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Global acetone market is projected to reach USD 9.67 billion by 2033, at a CAGR of 6.80% from 2024 to 2033. Global acetone market is witnessing a considerable growth owing to increasing end-use application of acetone in the various industries.
Acetone, also known as propanone, is a colourless solvent used widely in manufacturing of plastics and other industrial products. It is an organic chemical which contains oxygen, hydrogen, and carbon atoms. Acetone is produced in nature by forest fires, trees and plants, and volcano eruptions, and also in the human body as a natural byproduct of metabolism. It is a volatile and flammable liquid, which can break down super glue and leaves the alcohols denatured. There are various uses of acetone across multiple industries. Industries such as electronics, automotive, personal care & household, and in the pharmaceutical industry. Acetone also use in household products, including cosmetics and personal care products, and its most frequent application is in the formulation of nail polish removers. Acetone is also found in varnishes, paints, and lacquers, and used as a solvent for cements in the rubber leather industries. Furthermore, the acetone is also widely being used in the pharmaceutical industry, as a solvent in the APIs and other medicines. Common drugs and tablets use acetone to deliver the correct amount of dosage. In addition to this, it can also use in the textile industry to remove oil, gum, and other elements from raw materials. Moreover, acetone is also used as a degreaser in the metal industries. It can also be used in the welding processes, to remove the rosin flux.
Acetone can polymerize rapidly under the influence of light, air, and on contact with a catalyst, strong oxidizers and metals such as aluminium and copper. In addition to this, acetone can form peroxides, which exhibits high explosion threats. It can also dissolve plastic glasses, frames, pens and pencils, rayon stockings and other rayon garments.
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Acetone majorly used in the production of Bisphenol A (BPA) and methyl methacrylate (MMA). BPA is used to manufacture polycarbonate and epoxy resins, which are used in different industries and in countless items which are used on a daily basis. The use of acetone as an intermediate feedstock for BPA accounts for two-thirds of total acetone use. Thus, the strong demand for BisphenolA (BPA) is fueling the growth of the market. Methyl methacrylate can be produced from the acetone, and the increasing demand for it, driving the growth of the market. It is commonly used in consumer electronics such as DVDs, smart phones and laptop displays, and other technologies. Furthermore, the demand is rising majorly from the pharmaceutical and automobile sector, to drive the demand for acetone market.
Acetone use has been increased in household products, including cosmetics and personal care products, where it’s most frequent application is in the formulation of nail polish removers. Other cosmetic products, such as skin creams and makeup, contain acetone as a solvent to deliver different chemicals. It is also a key ingredient in chemical skin peels to combat acne in the skincare products.
Acetone has various side effects such as it irritate the nose and throat. If it is used at high concentrations, it can also harm the nervous system. Symptoms may include nausea, dizziness, drowsiness, headache, and confusion. Furthermore, exposure to acetone can harm or irritate eyes that can cause moderate to severe irritation if exposed. Therefore, various side effects of acetone could hamper the market growth over the forecast period.
Increasing plastic industry in the Asia Pacific region is anticipated to offer lucrative opportunities over the forecast period. In addition to this, increasing small and medium players along with the rising demand from the construction industry, further providing the potential opportunities. Furthermore, the need for acetone is growing in the Latin America region, owing to improving political conditions and rising demand from the automotive sector across the region.
Certain federal agencies such as the National Fire Protection Association (NFPA) and Safety and Health Administration (OSHA) have established reporting requirements for the use of acetone. This may deter companies from using acetone due to the legal requirements surrounding it. In addition to this, BPA has been identified as a substance that effects on brain development and can be particularly damaging to fetuses, babies and young children. Several countries also have legislation designed to either restrict or prohibit the use of BPA including U.S., European countries, Australia, Brazil, Canada, China, Costa Rica, Ecuador, Japan, Malaysia, South Africa, South Korea, Taiwan, and Turkey.
The global acetone market has been segmented based on grade type, application, end-user and regions.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. The Asia Pacific region emerged as the largest market for the acetone market with market share of 39.33% in 2023 .
