, utilizing a variety of research techniques. The analysis covered various aspects of the market, including region, revenue, financial status, portfolio, technological advancement adopted, and mergers and acquisitions. The growth prospects and future business outlooks of new entrants and existing players in the Acetone market were also researched.
Acetone Market Segmentation
Due to its widespread use in the automobile sector, bisphenol-A is the most popular application segment. However, because of the tightening restrictions on its use, demand is only anticipated to increase gradually. Methyl Methacrylate (MMA), particularly in Asia-Pacific economies, is predicted to increase at a moderate rate due to its usage in cosmetics for artificial nail products. In the electronics and computer industries, methyl methacrylate is mostly utilised for flat displays, DVDs, compact discs, and laser discs. Additionally, conformal coatings employ methyl methacrylate to increase durability and assault resistance. The use of printed circuit boards in the automotive industry is growing.
According to end-use industries, the chemical sector dominates the acetone market. Acetone is a key component of chemical-derived removal treatments that are widely utilised by the sectors that produce cosmetics and personal care goods. Between 2018 and 2021, the global cosmetics industry will see a 2.6% increase in demand for acetone due to the rising need for makeup and nail paint remover products. Acetone has a wide range of uses in the textile industry for degreasing wool and degumming silk. It mixes nicely with water.
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Acetone Market Key Players
• INEOS Phenol
• Royal Dutch Shell PLC
• The Dow Chemical Company
• Mitsui Chemicals, Inc.
• Sasol
• Hindustan Organic Chemicals Limited
• Domo Chemicals
• Honeywell International, Inc.
• Formosa Chemicals and Fiber Corporation
• CEPSA Quimica
• Prasol Chemicals Pvt. Ltd.
• EMCO Limited
• KUMHO P&B Chemicals., Inc.
• SABIC
• LyondellBasell Industries Holdings B.V.
• Shell International B.V.
• Altivia
• Borealis AG
• Domo Chemicals
• U.S. Chemical & Plastics
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Acetone Market Regional Insights
The report provides a comprehensive analysis of growth drivers, constraints, future prospects, and competitive landscape across all regions. The market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa, and the report includes forecasts for each individual region.
Table Of Content
1. Global Acetone Market: Research Methodology
2. Global Acetone Market: Executive Summary
2.1 Market Overview and Definitions
2.1.1. Introduction to Global Acetone Market
2.2. Summary
2.2.1. Key Findings
2.2.2. Recommendations for Investors
2.2.3. Recommendations for Market Leaders
2.2.4. Recommendations for New Market Entry
3. Global Acetone Market: Competitive Analysis
3.1 MMR Competition Matrix
3.1.1. Market Structure by region
3.1.2. Competitive Benchmarking of Key Players
3.2 Consolidation in the Market
3.2.1 M&A by region
3.3 Key Developments by Companies
3.4 Market Drivers
3.5 Market Restraints
3.6 Market Opportunities
3.7 Market Challenges
3.8 Market Dynamics
3.9 PORTERS Five Forces Analysis
3.10 PESTLE
3.11 Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
3.12 COVID-19 Impact
Key questions answered in the Acetone Market are:
- What is Acetone?
- What are the factors driving the Acetone Market growth?
- What are the main challenges the Acetone Market growth?
- What was the Acetone market size in 2021?
- Which trends are expected to generate additional revenue for the Acetone market growth?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Acetone Market?
- What growth strategies are the players considering to increase their foothold in the Acetone Market?
- Who held the largest market share in the Acetone Market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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