Report Update Apr 1, 2024

World - Acetone - Market Analysis, Forecast, Size, Trends and Insights

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Global Acetone Market 2024

Acetone Market Size

For the third year in a row, the global acetone market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption, however, showed a relatively flat trend pattern. Global consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Acetone Production

In value terms, acetone production fell modestly to $X in 2022 estimated in export price. Overall, production, however, saw a mild curtailment. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, global production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Acetone Exports

Exports

In 2022, the amount of acetone exported worldwide declined significantly to X tons, which is down by X% against 2021. Over the period under review, exports showed a slight setback. The pace of growth was the most pronounced in 2017 with an increase of X%. The global exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, acetone exports reduced remarkably to $X in 2022. Overall, exports continue to indicate a pronounced decrease. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the global exports attained the peak figure at $X in 2021, and then reduced remarkably in the following year.

Exports by Country

South Korea (X tons), Saudi Arabia (X tons), Thailand (X tons), Taiwan (Chinese) (X tons), Belgium (X tons), Singapore (X tons), Germany (X tons), the United States (X tons) and the Netherlands (X tons) represented roughly X% of total exports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Netherlands (with a CAGR of X%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest acetone supplying countries worldwide were Saudi Arabia ($X), Belgium ($X) and South Korea ($X), together comprising X% of global exports. Thailand, Taiwan (Chinese), the United States, Germany, Singapore and the Netherlands lagged somewhat behind, together comprising a further X%.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average acetone export price stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price recorded a noticeable contraction. The pace of growth appeared the most rapid in 2020 when the average export price increased by X%. The global export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other global leaders experienced mixed trends in the export price figures.

Acetone Imports

Imports

In 2022, global acetone imports fell to X tons, shrinking by X% compared with 2021. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, global imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, acetone imports fell rapidly to $X in 2022. Over the period under review, imports recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2017 with an increase of X%. Global imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) was the main importer of acetone, making up X% of total imports. It was distantly followed by India (X tons), creating a X% share of total imports. The following importers - Germany (X tons), the Netherlands (X tons), Mexico (X tons), the United States (X tons), Switzerland (X tons), Italy (X tons), Belgium (X tons), Turkey (X tons), Thailand (X tons), France (X tons) and Canada (X tons) - together made up X% of total imports.

China experienced a relatively flat trend pattern with regard to volume of imports of acetone. At the same time, Canada (X%), Italy (X%), the United States (X%), Belgium (X%), France (X%), Turkey (X%), India (X%) and Switzerland (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. By contrast, Mexico (X%), the Netherlands (X%), Thailand (X%) and Germany (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Italy increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported acetone worldwide, comprising X% of global imports. The second position in the ranking was taken by India ($X), with a X% share of global imports. It was followed by Switzerland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%. In the other countries, the average annual rates were as follows: India (X% per year) and Switzerland (X% per year).

Import Prices by Country

In 2022, the average acetone import price amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price recorded a perceptible slump. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Global import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for acetone in the world?

The country with the largest volume of acetone consumption was China, accounting for 23% of total volume. Moreover, acetone consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was held by India, with an 8.8% share.

What are the largest producers of acetone in the world?

The countries with the highest volumes of production in 2022 were the United States, Spain and Taiwan Chinese), with a combined 29% share of global production. South Korea, Saudi Arabia, Belgium, Thailand, India, Japan, Singapore, Russia and Finland lagged somewhat behind, together accounting for a further 52%.

What are the leading suppliers of acetone in the world?

In value terms, Saudi Arabia, Belgium and South Korea appeared to be the countries with the highest levels of exports in 2022, together accounting for 35% of global exports. Thailand, Taiwan Chinese), the United States, Germany, Singapore and the Netherlands lagged somewhat behind, together comprising a further 50%.

What are the leading importers of acetone in the world?

In value terms, China constitutes the largest market for imported acetone worldwide, comprising 35% of global imports. The second position in the ranking was held by India, with a 6.4% share of global imports. It was followed by Switzerland, with a 4.4% share.

What is the average export price for acetone in the world?

The average acetone export price stood at $823 per ton in 2022, with a decrease of -13.7% against the previous year.

What is the average import price for acetone in the world?

The average acetone import price stood at $834 per ton in 2022, which is down by -15% against the previous year.

This report provides an in-depth analysis of the global acetone market. 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:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Company coverage:

BASF, LyondellBasell Industries Holdings B.V., SABIC, Royal Dutch Shell Co., Honeywell International Inc, INEOS Phenol, Shell Chemicals, Westlake Chemical, Dow Chemical, Sunoco, Domo Chemicals, Real Industrial Chemicals ltd, The Chemical Company (TCC), Reda Chemicals India Pvt Ltd, Fine Chemicals & Scientific Company, Thinchem Corporation, Garg Chemical Industries, Goyal Chem Associates, Hwatsi Chemical Pvt Ltd, Pearl Chemicals Supplier, Arihant Solvents Chemicals, Finornic Chemicals, Galaxy Chemicals, Altivia, Mitsui & Co., Ltd.

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023