"The Global Acetone Market was valued at USD 7.06 billion in 2025 and is projected to reach USD 13.89 billion by 2034, growing at a CAGR of 7.81%."
The acetone market is a key segment of the global petrochemical industry, driven by its wide application as an industrial solvent and as an intermediate in the production of chemicals. Acetone, a colorless and volatile liquid with high solvency power, is primarily produced through the cumene process and is extensively used in manufacturing methyl methacrylate (MMA), bisphenol A (BPA), and a variety of resins, coatings, and adhesives. It plays a critical role in pharmaceuticals for drug formulation and as a solvent in laboratory processes. The cosmetics and personal care industry also utilizes acetone in products like nail polish removers and skin cleaners. Demand is supported by growth in automotive, construction, electronics, and consumer goods sectors, all of which rely on acetone-derived materials for high-performance applications.
Asia-Pacific dominates the global acetone market, with China, South Korea, and India being major producers and consumers due to strong manufacturing bases in chemicals, plastics, and electronics. North America and Europe also hold significant market shares, driven by established downstream industries and technological advancements in acetone production. Market growth is influenced by the expansion of the MMA and BPA sectors, increasing demand for solvents in paints and coatings, and rising pharmaceutical manufacturing. However, volatility in crude oil and propylene prices, environmental regulations, and competition from bio-based solvents present challenges. Innovations in sustainable production methods and bio-acetone are emerging trends that may reshape the market landscape. Overall, the acetone market is positioned for steady growth, supported by its versatility and essential role in multiple industrial processes.
Report Scope
| Parameter | Detail |
|---|---|
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2026-2034 |
| Market Size-Units | USD billion/Million |
| Market Splits Covered | By Grade ,By Distribution Channel ,By Application ,By End-User |
| Countries Covered | North America (USA, Canada, Mexico) Europe (Germany, UK, France, Spain, Italy, Rest of Europe) Asia-Pacific (China, India, Japan, Australia, Rest of APAC) The Middle East and Africa (Middle East, Africa) South and Central America (Brazil, Argentina, Rest of SCA) |
| Analysis Covered | Latest Trends, Driving Factors, Challenges, Supply-Chain Analysis, Competitive Landscape, Company Strategies |
| Customization | 10% free customization(up to 10 analyst hours) to modify segments, geographies, and companies analyzed |
| Post-Sale Support | 4 analyst hours, available up to 4 weeks |
| Delivery Format | The Latest Updated PDF and Excel Datafile |
Regional Insights
North America Acetone Market
The North American acetone market is supported by its strong integration with the regional petrochemical industry and robust demand from downstream sectors such as solvents, plastics, and pharmaceuticals. Major applications include methyl methacrylate (MMA) production, bisphenol-A (BPA) for polycarbonate manufacturing, and solvent uses in paints, coatings, and adhesives. The region benefits from cost-competitive feedstock availability through propylene production. Opportunities lie in expanding specialty-grade acetone for electronics and healthcare, investing in recycling and recovery technologies, and strengthening supply resilience to reduce exposure to global price fluctuations.
Asia Pacific Acetone Market
Asia Pacific is the largest and fastest-growing acetone market, driven by high consumption in China, India, Japan, and South Korea. Strong demand from construction, automotive, electronics, and packaging sectors supports significant volumes for MMA, BPA, and solvent applications. The region’s large manufacturing base and growing pharmaceutical industry create opportunities for high-purity and specialty acetone production. Capacity expansions and feedstock integration with refining and petrochemical complexes enhance cost efficiency. Growth prospects are strong in advanced manufacturing and consumer goods, particularly where acetone-based materials support lightweight, durable, and transparent product applications.
Europe Acetone Market
Europe’s acetone market is mature, with demand concentrated in specialty chemicals, coatings, adhesives, and plastics manufacturing. Regulatory emphasis on environmental compliance and worker safety influences both production processes and product development. The region is seeing steady growth in bio-based acetone as part of the shift toward sustainable chemical production. Opportunities exist in producing high-purity grades for pharmaceuticals, cosmetics, and electronics, as well as expanding circular economy initiatives for solvent recovery and reuse. Integration with renewable feedstocks is also an emerging strategic direction.
Key Market Insights
- The production of methyl methacrylate (MMA) and bisphenol A (BPA) is the largest driver of acetone demand, supporting applications in plastics, coatings, and composites.
- Asia-Pacific leads global production and consumption, backed by strong industrial growth and chemical manufacturing capacity.
- Acetone serves as a key solvent in paints, coatings, adhesives, and printing inks, benefiting construction, automotive, and packaging sectors.
- The pharmaceutical industry uses acetone in drug synthesis, formulation, and purification processes.
- North America and Europe maintain stable demand, with strong regulatory oversight and advanced production technologies.
- The cosmetics and personal care sector uses acetone in nail polish removers, skin cleansers, and other formulations requiring rapid evaporation.
- Price volatility in crude oil and propylene feedstocks can significantly affect acetone production costs and market pricing.
