Acetone Market

Acetone Market Size by Grade Type (Specialty Grade, Technical Grade), Application (Methyl Methacrylate (MMA), Bisphenol A (BPA), Solvents), End-User, Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2021 to 2028

Base Year: 2020 Historical Data: 2018-19
  • Report ID: TBI-12498
  • Published Date: Oct, 2021
  • Pages: 206
  • Category: Chemicals & Materials
  • Format: PDF
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Global acetone market is projected to reach USD 7.01 billion by 2028, at a CAGR of 7.25% from 2021 to 2028. Global acetone market is witnessing a considerable growth owing to increasing end-use application of acetone in the various industries. 

Market Overview:

Acetone, also known as propanone, is a colourless solvent used widely in manufacturing of plastics and other industrial products. It is an organic chemical which contains oxygen, hydrogen, and carbon atoms. Acetone is produced in nature by forest fires, trees and plants, and volcano eruptions, and also in the human body as a natural byproduct of metabolism. It is a volatile and flammable liquid, which can break down super glue and leaves the alcohols denatured. There are various uses of acetone across multiple industries. Industries such as electronics, automotive, personal care & household, and in the pharmaceutical industry. Acetone also uses in general products, including personal care and cosmetics products, and also in the formulation of removers for nail polishes. Acetone is also found in varnishes, paints, and lacquers, and used as a solvent for cements in the rubber leather industries. Furthermore, the acetone is also widely being used in the pharmaceutical industry, as a solvent in the APIs and other medicines. Common drugs and tablets use acetone to deliver the correct amount of dosage. In addition to this, it can also use in the textile industry to remove oil, gum, and other elements from raw materials. Moreover, acetone is also used as a degreaser in the metal industries. It can also be used in the welding processes, to remove the rosin flux.

Acetone can polymerize rapidly under the influence of light, air, and on contact with a catalyst, strong oxidizers and metals such as aluminium and copper. In addition to this, acetone can form peroxides, which exhibits high explosion threats. It can also dissolve plastic glasses, frames, pens and pencils, rayon stockings and other rayon garments. 

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Market Dynamics:

Drivers:
  • Rising demand from downstream application such as Bisphenol A (BPA) and methyl methacrylateis

Acetone majorly used in the production of Bisphenol A (BPA) and methyl methacrylate (MMA). BPA is used to manufacture polycarbonate and epoxy resins, which are used in different industries and in countless items which are used on a daily basis. The use of acetone as an intermediate feedstock for BPA accounts for two-thirds of total acetone use. Thus, the strong demand for BisphenolA (BPA) is fueling the growth of the market. Methyl methacrylate can be produced from the acetone, and the increasing demand for it, driving the growth of the market. It is commonly used in consumer electronics such as DVDs, smart phones and laptop displays, and other technologies.Furthermore, the demand is rising majorly from the pharmaceutical and automobile sector, to drive the demand for acetone market. 

  • Growing usage of acetone in personal care & household products 

Acetone use has been increased in household products, including cosmetics and personal care products, where it’s most frequent application is in the formulation of nail polish removers. Other cosmetic product, such as makeup and skin care creams, encompasses acetone as a solvent to deliver new chemicals. The acetone also used in the chemical skin peels to combat acne in the skincare products.

Restraints:
  • Side effects of acetone could hamper the market growth 

Acetone has various side effects such as it irritate the nose and throat. If it is used at high concentrations, it can also harm the nervous system. Symptoms may include nausea, dizziness, drowsiness, headache, and confusion. Furthermore, exposure to acetone can harm or irritate eyes that can cause moderate to severe irritation if exposed. Therefore, various side effects of acetone could hamper the market growth over the forecast period. 

Opportunities:
  • Growing demand from the Asia Pacific and Latin America region 

Increasing plastic industry in the Asia Pacific region is anticipated to offer lucrative opportunities over the forecast period. In addition to this, increasing small and medium players along with the rising demand from the construction industry, further providing the potential opportunities. Furthermore, the need for acetone is growing in the Latin America region, owing to improving political conditions and rising demand from the automotive sector across the region. 

Challenges:
  • Stringent government regulations on the use of BPA may hamper the growth of the market 

Certain federal agencies such as the National Fire Protection Association (NFPA) and Safety and Health Administration (OSHA) have established reporting requirements for the use of acetone. This may deter companies from using acetone due to the legal requirements surrounding it. In addition to this, BPA has been identified as a substance that effects on brain development and can be particularly damaging to fetuses, babies and young children. Several countries also have legislation designed to either restrict or prohibit the use of BPA including U.S., European countries, Australia, Brazil, Canada, China, Costa Rica, Ecuador, Japan, Malaysia, South Africa, South Korea, Taiwan, and Turkey. 

