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The Acetone Market Size was valued at USD 6.1 billion in 2023, and is expected to reach USD 11.9 billion by 2032, and grow at a CAGR of 7.7% over the forecast period 2024-2032.
The acetone market is reshaping dynamically by the combination of industry development, technology innovation, and shifting consumer trends. On the industrial and consumer applications side, this versatile solvent of acetone is applied in many industrial and consumer applications and is growing with great vigor, driven by some important factors. One of the chief drivers is the accelerating usage of acetone for making high-performance composites and polymers. This surge is most particularly noticeable in industries such as automotive and aerospace, which, with acetone able to find applications as a solvent in resin formulations and as a cleaning agent for composite materials, continue to push the boundaries of technological innovation. The demand for acetone, therefore, has been very high, as it has become an increasingly critical raw material for their manufacturing processes.
Recent developments in the acetone market underline that this industry has not stopped growing. For instance, in July 2023, Shell Chemicals was working on a next-generation acetone plant in Singapore. The new facility would help further increase the capacity of Shell with regards to the manufacture of high-quality acetone and supply the rising demand that comes from the Asia-Pacific region. The investment is very strategic in terms of increasing the presence of the firm in the acetone market and helps achieve higher-order sustainability goals by embedding advanced production technologies that lower the impact on the environment. In November 2023, BASF SE also announced a large investment in its acetone production capabilities in Ludwigshafen, Germany. The group is eyeing this investment to enhance production efficiency and meet rising demand for acetone in Europe. The step taken by BASF forms part of a broader strategy to upgrade its chemical manufacturing infrastructure by upgrading plants in order to enhance output and optimize environmental performance. It will further strengthen BASF's supply chain and create it as the largest acetone supplier.
Technological developments are also playing an important role in the acetone market. In March 2024, a joint venture of Dow Chemical and LG Chem announced a process technology breakthrough that would significantly cut energy use and generate significantly less waste in acetone production. This new technology uses state-of-the-art catalytic processes to enhance production effectiveness but with less damage to the environment. This story was yet another example of how the greener roadmap in methods of production was coming out of the industry.
Changing consumer and industrial preferences also drive demand for the acetone market. Green and sustainable products evoke research and development activity leading to bio-based acetone. The breakthrough achievement in January 2024 announced by Archer Daniels Midland included the capability to produce bio-acetone from renewable resources. This development falls in line with global trends toward sustainability and provides an alternate source to traditional acetone production processes, dependent on fossil fuels. The new bio-based acetone will serve the growing consumer preference for green products and offer a source of differentiation in the acetone market.
Market Dynamics:
Drivers:
Growing demand for acetone as a solvent across various industries is the major driver shaping the trajectory of the market. The broad range of applications has rendered acetone a significant solvent and ensured maximum adoption across various industries. For instance, in March 2023, PPG Industries, a global coatings manufacturer, entered new markets with its comprehensive range of acetone-based solvents for high-performance coating applications in the automotive and industrial segments. The transfer emphasizes the reason acetone is vital in the designing of coatings that guarantee shine and high lifespan. Also, in June 2023, the pharmaceutical leader Pfizer also embraced acetone in manufacturing drugs that would enhance the solubility and stability of various drugs, a reason why the chemical is regarded as significant in the other relevant pharmaceutical industries. Further, in September 2023, Apple Inc. stated that the consumer electronics company used acetone during the production of electronic parts for cleaning and degreasing purposes before assembling these parts; this depicts its important role in ensuring the quality and precision of today's high-tech devices. Moreover, in November 2023, Henkel AG expanded its portfolio on acetone-based adhesives to help meet the already growing demand from the construction sector. These examples show the wide application of acetone as a solvent, driven by its distinctive properties, like rapid evaporation and effective dissolution capabilities that make it essential for a wide variety of industrial and consumer products.