- Environmental concerns and stricter regulations are driving research into bio-based and low-VOC solvent alternatives.
- Technological advancements in production efficiency and recovery systems are enhancing acetone’s cost competitiveness.
- Rising demand from electronics manufacturing, particularly for cleaning and degreasing, is expanding acetone’s industrial applications.
Acetone Market Segments Covered In The Report
By Grade
- Specialty Grade Acetone
- Technical Grade Acetone
By Distribution Channel
- Manufacturer to Distributor
- Manufacturer to End-User
By Application
- Bisphenol A
- Methyl Methacrylate (MMA)
- Solvents
- Methyl Isobutyl Ketone
- Other Applications,
By End-User
- Paints
- Coatings
- and Adhesives
- Electronics
- Cosmetics and Personal Care
- Pharmaceutical
- Other End-user
By Geography
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Vietnam, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Key Companies Covered
INEOS Phenol GmbH, Royal Dutch Shell plc, Honeywell International Inc., Prasol Chemicals Limited, Mitsui Chemicals Inc., Kumho P&B Chemicals Inc., Saudi Basic Industries Corporation., LyondellBasell Industries Holdings B.V., ALTIVIA Chemicals LLC, Domo Chemicals GmbH, Formosa Chemicals & Fibre Corp, Borealis AG, Reliance Industries Limited, CEPSA Quimica S.A, Arkema S.A., Celanese Corporation, The Dow Chemical Company, LG Chem Ltd., Deepak Nitrite Limited, PTT Global Chemical Public Company Limited, China National Petroleum Corporation, Jubilant Life Sciences Ltd., Dairen Chemical Corporation, Chevron Phillips Chemical Company LLC, Versalis S.p.A., Daicel Corporation, JX Nippon Oil & Energy Corporation, PetroChina Company Limited, Lihuayi Group Co. Ltd., SunVic Chemical Holdings Limited, A.B. Enterprises, Wuhan Youji Industries Co. Ltd., Tangshan Lory Industry Co. Ltd., Aadi Industries Ltd., Qenos Pty Ltd., Rain Carbon Inc. .Recent Industry Developments
- June 2025: Dow and LanzaTech formed a joint venture to produce bio-based acetone using carbon capture and fermentation, targeting commercial-scale production by 2026.
- February 2025: Shell Chemicals commissioned a 150 ktpa acetone production unit at its Singapore complex, aimed at bolstering regional supply for high-purity solvent applications.
- April 2025: INEOS increased acetone output capacity by 20% at its Rafnes plant in Norway to meet growing European demand from coatings and adhesives manufacturers.
- March 2025: India’s Haldia Petrochemicals announced a INR 5,000 crore investment to build the country's largest phenol-acetone facility in West Bengal, with an annual acetone capacity of 185,000 tonnes.
- Late 2024 / Early 2025: Haldia Petrochemicals also partnered with Lummus Technology to expand its upcoming phenol-acetone facility, raising phenol capacity from 300 ktpa to 345 ktpa, strengthening overall acetone output potential.
- April 2025: Poland’s Orlen confirmed it will decommission its phenol and acetone production plant in Płock by year-end, citing prohibitive upgrade costs and regulatory pressures.
Who can benefit from this research
The research would help top management/strategy formulators/business/product development/sales managers and investors in this market in the following ways1. The report provides 2024 Acetone market sales data at the global, regional, and key country levels with a detailed outlook to 2034, allowing companies to calculate their market share and analyze prospects, uncover new markets, and plan market entry strategy.
2. The research includes the Acetone market split into different types and applications. This segmentation helps managers plan their products and budgets based on the future growth rates of each segment
3. The Acetone market study helps stakeholders understand the breadth and stance of the market giving them information on key drivers, restraints, challenges, and growth opportunities of the market and mitigating risks
4. This report would help top management understand competition better with a detailed SWOT analysis and key strategies of their competitors, and plan their position in the business
5. The study assists investors in analyzing Acetone business prospects by region, key countries, and top companies' information to channel their investments.