Segmentation Analysis:

The global acetone market has been segmented based on grade type, application, end-user and regions.

  • The grade type segment is divided into speciality grade and technical grade. The technical grade segment accounted for the major market share of 87.23% in 2020. This is mainly due to high availability and cheap cost of technical grade acetone. Technical grade or laboratory-grade acetone has the lowest purity than the speciality grade acetone but has a wide application in various industries. It is gaining a significant preference for the construction industry, owing to its high usage in concrete admixtures, adhesive cement, lacquers, and floor polishes.
  • The application segment includes methyl methacrylate (MMA), bisphenol A (BPA), solvents, and others. The solvent segment held the major market share and valued at USD 1.42 billion in 2020. Acetone based products are used in the various clinical stains. In addition to this, acetone is widely being used in industrial solvents. Furthermore, it is used in nail polish remover to maintain the consistency. The acetone is highly miscible with water and other organic compounds, and due to this, it has to gain wide adoption in the production of solvents.  
  • The end-user segment includes cosmetics and personal care, electronics, construction, automotive, pharmaceutical, agricultural chemicals, paints, coatings, and adhesives, and others. Automotive industry is anticipated to grow at the highest CAGR of 7.48% over the forecast period. Polycarbonate plastic is derived from Bisphenol-A. Polycarbonate use in the automotive sector is rising for applications such as light housing, headlamp lenses, bezels, owing to its superior transparency. The rise in the use of polycarbonate in the automotive sector is one of the significant growth factor for the acetone market. 
Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. The Asia Pacific region emerged as the largest market for the acetone market and valued at USD 1.66 billion in 2020. 

  • This is because of the highest production and consumption of acetone in the region. In addition to this, many international companies are shifting their manufacturing base in the Asia Pacific region, owing to high raw material availability and overall cost-effective production. Furthermore, emerging countries such as India and China, have the highest demand for acetone for the various industry verticals. 
  • North America region is anticipated to hold the prominent market share in the global acetone market due to increasing demand for acetone for the production of solvent for different applications. In addition to this, growth in personal care and cosmetics industry in the region, further driving the growth market. Acetone is extensively used in products such as nail paint remover, skincare, and hair care products for the product formulation. 

The Asia Pacific Acetone Market Share in 2020- 41.1%

 

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Competitive Analysis:

The key players are now implementing the various key strategies such as adopting new technology, product innovations, joint venture, mergers & acquisitions, alliances and partnerships to enhance their market value in the global acetone industry.

In July 2019, INEOS announced the plan to build a new 750,000-tonne plant at Marl, Germany to produce the acetone and phenol to support future customer demand and improve the security of supply for INEOS plants in Antwerp and Gladbeck.

In August 2019, Altivia made the acquisition of Dow’s Acetone Derivatives Business and associated chemical manufacturing assets. This acquisition is aims to offers access to the global market and downstream expansion for its acetone production capacity.

List of key market players:
  • INEOS
  • Royal Dutch Shell plc
  • Cepsa
  • Mitsui Chemicals, Inc.
  • Altivia
  • LCY GROUP
  • Formosa Chemicals & Fiber Corporation
  • Prasol Chemicals Pvt. Ltd.
  • EMCO Limited
  • BASF SE
  • Reliance Industries Limited
  • KUMHO P&B CHEMICALS., INC.

Key Target Audience

  • Raw Material Suppliers
  • Pharmaceutical Companies
  • Government Authorities and R&D Institutions
  • Consulting And Research Firm
  • Government Bodies
  • Potential Investors

Report Description:

