The Japan Acetone market demand stood at roughly 270 thousand tonnes in 2023 and is expected to grow at a CAGR of 3.35% during the forecast period until 2034.
Acetone, distinguished by its transparent and volatile nature and chemical composition C3H6O, is a versatile compound extensively utilized across a spectrum of industries. The majority of acetone production arises as a by-product of Phenol. The synthetic process involves the alkylation of benzene with propylene to create cumene, which, through an air oxidation reaction, results in the production of both phenol and acetone. With its ability to mix seamlessly with water, acetone serves as a crucial organic solvent in industrial and commercial settings. Its applications are in various industries, including cosmetics, personal care, and paints & coatings industry. Additionally, acetone serves as a vital raw material in the production of bisphenol A, a crucial component in the manufacturing of epoxy resins, and methyl methacrylate, a key ingredient in the production of polymers and plastics.
The escalating need for Acetone in distinct pharmaceutical applications as a favoured solvent is anticipated to drive its consumption. The Japanese government's focus on accelerating industrialization, coupled with planned capacity additions for various Acetone derivatives, is set to be a substantial driver for heightened Acetone demand in the forecast period. Notably, the pharmaceutical, cosmetic, paints and coatings sectors are major contributors to the demand for acetone as a solvent in Japan. Furthermore, the overall growth and development of these industries create a favourable environment for the Japanese acetone market to expand in the upcoming forecast years. The pharmaceutical sector, in particular, relies on acetone's unique properties likes low volatility and high miscibility, underscoring its importance as a solvent. The cosmetic industry benefits from acetone's efficacy in formulations. This demand from multiple sectors reflects the wide-ranging utility of acetone and points towards its increasing significance in the Japanese industrial landscape. Due to these reasons, the Japan Acetone market size is estimated to reach roughly 390 thousand tonnes in 2034.
Based on the end-user industry, the Japan Acetone market is segregated into Solvent, MMA (Methyl Methacrylate), Bisphenol A, and Others. The largest chunk of Acetone goes towards Solvent segment. In 2023, this industry consumed about 40 percent of the net Japan Acetone market.
Major players in the Japan Acetone market are Mitsubishi Chemical and Mitsui Chemicals. Other players in the Global Acetone market are Advansix, Olin Corporation, Cepsa Corporation, Chang Chun Petrochemical Co., Ltd., Formosa Chemicals and Fibre Corp, INEOS Group Ltd., Kumho P&B Chemicals., Inc., LG Chem Ltd., Mitsui Phenols Singapore Pte. Ltd., PTT Phenol, Shell Chemicals, Versalis, Zhejiang Petroleum & Chemical Co., Ltd., and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
This report will be delivered on an online digital platform with one-year subscription and quarterly update.
Objective of the Study:
• To assess the demand-supply scenario of Acetone which covers production, demand and supply of Acetone market in Japan.
• To analyse and forecast the market size of Acetone
• To classify and forecast Japan Acetone market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Acetone market in Japan.
To extract data for Japan 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 Japan Acetone market over the coming years.
ChemAnalyst calculated Acetone demand across the Japan 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, Japan 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
270 thousand tonnes
Market size Volume by 2034
390 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, Company Share, Foreign Trade, Manufacturing Process.
Segments covered
By End-Use: (Solvent, MMA (Methyl Methacrylate), Bisphenol A, and Others)
I am satisfied with overall performance of ChemAnalyst. Weekly updates before the final report were especially helpful and reassuring. Additional requests on the interim and/or final reports were handled in a swift and professional manner
Mr.Shin Dosho
Member - Board of Directors
Osaka Gas Co. Ltd
Disruption Tracker
Disruption Tracker reflect the major shutdown on monthly basis which will help you in
tracking the inventory management and smooth functioning of business. Unforeseen shutdowns and disruptions
resulting in a loss of production capacity to impact the bottom line. The capacity tracker provides industries
with a global view of production and consumption capacity loss that reflects the corresponding conversion factors.
It also highlights the immediate impact on supply due to planned and unplanned outages as well as upcoming start-up
of new capacities. Additionally, it emphasizes how each shutdown—whether due to a maintenance turnaround or a case
of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight
into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What was the size of Japan Acetone market in terms of volume in 2023?
Ans:
The size of Japan Acetone market has grown significantly in the historic period and reached approximately 270 thousand tonnes in 2023.
Q2.
Which industry is leading as the leading consumer of Japan Acetone market?
Ans:
Solvent industry is the leading consumer of Japan Acetone market.
Q3.
Do you offer single or multiuser license?
Ans:
Online Access 12 Months – Single User License (Up to 3 users can access the database) Online Access 12 Months – Enterprise License (Up to 10 Users can access the database)
Q4.
Will I get access to the analyst who authored this report?
Ans:
You will have 24/7 access to the analyst during the subscription period.
Our Solutions
Custom Research
We at ChemAnalyst provide tailor-made solutions to our clients based on their requirements which help them in building and expanding their business by developing customized strategy such as sales strategy, GTM Strategy, product portfolio and new product development. Our dedicated team helps clients in getting the best solution for their requirements. We at ChemAnalyst look forward to serving our clients for long term association.
Techno Economic Feasibility Report (TEFR)
ChemAnalyst provide TEFR reports which include market sizing, plant cost (ISBL and OSBL units), financial modelling, covering all the major financial calculations and ratios including production cost, IRR, major technology, licensing fee (if required), and others fixed and variable costs. TEFR reports will help the client to build greenfield project as well as brownfield expansion for a specific geography. Our Team of experts have delivered multiple TEFR reports which help clients in moving ahead of their business competition by grabbing the opportunity and expanding their business portfolio.
Price Benchmarking
Pricing benchmark report provides real-time data perpetuating current market scenarios, in a world that is changing at a rapid pace, having real-time prices is an imperative to make impactful insights and thereby informed decisions. The Price Benchmarking report provides pricing data for an individual market, or group of markets, which can be converted into localized insights and comparable listings. Benchmarking Reports help clients to make informed decisions by construing the data on several filters: region, country, category, grade and subsequently increasing their brand presence. Clients majorly require pricing benchmarks when they opt for a competitive pricing strategy.