The Finland Acetone market demand stood at 85 thousand tonnes in 2023 and is expected to grow at a CAGR of 3.22% during the forecast period until 2034.
Acetone, distinguished by its highly adaptable solvent properties and volatile characteristics, plays a multifaceted role across various industries. It stands out as a pivotal raw material in the manufacturing of chemicals like Bisphenol A (employed in plastics production) and Methyl Methacrylate (utilized in polymer production), thereby solidifying its integral role in diverse industrial processes. Beyond its use in chemicals, acetone assumes a crucial function in the cosmetics and personal care sector, serving as a vital component in formulations for nail polish removers and skincare products. Furthermore, its significance extends into chemical manufacturing, where acetone acts as a fundamental building block for synthesizing plastics, resins, and pharmaceutical intermediates. The pharmaceutical industry particularly capitalizes on acetone for specific processes, emphasizing its versatility in pharmaceutical product production. Additionally, acetone plays an essential role in the production of various plastics and resins, including polycarbonates and epoxy resins, further contributing to its indispensable role in different industrial applications.
The surge in Acetone demand is predominantly fuelled by its extensive utilization as a cost-effective and highly effective solvent in industries such as pharmaceuticals, adhesives, and paints and coatings. Furthermore, substantial investments in expanding production capacities for sought-after derivatives like Bisphenol A, Methyl Methacrylate, and Iso Propyl Alcohol, aimed at meeting their escalating demand nationwide, are anticipated to offer significant growth opportunities for Acetone in the forecast period. Thus, Finland Acetone market is likely to reach roughly 120 thousand tonnes in 2034.
Based on the end-user industry, the Finland 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 was about 41% in the year 2023.
Major player in the Finland Acetone market is Borealis Polymers. Other global players include 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 Finland Acetone which covers production, demand and supply of Acetone market in Finland.
• To analyse and forecast the market size of Finland Acetone
• To classify and forecast Finland Acetone market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Acetone market in Finland.
To extract data for Finland 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 Finland Acetone market over the coming years.
ChemAnalyst calculated Acetone demand across the Finland 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, Finland 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
85 thousand tonnes
Market size Volume by 2034
120 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.
Segments covered
By End-Use: (Solvent, MMA (Methyl Methacrylate), Bisphenol A, and Others)
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What was the size of Finland Acetone market in terms of volume in 2023?
Ans:
The size of Finland Acetone market has grown significantly in the historic period and reached approximately 85 thousand tonnes in 2023.
Q2.
Which industries are the leading consumers of Finland Acetone market?
Ans:
Solvent, MMA (Methyl Methacrylate), and Bisphenol A are the leading consumers of Finland Acetone market.
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