The Acetone Production in North East Asia Is Anticipated to Reach 3.5 Million Tons in 2023

SOFIA, Bulgaria - April 8, 2019 - PRLog -- According to a recently published report about the North East Asian acetone market, it was equal to 2.610 million tons in 2013. The largest country market within the region was China, which in 2013 accounted for a share of 50% of the total in volume terms. Until 2023, the North East Asian market is forecast to reach 3.6 million tons, thus growing at a CAGR of about 3.0% per annum in the period 2018-2023. This is a slight slowdown, compared to the growth at a CAGR of around 4.1% per year, registered in 2013-2017.

The analytical research projects that the North East Asian production of acetone is likely to grow to around 3.5 million tons in the medium term. Similar dynamics of the overall installed production capacities and their annual average utilization rates in the region are also expected. In addition, the market is forecast to become more unbalanced in terms of supply and demand, also showing significant upward dynamics in the medium term.

As an overall, the report presents a strategic analysis of the acetone market in North East Asia and a forecast for its development in the medium term. It provides a comprehensive overview of the market, its dynamics, structure, characteristics, main players, production capacities, trends, prices, production, imports, exports, growth and demand drivers, and all other important factors, influencing its development. The report focuses on both product and country breakdown, offering a larger perspective on the regional market dynamics as well as information on each individual country within the region.

The research report has been prepared using the unique Williams and Marshall Strategy's methodology, including a blend of qualitative and quantitative data. The information comes from official sources and insights from market experts (representatives of the main market participants), gathered by semi-structured interviews. This report will allow its readers to quickly and cost–effectively get a strategic analysis and gain competitive intelligence about the market and to track market data, including size, value, segmentation, forecasts, dynamics and structure – past, present and future. In addition, the readers will be able to strategically assess the competitive position of the main market players, explore and identify new market opportunities in the countries within the region, recognize key market trends, opportunities and threats and key drivers behind recent market changes as well as strategically evaluate market growth potential.

The report includes information on the following companies:

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•        Bluestar Harbin Petrochemical;

•        Cepsa Quimica China;

•        Chang Chun Pc;

•        Cnooc and Shell Pc;

•        Formosa Plastics Corp.;

•        Huizhou Zhongxin Chemical;

•        Ineos Phenol Yangzi Pc;

•        North Huajin Chemical Ind.;

•        Petrochina Jilin Pc;

•        Shandong Lihuayi Group;

•        Shiyou Chemical Yangzhou;

•        Sinopec Mitsui Chemicals;

•        Sinopec Sabic Tianjin Pc;

•        Sinopec Shanghai Gaoqiao Co.;

•        Sinopec Yanshan Company;

•        Zhejiang Petrochemical;

•        Chiba Phenol Mitsubishi Chemical;

•        Mitsui Chemicals;

•        Sumitomo Chemical;

•        Kumho P and B Chemicals;

•        Lg Chemical.

You can find more information about this report here: https://www.wm-strategy.com/catalog/product/view/id/125282/s/north-east-asia-acetone-market/. This report can be customized, based on the particular data and insight needs and requirements of each client. For this and other similar product groups, single-country, regional and global reports can be provided for all global countries and regions. Williams and Marshall Strategy also offers Custom Research Services, providing focused and comprehensive solutions, tailor-made to fit the requirements of each individual client. Feel free to visit our online store and contact us for more information at: http://www.wm-strategy.com.