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EU - Acetone - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Mar 29, 2021

The EU Acetone Market to Grow Steadily Despite Tightening Environmental Regulation

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IndexBox has just published a new report: 'EU - Acetone - Market Analysis, Forecast, Size, Trends, and Insights.' Here is a summary of the report's key findings.

Despite the current turbulence in the major consuming industries across Europe, the demand for acetone is forecast to grow steadily over the next 5 years. It remains one of the safest solvents that could be obtained from renewable sources of raw materials, even in the face of stricter environmental requirements.

Key Trends and Insights

In the first half of 2020, the pandemic caused a drop in acetone imports in the EU due to decreased output in the paint, coating, plastic, and cosmetics industries.

All major acetone consumers started to pick up steam since the covid restrictions have been lifted. According to IndexBox estimates, acetone consumption in the EU is expected to reach 489K tonnes by the end of 2030.

Amid limited supply and falling imports from July to October 2020, the average import prices for acetone in the EU almost doubled compared to those of April-June 2020.

Acetone is one of the least toxic solvents used in industries. In line with the EU Green Deal and its sustainability and circular economy principles, the bioacetone industry's development is a promising avenue, as that product is obtained from renewable raw materials. Bioacetone is produced by anaerobic biomass fermentation, such as corn or soybean feedstock, instead of traditional chemical processes from petroleum feedstocks.

Italy, the UK, and Germany to Remain the Most Consuming Countries in the EU

The countries with the highest volumes of acetone consumption are Italy (115K tonnes), the UK (107K tonnes), and Germany (81K tonnes), with a combined 49% share of total consumption.

From 2012 to 2019, the most notable growth rate in terms of acetone consumption amongst the leading consuming countries was attained by the UK, while acetone consumption for the other leaders experienced more modest paces of growth.

In value terms, the largest acetone markets in the European Union were Italy ($85M), the UK ($79M), and Germany ($61M), with a combined 49% share of the total market.

The highest levels of acetone per capita consumption were registered in the Netherlands (4.67 kg per person), followed by Italy (1.93 kg per person), the UK (1.59 kg per person), and France (1.17 kg per person). In comparison, the world average per capita consumption of acetone was estimated at 1.20 kg per person.

In the Netherlands, acetone per capita consumption expanded at an average annual rate of +1.7% over the period from 2012-2019. In other countries, the average annual rates were as follows: Italy (+3.3% per year) and the UK (+5.8% per year).

Belgium is the Largest Importer in the EU

In 2019, EU acetone imports decreased by -4.1% to 959K tonnes, falling for the second consecutive year after two years of growth. Total imports indicated buoyant growth from 2012 to 2019: its volume increased at an average annual rate of +5.4% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -13.1% against 2017 indices. The most prominent growth rate was recorded in 2016, with an increase of 26% against the previous year. The volume of imports peaked at 1.1M tonnes in 2017; however, from 2018 to 2019, imports remained at a lower figure.

In value terms, acetone imports dropped dramatically to $664M (IndexBox estimates) in 2019. Overall, imports, however, continue to indicate a mild curtailment. The pace of growth was the most pronounced in 2017, with an increase of 54% y-o-y. As a result, imports attained a peak of $865M. From 2018 to 2019, the growth imports failed to regain the momentum.

In 2019, Belgium (358K tonnes) represented the major importer of acetone, making up 37% of total imports. Germany (155K tonnes) took a 16% share (based on tonnes) of total imports, which put it in second place, followed by the Netherlands (13%), the UK (12%), Italy (7.6%) and France (4.8%).

Imports into Belgium increased at an average annual rate of +11.5% from 2012 to 2019. At the same time, Italy (+18.0%), France (+10.8%), and the UK (+6.5%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing importer imported in the European Union, with a CAGR of +18.0% from 2012-2019. The Netherlands experienced a relatively flat trend pattern. By contrast, Germany (-1.2%) illustrated a downward trend over the same period. Belgium (+12 p.p.) and Italy (+4.1 p.p.) significantly strengthened their position in terms of the total imports, while the Netherlands and Germany saw their share reduced by -7% and -9.1% from 2012 to 2019, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($258M) constitutes the largest market for imported acetone in the European Union, comprising 39% of total imports. The second position in the ranking was occupied by Germany ($108M), with a 16% share of total imports. It was followed by the Netherlands, with a 13% share.

From 2012 to 2019, the average annual growth rate in terms of value in Belgium totaled +5.2%. In other countries, the average annual rates were as follows: Germany (-7.0% per year) and the Netherlands (-7.5% per year).

Source: IndexBox AI Platform

Product coverage:
• Prodcom 20146211 - Acetone

This report provides an in-depth analysis of the acetone market in the EU. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in the EU, split by region and country
• Trade (exports and imports) in the EU
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Austria
• Belgium
• Bulgaria
• Croatia
• Cyprus
• Czech Republic
• Denmark
• Estonia
• Finland
• France
• Germany
• Greece
• Hungary
• Ireland
• Italy
• Latvia
• Lithuania
• Luxembourg
• Malta
• Netherlands
• Poland
• Portugal
• Romania
• Slovakia
• Slovenia
• Spain
• Sweden
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2018–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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