The rising demand for acetone in the production of polycarbonate resins is one of the major driving factors for the market. Polycarbonate resins have broader applicability in automobile parts, electronic devices, and building material owing to the strength and transparency they provide. For instance, in April 2023, Sabic—the worldwide leader in diversified chemicals—announced a significant capacity increment to manufacture polycarbonate resins from its facility based in Geleen, the Netherlands. Such growth was driven by the growing need for high-performance materials in industries like automotive and electronics, where impact resistance and optical clarity of polycarbonate resins apply. In August 2023, Covestro AG—leading in advanced high-tech polymer materials production released a line of polycarbonate resins for the production of the latest generation of electronic devices. The quality of acetone as a solvent for these resins plays a central role in ensuring the optimal performance and highest quality of polycarbonate products, which are by nature irreplaceable. In December 2023, Mitsubishi Chemical Corporation declared the development of high thermal stability of new polycarbonate resin which is further having improved mechanical properties; at the time of polymerization, acetone has been used as its major component. This escalating polycarbonate resin manufacturing trend underlines the growing dependence on acetone, propelled by the demand for materials that combine versatility and performance for high-tech and industrial applications.
Restraints:
The high degree of flammability associated with acetone, together with low acute toxicity risks, is a significant restraint to its market applications. The flammability problem requires strict safety measures and handling procedures, thereby increasing operation costs for manufacturers and users. For instance, in February 2024, the chemical giant Dow Inc. was under regulatory pressure over its acetone production facilities due to new safety rules governing fire hazards. These regulations compelled Dow to make an adequate investment in state-of-the-art safety systems, and updated its storage practices to bring them up to the improved standards of safety. In May 2024, BASF SE delayed an expansion of acetone production capacity at Ludwigshafen, Germany, over fire safety concerns and implementation of more safety infrastructure. The case points out how this acetone flammability feature may make things worse by burdening operation costs and increasing operational complexities, thus affecting the market dynamics.
Opportunities:
Increasing applications of acetone in the healthcare industry represent an opportunity for the market, as the material is being increasingly used in several medical and pharmaceutical applications. Because it's such a versatile and powerful cleaning agent as a solvent, acetone has become highly cherished in health facilities. For instance, in January 2024, Johnson & Johnson announced a new initiative to use acetone in its manufacturing processes of medical devices by taking advantage of the solvent property and its improved service in cleaning and sterilizing the complex surgical equipment. This foregrounds the inescapable role of acetone in maintaining hygiene standards and medical equipment functionalities. Besides, in the March of 2024, Pfizer continued the use of acetone in the pharmaceutical formulations for drug synthesis and purification works. This reflects the fact that acetone is highly recognizable as treatment to ensure the integrity and effectiveness of drugs. In July, 2024, Siemens Healthineers began using acetone in the imaging equipment during cleaning of sensitive parts and maintenance, for better performance under reliability. These are prominent examples of how the applications of acetone further expand within the health care sector by playing an efficient role in the upgradation of quality and safety of health products and services.
Challenges:
The stringent regulations placed, therefore, pose a huge challenge to the market on the use and disposal of acetone, as companies have to go through complex compliance requirements that may affect operational efficiency and costs. For example, in the United States, a new requirement on handling and disposal was set by the Environmental Protection Agency as a regulatory body in June 2024. Businesses will need to invest in innovative technologies for waste treatment to comply with ever-tightening environmental standards. This regulation altered major companies like Eastman Chemical Company, who were supposed to improve the safety features of their manufacturing units producing acetone and also the waste disposal methodology. By October 2024, operations in Europe were a pain for BASF SE because the European Union was making it very difficult to test and report on acetone emissions under the revised REACH regulations. Such compliance-oriented regulatory barriers needed modification at huge expenses for updating compliance protocols and operational processes, leading the continuous challenge to handle Acetone's environmental impact strictly under the Rule of Law.
