China Acetone Market Size & Outlook, 2023-2030
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China acetone market highlights
- The China acetone market generated a revenue of USD 1,474.6 million in 2023 and is expected to reach USD 2,653.1 million by 2030.
- The China market is expected to grow at a CAGR of 8.8% from 2024 to 2030.
- In terms of segment, solvents was the largest revenue generating application in 2023.
- Solvents is the most lucrative application segment registering the fastest growth during the forecast period.
Acetone market data book summary
| Market revenue in 2023 | USD 1,474.6 million |
| Market revenue in 2030 | USD 2,653.1 million |
| Growth rate | 8.8% (CAGR from 2023 to 2030) |
| Largest segment | Solvents |
| Fastest growing segment | Solvents |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solvents, Methyl Methacrylate, Bisphenol A |
| Key market players worldwide | Shell PLC, Honeywell International Inc, Mitsui Chemicals Inc, SABIC, Arkema SA, Solvay SA, Domo Inc, Kumho Petrochemical, INEOS, Cepsa |
Other key industry trends
- In terms of revenue, China accounted for 24.3% of the global acetone market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China acetone market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,653.1 million by 2030.
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Acetone Market Scope
Acetone Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Cepsa | View profile | 10001+ | Madrid, Madrid, Spain, Europe | http://cepsa.com |
| Kumho Petrochemical | View profile | 1001-5000 | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.kkpc.com/ |
| INEOS | View profile | 10001+ | Rolle, Geneve, Switzerland, Europe | http://www.ineos.com/ |
| Domo Inc | View profile | 958 | 802 East 1050 South, American Fork, UT, United States, 84003 | https://www.domo.com |
| SABIC | View profile | 10001+ | Riyadh, Ar Riyad, Saudi Arabia, Asia | http://www.sabic.com |
| Shell PLC | View profile | 100000 | Shell Centre, London, United Kingdom, SE1 7NA | https://www.shell.com |
| Solvay SA | View profile | 9000 | Rue De Ransbeek, 310, Brussels, Belgium, B-1120 | https://www.solvay.com |
| Mitsui Chemicals Inc | View profile | 18933 | 1-5-2, Higashi-Shimbashi, Shiodome City Center, Minato-ku, Tokyo, Japan, 105-7122 | http://group.mitsuichemicals.com |
| Arkema SA | View profile | 11039 | 420 rue d’Estienne d’Orves, Colombes, France, 92700 | https://www.arkema.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
China acetone market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to acetone market will help companies and investors design strategic landscapes.
Solvents was the largest segment with a revenue share of 35.04% in 2023. Horizon Databook has segmented the China acetone market based on solvents, methyl methacrylate, bisphenol a covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of China acetone market databook
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Our clientele includes a mix of acetone market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the China acetone market , including forecasts for subscribers. This country databook contains high-level insights into China acetone market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China acetone market size, by application, 2018-2030 (US$M)
China Acetone Market Outlook Share, 2023 & 2030 (US$M)
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