Acetone Market Size, Share, and Outlook, 2025 Report- By Application (Solvents, Methyl Methacrylate, Bisphenol A, Others), By Grade (Technical Grade, Specialty Grade), 2018-2032

Acetone Market Outlook

Acetone Market Size is forecast to reach $14.5 Billion in 2032 from $8.8 Billion in 2025, at an optimistic growth rate of 7.4% from 2025 to 2032. The robust Acetone Market growth presents potential growth opportunities for companies across the industry value chain.

The comprehensive market research report presents 12-year historic and forecast data on Acetone Market segments across 22 countries from 2021 to 2032. Key segments in the report include By Application (Solvents, Methyl Methacrylate, Bisphenol A, Others), By Grade (Technical Grade, Specialty Grade). Over 70 tables and charts showcase findings from our latest survey report on Acetone Markets.

Acetone Market Insights, 2025: Key Drivers and Opportunities in the Acetone Market

The expanding demand for acetone in the production of polycarbonate (PC) and acrylic resins is a major driver of market growth. Acetone serves as a crucial raw material in the synthesis of bisphenol A (BPA), which is further used in polycarbonate plastics for automotive components, electronic devices, and construction materials. With increasing adoption of lightweight and impact-resistant plastics in sectors such as automotive, aerospace, and consumer electronics, companies like Covestro, SABIC, and Mitsubishi Chemical are ramping up polycarbonate production, directly driving acetone demand. Additionally, the growing preference for methyl methacrylate (MMA) in high-performance coatings, adhesives, and medical applications is further boosting acetone consumption. MMA, a key derivative of acetone, is widely used in dental prosthetics, protective coatings, and signage materials, creating lucrative opportunities for market players.

The pharmaceutical and personal care industries are emerging as strong growth drivers for acetone. Acetone is widely used as a solvent in pharmaceutical formulations, particularly in drug manufacturing and synthesis of active pharmaceutical ingredients (APIs). With the rise in chronic diseases and increased global pharmaceutical production, major manufacturers like BASF, LyondellBasell, and INEOS Phenol are expanding their acetone-based solvent production capabilities. In personal care, acetone plays a vital role in nail polish removers, skin cleansers, and chemical peels. The booming cosmetics and skincare market, driven by growing consumer awareness and increased spending on beauty products, is fueling demand for acetone-based formulations. Sustainable and bio-based acetone alternatives are also gaining attention, with companies exploring green production methods to cater to the rising preference for eco-friendly personal care solutions.

The shift toward bio-based and sustainable acetone production presents a significant opportunity in the market. Traditional acetone production, primarily derived from the cumene process, has a high environmental footprint. As regulatory bodies such as the EPA and EU REACH tighten restrictions on petrochemical-based solvents, companies are investing in bio-acetone production from fermentation and biomass sources. Green Biologics and Celtic Renewables are pioneering bio-based acetone production, offering sustainable alternatives for pharmaceutical, industrial, and specialty applications. Additionally, the increasing use of acetone in lithium-ion battery electrolytes is creating new avenues for growth, particularly in the electric vehicle (EV) sector. As EV production surges, acetone-derived solvents are gaining traction for their ability to enhance battery performance and longevity. With advancements in sustainable production and expanding industrial applications, the acetone market is poised for robust growth across multiple end-use industries.

Five Trends that will define global Acetone Market in 2025 and Beyond

A closer look at the multi-million global market for Acetone Market identifies rapidly shifting consumer preferences across categories. By focusing on growth and resilience, leading Acetone Companies are prioritizing their investments across categories, markets, and geographies. The report analyses the most important market trends shaping the new landscape to support better decisions for the long and short-term future.

What are the biggest opportunities for growth in the Acetone Industry?

The Acetone Market sector demonstrated remarkable resilience over the past year across developed and developing economies. Further, the market presents significant opportunities to leverage the existing momentum towards actions by 2032. On the other hand, recent macroeconomic developments including rising inflation and supply chain disruptions are putting pressure on companies. The chapter assists users to identify growth avenues and address business challenges to make informed commercial decisions with unique insights, data forecasts, and in-depth market analyses.

Acetone Market Segment Insights

The Acetone Industry presents strong offers across categories. The analytical report offers forecasts of Acetone Industry performance across segments and countries. Key segments in the industry include- By Application (Solvents, Methyl Methacrylate, Bisphenol A, Others), By Grade (Technical Grade, Specialty Grade). The largest types, applications, and sales channels, fastest growing segments, and the key factors driving each of the categories are included in the report.

Forecasts of each segment across five regions are provided from 2021 through 2032 for Asia Pacific, North America, Europe, South America, Middle East, and African regions. In addition, Acetone Market size outlook is provided for 22 countries across these regions.

Acetone Industry Value Chain

The chapter identifies potential companies and their operations across the global Acetone Industry ecosystem. It assists decision-makers in evaluating global Acetone Market fundamentals, market dynamics, and disruptive trends across the value chain segments.

Scenario Analysis and Forecasts

Strategic decision-making in the Acetone Industry is multi-faceted with the increased need for planning across scenarios. The report provides forecasts across three case scenarios- low growth, reference case, and high growth cases.

