The Belgium Acetone market demand stood at 270 thousand tonnes in 2023 and is expected to grow at a CAGR of 3.22% during the forecast period until 2034.
Acetone, characterized by its highly adaptable solvent properties and volatile nature, holds a multifaceted role in diverse industries. In the realm of cosmetics and personal care, it functions as a crucial component in formulations for nail polish removers and skincare products. It is used in producing paints & coatings which are further used in automotive painting and surface treatment. Its importance further extends to the realm of chemical manufacturing, serving as an elemental building block for the synthesis of plastics, resins, and pharmaceutical intermediates. Within the pharmaceutical industry, acetone is instrumental in specific processes, emphasizing its versatility in the production of pharmaceutical products. Additionally, it proves indispensable in the production of various plastics and resins, including polycarbonates and epoxy resins. As an efficient solvent, acetone finds wide-ranging applications in cleaning agents designed to remove oils, resins, and adhesives. Moreover, acetone stands out as a key raw material in the synthesis of essential chemicals like Bisphenol A (utilized in plastics), Methyl Methacrylate (employed in polymer production), and Isopropyl Alcohol.
The demand for Acetone in Belgium is significantly driven by its widespread use as a superior solvent, particularly in the pharmaceuticals and paints and coatings sectors. In pharmaceutical processes, Acetone's effectiveness as an ideal solvent plays a crucial role in product formulation, while in the paints and coatings industry, it contributes to achieving desired coating properties. Additionally, the consistent rise in demand for Acetone is propelled by the increasing consumption of its derivatives, such as Methyl Methacrylate and Bisphenol A, which find applications across diverse industrial sectors. The versatility of Acetone as a raw material for these derivatives positions it as a key player in various industrial processes, supporting market growth in response to evolving needs in pharmaceuticals, coatings, and related industries in Belgium. Thus, Belgium Acetone market is likely to reach roughly 390 thousand tonnes in 2034.
Based on the end-user industry, the Belgium Acetone market is segmented into Solvent, MMA (Methyl Methacrylate ), Bisphenol A, and Others. The largest market share of Acetone goes with high proportion in Solvent, which ranged about 45% in the year 2023.
Major player in the Belgium Acetone market is INEOS Phenol. Other players in global Acetone market are INEOS Group Ltd., Cepsa Corporation, Versalis, Formosa Chemicals and Fibre Corp, Kumho P&B Chemicals., Inc., Olin Corporation, Advansix, PTT Phenol, Shell Chemicals, Chang Chun Petrochemical Co., Ltd., Zhejiang Petroleum & Chemical Co., Ltd., Mitsui Phenols Singapore Pte. Ltd., LG Chem Ltd., and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
This report will be delivered on an online digital platform with one-year subscription and quarterly update.
Objective of the Study:
• To assess the demand-supply scenario of Belgium Acetone which covers production, demand and supply of Acetone market in Belgium.
• To analyse and forecast the market size of Belgium Acetone
• To classify and forecast Belgium Acetone market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Acetone market in Belgium.
To extract data for Belgium 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 Belgium Acetone market over the coming years.
ChemAnalyst calculated Acetone demand across the Belgium 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, Belgium 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
270 thousand tonnes
Market size Volume by 2034
390 thousand tonnes
Growth Rate
CAGR of 3.22% 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, Foreign Trade, Company Share, Manufacturing Process.
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
In case you do not find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com.
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
Analyzing the change in demand of Acetone in different regions, i.e., Antwerp & Flanders, Walloon Region, Brussels Capital Region, and Rest of Belgium, 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. Company Share
Figure out what proportion of the market share of Acetone is currently held by leading players across Belgium.
11. Country-wise Export
Get details about quantity of Acetone exported by major countries.
12. Country-wise Import
Get details about quantity of Acetone imported by major countries.
13. Manufacturing Process
Discover insights into the intricate manufacturing process of Acetone.
I am satisfied with overall performance of ChemAnalyst. Weekly updates before the final report were especially helpful and reassuring. Additional requests on the interim and/or final reports were handled in a swift and professional manner
Mr.Shin Dosho
Member - Board of Directors
Osaka Gas Co. Ltd
Disruption Tracker
Disruption Tracker reflect the major shutdown on monthly basis which will help you in
tracking the inventory management and smooth functioning of business. Unforeseen shutdowns and disruptions
resulting in a loss of production capacity to impact the bottom line. The capacity tracker provides industries
with a global view of production and consumption capacity loss that reflects the corresponding conversion factors.
It also highlights the immediate impact on supply due to planned and unplanned outages as well as upcoming start-up
of new capacities. Additionally, it emphasizes how each shutdown—whether due to a maintenance turnaround or a case
of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight
into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What was the size of Belgium Acetone market in terms of volume in 2023?
Ans:
The size of Belgium Acetone market has grown significantly in the historic period and reached approximately 270 thousand tonnes in 2023.
Q2.
Which industries are the leading consumer of Acetone in Belgium?
Ans:
Solvent, MMA (Methyl Methacrylate ), Bisphenol A, are the leading consumers of Acetone.
Q3.
Do you offer single or multiuser license?
Ans:
Online Access 12 Months – Single User License (Up to 3 users can access the database) Online Access 12 Months – Enterprise License (Up to 10 Users can access the database)
Q4.
Will I get access to the analyst who authored this report?
Ans:
You will have 24/7 access to the analyst during the subscription period.
Our Solutions
Custom Research
We at ChemAnalyst provide tailor-made solutions to our clients based on their requirements which help them in building and expanding their business by developing customized strategy such as sales strategy, GTM Strategy, product portfolio and new product development. Our dedicated team helps clients in getting the best solution for their requirements. We at ChemAnalyst look forward to serving our clients for long term association.
Techno Economic Feasibility Report (TEFR)
ChemAnalyst provide TEFR reports which include market sizing, plant cost (ISBL and OSBL units), financial modelling, covering all the major financial calculations and ratios including production cost, IRR, major technology, licensing fee (if required), and others fixed and variable costs. TEFR reports will help the client to build greenfield project as well as brownfield expansion for a specific geography. Our Team of experts have delivered multiple TEFR reports which help clients in moving ahead of their business competition by grabbing the opportunity and expanding their business portfolio.
Price Benchmarking
Pricing benchmark report provides real-time data perpetuating current market scenarios, in a world that is changing at a rapid pace, having real-time prices is an imperative to make impactful insights and thereby informed decisions. The Price Benchmarking report provides pricing data for an individual market, or group of markets, which can be converted into localized insights and comparable listings. Benchmarking Reports help clients to make informed decisions by construing the data on several filters: region, country, category, grade and subsequently increasing their brand presence. Clients majorly require pricing benchmarks when they opt for a competitive pricing strategy.