The Spain Acetone market demand stood at roughly 340 thousand tonnes in 2023 and is expected to grow at a CAGR of 3.35% during the forecast period until 2034.
Acetone is a highly versatile solvent with volatile nature. In the cosmetics and personal care sector, it serves as a key ingredient in nail polish removers and skincare formulations. Its significance extends to chemical manufacturing, where it acts as a fundamental building block for synthesizing plastics, resins, and pharmaceutical intermediates. Additionally, acetone is essential in the production of various plastics and resins, including polycarbonates and epoxy resins. Its efficacy as a solvent finds applications in cleaning agents for removing oils, resins, and adhesives. Furthermore, acetone is a key raw material in the production of chemicals such as Bisphenol A (used in the production of plastics) and Methyl Methacrylate (used in the production of polymers).
The robust demand for Acetone in Spain is intricately tied to its exceptional role as a solvent in the pharmaceutical and cosmetics sectors. Its wide-ranging applications in these industries are fueled by the ideal properties it possesses, coupled with its cost-effectiveness, making it a preferred choice. Acetone's effectiveness as a solvent in pharmaceutical formulations and cosmetic products, such as nail polish removers, drives its consistent usage and elevates its significance. Furthermore, the sustained surge in demand for Acetone is significantly augmented by the heightened need for its derivatives like Bisphenol A and Methyl Methacrylate across diverse end-use industries. These derivatives, being crucial components in the production of plastics and polymers, cater to various sectors, including construction, automotive, and packaging. The versatility of Acetone and its role as a key raw material in the synthesis of these derivatives contribute substantially to the overall growth of the Spanish Acetone market. The affordability and quality of Acetone, combined with its pivotal role in essential industrial processes, position it as a key driver in meeting the demand emanating from pharmaceuticals, cosmetics, and other industries in the dynamic Spanish market. Owing to these reasons, Spain Acetone market is likely to reach roughly 480 thousand tonnes in 2034.
Based on the end-user industry, the Spain 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 50%.
Major player in the Spain Acetone market is Cepsa Quimica. Other players in the Europe Acetone market are INEOS Phenol, Versalis, Borealis Polymers, Novapex, PKN Orlen, Saratovorgsintez, Ufaorgsintez, Domo Caproleuma, 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 Spain Acetone which covers production, demand and supply of Acetone market in Spain.
• To analyse and forecast the market size of Spain Acetone
• To classify and forecast Spain Acetone market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Acetone market in Spain.
To extract data for Spain 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 Spain Acetone market over the coming years.
ChemAnalyst calculated Acetone demand across the Spain 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, Spain 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
340 thousand tonnes
Market size Volume by 2034
480 thousand tonnes
Growth Rate
CAGR of 3.35% 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)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
Madrid, Extremadura & Castilla, North Spain, Aragon & Catalonia, and Andalusia, Murcia & Valencia
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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., Madrid, Extremadura & Castilla, North Spain, Aragon & Catalonia, and Andalusia, Murcia & Valencia, 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 Spain.
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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What was the size of Spain Acetone market in terms of volume in 2023?
Ans:
The size of Spain Acetone market has grown significantly in the historic period and reached approximately 340 thousand tonnes in 2023.
Q2.
Which industries are the major consumers of Acetone in Spain?
Ans:
Solvent, MMA (Methyl Methacrylate ), and Bisphenol A, industry are the major consumers of Acetone in Spain
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Ans:
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