[Online Quarterly Update] The demand for Acetone in MEA outshined at a robust growth rate in the last five years and is forecasted to project an appreciable CAGR of 4.74% in between 2021-2030. Acetone demand in MEA is growing across various end-use industries as an efficient feedstock and cost-effective solvent. The major end-use industries of Acetone are Chemicals, Food and Beverages, paint and coatings, plastics, construction, and automotive. The demand for Acetone is anticipated to consolidate substantial share from the alcoholic beverage industry on the back of changing lifestyle of people supported by increase in their capital income. Moreover, rising investment in capacity additions of several derivatives of Acetone is likely to serve huge gains in enlarging its consumption in the upcoming years.
Due to the outbreak of COVID-19 pandemic, the global market experienced major disruptions which also impacted the Middle East Africa market. Production units were shut down and manufacturing of various end products was put on a halt. Due to this, the demand for acetone was affected to a large extent. However, the rising adoption of Acetone in pharmaceutical industries for sanitizers, disinfectants, and various personal care products amid the pandemics reinstated the Acetone market growth in the Middle East Africa region and is anticipated to propel the demand for Acetone in the forecast period.
The key players of Acetone market globally are BASF SE, Altivia Petrochemicals LLC., PTT Public Company Ltd., Shell Chemicals Company, LyondellBasell Industries Inc., China Petroleum & Chemical Corporation, Reliance Chemicals Ltd. Co., Parsol Chemical Pvt, Ltd., Formosa Chemicals and Fiber Co., Honeywell International Inc., Ineos Group Ltd., Mitsui Chemicals Inc., and Hindustan Organic Chemicals Limited among others.
Years Considered for Analysis:
Historical Years: 2015–2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022–2030
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Objective of the Study:
• The primary objective of the study was to evaluate and forecast Acetone capacity, production, demand, the demand-supply gap in MEA.
• To categorize Acetone demand based on end use, type, sales channel, and region.
• To study trade dynamics and company share in the MEA Acetone market.
• To identify major customers of Acetone in MEA.
• To evaluate and forecast Acetone pricing in MEA.
• To identify and profile major companies operating in the MEA Acetone market.
• To identify major developments, deals, and expansion plans in the MEA Acetone market.
To extract data for Middle East and Africa (MEA) Acetone market, primary research surveys were conducted with Acetone manufacturers, suppliers, distributors, wholesalers and end users. 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 end user segments and projected a positive outlook for MEA Acetone market over the coming years.
ChemAnalyst calculated Acetone demand globally by analyzing the historical data and demand forecast which was carried out considering imported Acetone, prices, materials used for production of Acetone. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at 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 policymakers
• 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, distributors, and policymakers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
Deliverables:
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Installed Capacity By Company
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Installed capacity at regional level along with individual capacity of leading players
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Installed Capacity By Location
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Installed capacity at country level
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Installed Capacity By Process
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Installed capacity by different processes
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Installed Capacity By Technology
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Installed capacity by different technologies being used to produce Acetone
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Production By Company
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Actual production done by different companies
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Operating Efficiency Company
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Operating efficiency at which different companies are operating their plants
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Demand By End Use
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Demand/Sale of Acetone in different end user industries across the region
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Demand By Sales Channel
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Demand/Sale of Acetone by different sales channels across the region
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Demand By Country
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Demand/Sale of Acetone in different countries of the region- Saudi Arabia, Iran, Rest of MEA
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Demand & Supply Gap
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Demand & Supply Gap at regional level
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Market Share of Leading Players
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Revenue shares of leading players in the region.
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News & Deals
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Historical & Current News & Deals in Acetone Market
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
In case you can’t find what, you are looking for then please get in touch with our custom research team at
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