World - Acyclic Ketones Without Other Oxygen Function (Excluding Acetone, Butanone (Methyl Ethyl Ketone), 4-Methylpentan-2- One (Methyl Isobutyl Ketone)) - Market Analysis, Forecast, Size, Trends And Insights
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The article provides an in-depth analysis of the global market for acyclic ketones without other oxygen function, excluding specific ketones like acetone. It predicts an upward trend in consumption and market value over the next eight years, with a projected CAGR of +0.9% for consumption volume and +3.1% for market value from 2022 to 2030. The top consuming countries include China, India, and Russia, with Belgium showing the highest growth rate. Production and exports also saw fluctuations, with the United States and China leading in exports. Import prices increased in 2022, with Italy having the highest average import price. Overall, the global market for acyclic ketones is expected to see gradual growth in the coming years.
Market Forecast
Driven by increasing demand for acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), 4-methylpentan-2- one (methyl isobutyl ketone)) worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.9% for the period from 2022 to 2030, which is projected to bring the market volume to 204K tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +3.1% for the period from 2022 to 2030, which is projected to bring the market value to $2B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Acyclic Ketones Without Other Oxygen Function (Excluding Acetone, Butanone (Methyl Ethyl Ketone), 4-Methylpentan-2- One (Methyl Isobutyl Ketone))
Global consumption of acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), 4-methylpentan-2- one (methyl isobutyl ketone)) reached 190K tons in 2022, leveling off at 2021 figures. Over the period under review, the total consumption indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +4.7% against 2020 indices. Over the period under review, global consumption of attained the maximum volume at 214K tons in 2019; however, from 2020 to 2022, consumption remained at a lower figure.
The size of the market for acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), 4-methylpentan-2- one (methyl isobutyl ketone)) worldwide surged to $1.6B in 2022, increasing by 21% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +26.6% against 2020 indices. Over the period under review, the global market hit record highs in 2022 and is likely to see gradual growth in years to come.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (42K tons), India (21K tons) and Russia (9.4K tons), together accounting for 38% of global consumption. Nigeria, Brazil, Indonesia, the United States, France, Turkey, Germany, Belgium, Japan and the Netherlands lagged somewhat behind, together accounting for a further 32%.
From 2012 to 2022, the most notable rate of growth in terms of ketone)), amongst the main consuming countries, was attained by Belgium (with a CAGR of +15.9%), while ketone)) for the other global leaders experienced more modest paces of growth.
In value terms, Indonesia ($296M), China ($187M) and India ($156M) were the countries with the highest levels of market value in 2022, with a combined 41% share of the global market. Russia, France, Brazil, the United States, Germany, Belgium, Turkey, Japan, Nigeria and the Netherlands lagged somewhat behind, together comprising a further 20%.
Belgium, with a CAGR of +19.3%, recorded the highest rates of growth with regard to market size among the main consuming countries over the period under review, while ketone)) for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of acyclic ketones without other oxygen function per capita consumption in 2022 were Belgium (410 kg per 1000 persons), the Netherlands (219 kg per 1000 persons) and France (100 kg per 1000 persons).
From 2012 to 2022, the most notable rate of growth in terms of ketone)), amongst the key consuming countries, was attained by Belgium (with a CAGR of +15.4%), while ketone)) for the other global leaders experienced more modest paces of growth.
Production
World Production of Acyclic Ketones Without Other Oxygen Function (Excluding Acetone, Butanone (Methyl Ethyl Ketone), 4-Methylpentan-2- One (Methyl Isobutyl Ketone))
Global production of acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), 4-methylpentan-2- one (methyl isobutyl ketone)) shrank slightly to 190K tons in 2022, waning by -1.5% on the previous year. Overall, the total production indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +6.0% against 2020 indices. The growth pace was the most rapid in 2018 when the production volume increased by 22%. Global production peaked at 204K tons in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.
In value terms, production of acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), 4-methylpentan-2- one (methyl isobutyl ketone)) expanded to $1.4B in 2022 estimated in export price. In general, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -12.0% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 32% against the previous year. Global production peaked at $1.6B in 2019; however, from 2020 to 2022, production failed to regain momentum.
