The Germany Acetone market demand stood at nearly 460 thousand tonnes in 2023 and is expected to grow at a CAGR of 3.8% during the forecast period until 2034.
Given its remarkable miscibility with various substances, acetone serves a dual purpose as both a solvent and a key raw material in producing chemical intermediate products. A significant application lies in its role as a fundamental raw material in the production of Methyl methacrylate (MMA). Additionally, acetone plays a crucial role in the manufacturing process of bisphenol A (BPA). Due to its solvent properties, acetone finds application in the production of agents designed for the removal of oils, resins, paints, construction foam, and similar substances. This versatility positions acetone as a valuable component in various industrial processes and applications.
The prospective consumption of acetone in Germany is poised for notable growth in the predicted timeframe, driven by an increasing influx of capital investments dedicated to the production of its high-value derivatives, including Bisphenol A, Methyl Methacrylate, and Isopropyl Alcohol. This surge is propelled by the substantial demand for these derivatives. Moreover, the consistent and robust increase in the demand for acetone as a superior solvent, attributed to its low cost and favorable properties, is anticipated to elevate its preference significantly. This positions acetone as a superior alternative over other available solvent substitutes in the upcoming years. Owing to these reasons, Germany Acetone market is likely to reach roughly 700 thousand tonnes in 2034.
Based on the end-user industry, the Germany Acetone market is segmented into Solvent, MMA (Methyl Methacrylate ), Bisphenol A, and Others. As of 2023, the Solvent Industry dominates Acetone consumption, holding a significant market share of 44%.
Major players in the Germany Acetone market are INEOS Phenol and Domo Caproleum. Other players in the global Acetone market are Formosa Chemicals and Fibre Corp, Cepsa Corporation, INEOS Group Ltd., Kumho P&B Chemicals., Inc., PTT Phenol, Shell Chemicals, Versalis, Zhejiang Petroleum & Chemical Co., Ltd., Chang Chun Petrochemical Co., Ltd., Mitsui Phenols Singapore Pte. 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 Germany Acetone which covers production, demand and supply of Acetone market in Germany.
• To analyse and forecast the market size of Germany Acetone market
• To classify and forecast Germany Acetone market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Acetone market in Germany.
To extract data for Germany 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 Germany Acetone market over the coming years.
ChemAnalyst calculated Acetone demand across the Germany 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, Germany 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
460 thousand tonnes
Market size Volume by 2034
700 thousand tonnes
Growth Rate
CAGR of 3.8% 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.
Segments covered
By End-Use: [Solvent, MMA (Methyl Methacrylate ), Bisphenol A, and Others]
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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
Analyzing the change in demand of Acetone in different regions, i.e., Southwest, Southeast, Northeast, and Northwest, 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 Germany.
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.
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supply of the product in the market at a Global level.
What was the size of Germany Acetone market in terms of volume in 2023?
Ans:
The size of Germany Acetone market has grown significantly in the historic period and reached approximately 460 thousand tonnes in 2023.
Q2.
Which industry is leading as the leading consumer of Acetone?
Ans:
Solvent industry is the leading consumer of Acetone.
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Ans:
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