Asia Pacific Acetone Market Analysis- A Promising Growth Arena for Business Expansion

As companies increasingly expand across promising Asia Pacific markets with a combined population of over 4.5 billion, the medium-to-long-term future remains robust. The presence of the fastest-growing economies such as China, India, Thailand, Indonesia, and Vietnam coupled with strengthening middle-class populations and rising disposable incomes drive the market. In particular, China and India are witnessing rapid shifts in consumer purchasing behavior. China is recovering steadily with optimistic forecasts for 2025. Further, Japanese and South Korean markets remain stable with most companies focusing on new product launches and diversification of sales channels.

The State of Europe Acetone Industry 2025- Focus on Accelerating Competitiveness

As companies opt for an integrated agenda for competitiveness, the year 2025 presents optimistic scenarios for companies across the ecosystem. With signs of economic recovery across markets, companies are increasing their investments. Europe is one of the largest markets for Acetone Market with demand from both Western Europe and Eastern European regions increasing over the medium to long-term future. Increasing omnichannel shopping amidst robust consumer demand for value purchases shapes the market outlook. The report analyses the key Acetone Market drivers and opportunities across Germany, France, the United Kingdom, Spain, Italy, Russia, and other Europe.

The US Acetone Market Insights- Executives are most excited about opportunities for the US Acetone Industry.

Easing inflation coupled with strengthening consumer sentiment is encouraging aggressive actions from the US Acetone Companies. Market players consistently focusing on innovation and pursuing new ways to create value are set to excel in 2025. In addition, the Canadian and Mexican markets offer lucrative growth pockets for manufacturers and vendors. Focus on private-brand offerings and promotions, diversified sales channels, expansion into niche segments, adoption of advanced technologies, and sustainability are widely observed across the North American Acetone Market.

Latin American Acetone Market outlook rebounds in line with economic growth.

Underlying demand remains higher among urban consumers with an optimistic economic outlook across Brazil, Argentina, Chile, and other South and Central American countries. Increased consumer spending has been reported since H2-2024 and the prospects remain strong for 2025. Aggressive ecosystem moves to create new sources of income are widely observed across markets in the region. Marketing activities focused on customer insights, operations, and support functions are quickly gaining business growth in the region.

Middle East and Africa Acetone Markets- New Opportunities for Companies Harnessing Diversity

Rapid growth in burgeoning urban locations coupled with a young and fast-growing population base is attracting new investments in the Middle East and African Acetone Markets. Designing expansion and marketing strategies to cater to the local consumer base supports the market prospects. In addition to Nigeria, Algeria, South Africa, and other markets, steady growth markets in Ethiopia, Rwanda, Ghana, Tanzania, the Democratic Republic of Congo, and others present significant prospects for companies. On the other hand, Middle Eastern Acetone Markets including the UAE, Saudi Arabia, Qatar, and Oman continue to offer lucrative pockets of growth.

Competitive Landscape- How Acetone Companies outcompete in 2025 and Beyond?

The ability to respond quickly to evolving consumer preferences and adapt businesses to niche consumer segments remains a key growth factor. The report identifies the leading companies in the industry and provides their revenue for 2024. The market shares of each company are also included in the report. Further, business profiles, SWOT analysis, and financial analysis of each company are provided in detail. Key companies analyzed in the report include INEOS, Shell Plc, Honeywell International Inc, Mitsui Chemicals Inc., CEPSA Quimica S.A., SABIC, Arkema, Solvay, DOMO Chemicals, Kumho P&B Chemicals.

Acetone Market Scope and Segmentation

By Application

Solvents

Methyl Methacrylate

Bisphenol A

Others

By Grade

Technical Grade

Specialty Grade

Countries Included-

North America- US, Canada, Mexico

Europe- Germany, France, UK, Spain, Italy, Benelux, Turkey, Russia, Rest of Europe

Asia Pacific- China, India, Japan, South Korea, South East Asia, Australia, Rest of APAC

South and Central America- Brazil, Argentina, Chile, Rest of SCA

Middle East and Africa- Saudi Arabia, the UAE, Israel, South Africa, Algeria, Nigeria, Rest of Middle East, Rest of Africa

Companies Included in the Acetone Market Research-

INEOS

Shell Plc

Honeywell International Inc

Mitsui Chemicals Inc.

CEPSA Quimica S.A.

SABIC

Arkema

Solvay

DOMO Chemicals

Kumho P&B Chemicals

Reasons to Buy the report

• Make informed decisions through long and short-term forecasts across 22 countries and segments.
• Evaluate market fundamentals, dynamics, and disrupting trends set to shape 2025 and beyond.
• Gain a clear understanding of the competitive landscape, with product portfolio and growth strategies.
• Get an integrated understanding of the entire market ecosystem and companies.
• Stay ahead of the competition through plans for growth in a changing environment for your geographic expansion.
• Assess the impact of advanced technologies and identify growth opportunities based on actionable data and insights.
• Get free Excel spreadsheet and PPT versions along with the report PDF.