1.1 List of Tables
1.2 List of Figures
2. Acetone Market Latest Trends, Drivers and Challenges, 2024 - 2034
2.1 Acetone Market Overview
2.2 Market Strategies of Leading Acetone Companies
2.3 Acetone Market Insights, 2024 - 2034
2.3.1 Leading Acetone Types, 2024 - 2034
2.3.2 Leading Acetone End-User industries, 2024 - 2034
2.3.3 Fast-Growing countries for Acetone sales, 2024 - 2034
2.4 Acetone Market Drivers and Restraints
2.4.1 Acetone Demand Drivers to 2034
2.4.2 Acetone Challenges to 2034
2.5 Acetone Market- Five Forces Analysis
2.5.1 Acetone Industry Attractiveness Index, 2024
2.5.2 Threat of New Entrants
2.5.3 Bargaining Power of Suppliers
2.5.4 Bargaining Power of Buyers
2.5.5 Intensity of Competitive Rivalry
2.5.6 Threat of Substitutes
3. Global Acetone Market Value, Market Share, and Forecast to 2034
3.1 Global Acetone Market Overview, 2024
3.2 Global Acetone Market Revenue and Forecast, 2024 - 2034 (US$ billion)
3.3 Global Acetone Market Size and Share Outlook By Grade, 2024 - 2034
3.4 Global Acetone Market Size and Share Outlook By Distribution Channel, 2024 - 2034
3.5 Global Acetone Market Size and Share Outlook By Application, 2024 – 2034
3.6 Global Acetone Market Size and Share Outlook By End-User, 2024 - 2034
3.7 Global Acetone Market Size and Share Outlook by Region, 2024 - 2034
4. Asia Pacific Acetone Market Value, Market Share and Forecast to 2034
4.1 Asia Pacific Acetone Market Overview, 2024
4.2 Asia Pacific Acetone Market Revenue and Forecast, 2024 - 2034 (US$ billion)
4.3 Asia Pacific Acetone Market Size and Share Outlook By Grade, 2024 - 2034
4.4 Asia Pacific Acetone Market Size and Share Outlook By Distribution Channel, 2024 - 2034
4.5 Asia Pacific Acetone Market Size and Share Outlook By Application, 2024 – 2034
4.6 Asia Pacific Acetone Market Size and Share Outlook By End-User, 2024 - 2034
4.7 Asia Pacific Acetone Market Size and Share Outlook by Country, 2024 - 2034
5. Europe Acetone Market Value, Market Share, and Forecast to 2034
5.1 Europe Acetone Market Overview, 2024
5.2 Europe Acetone Market Revenue and Forecast, 2024 - 2034 (US$ billion)
5.3 Europe Acetone Market Size and Share Outlook By Grade, 2024 - 2034
5.4 Europe Acetone Market Size and Share Outlook By Distribution Channel, 2024 - 2034
5.5 Europe Acetone Market Size and Share Outlook By Application, 2024 – 2034
5.6 Europe Acetone Market Size and Share Outlook By End-User, 2024 - 2034
5.7 Europe Acetone Market Size and Share Outlook by Country, 2024 - 2034
6. North America Acetone Market Value, Market Share and Forecast to 2034
6.1 North America Acetone Market Overview, 2024
6.2 North America Acetone Market Revenue and Forecast, 2024 - 2034 (US$ billion)
6.3 North America Acetone Market Size and Share Outlook By Grade, 2024 - 2034
6.4 North America Acetone Market Size and Share Outlook By Distribution Channel, 2024 - 2034
6.5 North America Acetone Market Size and Share Outlook By Application, 2024 – 2034
6.6 North America Acetone Market Size and Share Outlook By End-User, 2024 - 2034
6.7 North America Acetone Market Size and Share Outlook by Country, 2024 - 2034
7. South and Central America Acetone Market Value, Market Share and Forecast to 2034
7.1 South and Central America Acetone Market Overview, 2024
7.2 South and Central America Acetone Market Revenue and Forecast, 2024 - 2034 (US$ billion)
7.3 South and Central America Acetone Market Size and Share Outlook By Grade, 2024 - 2034
7.4 South and Central America Acetone Market Size and Share Outlook By Distribution Channel, 2024 - 2034
7.5 South and Central America Acetone Market Size and Share Outlook By Application, 2024 – 2034
7.6 South and Central America Acetone Market Size and Share Outlook By End-User, 2024 - 2034
7.7 South and Central America Acetone Market Size and Share Outlook by Country, 2024 - 2034
8. Middle East Africa Acetone Market Value, Market Share and Forecast to 2034
8.1 Middle East Africa Acetone Market Overview, 2024
8.2 Middle East and Africa Acetone Market Revenue and Forecast, 2024 - 2034 (US$ billion)
8.3 Middle East Africa Acetone Market Size and Share Outlook By Grade, 2024 - 2034
8.4 Middle East Africa Acetone Market Size and Share Outlook By Distribution Channel, 2024 - 2034
8.5 Middle East Africa Acetone Market Size and Share Outlook By Application, 2024 – 2034
8.6 Middle East Africa Acetone Market Size and Share Outlook By End-User, 2024 - 2034
8.7 Middle East Africa Acetone Market Size and Share Outlook by Country, 2024 - 2034
9. Acetone Market Structure
9.1 Key Players
9.2 Acetone Companies - Key Strategies and Financial Analysis
9.2.1 Snapshot
9.2.3 Business Description
9.2.4 Products and Services
9.2.5 Financial Analysis
10. Acetone Industry Recent Developments
11 Appendix
11.1 Publisher Expertise
11.2 Research Methodology
11.3 Annual Subscription Plans
11.4 Contact Information
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FAQ's
The Global Acetone Market is estimated to generate USD 7.06 billion in revenue in 2025.
The Global Acetone Market is expected to grow at a Compound Annual Growth Rate (CAGR) of 7.81% during the forecast period from 2025 to 2034.
The Acetone Market is estimated to reach USD 13.89 billion by 2034.
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