Production By Country
China (50K tons) constituted the country with the largest volume of production of acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), 4-methylpentan-2- one (methyl isobutyl ketone)), accounting for 26% of total volume. Moreover, production of acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), 4-methylpentan-2- one (methyl isobutyl ketone)) in China exceeded the figures recorded by the second-largest producer, India (19K tons), threefold. The United States (17K tons) ranked third in terms of total production with a 9.2% share.
In China, production of acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), 4-methylpentan-2- one (methyl isobutyl ketone)) expanded at an average annual rate of +3.8% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: India (+4.6% per year) and the United States (+15.8% per year).
Imports
World Imports of Acyclic Ketones Without Other Oxygen Function (Excluding Acetone, Butanone (Methyl Ethyl Ketone), 4-Methylpentan-2- One (Methyl Isobutyl Ketone))
In 2022, overseas purchases of acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), 4-methylpentan-2- one (methyl isobutyl ketone)) increased by 6% to 70K tons, rising for the second year in a row after two years of decline. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by 13% against the previous year. As a result, imports attained the peak of 86K tons. From 2019 to 2022, the growth of global imports of failed to regain momentum.
In value terms, imports of acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), 4-methylpentan-2- one (methyl isobutyl ketone)) expanded rapidly to $378M in 2022. The total import value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when imports increased by 31% against the previous year. As a result, imports attained the peak of $388M. From 2019 to 2022, the growth of global imports of failed to regain momentum.
Imports By Country
In 2022, India (9.7K tons), the United States (9.6K tons), China (7.8K tons), the Netherlands (7.7K tons), Germany (6.2K tons) and Belgium (5.2K tons) was the major importer of acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), 4-methylpentan-2- one (methyl isobutyl ketone)) in the world, creating 66% of total import. Mexico (2.3K tons), France (2K tons), Turkey (2K tons), South Korea (1.8K tons), Spain (1.8K tons), Japan (1.6K tons) and Italy (1.5K tons) followed a long way behind the leaders.
From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +10.2%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($53M), India ($51M) and China ($43M) appeared to be the countries with the highest levels of imports in 2022, with a combined 39% share of global imports. Germany, the Netherlands, Belgium, France, Mexico, Spain, Italy, Japan, South Korea and Turkey lagged somewhat behind, together comprising a further 42%.
Among the main importing countries, Turkey, with a CAGR of +9.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
The average import price for acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), 4-methylpentan-2- one (methyl isobutyl ketone)) stood at $5,396 per ton in 2022, growing by 7.9% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The pace of growth appeared the most rapid in 2018 an increase of 16% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Italy ($7,956 per ton), while the Netherlands ($3,340 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.1%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Acyclic Ketones Without Other Oxygen Function (Excluding Acetone, Butanone (Methyl Ethyl Ketone), 4-Methylpentan-2- One (Methyl Isobutyl Ketone))
In 2022, global exports of acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), 4-methylpentan-2- one (methyl isobutyl ketone)) dropped to 70K tons, which is down by -1.7% compared with 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 23%. Over the period under review, the global exports of reached the peak figure at 75K tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), 4-methylpentan-2- one (methyl isobutyl ketone)) rose sharply to $397M in 2022. Overall, total exports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +19.4% against 2018 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 25% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the immediate term.
Exports By Country
The United States (20K tons) and China (16K tons) were the largest exporters of acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), 4-methylpentan-2- one (methyl isobutyl ketone)) in 2022, amounting to near 29% and 23% of total exports, respectively. It was distantly followed by Germany (9.1K tons), India (7.5K tons) and the Netherlands (6.9K tons), together mixing up a 34% share of total exports. Japan (2K tons) and Switzerland (1.5K tons) followed a long way behind the leaders.
From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +8.9%), while shipments for the other global leaders experienced more modest paces of growth.
In value terms, India ($87M), the United States ($82M) and China ($77M) were the countries with the highest levels of exports in 2022, together comprising 62% of global exports.
India, with a CAGR of +21.9%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
In 2022, the average export price for acyclic ketones without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), 4-methylpentan-2- one (methyl isobutyl ketone)) amounted to $5,698 per ton, with an increase of 9.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2018 an increase of 10% against the previous year. The global export price peaked in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($11,611 per ton), while the United States ($4,047 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+12.0%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global market for acyclic ketones without other oxygen function. 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 20146219 - Acyclic ketones, without other oxygen function (excluding acetone, butanone (methyl ethyl ketone), 4-methylpentan-2one (methyl isobutyl ketone))
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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