The North America Acetone Market would witness market growth of 6.6% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 1,193.0 Kilo Tonnes, showcasing a growth of 4.5% (2019-2022).
In pharmaceutical manufacturing, acetone is employed for extracting and purifying certain drugs. It is also used in the production of medicines and as a component in various pharmaceutical formulations. Acetone is frequently used in nail polish removers because of its ability to dissolve nail polish. Additionally, it finds applications in personal care products, showcasing its versatility beyond industrial uses. Acetone's exceptional solvent properties make it suitable for dissolving various substances, including oils, resins, and polymers. This characteristic is fundamental to its applications in the chemical industry.
Acetone serves as a crucial intermediate chemical in the synthesis of many compounds. Its reactivity and ability to undergo various chemical reactions make it a valuable building block in producing diverse chemicals. The cosmetic industry extensively uses acetone in nail polish removers. Its effectiveness in removing nail polish quickly without damaging the nails has made it a staple in personal care products. Acetone finds use in the pharmaceutical industry for extracting and purifying certain drugs. Its role in drug manufacturing underscores its importance in the healthcare sector.
As per the International Trade Administration, the US automotive industry is one of the world's largest. In 2020, the United States sold 14.5 million light vehicles. The United States is the world's second-largest vehicle sales and production region. According to Autos Drive America, global automakers produced 5 million vehicles in the United States in 2020. As the US's automotive sector experiences growth and innovation, the demand for high-quality coatings may contribute to increased acetone usage. Due to these aspects, the market will expand across the North America region in upcoming years.
The US market dominated the North America Acetone Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,586.3 Million by 2030. The Canada market is exhibiting a CAGR of 7.2% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 7% during (2023 - 2030).
Based on Application, the market is segmented into Solvents, Bisphenol A, Methyl Methacrylate, and Others. Based on Grade, the market is segmented into Technical Grade, and Specialty Grade. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Acetone Market is Predict to reach USD 9.6 Billion by 2030, at a CAGR of 7.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include INEOS Group Holdings S.A., Shell plc, Honeywell International, Inc., Mitsui Chemicals, Inc., SABIC (Saudi Arabian Oil Company), Arkema S.A., Solvay SA, Domo Chemicals GmbH, Cepsa Química, S.A. (CEPSA) and Kumho P&B Chemicals., Inc (Kumho Petrochemical Group).
Scope of the Study
Market Segments Covered in the Report:
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Solvents
- Bisphenol A
- Methyl Methacrylate
- Others
By Grade (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Technical Grade
- Specialty Grade
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- INEOS Group Holdings S.A.
- Shell plc
- Honeywell International, Inc.
- Mitsui Chemicals, Inc.
- SABIC (Saudi Arabian Oil Company)
- Arkema S.A.
- Solvay SA
- Domo Chemicals GmbH
- Cepsa Química, S.A. (CEPSA)
- Kumho P&B Chemicals., Inc (Kumho Petrochemical Group)
TABLE 1 North America Acetone Market, 2019 - 2022, USD Million
TABLE 2 North America Acetone Market, 2023 - 2030, USD Million
TABLE 3 North America Acetone Market, 2019 - 2022, Kilo Tonnes
TABLE 4 North America Acetone Market, 2023 - 2030, Kilo Tonnes
TABLE 5 North America Acetone Market by Application, 2019 - 2022, USD Million
TABLE 6 North America Acetone Market by Application, 2023 - 2030, USD Million
TABLE 7 North America Acetone Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 8 North America Acetone Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 9 North America Solvents Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Solvents Market by Country, 2023 - 2030, USD Million
TABLE 11 North America Solvents Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 North America Solvents Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 North America Bisphenol A Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Bisphenol A Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Bisphenol A Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 North America Bisphenol A Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 North America Methyl Methacrylate Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Methyl Methacrylate Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Methyl Methacrylate Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 20 North America Methyl Methacrylate Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 21 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 23 North America Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 North America Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 North America Acetone Market by Grade, 2019 - 2022, USD Million
TABLE 26 North America Acetone Market by Grade, 2023 - 2030, USD Million
TABLE 27 North America Acetone Market by Grade, 2019 - 2022, Kilo Tonnes
TABLE 28 North America Acetone Market by Grade, 2023 - 2030, Kilo Tonnes
TABLE 29 North America Technical Grade Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Technical Grade Market by Country, 2023 - 2030, USD Million
