Nov 19, 2020   SOURCE: BusinessWire

Global Acetone Market 2020-2024 | COVID-19 Analysis | Technavio

The global acetone market size is expected to grow by 1,375.25 k tons during 2020-2024, progressing at a CAGR of almost 4% during the forecast period.

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Technavio has announced its latest market research report titled Global Acetone Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Acetone Market 2020-2024 (Graphic: Business Wire)

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The increasing demand from end-user industries is one of the major factors propelling market growth.

Various sectors such as laboratories, electronics, and cosmetics highly depend on acetone for various applications. The increasing demand from end-user industries such as cosmetics and electronics will be one of the primary growth drivers for the global acetone market. The manufacturing process of Bisphenol A (BPA) and Methyl methacrylate (MMA) involve the production of the organic compound, acetone cyanohydrin from acetone. Polymethyl Methacrylate (PMMA), which is derived from MMA, is used in the construction of skylights, medical equipment, automotive components, windows, and lighting fittings. The use of Acetone is also increasing in the electrical and electronics industry as it is used in liquid crystal displays and flat-screen computers. As a result of the increasing applications, the acetone market will grow during the forecast period.

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Global Acetone Market: End-user Landscape

The manufacturing process of polycarbonate requires acetone. Polycarbonate is extensively used in the automotive industry to manufacture various car parts, including sunroofs and windows and taillights, headlamps, and bullet-proof glass. Acetone is the key intermediate for MMA or polymethyl methacrylate (PMMA). PMMA is also used in the automotive industry for exterior car coating and auto-glazing. As a result, the acetone market will register significant growth in the industrial sector. Market growth in this segment will be faster than the growth of the market in the cosmetics and pharmaceutical segments.

Global Acetone Market: Geographic Landscape

The growing industrialization, rapid urbanization, infrastructure development, and increasing consumption of acetone and its derivatives in end-user industries will significantly influence acetone market growth in this region. 56% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea are the key markets for acetone in APAC. Market growth in this region will be faster than the growth of the market in other regions.

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Companies Covered

  • ALTIVIA
  • COMPAÑÍA ESPAÑOLA DE PETRÓLEOS SA
  • Honeywell International Inc.
  • INEOS Group Holdings SA
  • Mitsubishi Chemical Holdings Corp.
  • Mitsui Chemicals Inc.
  • Prasol Chemicals Pvt. Ltd.
  • Royal Dutch Shell
  • SABIC
  • Solvay SA

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2019, 2020, till 2024
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

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Acetone Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist in acetone market growth during the next five years
  • Estimation of the acetone market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the acetone market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of acetone market, vendors

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Value chain analysis
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2019
  • Market outlook
  • Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY END-USER

  • Market segmentation by end-user
  • Comparison by end-user
  • Industrial sector - Market size and forecast 2019-2024
  • Cosmetics industry - Market size and forecast 2019-2024
  • Pharmaceuticals industry - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by end-user

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Growing petroleum refining and cumene production
  • Increasing adoption of methyl methacrylate adhesives
  • Increasing demand for water-based coatings

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • ALTIVIA
  • COMPAÑÍA ESPAÑOLA DE PETRÓLEOS SA
  • Honeywell International Inc.
  • INEOS Group Holdings SA
  • Mitsubishi Chemical Holdings Corp.
  • Mitsui Chemicals, Inc.
  • Prasol Chemicals Pvt. Ltd.
  • Royal Dutch Shell
  • SABIC
  • Solvay SA

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

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