Market Overview

Acetone Market Value and Volume with Status and Prospect 2018 to 2025


Acetone Market Value and Volume with Status and Prospect 2018 to 2025

PR Newswire

PUNE, India, August 27, 2018 /PRNewswire-iReach/ -- Global Acetone Market Study 2018 to 2025

This market study describes the global Acetone market, with focus on major countries and their subsequent demand for different applications. The study covers demand analysis for regions like North America, Western Europe, Central & Eastern Europe, Central & South America, Asia-Pacific and Middle East & Africa and major countries like the U.S., Canada, Mexico, Germany, France, Italy, U.K., Spain, Russia, Poland, Czech Republic, Turkey, China, Japan, India, South Korea, Taiwan, Indonesia, Thailand, Malaysia, Singapore, Brazil, South Africa and Saudi Arabia.

The market is segmented mainly according to the applications such as Bisphenol-A (BPA), Methyl Methacrylate (MMA), Solvent, Aldol Chemicals and others.

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Top Leading Companies are: INEOS Phenol, CEPSA Quimica, S.A., Sasol, Versalis, Borealis Polymers, DOMO Caproleuna, Ufaorgsintez, PKN Orlen, Formosa Chemicals & Fibers Corporation, Kumho P&B Chemicals, Chang Chun Petrochemicals, Taiwan Prosperity Chemicals, LG Chem, PTT Phenol, Sinopec Group, Zhuhai Shi You Chemicals, Chiba Phenol, Mitsubishi Chemicals, Other Manufacturerss, Etc.

The report provides answers to the following key questions:

  • How big is the Acetone market?
  • How is the market evolving by demand, segment and region?
  • What will the market size be in 2025 and at what rate will it grow?
  • What trends, challenges and barriers are influencing its growth?
  • Historical and future price trends for Acetone.

This independent 150 pages report guarantees you will remain better informed than your competition. With over 100 tables and figures examining the Acetone market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader's market revenue forecasts as well as analysis to 2025.

Furthermore, the report provides a detailed analysis of the global Acetone market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done.

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Acetone is a co-product of phenol production from cumene and hence acetone supply demand trends also follow the trends observed in the global phenol market. Small volumes of acetone are produced during acetic acid production and also from molasses fermentation while On-purpose capacity and production of acetone from isopropyl alcohol (IPA) accounts for a very small share in the global acetone production.

Acetone is commercially important ketone and used in applications such as bisphenol-A (BPA), methyl methacrylate (MMA), solvent, aldol chemicals and others. Acetone is used in solvents for coating applications or they are also used as an intermediate for Methyl isobutyl ketone (MIBK) and methyl isobutyl carbinol (MIBC). Pharmaceuticals though only account for a small market. The acetone demand for solvent application is likely to drive the acetone market growing at an average of 3.5% in the long-term forecast till 2025. Bisphenol-A demand is growing at a faster pace as it serves as a raw material for one of the most important engineering plastic, polycarbonates. This will positively reflect on acetone demand growth. On account of moderate to high growth in different regions, the global acetone market is estimated to grow at a CAGR of around 3.0% during the forecast period till 2025.

The pricing and trade of the acetone depend on the mixed interactions amongst the phenol value chain and propylene, the product of interest here include propylene, benzene, acetone, phenol, bisphenol-A and MMA. It is a point to consider that the cash cost of phenol as acetone production is by-product of the complete process. Developments in the MMA economical production and new technologies impacted the demand for acetone.

The demand for acetone, as most of the petrochemicals is led by Asia pacific followed by North America and Western Europe. Asia Pacific and North America leads the production capacity of polycarbonates as well as methyl methacrylate (MMA) which in turn leads to growth in acetone demand. The dominance of China in terms of Acetone consumption will be more prominent during the forecast period owing to its increase in demand from most of the major end-use applications. China already has a higher per capita base in comparison to other Asian countries and Rest of the world. Chinese huge population and high growth rate consistently outstrips the rest of Asia and it is well set for becoming a global premiere economy between 2020 and 2025.

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