The Mexico Acetone market demand stood at nearly 62 thousand tonnes in 2023 and is expected to grow at a CAGR of 3.1% during the forecast period until 2034.
Acetone, characterized by its highly versatile solvent properties and volatile nature, holds a multifaceted role in various industries. acetone stands out as a key raw material in the production of chemicals such as Bisphenol A (utilized in plastics production) and Methyl Methacrylate (employed in polymer production), further solidifying its integral role in various industrial processes. Moreover, in the cosmetics and personal care sector, it functions as a crucial component in formulations for nail polish removers and skincare products. Additionally, its significance extends to chemical manufacturing, where acetone serves as a fundamental building block for synthesizing plastics, resins, and pharmaceutical intermediates. The pharmaceutical industry leverages acetone for specific processes, underlining its versatility in pharmaceutical product production. Furthermore, acetone is essential in the production of various plastics and resins, including polycarbonates and epoxy resins.
The expected surge in the use of Acetone as a cost-effective solvent across diverse industries like pharmaceuticals, cosmetics, and paints and coatings is poised to significantly bolster the market dynamics of Acetone in the forecast period. The demand for acetone in the country is primarily propelled by the expansion of end-use industries, including personal care, paints & coatings, pharmaceuticals, and petroleum. The heightened demand in sectors such as pharmaceuticals, cosmetics, and paints and adhesives are anticipated to play a pivotal role in supporting the market's growth in the upcoming forecast years. Its functions span from serving as a vital ingredient in nail polish removers and adhesives to ensuring the desired consistency in paints and coatings. Moreover, in the realm of chemical and petrochemical processes, Acetone assumes a critical role in the synthesis of various chemicals. Owing to these factors, Mexico Acetone market is likely to reach roughly 87 thousand tonnes in 2034.
Based on the end-user industry, the Mexico Acetone market is segmented into Solvent, MMA (Methyl Methacrylate), Bisphenol A, and Others. Among these, Solvent industry holds the largest market share followed by the MMA (Methyl Methacrylate) industry. Solvent industry held a market share of nearly 42% in the year 2023.
Major players in the global Acetone include LG Chem Ltd., Advansix, Shell Chemicals, Mitsui Phenols Singapore Pte. Ltd., Formosa Chemicals and Fibre Corp, INEOS Group Ltd., PTT Phenol, Zhejiang Petroleum & Chemical Co., Ltd., Kumho P&B Chemicals., Inc., Cepsa Corporation, Olin Corporation, Chang Chun Petrochemical Co., Ltd., Versalis, 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 Mexico Acetone which covers production, demand and supply of Acetone market in Mexico.
• To analyse and forecast the market size of Mexico Acetone
• To classify and forecast Mexico Acetone market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Acetone market in Mexico.
To extract data for Mexico 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 Mexico Acetone market over the coming years.
ChemAnalyst calculated Acetone demand across the Mexico 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 ass 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, Mexico 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
62 thousand tonnes
Market size Volume by 2034
87 thousand tonnes
Growth Rate
CAGR of 3.1% 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, 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
West Region, North Region, South Region, Central Region, and East Region
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What was the size of Mexico Acetone market in terms of volume in 2023?
Ans:
The size of Mexico Acetone market has grown significantly and reached approximately 62 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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