KEY MARKET SEGMENTS
By Grade
In 2023, the Technical Grade dominated in acetone market due to its large range of application across industries such as automotive, construction, and electronics. Technical Grade acetone is highly pure and finds very effective usage as a solvent in the industrial process; hence, it was preferred due to cost effectiveness and versatility. For instance, companies like Dow Chemical and Shell Chemical demonstrated rising demand for Technical Grade acetone in their production. It is hence projected that the share of Technical Grade acetone will be around 70% in 2023, considering that the massive diversified industrial uses the product finds are compared to the Specialty Grade acetone, which caters to more or less niche markets with higher purity and specific performance requirements.
By Application
The Solvents segment dominated the acetone market in 2023, as the acetone type of material is an extensively used one in both industrial and consumer applications. Because of its highly efficient performance as a solvent, it has been applied extensively for cleaning, degreasing, and in paint and coatings formulations. Some leading chemical companies, like BASF and PPG Industries, showed robust demand for the product in their solvent applications, citing its importance in product quality and performance. Volume-wise, the Solvents segment is expected to hold around 60% of the market share in 2023 and grow at a much faster rate than other applications such as Bisphenol A and Methyl Methacrylate, which find significant, albeit niche, applications in comparison.
Regional Analysis
Asia Pacific dominated the acetone market, with a share of around 48% of the revenues in 2023, which is expected to grow further with a strong CAGR during the forecast period. The leading position of the Asia Pacific region in the acetone market is supported by its large, established, and rapidly growing chemical industry. This has encouraged large-scale production and circulation of acetone through the channels set up by the chemical manufacturers in the region. Also, enough raw materials, like propylene, increase the acetone production capacity of the region. Besides, huge growth in the manufacturing sector within the Asia Pacific region has been seen, which inflated the demand for acetone. It finds applications in a number of industries, ranging from automobile and construction to pharmaceutical and cosmetics industries. As these sectors proliferate in the region, there is a concomitant forecast that demands for acetone-based products such as solvents, adhesives, and coatings will grow accordingly.
Moreover, Europe emerged as the fastest-growing region, holding a CAGR of about 8.3% in the acetone market during the forecast period of 2024–2032. Strong industrialization in the region is supposed to play a major function from the automotive, construction, and pharmaceutical industries. It will also further give an up thrust to the demand for acetone. Besides, growing priorities for sustainable practices and restraining norms on the environment have significantly increased the demand for bio-based acetone in Europe. The product is used as an initiative to cut down on the carbon footprint created in the region and towards an easy adaptation of greener and more sustainable substitutes. This shape towards bio-based acetone derived from renewable resources such as biomass and waste materials is supposed to create growth opportunities in the Europe market.
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Key Players
The major key players are INEOS Phenol GmbH, SABIC, The Dow Chemical Company, Domo Chemicals GmbH, Formosa Chemical and Fiber Corporation, Kumho P&B Chemicals, Royal Dutch Shell PLC, Honeywell Research Chemicals, Spectrum Chemical Mfg. Corp., Altivia Chemicals, and other key players mentioned in the final report.
January 2024: Haldia Petrochemicals Ltd. inaugurated a mega phenol plant in Kolkata; the facility is expected to be operational by Q1 2026 and will produce 185 KTPA of acetone and 300 KTPA of phenol annually.
December 2023: A Thai company, PTT Global Chemical, said production of acetone and phenol would be restarted on a commercial operating basis in. It is focusing on the optimization of plant resource efficiency. Its production facility has a yearly capacity of 150,000 tons for acetone and 250,000 tons for phenol.
April 2023: KBR, Inc. and Wanhua Chemical Group Co., Ltd. announced the record completion of new technology for a 650 KTA acetone/phenol plant in Shandong Province, with start-up and high-quality product delivery in eight days.
