Acetone Market to Witness Huge Growth by 2030 | INEOS Phenol, Altivia Chemicals, Royal Dutch Shell PLC

According to HTF Market Intelligence, the Global Acetone market to witness a CAGR of 6.6% during the forecast period (2024-2030). The Latest Released Acetone Market Research assesses the future growth potential of the Acetone market and provides information and useful statistics on market structure and size. This report aims to provide market intelligence and strategic insights to help decision-makers make sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report identifies and analyses the changing dynamics and emerging trends along with the key drivers, challenges, opportunities and constraints in the Acetone market. The Acetone market size is estimated to increase by USD 3.8 Billion at a CAGR of 6.6% from 2024 to 2030. The report includes historic market data from 2024 to 2030. The market value is pegged at USD 6.3 Billion.

The Major Players Covered in this Report: INEOS Phenol (United Kingdom), Altivia Chemicals (United States), Royal Dutch Shell PLC (Netherlands), Sasol Ltd (South Africa), The Dow Chemical Company (United States), Domo Chemicals GmbH (Germany), Formosa Chemical and Fiber Corporation (Taiwan), Gepsa Quimica (Spain), SABIC (Saudi Arabia), Honeywell Research Chemicals (United States), Spectrum Chemical Mfg. Corp. (United States), LG Chem (South Korea), Others

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Definition:

The acetone market refers to the industry segment involved in the production, distribution, and sale of acetone, a volatile organic compound widely used as a solvent, chemical intermediate, and raw material in various industries. Acetone, with the chemical formula (CH3)2CO, is a colorless, flammable liquid characterized by its strong odor and ability to dissolve a wide range of substances. Acetone is a vital raw material in the manufacturing of various consumer products, including nail polish remover, personal care products, and pharmaceuticals. It is also used in the production of explosives, detergents, and agricultural chemicals.

Market Trends:

Shift towards bio-based acetone production to reduce dependence on fossil fuels and mitigate environmental impact.

Integration of acetone recycling and recovery technologies to minimize waste and improve sustainability.

Market Drivers:

High demand for acetone in the production of various industrial chemicals, including solvents, resins, and polymers.

Growth of end-user industries such as pharmaceuticals, cosmetics, and electronics driving demand for acetone-based products.

Market Opportunities:

Expansion into emerging markets with growing demand for acetone-based products in Asia-Pacific and Latin America.

Collaboration opportunities with downstream industries for product development and customization.

Market?Restraints:

Volatility in raw material prices, particularly in the petrochemical industry, affecting acetone production costs.

Regulatory challenges related to environmental emissions and workplace safety standards in acetone manufacturing facilities.

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On 8th November 2022, LG Chem Ltd. has initiated the export of their initial shipment of bio-balanced phenol and acetone, which have been verified by ISCC PLUS. These items are manufactured using renewable sources such as biomass and waste cooking oil. This event represents South Korea's biggest export of ISCC PLUS certified products, comprising 4,000 tons of phenol and 1,200 tons of acetone.

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The titled segments and sub-sections of the market are illuminated below:

In-depth analysis of Acetone market segments by Types: by Grade (≥ 99.5%, < 99.5%)

Detailed analysis of Acetone market segments by Applications: Solvent, MMA, BPA, MIBK, Others Major Key Players of the Market: INEOS Phenol (United Kingdom), Altivia Chemicals (United States), Royal Dutch Shell PLC (Netherlands), Sasol Ltd (South Africa), The Dow Chemical Company (United States), Domo Chemicals GmbH (Germany), Formosa Chemical and Fiber Corporation (Taiwan), Gepsa Quimica (Spain), SABIC (Saudi Arabia), Honeywell Research Chemicals (United States), Spectrum Chemical Mfg. Corp. (United States), LG Chem (South Korea), Others

Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:

- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)

- North America (United States, Mexico & Canada)

- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)

- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)

- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).

Objectives of the Report:

-To carefully analyse and forecast the size of the Acetone market by value and volume.

-To estimate the market shares of major segments of the Acetone market.

-To showcase the development of the Acetone market in different parts of the world.

-To analyse and study micro-markets in terms of their contributions to the Acetone market, their prospects, and individual growth trends.

-To offer precise and useful details about factors affecting the growth of the Acetone market.

-To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Acetone market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.

Global Acetone Market Breakdown by Application (Solvent, MMA, BPA, MIBK, Others) by Grade (≥ 99.5%, < 99.5%) by End Use (Agricultural Chemicals, Paints & Coatings, Rubber Processing, Polymer & Resin Processing, Adhesive, Printing Ink, Others) and by Geography (North America, South America, Europe, Asia Pacific, MEA)

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Key takeaways from the Acetone market report:

– Detailed consideration of Acetone market-particular drivers, Trends, constraints, Restraints, Opportunities, and major micro markets.

– Comprehensive valuation of all prospects and threats in the – In-depth study of industry strategies for growth of the Acetone market-leading players.

– Acetone market latest innovations and major procedures.

– Favourable dip inside Vigorous high-tech and market latest trends remarkable the Market.

– Conclusive study about the growth conspiracy of Acetone market for forthcoming years.

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Major questions answered:

- What are influencing factors driving the demand for Acetone near future?

- What is the impact analysis of various factors in the Global Acetone market growth?

- What are the recent trends in the regional market and how successful they are?

- How feasible is Acetone market for long-term investment?

Key Points Covered in Acetone Market Report:

- Acetone Overview, Definition and Classification Market drivers and barriers

- Acetone Market Competition by Manufacturers

- Acetone Capacity, Production, Revenue (Value) by Region (2024-2030)

- Acetone Supply (Production), Consumption, Export, Import by Region (2024-2030)

- Acetone Production, Revenue (Value), Price Trend by Type {by Grade (≥ 99.5%, < 99.5%)}

- Acetone Market Analysis by Application {Solvent, MMA, BPA, MIBK, Others}

- Acetone Manufacturers Profiles/Analysis

- Acetone Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.

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Major highlights from Table of Contents:

Acetone Market Study Coverage:

- It includes major manufacturers, emerging player's growth story, and major business segments of Acetone market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.

- Acetone Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.

- Acetone Market Production by Region

- Acetone Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.

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