  • Global Acetone Market, Industry Analysis, Trends, Analysis and Forecast, 2021 to 2028 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2020 is considered as the base year of the report. 2018 and 2019 are considered as the historic years and 2021 to 2028 are the forecast years. The global acetone market is based on revenue (USD Million/Billion), volume (Kilotons), and price. The report incorporates the market study on the basis of revenue and volume. The study covers the market share revenue/market share/volume for each of the segments, regions and countries catering to global acetone market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses with the relative data & information, which have been validated by the leading industry professionals and experts all across the globe. The research report also delivers an outline of the attractiveness of acetone and regions which are deduced and formulatedon the basis of theirgrowth rate (CAGR), market size, and attractiveness by analyzing the present and future prospects to market growth and development in future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global acetone market. This offersvital and in depth insights in order to depict the overall market scenario.
  • The report offers the detailed study for the company profiles of key organizations operating in the global acetone market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development &innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario. 
  • The report provides an elaborative assessment of the porter’s five forces analysis coupled with SWOT analysis so as to provide business related data and information’s. Porter’s five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company growth and development in order to sustain and survive in the long run.
  • Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which act as a key potential for the investors. 
  • Potential growth prospects along with the penetration rate analysis of the products (market related i.e., global acetone market is covered in order to comprehend the adoption rate and evaluate the market size.

Frequesntly Asked Questions

As per The Brainy Insights, the size of the acetone market was valued at USD 4.05 billion in 2020 and is anticipated to reach USD 7.01 billion by 2028.

Global acetone market is growing at a CAGR of 7.25% during the forecast period 2021-2028.

The global acetone market has been segmented based on grade type, application, end-user and regions.The technical grade segment accounted for the major market share in 2020.

The Asia Pacific region emerged as the largest market for the acetone.

Rising demand from downstream application such as Bisphenol a (BPA) and methyl methacrylate is the key driving factor for the acetone market. Also, growing usage of acetone in personal care & household products, driving the demand for acetone market.

Side effects of acetone may hamper the market growth.

Growing demand from Asia Pacific and Latin America region will provide huge opportunities to the market.

Key players are INEOS, Royal Dutch Shell plc, Cepsa, Mitsui Chemicals, Inc., Altivia, LCY GROUP, Formosa Chemicals &Fiber Corporation

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Grade Type
          4.3.2. Market Attractiveness Analysis By Application
          4.3.3. Market Attractiveness Analysis By End User
          4.3.4. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Rising demand from downstream application such as Bisphenol A (BPA) and methyl methacrylate
          5.2.2. Growing usage of acetone in personal care & household products
    5.3. Restrains
          5.3.1. Side effects of acetone could retrain the market growth
    5.4. Opportunities
          5.4.1. Growing demand from Asia Pacific and Latin America region
    5.5. Challenges
          5.5.1. Stringent government regulations on the use of BPA may hamper the growth of market

6. Global Acetone Market Analysis and Forecast, By Grade Type
    6.1. Segment Overview
    6.2. Specialty Grade
    6.3. Technical Grade

7. Global Acetone Market Analysis and Forecast, By Application
    7.1. Segment Overview
    7.2. Methyl Methacrylate (MMA)
    7.3. Bisphenol A (BPA)
    7.4. Solvents
    7.5. Others

8. Global Acetone Market Analysis and Forecast, By End User
    8.1. Segment Overview
    8.2. Cosmetics and Personal Care
    8.3. Electronics
    8.4. Construction
    8.5. Automotive
    8.6. Pharmaceutical
    8.7. Agricultural Chemicals
    8.8. Paints, Coatings, and Adhesives
    8.9. Others

9. Global Acetone Market Analysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
    9.5. South America
          9.5.1. Brazil
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa

10. Global Acetone Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in the Acetone Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Product Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions

11. Company Profiles
    11.1. INEOS
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Product Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. Royal Dutch Shell plc
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Product Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. Cepsa
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Product Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. Mitsui Chemicals, Inc.
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Product Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. Altivia
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Product Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. LCY GROUP
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Product Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. Formosa Chemicals & Fiber Corporation
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Product Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. Prasol Chemicals Pvt. Ltd.
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Product Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. EMCO Limited
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Product Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. BASF SE
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Product Portfolio
          11.10.5. Recent Developments
    11.11. Reliance Industries Limited
          11.11.1. Business Overview
          11.11.2. Company Snapshot
          11.11.3. Company Market Share Analysis
          11.11.4. Company Product Portfolio
          11.11.5. Recent Developments
    11.12. KUMHO P&B CHEMICALS., INC.
          11.12.1. Business Overview
          11.12.2. Company Snapshot
          11.12.3. Company Market Share Analysis
          11.12.4. Company Product Portfolio
          11.12.5. Recent Developments
          11.12.6. SWOT Analysis

