EU - Acetone - Market Analysis, Forecast, Size, Trends And Insights
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View PricingThe EU Acetone Market to Grow Steadily Despite Tightening Environmental Regulation
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 tons 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 tons), the UK (107K tons), and Germany (81K tons), 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 tons, 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 tons 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 tons) represented the major importer of acetone, making up 37% of total imports. Germany (155K tons) took a 16% share (based on tons) 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).
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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 2030.
Product coverage:
- Prodcom 20146211 - Acetone
Country coverage:
- 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
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- 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
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
