The France Acetone market demand stood at roughly 115 thousand tonnes in 2023 and is expected to grow at a CAGR of 2.78% during the forecast period until 2034.
Acetone, characterized by its colourless and volatile nature with the chemical formula C3H6O, is a versatile compound with extensive applications across various industries. Remarkably, over 95 percent of global acetone production results as a by-product of Phenol. The synthesis process involves alkylating benzene with propylene to produce cumene, which then undergoes an air oxidation reaction, yielding both phenol and acetone. Known for its miscibility with water, acetone serves as a significant organic solvent in industrial settings. The applications of acetone are diverse and widespread, spanning industries such as cosmetics, personal care, paints, coatings, and the automobile industry. Additionally, the polymer industry relies on acetone in the production of essential compounds like MMA (Methyl Methacrylate) and Bisphenol-A. The multifaceted utility of acetone underscores its importance as a fundamental chemical compound in various sectors, showcasing its versatility and indispensable role in industrial processes and product formulations.
The factors influencing the Acetone market in France are predominantly influenced by various end-use sectors. In France, the Acetone market is significantly influenced by a range of end-use sectors. The cosmetics and personal care industry, relying on Acetone as a solvent, contributes to market dynamics, alongside the paints and coatings sector where Acetone plays a crucial role in formulation. The automobile industry's demand for Acetone in coatings and finishes, coupled with its applications in chemical manufacturing, further shapes the market landscape. Furthermore, the continuous upward trend in demand for Acetone derivatives such as Bisphenol A and Methyl Methacrylate across diverse end-use sectors is poised to make a substantial contribution to the overall expansion of the Acetone market in France during the forecast period. The strategic importance of Acetone in the production of key derivatives aligns with the evolving needs of various industries, further highlighting its integral role in driving market growth. The intricate connections with these end-use sectors collectively define the factors influencing the Acetone market in France, with shifts in demand and regulatory considerations playing integral roles in shaping market trends. Owing to these reasons, France Acetone market is likely to reach roughly 155 thousand tonnes in 2034.
Based on the end-user industry, the France 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 45%. Also, MMA (Methyl Methacrylate) also holds significant Acetone market share.
Major player in the France Acetone market is Novapex. Players in the global Acetone market are Versalis, INEOS Group Ltd., Cepsa Corporation, Kumho P&B Chemicals., Inc., Chang Chun Petrochemical Co., Ltd., Advansix, Formosa Chemicals and Fibre Corp, PTT Phenol, Shell Chemicals, Versalis, Zhejiang Petroleum & Chemical Co., Ltd., Mitsui Phenols Singapore Pte. Ltd., LG Chem Ltd., Olin Corporation, 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 France Acetone which covers production, demand and supply of Acetone market in France.
• To analyse and forecast the market size of France Acetone
• To classify and forecast France Acetone market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Acetone market in France.
To extract data for France 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 France Acetone market over the coming years.
ChemAnalyst calculated Acetone demand across the France 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, France 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
115 thousand tonnes
Market size Volume by 2034
155 thousand tonnes
Growth Rate
CAGR of 2.78% 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
Northern France, Southern France, Western France, Eastern France, and Rest of France
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What was the size of France Acetone market in terms of volume in 2023?
Ans:
The size of France Acetone market has grown significantly in the historic period and reached approximately 115 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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