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The European Acetone market was struck by supply shortage on maintenance turnarounds from Domo Caproleuna and Seqen followed by limited imports from US and Asia.
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Acetone Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Market Overview Quarterly Update on Global Acetone Market Asia Market fundamentals of Asia Acetone Market remained stalled, pressurized by supply overhang due to massive capacity additions from China’s Zhejiang Petrochemicals. Get more info : https://www.chemanalyst.com/Pricing-data/acetone--12
Acetone Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ However, the equipment failure in the new plant in early September provided huge relief as traders who earlier held back procurement under hopes for further plunge in the prices, rushed to fulfill their inventory requirements as per the consumption pattern. Manufacturers across the Northern Asia operated their plants at nearly full capacities, but the inventories of Acetone remained manageable with appreciable offtakes from certain end-use industries. Europe The European Acetone market was struck by supply shortage on maintenance turnarounds from Domo Caproleuna and Seqen followed by limited imports from US and Asia. As several countries in the region resumed their work life, increment in demand for clear plastic shield as a prevention for Coronavirus led to increased consumption of BPA and MMA adding to the strong downstream demand. Moreover, rise in the number of home improvement projects kept the demand for Acetone from paints and coatings industry in a healthy position. North America Acetone supply in North America was tightened with producers like SABIC and Shell imposing a production turnaround while INEOS submitting the production due to force majeure. Demand remained firm with prominent improvement in economy. Although the demand for its major derivative IPA decreased in comparison to the highs observed in the previous quarter but remained at considerate levels on its consistent disinfectants. consumption in sanitizers and
Acetone Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ How we can help ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of Chemanalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally.” Methodology ChemAnalyst gathers information through primary research surveys conducted with various Acetone manufacturers, international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market. spread across domestic and Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Acetone market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility. Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.
Acetone Prices Overview E-mail : info@chemanalyst.com | website : www.chemanalyst.com/ Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Acetone market. Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on daily, weekly, monthly and yearly basis. Finally, region-specific markets for Acetone are analyzed and region-wise demand pattern is tracked. About Acetone also called Propanone, is a colorless, flammable and volatile organic chemical solvent. It is primarily utilized as an industrial solvent with commendable consumption from the pharmaceutical industry due to its high miscibility in other solvents. The product is also utilized as an active cleanser in commercial operations, laboratories applications of Acetone are the manufacturing of Bisphenol A (BPA) and Methyl Methacrylate (MMA). It is also used to make various other compounds such as diacetone alcohol, methyl iso butyl ketone (MIBK), isophorone, etc. Acetone is commonly produced via Cumene route, which involves reaction of Propylene with Benzene in zeolite or phosphoric acid-based catalyst. Acetone is produced as a co-product during Phenol production. Each tonne of phenol produces, around 0.62 tonnes of Acetone in one go. and households. The two major
