The Australia Acetone market demand stood at 17 thousand tonnes in 2023 and is expected to grow at a CAGR of 3.5% during the forecast period until 2034.
Acetone, recognized for its versatile solvent properties and volatile nature, plays a pivotal role across diverse industries. In the cosmetics and personal care sector, it functions as a crucial ingredient in the formulation of nail polish removers and skincare products. Its importance extends to chemical manufacturing, where it serves as a foundational component for synthesizing plastics, resins, and pharmaceutical intermediates. Additionally, acetone is integral to the production of various plastics and resins, including polycarbonates and epoxy resins. Its effectiveness as a solvent is evident in various applications, such as cleaning agents designed for the removal of oils, resins, and adhesives. Moreover, acetone emerges as a crucial raw material in the production of essential chemicals like Bisphenol A, vital for plastics production, and Methyl Methacrylate, utilized in polymer production.
Acetone's utilization as a cost-effective solvent across diverse sectors such as pharmaceuticals, cosmetics, and paints and coatings are expected to significantly enhance the market dynamics of Acetone in the forecast period. The increased demand in segments like pharmaceuticals, cosmetics, and paints and adhesives is projected to play a crucial role in supporting the market's growth in the forecast years. Its roles range from being a crucial component in cosmetic products and adhesives to ensuring the desired consistency in paints and coatings. Additionally, in the domain of chemical and petrochemical processes, Acetone plays a vital role in the synthesis of various chemicals. With its multifaceted applications, Acetone is expected to experience a notable surge in demand, further solidifying its significance in the market. Due to these reasons, the Australia Acetone market size is estimated to reach roughly 25 thousand tonnes in 2034.
Based on the end-user industry, the Australia Acetone market is segregated into Solvent, MMA (Methyl Methacrylate), Bisphenol A, and Others. The largest chunk of Acetone goes towards Solvent segment. In 2023, this industry consumed about 42% of the net Australia Acetone market.
Major player in the Australia Acetone market is Huntsman Chemicals. Other players in the Global Acetone market are Advansix, Shell Chemicals, Cepsa Corporation, Mitsui Phenols Singapore Pte. Ltd., Zhejiang Petroleum & Chemical Co., Ltd., LG Chem Ltd., Formosa Chemicals and Fibre Corp, INEOS Group Ltd., Kumho P&B Chemicals., Inc., PTT Phenol, Versalis, Olin Corporation, Chang Chun Petrochemical Co., Ltd., and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of Acetone which covers production, demand and supply of Acetone market in Australia.
• To analyse and forecast the market size of Acetone
• To classify and forecast Australia Acetone market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Acetone market in Australia.
To extract data for Australia Acetone market, primary research surveys were conducted with Acetone manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Australia Acetone market over the coming years.
ChemAnalyst calculated Acetone demand across the Australia region by analysing the volume of Acetone consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Acetone manufacturers and other stakeholders
• Organizations, forums and alliances related to Acetone distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Acetone manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Australia Acetone market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
17 thousand tonnes
Market size Volume by 2034
25 thousand tonnes
Growth Rate
CAGR of 3.5% from 2024 to 2034
Base year
2023
Estimated Year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade, Manufacturing Process.
Segments covered
By End-Use: (Solvent, MMA (Methyl Methacrylate), Bisphenol A, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
New South Wales, Victoria & Tasmania, Queensland, Western Australia, Southern Australia & Northern Territory
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Acetone market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Acetone.
3. Capacity By Location
To better understand the regional supply of Acetone by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
Study the historical annual production of Acetone by the leading players and forecast how it will grow in the coming years.
6. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Solvent, MMA (Methyl Methacrylate), Bisphenol A, and Others) are creating a market and the forecast for the growth of the Acetone market.
7. Demand by Region [Quarterly Update]
Analyzing the change in demand of Acetone in different regions, i.e., New South Wales, Victoria & Tasmania, Queensland, Western Australia, Southern Australia & Northern Territory, that can direct you in mapping the regional demand.
8. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Acetone. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
9. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Acetone.
10. Country-wise Export
Get details about quantity of Acetone exported by major countries.
11. Country-wise Import
Get details about quantity of Acetone imported by major countries.
12. Company Share
Figure out what proportion of the market share of Acetone is currently held by leading players across Australia.
13. Manufacturing Process
Discover insights into the intricate manufacturing process of Acetone.
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What was the size of Australia Acetone market in terms of volume in 2023?
Ans:
The size of Australia Acetone market has grown significantly in the historic period and reached approximately 17 thousand tonnes in 2023.
Q2.
Which industry is leading as the leading consumer of Australia Acetone market?
Ans:
Solvent industry is the leading consumer of Australia Acetone market.
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Ans:
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