Report Update Nov 1, 2024

Northern America - Acetone - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Northern America: Acetone Market 2024

Acetone Market Size in Northern America

In 2021, the North American acetone market increased by 68% to $X, rising for the second year in a row after two years of decline. The total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +80.8% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Acetone Production in Northern America

In value terms, acetone production surged to $X in 2021 estimated in export price. Overall, production showed a noticeable setback. The growth pace was the most rapid in 2020 when the production volume increased by 25% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Acetone Exports

Exports in Northern America

In 2021, acetone exports in Northern America fell notably to X tons, which is down by -42.6% compared with 2020 figures. In general, exports saw a abrupt contraction. The growth pace was the most rapid in 2015 when exports increased by 15%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, acetone exports declined to $X in 2021. Overall, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2017 when exports increased by 39% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of acetone, namely the United States, represented more than two-thirds of total export.

The United States was also the fastest-growing in terms of the acetone exports, with a CAGR of -14.8% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest acetone supplier in Northern America.

In the United States, acetone exports plunged by an average annual rate of -13.2% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, rising by 52% against the previous year. Export price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, acetone export price increased by +98.0% against 2019 indices. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; afterwards, it flattened through to 2021.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +1.9% per year.

Acetone Imports

Imports in Northern America

In 2021, after two years of decline, there was significant growth in supplies from abroad of acetone, when their volume increased by 100% to X tons. Over the period under review, imports continue to indicate a strong increase. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, acetone imports soared to $X in 2021. In general, imports saw a strong expansion. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

The United States was the largest importer of acetone in Northern America, with the volume of imports accounting for X tons, which was approx. 84% of total imports in 2021. It was distantly followed by Canada (X tons), constituting a 16% share of total imports.

The United States was also the fastest-growing in terms of the acetone imports, with a CAGR of +18.1% from 2012 to 2021. At the same time, Canada (+10.6%) displayed positive paces of growth. While the share of the United States (+9.4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-9.4 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported acetone in Northern America, comprising 83% of total imports. The second position in the ranking was held by Canada ($X), with a 17% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States amounted to +17.1%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, increasing by 44% against the previous year. In general, the import price, however, continues to indicate a mild shrinkage. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.9%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for acetone in Northern America?

The United States remains the largest acetone consuming country in Northern America, accounting for 94% of total volume. Moreover, acetone consumption in the United States exceeded the figures recorded by the second-largest consumer, Canada, more than tenfold.

What are the largest producers of acetone in Northern America?

The United States constituted the country with the largest volume of acetone production, comprising approx. 100% of total volume.

What are the leading suppliers of acetone in Northern America?

In value terms, the United States remains the largest acetone supplier in Northern America.

What are the leading importers of acetone in Northern America?

In value terms, the United States constitutes the largest market for imported acetone in Northern America, comprising 83% of total imports. The second position in the ranking was occupied by Canada, with a 17% share of total imports.

What is the average export price for acetone in Northern America?

In 2021, the export price in Northern America amounted to $1,292 per ton, jumping by 54% against the previous year.

What is the average import price for acetone in Northern America?

In 2021, the import price in Northern America amounted to $919 per ton, with an increase of 14% against the previous year.

This report provides an in-depth analysis of the acetone market in Northern America. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20146211 - Acetone

Country coverage:

Bermuda
Canada
Greenland
Saint Pierre and Miquelon
United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Northern America, split by region and country
Trade (exports and imports) in Northern America
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Bermuda
- Canada
- Greenland
- Saint Pierre and Miquelon
- United States
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023