Acetone (C3H6O), also known as propanone, is a colorless, volatile, water-soluble, and flammable organic compound with a distinct smell and taste. It is found naturally in plants, trees, body fat, natural gases, and volcanic ash. It can also be manufactured through the cumene process using benzene and propylene as raw materials. Acetone is widely used as an industrial solvent in manufacturing plastics, fibers, epoxy resins, drugs, and other chemicals. It is also used in several household, cosmetics, and personal care products and for removing paint, varnish, and nail polish. Acetone is a cost-efficient compound that is highly effective, easy to obtain, and safe to use.
One of the key factors driving the global acetone market is the increasing product utilization in the chemical industry to produce agrochemicals, acetylene, celluloid, cellulose acetate, cellulose nitrate, bisphenol-A (BPA), and methyl isobutyl ketone (MIBK). In addition, the widespread product utilization as a solvent in the manufacturing of oils, waxes, fats, resins, rubber, plastics, lacquers, and varnishes is acting as another growth-inducing factor. Furthermore, the increasing demand for acetone in the automotive industry to produce polycarbonates for windows, headlamps, sunroofs, and taillights is providing a considerable boost to the market growth. Additionally, the introduction of bio-acetone that is free of all carcinogenic impurities and produced from the fermentation of biomass for wide-ranging applications in paints, inks, adhesives, and household cleaners is creating a positive outlook for the market. Moreover, the widespread product utilization in the electronics industry as an equipment cleaner and for manufacturing methyl methacrylate (MMA) utilized in flat screens, digital versatile discs (DVDs), compact discs, and laser discs are providing an impetus to the market growth. Other factors, including the extensive application of the compound as a laboratory reagent in academics and research institutions, increasing adoption in the textile industry for degreasing wool and degumming silk, and the rising usage of acetone in the pharmaceutical and cosmetic industries, are anticipated to drive the market growth.
This production cost analysis report by syndicated analytics is the result of a comprehensive examination of the acetone manufacturing process. The study covers all the requisite aspects that one needs to know while making a foray into the acetone industry. It is based on the latest economic data and presents exhaustive insights about the primary process flow, raw material requirements, reactions involved, utility costs, operating costs, capital investments, pricing, margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake in the acetone industry.
The following technical and economic aspects are included in the report:
Impact of COVID-19
Mass Balance and Raw Material Requirements
Various Types of Unit Operations Involved
Raw Material Costs
Land and Construction Costs
Key Questions Answered in This Report?
What are the various unit operations involved in manufacturing acetone?
What are the raw material requirements and costs in manufacturing acetone?
What are the utility requirements and costs in manufacturing acetone?
What are the manpower requirements and costs in manufacturing acetone?
What are the packaging requirements and costs in manufacturing acetone?
What are the transportation requirements and costs in manufacturing acetone?
What are the land requirements and costs in manufacturing acetone?
What are the construction requirements and costs in manufacturing acetone?
What are the profit margins in acetone?
What should be the pricing mechanism of acetone?
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2 Scope and Methodology
2.1 Objectives of the Study
2.3 Research Methodology
3 Executive Summary
4 Global Acetone Market
4.1 Market Overview
4.2 Historical and Current Market Performance
4.3 Impact of COVID-19
4.4 Market Forecast
4.5 Market Breakup by Segment
4.6 Market Breakup by Region
4.7 Price Trends
4.7.1 Acetone Price Trends
4.7.2 Product Margins
5 Acetone Manufacturing Process
5.1 Product Overview
5.2 Detailed Process Flow
5.3 Various Types of Unit Operations Involved
5.4 Mass Balance and Raw Material Requirements
6 Production Cost Analysis
6.1 Raw Material Cost Analysis
6.1.1 Price Trend of Raw Materials Required
6.1.2 Total Expense on Raw Materials
6.2 Utility Cost Analysis
6.2.1 Electricity Costs
6.2.2 Steam Costs
6.2.3 Process Water Costs
6.2.4 Total Expense on Utilities
6.3 Operating Cost Analysis
6.3.1 Salaries and Wages
6.3.2 Plant Overheads
6.3.3 Tax and Insurance
6.3.4 Packaging Costs
6.3.5 Transportation Costs
6.3.6 Sales and Administration Costs
6.3.7 Total Operating Costs
6.4 Capital Cost Analysis
6.4.1 Land and Site Development Costs
6.4.2 Civil Work Costs
6.4.3 Plant Machinery and Commissioning Costs
126.96.36.199 Plant Machinery Costs
188.8.131.52 Auxiliary Equipment Cost
184.108.40.206 Electrical Works and Piping Costs
220.127.116.11 Other Fixed Costs
6.4.4 Working Capital Requirements for Plant Operation
6.4.5 Total Capital Investment Required
6.5 Total Production Cost
7.1 Raw Material Suppliers
7.2 Pant Machinery Suppliers
List of Figures
Figure 1: Global: Acetone Market: Major Drivers and Challenges
Figure 2: Global: Acetone Market: Value Trends (in Million US$), 2017-2022
Figure 3: Global: Acetone Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 4: Global: Acetone Market: Breakup by Segment (in %), 2022
Figure 5: Global: Acetone Market: Breakup by Region (in %), 2022
Figure 6: Acetone: Price Trends, 2017 & 2022
Figure 7: Acetone: Margins Across Various Stages of the Supply Chain
Figure 8: Acetone: Breakup of Costs
Figure 9: Acetone Price Structure
Figure 10: Acetone: Manufacturing Process Flow
Figure 11: Acetone: Manufacturing Process: Conversion Rate of Raw Materials
Figure 12: Acetone: Raw Material Price Trends, 2017 & 2022
List of Tables
Table 1: Acetone Manufacturing: Raw Material Requirements
Table 2: Acetone Manufacturing: Raw Material Costs
Table 3: Acetone Manufacturing: Electricity Costs
Table 4: Acetone Manufacturing: Steam Costs
Table 5: Acetone Manufacturing: Process Water Costs
Table 6: Acetone Manufacturing: Total Utility Costs
Table 7: Acetone Manufacturing Plant: Costs Related to Salaries and Wages
Table 8: Acetone Manufacturing: Packaging Costs
Table 9: Acetone Manufacturing: Transportation Costs
Table 10: Acetone Manufacturing: Sales and Administration Costs
Table 11: Acetone Manufacturing: Total Operating Costs
Table 12: Acetone Manufacturing: Costs Related to Land and Site Development
Table 13: Acetone Manufacturing: Costs Related to Civil Works
Table 14: Acetone Manufacturing: Costs Related to Plant Machinery
Table 15: Acetone Manufacturing: Costs Related to Auxiliary Equipment
Table 16: Acetone Manufacturing: Costs Related to Electrical works and Piping
Table 17: Acetone Manufacturing: Total Costs Related to Plant Machinery and Commissioning
Table 18: Acetone Manufacturing: Working Capital Requirements
Table 19: Acetone Manufacturing: Total Capital Investment Required
Table 20: Acetone Manufacturing: Total Production Cost
Table 21: Acetone Manufacturing: Raw Material Suppliers
Table 22: Acetone Manufacturing: Machinery Suppliers
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