Global Acetone Market Report, published by Accurize Market Research, forecast that the global market is expected to grow at a CAGR of 5.1% from 2019 to 2026. Asia-Pacific dominated the global acetone market accounting for the major market share in 2018, driven by high rates of growth accounted by upcoming economies such as China and India.

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Market Introduction and Market Dynamics

Acetone is a volatile and colorless liquid mainly used as a chemical intermediate across various industry verticals such as electronics, metal cleaning, pharmaceuticals, and automotive, among others, in the manufacturing process. The application areas such as adhesives, inks, and paints & coatings show an increased demand for acetone hence, supplementing the growth of the market. Though, the high initial investment is acting as a restraint for the market. Further, the rising use of polycarbonate in the vehicle industry would generate new growth opportunities for the market in the future years.

Market Segmentation and Crisp Analysis

The global Acetone Market has been segmented into application and industry. The application segment is further classified into Methyl Methacrylate (MMA), Bisphenol A (BPA), solvents, and other applications. The end user segment is divided into construction, automotive, pharmaceutical, cosmetics and personal care, electronics, agricultural chemicals, paints, coatings, and adhesives, and other end-user industries. North America, Europe, Asia Pacific, and Rest of the World (RoW) are the geographical classifications of the market.

Regional Segmentation and Crisp Analysis

By geography, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America covers the U.S., Canada, and Mexico, while Europe covers the UK, Germany, France, Italy, and Rest of Europe. China, Japan, India, Korea, and Rest of Asia-Pacific have been analyzed under the Asia-Pacific market. The rest of the world includes Central & South America, the Middle East, and Africa.

Asia-Pacific dominated the global Acetone Market in 2018 and expected to continue its dominance during the forecast period 2019 – 2026. The growth will be majorly attributed to upcoming economies for the electronics and automotive industries. Countries such as India, China, Indonesia, and Malaysia are anticipated to have the highest growth rate of acetone market driven by high growth in the automotive sector.

Manufacturers Competitive Analysis

Key players are offering innovative products and services to gain consumer attraction and increase their market presence. The major players operating in the global acetone market are Domo Chemicals, The Dow Chemical Company, INEOS Phenol, Honeywell International, Inc., Mitsui Chemicals, Inc., Hindustan Organic Chemicals Limited, Formosa Chemicals, Royal Dutch Shell plc, Fiber Corporation, and CEPSA Quimica, among others.

Scope of the Report

The scope of the report covers an in-depth analysis of the market in terms of both qualitative and quantitative analysis across the segments as well as cross-sectional analysis of the segments including the geographies and its countries. Key companies operating in this market and their company profile along with the market share analysis and competitive scenario is also the part of the report. Furthermore, different industries client information has been provided in the report which is very important for the manufacturers. Manufacturers’ data, including revenue, shipment, revenue share, shipment share, and gross profit have been also included, which provide a better understanding of the market competition.

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