List of Table

1. Global Acetone Market, By Grade Type, 2018–2028 (USD Billion)(Kilotons) 

2. Global Specialty Grade Acetone Market, By Region, 2018–2028 (USD Billion)(Kilotons) 

3. Global Technical Grade Acetone Market, By Region, 2018–2028 (USD Billion)(Kilotons) 

4. Global Acetone Market, By Application, 2018–2028 (USD Billion)(Kilotons) 

5. Global Methyl Methacrylate (MMA),Acetone Market, By Region, 2018–2028 (USD Billion)(Kilotons) 

6. Global Bisphenol A (BPA), Acetone Market, By Region, 2018–2028 (USD Billion)(Kilotons) 

7. Global Solvents, Acetone Market, By Region, 2018–2028 (USD Billion)(Kilotons) 

8. Global Others, Acetone Market, By Region, 2018–2028 (USD Billion)(Kilotons) 

9. Global Acetone Market, By End User, 2018–2028 (USD Billion)(Kilotons) 

10. Global Cosmetics and Personal Care Acetone Market, By Region, 2018–2028 (USD Billion)(Kilotons) 

11. Global Electronics Acetone Market, By Region, 2018–2028 (USD Billion)(Kilotons) 

12. Global Construction Acetone Market, By Region, 2018–2028 (USD Billion)(Kilotons) 

13. Global Automotive Acetone Market, By Region, 2018–2028 (USD Billion)(Kilotons) 

14. Global Pharmaceutical Acetone Market, By Region, 2018–2028 (USD Billion)(Kilotons) 

15. Global Agricultural Chemicals Acetone Market, By Region, 2018–2028 (USD Billion)(Kilotons) 

16. Global Paints, Coatings, and Adhesives Acetone Market, By Region, 2018–2028 (USD Billion)(Kilotons) 

17. Global Others Acetone Market, By Region, 2018–2028 (USD Billion)(Kilotons) 

18. Global Acetone Market, By Region, 2018–2028 (USD Billion)(Kilotons) 

19. Global Acetone Market, By North America, 2018–2028 (USD Billion)(Kilotons) 

20. North America Acetone Market, By Grade Type, 2018–2028 (USD Billion)(Kilotons) 

21. North America Acetone Market, By Application, 2018–2028 (USD Billion)(Kilotons) 

22. North America Acetone Market, By End User, 2018–2028 (USD Billion)(Kilotons) 

23. U.S. Acetone Market, By Grade Type, 2018–2028 (USD Billion)(Kilotons) 

24. U.S. Acetone Market, By Application, 2018–2028 (USD Billion)(Kilotons) 

25. U.S. Acetone Market, By End User, 2018–2028 (USD Billion)(Kilotons) 

26. Canada Acetone Market, By Grade Type, 2018–2028 (USD Billion)(Kilotons) 

27. Canada Acetone Market, By Application, 2018–2028 (USD Billion)(Kilotons) 

28. Canada Acetone Market, By End User, 2018–2028 (USD Billion)(Kilotons) 

29. Mexico Acetone Market, By Grade Type, 2018–2028 (USD Billion)(Kilotons) 

30. Mexico Acetone Market, By Application, 2018–2028 (USD Billion)(Kilotons) 

31. Mexico Acetone Market, By End User, 2018–2028 (USD Billion)(Kilotons) 

32. Europe Acetone Market, By Grade Type, 2018–2028 (USD Billion)(Kilotons) 

33. Europe Acetone Market, By Application, 2018–2028 (USD Billion)(Kilotons) 

34. Europe Acetone Market, By End User, 2018–2028 (USD Billion)(Kilotons) 

35. Germany Acetone Market, By Grade Type, 2018–2028 (USD Billion)(Kilotons) 

36. Germany Acetone Market, By Application, 2018–2028 (USD Billion)(Kilotons) 

37. Germany Acetone Market, By End User, 2018–2028 (USD Billion)(Kilotons) 

38. France Acetone Market, By Grade Type, 2018–2028 (USD Billion)(Kilotons) 

39. France Acetone Market, By Application, 2018–2028 (USD Billion)(Kilotons) 

40. France Acetone Market, By End User, 2018–2028 (USD Billion)(Kilotons) 

41. U.K. Acetone Market, By Grade Type, 2018–2028 (USD Billion)(Kilotons) 

42. U.K. Acetone Market, By Application, 2018–2028 (USD Billion)(Kilotons) 

43. U.K. Acetone Market, By End User, 2018–2028 (USD Billion)(Kilotons) 

44. Italy Acetone Market, By Grade Type, 2018–2028 (USD Billion)(Kilotons) 

45. Italy Acetone Market, By Application, 2018–2028 (USD Billion)(Kilotons) 

46. Italy Acetone Market, By End User, 2016–2026(USD Million)(Kilotons)

47. Spain Acetone Market, By Grade Type, 2018–2028 (USD Billion)(Kilotons) 