June 2022: INEOS Phenol launched INVIRIDISTM, the first line of its bio-attributed products, with phenol, acetone, and alpha-methyl styrene (AMS) that are made without the use of fossil fuels.
| Report Attributes | Details |
| Market Size in 2023 | US$ 6.1 Bn |
| Market Size by 2032 | US$ 11.9 Bn |
| CAGR | CAGR of 7.7% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Grade (Technical Grade and Specialty Grade) • By Application (Solvents, Bisphenol A (BPA), Methyl Methacrylate (MMA), and Others) • By End-use (Agricultural Chemicals, Cosmetics & Personal Care, Automotive, Paints & Coatings, Plastics, Pharmaceuticals, Rubber Processing, Printing Ink, Polymer & Resin Processing, Adhesive, and Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | INEOS Phenol GmbH, SABIC, The Dow Chemical Company, Domo Chemicals GmbH, Formosa Chemical and Fiber Corporation, Kumho P&B Chemicals, Royal Dutch Shell PLC, Honeywell Research Chemicals, Spectrum Chemical Mfg. Corp., Altivia Chemicals |
| Key Drivers | • Increasing demand for acetone as a solvent in various industries • Rising demand for acetone in the production of polycarbonate resins • Growing popularity of acetone as a cleaning agent in the electronics industry |
| Market Restraints | • Fluctuating prices of crude oil • High level of flammability while posing low acute toxicity risks |
Ans: The Acetone Market was valued at USD 6.1 billion in 2023.
Ans: The expected CAGR of the global Acetone Market during the forecast period is 7.7%.
Ans: Cosmetics manufacturers utilize acetone as a solvent in the production of various personal care products. Its ability to dissolve oils, waxes, and other ingredients allows for the creation of creams, lotions, and nail polish removers. Acetone's quick evaporation also contributes to the desired texture and consistency of these products.
Ans: The Growing demand for bio-based acetone, derived from renewable sources such as biomass and waste, offers a promising avenue for market expansion.
Ans: Stringent regulations regarding the use and disposal of acetone, due to its hazardous nature, pose challenges for market players. These restraints can limit the growth potential of the acetone market.
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Production Capacity and Utilization Analysis by Region
5.2 Feedstock Prices Analysis by Region
5.3 Regulatory Impact: Effects of regulations on production and usage.
5.4 Environmental Metrics Analysis by Region
5.5 Innovation and R&D
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Acetone Market Segmentation, by Grade
7.1 Chapter Overview
7.2 Technical Grade
7.2.1 Technical Grade Market Trends Analysis (2020-2032)
7.2.2 Technical Grade Market Size Estimates and Forecasts to 2032 (USD Million)
7.3 Specialty Grade
7.3.1 Specialty Grade Market Trends Analysis (2020-2032)
7.3.2 Specialty Grade Market Size Estimates and Forecasts to 2032 (USD Million)
7.4 Grade 3
7.4.1 Grade 3 Market Trends Analysis (2020-2032)
7.4.2 Grade 3 Market Size Estimates and Forecasts to 2032 (USD Million)
7.5 Grade 4
7.5.1 Grade 4 Market Trends Analysis (2020-2032)
7.5.2 Grade 4 Market Size Estimates and Forecasts to 2032 (USD Million)
7.6 Grade 5
7.6.1 Grade 5 Market Trends Analysis (2020-2032)
7.6.2 Grade 5 Market Size Estimates and Forecasts to 2032 (USD Million)
8. Acetone Market Segmentation, by Application
8.1 Chapter Overview
8.2 Solvents
8.2.1 Solvents Market Trends Analysis (2020-2032)
8.2.2 Solvents Market Size Estimates and Forecasts to 2032 (USD Million)
8.3 Bisphenol A (BPA)
8.3.1 Bisphenol A (BPA) Market Trends Analysis (2020-2032)
8.3.2 Bisphenol A (BPA) Market Size Estimates and Forecasts to 2032 (USD Million)
8.4 Methyl Methacrylate (MMA)
8.4.1 Methyl Methacrylate (MMA) Market Trends Analysis (2020-2032)
8.4.2 Methyl Methacrylate (MMA) Market Size Estimates and Forecasts to 2032 (USD Million)
8.5 Others
8.5.1 Others Market Trends Analysis (2020-2032)
8.5.2 Others Market Size Estimates and Forecasts to 2032 (USD Million)
9. Acetone Market Segmentation, by End User
9.1 Chapter Overview
9.2 Agricultural Chemicals
9.2.1 Agricultural Chemicals Market Trends Analysis (2020-2032)
9.2.2 Agricultural Chemicals Market Size Estimates and Forecasts to 2032 (USD Million)
9.3 Cosmetics & Personal Care
9.3.1 Cosmetics & Personal Care Market Trends Analysis (2020-2032)
9.3.2 Cosmetics & Personal Care Market Size Estimates and Forecasts to 2032 (USD Million)
9.4 Automotive
9.4.1 Automotive Market Trends Analysis (2020-2032)
9.4.2 Automotive Market Size Estimates and Forecasts to 2032 (USD Million)
9.5 Paints & Coatings
9.5.1 Paints & Coatings Market Trends Analysis (2020-2032)
9.5.2 Paints & Coatings Market Size Estimates and Forecasts to 2032 (USD Million)
9.6 Plastics
9.6.1 Plastics Market Trends Analysis (2020-2032)
9.6.2 Plastics Market Size Estimates and Forecasts to 2032 (USD Million)
9.7 Pharmaceuticals
9.7.1 Pharmaceuticals Market Trends Analysis (2020-2032)
9.7.2 Pharmaceuticals Market Size Estimates and Forecasts to 2032 (USD Million)
9.8 Rubber Processing
9.8.1 Rubber Processing Market Trends Analysis (2020-2032)
9.8.2 Rubber Processing Market Size Estimates and Forecasts to 2032 (USD Million)
9.9 Printing Ink
9.9.1 Printing Ink Market Trends Analysis (2020-2032)
9.9.2 Printing Ink Market Size Estimates and Forecasts to 2032 (USD Million)
