The Global Acetone Market is Predict to reach USD 9.6 Billion by 2030, at a CAGR of 7.4%

Acetone Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Acetone Market size is expected to reach $9.6 billion by 2030, rising at a market growth of 7.4% CAGR during the forecast period. In the year 2022, the market attained a volume of 5,442.1 Kilo Tonnes experiencing a growth of 5.1% (2019-2022).

The Solvents segment is generating the highest revenue in the Global Acetone Market by Application in 2022; thereby, achieving a market value of $3.1 Billion by 2030. Solvents play a crucial role in the chemical industry, facilitating the dissolution and processing of various substances. As the chemical industry expands, the demand for solvents, including acetone, rises. Acetone's role as a solvent in the production of chemicals contributes to its increased market segment demand. Solvents are essential in the production of polymers and plastics. Acetone, as a key solvent, contributes to synthesizing various polymers. The expanding demand for plastics in packaging, automotive, and electronics industries positively influences the acetone market segment.

The Specialty Grade segment is experiencing a CAGR of 13.5% during (2023 - 2030). Specialty-grade acetone is often utilized in high-precision industrial applications where a higher purity level is crucial. Industries such as electronics, semiconductors, and optics, which demand stringent quality standards, rely on specialty-grade acetone in their manufacturing processes. The electronics and semiconductor industries, known for their highly sensitive processes, use specialty-grade acetone to produce electronic components. Specialty-grade acetone finds applications in the optics industry, particularly in producing lenses, mirrors, and other optical components. Its high purity and low impurity levels are critical in ensuring these specialized materials' optical clarity and performance.

The Asia Pacific region dominated the Global Acetone Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4.4 Billion by 2030. The North America market is anticipated to grow a CAGR of 6.6% during (2023 - 2030). Additionally, The Europe market would witness a CAGR of 6.8% during (2023 - 2030).

Full Report: https://www.kbvresearch.com/acetone-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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).

Global Acetone Market Segmentation

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 Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • Russia
  • UK
  • France
  • Italy
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Australia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• 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)

Related Reports:

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Europe Acetone Market Size, Share, Forecast & Growth to 2030

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Asia Pacific Acetone Market Size, Share & Growth Report, 2030

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