48. Spain Acetone Market, By Application, 2018–2028 (USD Billion)(Kilotons) 

49. Spain Acetone Market, By End User, 2018–2028 (USD Billion)(Kilotons) 

50. Asia Pacific Acetone Market, By Grade Type, 2018–2028 (USD Billion)(Kilotons) 

51. Asia Pacific Acetone Market, By Application, 2018–2028 (USD Billion)(Kilotons) 

52. Asia Pacific Acetone Market, By End User, 2018–2028 (USD Billion)(Kilotons) 

53. Japan Acetone Market, By Grade Type, 2018–2028 (USD Billion)(Kilotons) 

54. Japan Acetone Market, By Application, 2018–2028 (USD Billion)(Kilotons) 

55. Japan Acetone Market, By End User, 2018–2028 (USD Billion)(Kilotons) 

56. China Acetone Market, By Grade Type, 2018–2028 (USD Billion)(Kilotons) 

57. China Acetone Market, By Application, 2018–2028 (USD Billion)(Kilotons) 

58. China Acetone Market, By End User, 2018–2028 (USD Billion)(Kilotons) 

59. India Acetone Market, By Grade Type, 2018–2028 (USD Billion)(Kilotons) 

60. India Acetone Market, By Application, 2018–2028 (USD Billion)(Kilotons) 

61. India Acetone Market, By End User, 2018–2028 (USD Billion)(Kilotons) 

62. South America Acetone Market, By Grade Type, 2018–2028 (USD Billion)(Kilotons) 

63. South America Acetone Market, By Application, 2018–2028 (USD Billion)(Kilotons) 

64. South America Acetone Market, By End User, 2018–2028 (USD Billion)(Kilotons) 

65. Brazil Acetone Market, By Grade Type, 2018–2028 (USD Billion)(Kilotons) 

66. Brazil Acetone Market, By Application, 2018–2028 (USD Billion)(Kilotons) 

67. Brazil Acetone Market, By End User, 2018–2028 (USD Billion)(Kilotons) 

68. Middle East and Africa Acetone Market, By Grade Type, 2018–2028 (USD Billion)(Kilotons) 

69. Middle East and Africa Acetone Market, By Application, 2018–2028 (USD Billion)(Kilotons) 

70. Middle East and Africa Acetone Market, By End User, 2018–2028 (USD Billion)(Kilotons) 

71. UAE Acetone Market, By Grade Type, 2018–2028 (USD Billion)(Kilotons) 

72. UAE Acetone Market, By Application, 2018–2028 (USD Billion)(Kilotons) 

73. UAE Acetone Market, By End User, 2018–2028 (USD Billion)(Kilotons) 

74. South Africa Acetone Market, By Grade Type, 2018–2028 (USD Billion)(Kilotons) 

75. South Africa Acetone Market, By Application, 2018–2028 (USD Billion)(Kilotons) 

76. South Africa Acetone Market, By End User, 2018–2028 (USD Billion)(Kilotons) 

List of Figures 

1. Global Acetone Market Segmentation

2. Acetone Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Acetone Market Attractiveness Analysis By Grade Type

9. Global Acetone Market Attractiveness Analysis By Application

10. Global Acetone Market Attractiveness Analysis By End User

11. Global Acetone Market Attractiveness Analysis By Region

12. Global Acetone Market: Dynamics

13. Global Acetone Market Share by Grade Type(2021 & 2028)

14. Global Acetone Market Share by Application(2021 & 2028)

15. Global Acetone Market Share by End User(2021 & 2028)

16. Global Acetone Market Share by Regions (2021 & 2028)

17. Global Acetone Market Share by Company (2020)

This study forecasts revenue at global, regional, and country levels from 2018 to 2028. The Brainy Insights has segmented the global acetone market on the basis of below mentioned segments:

Global Acetone Market by Grade Type:

  • Specialty Grade
  • Technical Grade

Global Acetone Market by Application:

  • Methyl Methacrylate (MMA)
  • Bisphenol A (BPA)
  • Solvents
  • Others

Global Acetone Market by End User:

  • Cosmetics and Personal Care
  • Electronics
  • Construction
  • Automotive
  • Pharmaceutical
  • Agricultural Chemicals
  • Paints, Coatings, and Adhesives
  • Other

Global Acetone Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa         
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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