Popular Market Report Acetone Market Global Industry Analysis and Opportunity Assessment, 2014 – 2020

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Bisphenol - A (BPA), Methyl methacrylate (MMA), and solvent are the main application markets for acetone. In 2014, MMA and BPA jointly held around 59.4% of the total consumption of acetone, in which the share of MMA was 28.3%. The increased usage of acetone in household and personal care products is likely to propel the global acetone industry by 2020.

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the market for acetone in Asia Pacific led the global market holding 41% of overall consumption. This region is anticipated to maintain its dominance till 2020, recording a CAGR of 6.2% between 2014 and 2020. North America held 21% share of overall acetone consumption in 2014 and Latin America is likely to showcase a compound annual growth rate of 5.4% over the period of the forecast.

The increased demand from end-use industries such as cosmetics and electronics is the main driving force behind the growth of the global market for acetone. The increasing usage of polycarbonate (manufactured using BPA) in the automotive industry is anticipated to stimulate the development in this industry in coming years. Also, the rise in the demand for MMA employed in LCDs is likely to drive this industry during the period of the forecast.
A sharp fall in the prices for the raw material such as propylene and benzene are likely to maintain a downward pressure on prices. But, the current downtrend in the prices for crude oil is adding to the demand for bio-based acetone, decelerating the growth of this industry.

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The major players in the global acetone industry are vertically integrated. The large number of participants and wide geographical distribution of their production units has kept this industry non-oligopolistic and highly fragmented.
Sinopec Beijing Yanshan Co., Shell, Mitsui Chemicals, Shanghai Sinopec Mitsui, Formosa Chemicals & Fibre Corp, CEPSA Quimica, and INEOS Phenol are some of the major players in the global acetone industry. INEOS Phenol is the largest manufacturer of Acetone in the world. Its global production capacity is approximately 1.2 million tonnes of acetone per year, which is more than twice of its competitors.
CEPSA Quimica, Formosa Chemicals & Fibre Corp, and Shanghai Sinopec Mitsui are ready to launch operations in China in the first quarter of 2015 with their three new acetone production units with a joint production capacity of manufacturing 480 thousand tonnes of acetone annually.

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