TABLE 31 North America Technical Grade Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 32 North America Technical Grade Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 33 North America Specialty Grade Market by Country, 2019 - 2022, USD Million
TABLE 34 North America Specialty Grade Market by Country, 2023 - 2030, USD Million
TABLE 35 North America Specialty Grade Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 36 North America Specialty Grade Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 37 North America Acetone Market by Country, 2019 - 2022, USD Million
TABLE 38 North America Acetone Market by Country, 2023 - 2030, USD Million
TABLE 39 North America Acetone Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 40 North America Acetone Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 41 US Acetone Market, 2019 - 2022, USD Million
TABLE 42 US Acetone Market, 2023 - 2030, USD Million
TABLE 43 US Acetone Market, 2019 - 2022, Kilo Tonnes
TABLE 44 US Acetone Market, 2023 - 2030, Kilo Tonnes
TABLE 45 US Acetone Market by Application, 2019 - 2022, USD Million
TABLE 46 US Acetone Market by Application, 2023 - 2030, USD Million
TABLE 47 US Acetone Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 48 US Acetone Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 49 US Acetone Market by Grade, 2019 - 2022, USD Million
TABLE 50 US Acetone Market by Grade, 2023 - 2030, USD Million
TABLE 51 US Acetone Market by Grade, 2019 - 2022, Kilo Tonnes
TABLE 52 US Acetone Market by Grade, 2023 - 2030, Kilo Tonnes
TABLE 53 Canada Acetone Market, 2019 - 2022, USD Million
TABLE 54 Canada Acetone Market, 2023 - 2030, USD Million
TABLE 55 Canada Acetone Market, 2019 - 2022, Kilo Tonnes
TABLE 56 Canada Acetone Market, 2023 - 2030, Kilo Tonnes
TABLE 57 Canada Acetone Market by Application, 2019 - 2022, USD Million
TABLE 58 Canada Acetone Market by Application, 2023 - 2030, USD Million
TABLE 59 Canada Acetone Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 60 Canada Acetone Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 61 Canada Acetone Market by Grade, 2019 - 2022, USD Million
TABLE 62 Canada Acetone Market by Grade, 2023 - 2030, USD Million
TABLE 63 Canada Acetone Market by Grade, 2019 - 2022, Kilo Tonnes
TABLE 64 Canada Acetone Market by Grade, 2023 - 2030, Kilo Tonnes
TABLE 65 Mexico Acetone Market, 2019 - 2022, USD Million
TABLE 66 Mexico Acetone Market, 2023 - 2030, USD Million
TABLE 67 Mexico Acetone Market, 2019 - 2022, Kilo Tonnes
TABLE 68 Mexico Acetone Market, 2023 - 2030, Kilo Tonnes
TABLE 69 Mexico Acetone Market by Application, 2019 - 2022, USD Million
TABLE 70 Mexico Acetone Market by Application, 2023 - 2030, USD Million
TABLE 71 Mexico Acetone Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 72 Mexico Acetone Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 73 Mexico Acetone Market by Grade, 2019 - 2022, USD Million
TABLE 74 Mexico Acetone Market by Grade, 2023 - 2030, USD Million
TABLE 75 Mexico Acetone Market by Grade, 2019 - 2022, Kilo Tonnes
TABLE 76 Mexico Acetone Market by Grade, 2023 - 2030, Kilo Tonnes
TABLE 77 Rest of North America Acetone Market, 2019 - 2022, USD Million
TABLE 78 Rest of North America Acetone Market, 2023 - 2030, USD Million
TABLE 79 Rest of North America Acetone Market, 2019 - 2022, Kilo Tonnes
TABLE 80 Rest of North America Acetone Market, 2023 - 2030, Kilo Tonnes
TABLE 81 Rest of North America Acetone Market by Application, 2019 - 2022, USD Million
TABLE 82 Rest of North America Acetone Market by Application, 2023 - 2030, USD Million
TABLE 83 Rest of North America Acetone Market by Application, 2019 - 2022, Kilo Tonnes
TABLE 84 Rest of North America Acetone Market by Application, 2023 - 2030, Kilo Tonnes
TABLE 85 Rest of North America Acetone Market by Grade, 2019 - 2022, USD Million
TABLE 86 Rest of North America Acetone Market by Grade, 2023 - 2030, USD Million
TABLE 87 Rest of North America Acetone Market by Grade, 2019 - 2022, Kilo Tonnes
TABLE 88 Rest of North America Acetone Market by Grade, 2023 - 2030, Kilo Tonnes
TABLE 89 Key Information - INEOS Group Holdings S.A.
TABLE 90 Key Information - Shell plc
TABLE 91 Key Information - Honeywell International, Inc.
TABLE 92 Key Information - Mitsui Chemicals, Inc.
TABLE 93 Key Information - SABIC
TABLE 94 Key information - Arkema S.A.
TABLE 95 Key Information - Solvay SA
TABLE 96 Key Information - Domo chemicals gmbh
TABLE 97 Key Information - CEPSA QUÍMICA, S.A.
TABLE 98 Key Information - Kumho P&B Chemicals., Inc
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Acetone Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Acetone Market
FIG 4 Porter's Five Force Analysis: Acetone Market
FIG 5 North America Acetone Market share by Application, 2022
FIG 6 North America Acetone Market share by Application, 2030
FIG 7 North America Acetone Market by Application, 2019 - 2030, USD Million
FIG 8 North America Acetone Market share by Grade, 2022
FIG 9 North America Acetone Market share by Grade, 2030
FIG 10 North America Acetone Market by Grade, 2019 - 2030, USD Million
FIG 11 North America Acetone Market share by Country, 2022
FIG 12 North America Acetone Market share by Country, 2030
FIG 13 North America Acetone Market by Country, 2019 - 2030, USD Million
FIG 14 SWOT Analysis: INEOS GROUP HOLDINGS S.A.
FIG 15 SWOT Analysis: Shell plc
FIG 16 SWOT Analysis: Honeywell international, inc.
FIG 17 SWOT Analysis: Mitsui Chemicals, Inc.
FIG 18 SWOT Analysis: SABIC
FIG 19 SWOT Analysis: Arkema S.A.
FIG 20 SWOT Analysis: Solvay SA
FIG 21 SWOT Analysis: Domo chemicals gmbh
FIG 22 SWOT Analysis: CEPSA QUÍMICA, S.A.
FIG 23 SWOT Analysis: Kumho P&B Chemicals., Inc