Bulgaria, August 21,2019- According to a recently published report about the African acetone market, it was equal to 74 thousand tons in 2013. The largest country market within the region was South Africa, which in 2013 accounted for a share of 95% of the total in volume terms. Until 2023, the African market is forecast to reach 78 thousand tons, thus growing at a CAGR of about 0.2% per annum in the period 2018-2023. This is a slight slowdown, compared to the growth at a CAGR of around 1.0% per year, registered in 2013-2017.
The analytical research projects that the African production of acetone is likely to grow to around 160 thousand 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 remain relatively unbalanced in terms of supply and demand, also showing moderately flat dynamics in the medium term.
As an overall, the report presents a strategic analysis of the acetone market in Africa 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:
• Sasol.
