Demand for Acetone in 2018 is around 266 KT and is
expected to grow at a healthy CAGR during the forecast period. This demand can
be attributed to the growing need for acetone in the pharmaceutical industry
for development of new drugs. Furthermore, increasing demand for solvent based
products in lubricants, thinners and surface coatings would also contribute to
the growth in demand for acetone in the country.
Rising demand for
the acetone intermediate products such as MMA (Methyl methacrylate) for a
variety of end-use applications such as in PVC modification, medical procedures especially dental and
joint replacement would also contribute to its growing demand. These factors coupled with rising per capita income, change in lifestyle
and growing preference for personal care products would further drive the
demand for acetone during the forecast period.
Currently, there are three major manufacturers in India that produce acetone.
India is also dependent on import from countries such as Japan, Thailand, etc.
The major producers of acetone are Deepak Phenolics Limited, Hindustan Organics
Chemicals Limited and SI Group India Limited. Many small industries like Prasol
Industries are expected to increase their production to fulfill the domestic
demand of acetone in India. Further a massive growth can be witnessed in the
Acetone’s market by 2030.
Years Considered for this Report:
Years: 2013 – 2018
Period: 2021 – 2030
Objective of the
primary objective of the study was to evaluate and forecast acetone production,
demand, inventory, and demand–supply gap in India.
categorize demand for acetone based on end use, sales channel
trade dynamics and company share in India acetone market.
identify major customers of acetone in India.
evaluate and forecast acetone pricing in India.
identify and profile major companies operating in India acetone market.
identify major developments, deals and expansion plans in India acetone market.
In this report, India acetone market has been segmented into following categories:
of the major players operating in acetone market are Deepak Phenolics Limited,
Hindustan Organics Chemicals Limited, Prasol Industries and SI Group India
Limited. Partial list of major customers of acetone are SI
Group, GSFC, ITC Ltd, Godfrey Phillips India Ltd, VST Industries Ltd, India
Oxygen, Goel Gases, Kansai Nerolac, Berger Paints, Shalimar Paints, Torrent
Pharma, Sun Pharma, Strides Shashun, Hindustan Organics, Pfizer, Asian Paints,
extract data for India acetone market, primary
research surveys were conducted with manufacturers, suppliers, distributors,
wholesalers and end users of acetone. While
interviewing, the respondents were also inquired about their competitors. Through
this technique, TechSci Research was able to include manufacturers that could
not be identified due to the limitations of secondary research. Moreover,
TechSci Research analyzed various end user segments and projected a positive
outlook for India acetone market over the
Research calculated demand for acetone in India by analyzing the historical data and demand forecast was carried
out considering the imports, consumption pattern and analyzing the demand by
tracking upcoming manufacturing units. TechSci Research sourced these values
from industry experts and company representatives and externally validated
through analyzing historical sales data of respective
manufacturers to arrive at the overall market size. Various secondary sources
such as company websites, association reports and annual reports were also studied
by TechSci Research.
- Acetone manufacturers, end
user industry 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
study is useful in providing answers to several critical questions that are
important for industry stakeholders such as acetone manufacturers, distributors
and policy makers. The report also provides useful insights about which market
segments should be targeted over the coming years to strategize investments and
capitalize on growth opportunities.
With the given market
data, TechSci Research offers customizations according to a company’s specific