Acetone

Global Acetone Market to Reach 13.7 Million Tons by 2030

The global market for Acetone estimated at 9.7 Million Tons in the year 2024, is expected to reach 13.7 Million Tons by 2030, growing at a CAGR of 5.8% over the analysis period 2024-2030. Solvents Application, one of the segments analyzed in the report, is expected to record a 5.7% CAGR and reach 4.7 Million Tons by the end of the analysis period. Growth in the Bisphenol-A Application segment is estimated at 6.5% CAGR over the analysis period.

The U.S. Market is Estimated at 2.5 Million Tons While China is Forecast to Grow at 9.0% CAGR

The Acetone market in the U.S. is estimated at 2.5 Million Tons in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of 3.2 Million Tons by the year 2030 trailing a CAGR of 9.0% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.4% and 4.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.

Global Acetone Market - Key Trends and Drivers Summarized

Why Is Acetone So Widely Used?

Acetone, a clear, colorless liquid with a distinct odor, is one of the most versatile solvents in the chemical industry. But what makes acetone so widely used? Its primary role as a solvent in the production of plastics, fibers, drugs, and other chemicals underscores its industrial significance. Acetone is also a key component in nail polish removers, paint thinners, and varnishes, highlighting its everyday utility. In the pharmaceutical industry, acetone is utilized for synthesizing important compounds and as a medium for chemical reactions. Its ability to dissolve many substances makes it indispensable in laboratories and manufacturing processes. The extensive use of acetone in producing methyl methacrylate (MMA) and bisphenol-A (BPA), crucial components for plastics and resins, further cements its role in various industries.

How Are Innovations and Regulations Shaping Acetone’s Future?

Innovations and regulatory changes are continuously reshaping the acetone landscape. How do these factors impact the market? Technological advancements in production processes are enhancing efficiency and reducing environmental impact. The shift towards more sustainable production methods, including the development of bio-based acetone, addresses the growing demand for eco-friendly chemicals. Regulatory standards aimed at reducing volatile organic compound (VOC) emissions are pushing manufacturers to adopt greener practices. Additionally, the integration of digital technologies and automation in acetone production is improving quality control and operational efficiency. These advancements are not only making production processes more sustainable but also strengthening the business case for investing in acetone manufacturing. The evolving regulatory landscape and technological innovations collectively signal a transformative period for the acetone market.

What Emerging Trends and Challenges Are Shaping the Acetone Market?

The acetone market is experiencing a range of emerging trends and challenges. What are these trends and how do they shape the market? The increasing demand for personal care products, particularly in the cosmetics industry, is driving acetone consumption. However, the market faces challenges such as fluctuating raw material prices and regulatory scrutiny over its use as a precursor for illicit substances. The rise in environmental awareness is propelling the shift towards sustainable and bio-based acetone production, creating both opportunities and challenges for manufacturers. Additionally, the growth of the automotive and construction industries is spurring demand for acetone-derived products like MMA and BPA. The dynamic interplay of these trends and challenges is shaping the future trajectory of the acetone market, necessitating adaptability and innovation from industry players.

Why Is the Acetone Market on a Growth Trajectory?

The growth in the acetone market is driven by several factors, creating a promising outlook for the future. The expanding pharmaceutical industry, with its increasing demand for solvents and chemical intermediates, significantly boosts acetone consumption. The personal care sector`s growth, particularly in nail care and cosmetics, also propels market expansion. Furthermore, the rising demand for MMA and BPA in the automotive and construction industries underscores the critical role of acetone in producing these essential materials. Technological advancements in production processes enhance efficiency and cost-effectiveness, encouraging broader adoption. The shift towards bio-based and sustainable chemicals is generating new opportunities, aligning with the global trend towards environmental sustainability. Additionally, strategic investments and collaborations in the chemical industry are further strengthening the market`s position. Collectively, these factors highlight the robust growth trajectory of the acetone market, emphasizing its vital role across diverse industrial and consumer applications.

SCOPE OF STUDY:

The report analyzes the Acetone market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Application (Solvents, Bisphenol-A, Methyl Methacrylate, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 44 Featured) -

• Altivia
• BASF SE
• Borealis AG
• Compania Espanola de Petroleos SA
• Dow, Inc.
• DuPont de Nemours, Inc.
• Formosa Chemicals & Fibre Corporation
• Green Biologics Ltd.
• Honeywell International, Inc.
• INEOS Phenol
• Kumho P&B Chemicals, Inc.
• LCY Chemical Corp.
• LG Chem Ltd.
• Mitsui Chemicals, Inc.
• Prasol Chemicals Pvt. Ltd.
• PTT Phenol Company Limited
• Reliance Industries Limited
• Royal Dutch Shell plc
• SINOPEC Beijing Yanshan Company

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.