9.10 Polymer & Resin Processing
9.10.1 Polymer & Resin Processing Market Trends Analysis (2020-2032)
9.10.2 Polymer & Resin Processing Market Size Estimates and Forecasts to 2032 (USD Million)
9.11 Adhesive
9.11.1 Paints & Coatings Market Trends Analysis (2020-2032)
9.11.2 Paints & Coatings Market Size Estimates and Forecasts to 2032 (USD Million)
9.12 Others
9.12.1 Others Market Trends Analysis (2020-2032)
9.12.2 Others Market Size Estimates and Forecasts to 2032 (USD Million)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Acetone Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
10.2.3 North America Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.2.4 North America Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.2.5 North America Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.2.6 USA
10.2.6.1 USA Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.2.6.2 USA Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.2.6.3 USA Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.2.7 Canada
10.2.7.1 Canada Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.2.7.2 Canada Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.2.7.3 Canada Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.2.8 Mexico
10.2.8.1 Mexico Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.2.8.2 Mexico Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.2.8.3 Mexico Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Acetone Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
10.3.1.3 Eastern Europe Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.3.1.4 Eastern Europe Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.3.1.5 Eastern Europe Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.3.1.6 Poland
10.3.1.6.1 Poland Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.3.1.6.2 Poland Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.3.1.6.3 Poland Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.3.1.7 Romania
10.3.1.7.1 Romania Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.3.1.7.2 Romania Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.3.1.7.3 Romania Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.3.1.8.2 Hungary Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.3.1.8.3 Hungary Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.3.1.9.2 Turkey Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.3.1.9.3 Turkey Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.3.1.10.2 Rest of Eastern Europe Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.3.1.10.3 Rest of Eastern Europe Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Acetone Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
10.3.2.3 Western Europe Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.3.2.4 Western Europe Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.3.2.5 Western Europe Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.3.2.6 Germany
10.3.2.6.1 Germany Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.3.2.6.2 Germany Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.3.2.6.3 Germany Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.3.2.7 France
10.3.2.7.1 France Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.3.2.7.2 France Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.3.2.7.3 France Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.3.2.8 UK
10.3.2.8.1 UK Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.3.2.8.2 UK Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.3.2.8.3 UK Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.3.2.9 Italy
10.3.2.9.1 Italy Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.3.2.9.2 Italy Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.3.2.9.3 Italy Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.3.2.10 Spain
10.3.2.10.1 Spain Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.3.2.10.2 Spain Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.3.2.10.3 Spain Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.3.2.11.2 Netherlands Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.3.2.11.3 Netherlands Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.3.2.12.2 Switzerland Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.3.2.12.3 Switzerland Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.3.2.13 Austria
10.3.2.13.1 Austria Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.3.2.13.2 Austria Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.3.2.13.3 Austria Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.3.2.14.2 Rest of Western Europe Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.3.2.14.3 Rest of Western Europe Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Acetone Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
10.4.3 Asia Pacific Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.4.4 Asia Pacific Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.4.5 Asia Pacific Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.4.6 China
10.4.6.1 China Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.4.6.2 China Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.4.6.3 China Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.4.7 India
10.4.7.1 India Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.4.7.2 India Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.4.7.3 India Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.4.8 Japan
