CATEGORY

Acetone

The global demand of acetone is estimated to grow at a CAGR of 3.4 percent to reach 7.74 MMT in 2022 APAC has the largest installed capacity and it is the fastest growing region with demand from downstream construction and automobile industries.

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Acetone Market Monitoring Dashboard


Price Trend
1545.00
Feb-2023
USD/MT
History Forecast
Supply Demand

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Acetone Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Acetone category is 6.50%

Payment Terms

(in days)

The industry average payment terms in Acetone category for the current quarter is 60.0 days

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Financial Risk

Sanctions

AMEs

Geopolitical Risk

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    Acetone Suppliers


    1,826
    Total Suppliers
    45
    Diverse Suppliers
    75
    Normalized Supplier Rating
    Acetone Supplier

    Find the right-fit acetone supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    BASF SE
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    1
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.


    Creditsafe Rating


    D/2

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    A 71 - 100

    Very Low Risk

    B 51 - 70

    Low Risk

    C 30 - 50

    Moderate Risk

    D 21 - 29

    High Risk

    E 0 - 20

    Not Rated


    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    59

    100
    Robust (1)
    ESG Perfomance (/100)
    Environment
    60
    Social
    59
    Governance
    57
    6 Domains Performance (/100)
    Business behaviour
    62
    Human rights
    68
    Community Environment
    42
    Corporate governance
    60
    Human resources
    61
    Security Scorecard
    82

    Threat indicators
    B
    83
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    D
    62
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    B
    80
    Application Security
    Detecting common website application vulnerbilities
    B
    81
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    B
    85
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    94
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    basf.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    17
    Workforce Health Safety Issues
    0
    Product Service Issues
    22
    Human Rights Issues
    3
    Production Supply Chain Issues
    35
    Environmental Non Compliance Flags
    74
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    21
    Fraud Issues
    8
    Labor Health Safety Flags
    12
    Regulatory Issues
    13
    Workforce Disputes
    6
    Sanctions
    0
    esg energy transition
    49
    Discrimination Workforce Rights Issues
    3
    esg controversies critical severity
    Yes

    Acetone market frequently asked questions


    The demand for the global acetone market is projected to grow at a CAGR of 3.4 percent to reach 7.74 MMT in 2022. With the largest installed capacity, the APAC is the fastest-growing region with demand from downstream construction and automobile industries.

    As per Beroe's acetone market report, the major supply share of the acetone market comes from North America (21 percent), EU (26.4 percent), and APAC (46.1 percent).

    The major factors driving the acetone production cost in the global market are the fluctuating prices of benzene and propylene. The contract prices of benzene are finalized in the first week of the month, while for propylene, it is done in the last week of the month. Based on this, the market players arrive at the market price of acetone.

    The top global suppliers for the acetone market are Ineos Phenol GmbH & Co KG, Sinopec Group, Cepsa Quimica, Mitsul Chemicals Inc., Formosa Chemicals and Fibre Corp ' (FCFC).

    The major demand driver for the acetone market is the increasing downstream demand from BPA, MMA, and pharmaceutical segments in Asia and other developing economies.

    Acetone market report transcript


    Acetone Market Analysis and Global Outlook

    The global demand of acetone is estimated to grow at a CAGR of 3.7 percent in 2020 and is to reach 8.56 MMT by 2024

    APAC has the largest installed capacity, and it is the fastest growing region with demand from downstream construction and automobile industries

     

    Demand Market Outlook

    • Currently, the acetone market is over-supplied and the capacity demand gap is expected to reduce marginally after 2019, as no newly capacity additions have been announced
    • The market, is however far from being tight-supplied, and hence, giving more negotiation power to buyers (particularly from BPA segment)
    • Stronger demand for acetone than for phenol would continue to pressure acetone supply mainly from the growing investment in economies, such as LATAM and India

    Industry Best Practices

    • In North America and Europe, benzene and propylene contract prices are used as a base to arrive at acetone prices
    • About 85–90 percent correlation between benzene and acetone, and the same between propylene and acetone implies greater dependency over the feedstock price movements
    • The top acetone suppliers in Asia publish their individual quotes and the average, of which is reported as Asian Contract Price (ACP) by the price reporting organizations. Other market players tend to use this as a base in arriving at their contract prices

    Global Market Size: Acetone

    • Major demand drivers are the increasing downstream demand from BPA, MMA, and pharmaceutical segments in Asia and other developing economies
    • From 2014–2015, the average price of acetone across all the region decreased by 25–30 percent, due to the slump in crude oil prices from 100 $/bbl. levels to 30 $/bbl. levels Y-o-Y

    Global Capacity–Demand Analysis

    • About 45 percent of the global acetone capacity is concentrated in Asia
    • About 0.8 MMT capacity additions have taken place between 2012–2014 and 0.838 MMT and it is expected to come online between 2019–2022, making Asia, especially China less dependent on imports
    • The production of acetone is interdependent on the demand for phenol, as acetone is a by-product during phenol production
    • When there is an excess supply of phenol and high demand for acetone, phenol is converted to acetone to cater the demand

    Market Outlook

    • Current capacity – demand scenario: On a global level, there is an excess capacity, however, this excess capacity is mainly concentrated in Asia
    • With a moderate growth rate, demand from downstream industries, like construction and automobile in developing economies, is expected to drive the demand for acetone
    • Future capacity – demand scenario: About 0.838 MMT of acetone is expected to be added to the overall production capacity by the end of 2022
    • Due to matured demand growth rates in North America and Europe, future capacity additions are mostly planned in Asia, specifically China, where the demand is growing at a faster pace
    • These additions are further anticipated to reduce Asia's dependency on imports from Europe and North America

    Engagement Outlook

    • Low volume buyers in North America, Asia, and Europe are recommended to have long-term contracts with acetone manufacturers for supply security
    • As there is a heavy price volatility, due to high dependency on phenol and feedstock, contract models are much favored compared to spot

    Global Demand by Application

    • Acetone demand is expected to be driven by the developing economies like Asia and LATAM, as the major downstream applications of acetone are directly linked to the construction and automobile sectors
    • BPA and MMA segments are likely to grow at 4.5 percent and 4.3 percent, respectively. This increasing demand is majorly from the automobile and pharmaceutical industries and it is anticipated to drive the demand for acetone

    Acetone Market Overview

    The industrial sector is the largest end-user for acetone and is expected to occupy 58 percent of the acetone market share.The North American Acetone market is highly mature with equally mature acetone manufacturers. The top 3 acetone suppliers holding over 60 percent of the overall capacity in the region. 

    Abundant availability of feedstock propylene and benzene supply in the market coupled with cheaper feedstock prices have a positive impact on the acetone market.The acetone market is already suffering from excess capacity with average operating rates hitting 80 percent levels. The US acetone market price witnessed a slight increase during August 2019, due to an increase in the price of feedstock propylene.

    Average operating costs are high in Europe, due to a low number of backward integrated acetone suppliers to benzene and propylene. Asia is a cost-effective region, due to cheap feedstock, labor, and low electricity prices. Asia Pacific holds the largest market share for acetone suppliers (46 percent) out of which 19 percent is China alone. 

    Why You Should Buy This Report

    • Key profiles and SWOT analysis of acetone manufacturers such as Ineos Phenol, Sinopec group, CEPSA Quimica, etc.
    • Detailed market cost structure and price trend analysis.
    • The report gives information about the drivers and constraints of the global acetone market.
    • Best sourcing models and industry practices.