Quarterly Update on Global Acetone Market
For the Quarter Ending September 2020
Market fundamentals of Asia Acetone Market remained stalled, pressurized by supply overhang due to massive capacity additions from China’s Zhejiang Petrochemicals. However, the equipment failure in the new plant in early September provided huge relief as traders who earlier held back procurement under hopes for further plunge in the prices, rushed to fulfill their inventory requirements as per the consumption pattern. Manufacturers across the Northern Asia operated their plants at nearly full capacities, but the inventories of Acetone remained manageable with appreciable offtakes from certain end-use industries.
The European Acetone market was struck by supply shortage on maintenance turnarounds from Domo Caproleuna and Seqen followed by limited imports from US and Asia. As several countries in the region resumed their work life, increment in demand for clear plastic shield as a prevention for Coronavirus led to increased consumption of BPA and MMA adding to the strong downstream demand. Moreover, rise in the number of home improvement projects kept the demand for Acetone from paints and coatings industry in a healthy position.
Acetone supply in North America was tightened with producers like SABIC and Shell imposing a production turnaround while INEOS submitting the production due to force majeure. Demand remained firm with prominent improvement in economy. Although the demand for its major derivative IPA decreased in comparison to the highs observed in the previous quarter but remained at considerate levels on its consistent consumption in sanitizers and disinfectants.
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Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Acetone is calculated considering the production, import, export and inventory-levels on the country and regional level markets.
Acetone price is correlated with the price trend of its feedstock Propylene and Benzene, and with that of its derivatives such as Bisphenol A, Isopropyl Alcohol and Methyl Methacrylate.
Basic details and information on financial performance of leading global players in Acetone market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.
News & Deals
Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.
ChemAnalyst gathers information through primary research surveys conducted with various Acetone manufacturers, spread across domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.
Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Acetone market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.
Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.
Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Acetone market.
Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on daily, weekly, monthly and yearly basis.
Finally, region-specific markets for Acetone are analyzed and region-wise demand pattern is tracked.
Acetone also called Propanone, is a colorless, flammable and volatile organic chemical solvent. It is primarily utilized as an industrial solvent with commendable consumption from the pharmaceutical industry due to its high miscibility in other solvents. The product is also utilized as an active cleanser in commercial operations, laboratories and households. The two major applications of Acetone are the manufacturing of Bisphenol A (BPA) and Methyl Methacrylate (MMA). It is also used to make various other compounds such as diacetone alcohol, methyl iso butyl ketone (MIBK), isophorone, etc. Acetone is commonly produced via Cumene route, which involves reaction of Propylene with Benzene in zeolite or phosphoric acid-based catalyst. Acetone is produced as a co-product during Phenol production. Each tonne of phenol produces, around 0.62 tonnes of Acetone in one go.