10.4.8.1 Japan Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.4.8.2 Japan Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.4.8.3 Japan Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.4.9 South Korea
10.4.9.1 South Korea Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.4.9.2 South Korea Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.4.9.3 South Korea Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.4.10 Vietnam
10.4.10.1 Vietnam Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.4.10.2 Vietnam Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.4.10.3 Vietnam Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.4.11 Singapore
10.4.11.1 Singapore Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.4.11.2 Singapore Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.4.11.3 Singapore Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.4.12 Australia
10.4.12.1 Australia Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.4.12.2 Australia Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.4.12.3 Australia Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.4.13 Rest of Asia Pacific
10.4.13.1 Rest of Asia Pacific Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.4.13.2 Rest of Asia Pacific Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.4.13.3 Rest of Asia Pacific Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Acetone Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
10.5.1.3 Middle East Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.5.1.4 Middle East Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.5.1.5 Middle East Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.5.1.6 UAE
10.5.1.6.1 UAE Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.5.1.6.2 UAE Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.5.1.6.3 UAE Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.5.1.7.2 Egypt Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.5.1.7.3 Egypt Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.5.1.8.2 Saudi Arabia Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.5.1.8.3 Saudi Arabia Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.5.1.9.2 Qatar Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.5.1.9.3 Qatar Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.5.1.10.2 Rest of Middle East Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.5.1.10.3 Rest of Middle East Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Acetone Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
10.5.2.3 Africa Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.5.2.4 Africa Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.5.2.5 Africa Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.5.2.6.2 South Africa Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.5.2.6.3 South Africa Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.5.2.7.2 Nigeria Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.5.2.7.3 Nigeria Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.5.2.8.2 Rest of Africa Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.5.2.8.3 Rest of Africa Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Acetone Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
10.6.3 Latin America Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.6.4 Latin America Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.6.5 Latin America Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.6.6 Brazil
10.6.6.1 Brazil Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.6.6.2 Brazil Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.6.6.3 Brazil Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.6.7 Argentina
10.6.7.1 Argentina Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.6.7.2 Argentina Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.6.7.3 Argentina Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.6.8 Colombia
10.6.8.1 Colombia Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.6.8.2 Colombia Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.6.8.3 Colombia Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Acetone Market Estimates and Forecasts, by Grade (2020-2032) (USD Million)
10.6.9.2 Rest of Latin America Acetone Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.6.9.3 Rest of Latin America Acetone Market Estimates and Forecasts, by End User (2020-2032) (USD Million)
11. Company Profiles
11.1 INEOS Phenol GmbH
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.2 SABIC
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.3 The Dow Chemical Company
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.4 Domo Chemicals GmbH
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.5 Formosa Chemical and Fiber Corporation
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.6 Kumho P&B Chemicals
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.7 Royal Dutch Shell PLC
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.8 Honeywell Research Chemicals
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.9 Spectrum Chemical Mfg. Corp.
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.10 Altivia Chemicals
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
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