The Asia Pacific Acetone Market Share in 2023 - 39.33%
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The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances and partnerships to improve their market position in the global acetone industry.
In July 2019, INEOS announced the plan to build a world scale Cumene unit at Marl, Germany for the production of phenol and acetone. The new 750,000-tonne plant will support future customer demand and improve the security of supply for INEOS plants in Gladbeck and Antwerp.
In August 2019, Altivia announced the acquisition of Dow’s Acetone Derivatives Business and associated chemical manufacturing assets. This acquisition is anticipated to provide downstream expansion for ALTIVIA’s acetone production capacity and access to global markets, for acetone derivatives.
As per The Brainy Insights, the size of the acetone market was valued at USD 5.01 billion in 2023 and is anticipated to reach USD 9.67 billion by 2033.
Global acetone market is growing at a CAGR of 6.80% during the forecast period 2024-2033.
The global acetone market has been segmented based on grade type, application, end-user and regions. The technical grade segment accounted for the major market share in 2023.
The Asia Pacific region emerged as the largest market for the acetone.
Rising demand from downstream application such as Bisphenol a (BPA) and methyl methacrylate is the key driving factor for the acetone market. Also, growing usage of acetone in personal care & household products, driving the demand for acetone market.
Side effects of acetone may hamper the market growth.
Growing demand from Asia Pacific and Latin America region will provide huge opportunities to the market.
Key players are INEOS, Royal Dutch Shell plc, Cepsa, Mitsui Chemicals, Inc., Altivia, LCY GROUP, Formosa Chemicals & Fiber Corporation
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Grade Type
4.3.2. Market Attractiveness Analysis By Application
4.3.3. Market Attractiveness Analysis By End User
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Rising demand from downstream application such as Bisphenol A (BPA) and methyl methacrylate
5.2.2. Growing usage of acetone in personal care & household products
5.3. Restrains
5.3.1. Side effects of acetone could retrain the market growth
5.4. Opportunities
5.4.1. Growing demand from Asia Pacific and Latin America region
5.5. Challenges
5.5.1. Stringent government regulations on the use of BPA may hamper the growth of market
6. Global Acetone Market Analysis and Forecast, By Grade Type
6.1. Segment Overview
6.2. Specialty Grade
6.3. Technical Grade
7. Global Acetone Market Analysis and Forecast, By Application
7.1. Segment Overview
7.2. Methyl Methacrylate (MMA)
7.3. Bisphenol A (BPA)
7.4. Solvents
7.5. Others
8. Global Acetone Market Analysis and Forecast, By End User
8.1. Segment Overview
8.2. Cosmetics and Personal Care
8.3. Electronics
8.4. Construction
8.5. Automotive
8.6. Pharmaceutical
8.7. Agricultural Chemicals
8.8. Paints, Coatings, and Adhesives
8.9. Others
9. Global Acetone Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Acetone Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in the Acetone Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. INEOS
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Product Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Royal Dutch Shell plc
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Product Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Cepsa
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Product Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Mitsui Chemicals, Inc.
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Product Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Altivia
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Product Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. LCY GROUP
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Product Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Formosa Chemicals & Fiber Corporation
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Product Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Prasol Chemicals Pvt. Ltd.
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Product Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. EMCO Limited
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Product Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. BASF SE
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Product Portfolio
11.10.5. Recent Developments
11.11. Reliance Industries Limited
11.11.1. Business Overview
11.11.2. Company Snapshot
11.11.3. Company Market Share Analysis
11.11.4. Company Product Portfolio
11.11.5. Recent Developments
11.12. KUMHO P&B CHEMICALS., INC.
11.12.1. Business Overview
11.12.2. Company Snapshot
11.12.3. Company Market Share Analysis
11.12.4. Company Product Portfolio
11.12.5. Recent Developments
11.12.6. SWOT Analysis
List of Table
1. Global Acetone Market, By Grade Type, 2020–2033 (USD Billion)(Kilotons)
2. Global Specialty Grade Acetone Market, By Region, 2020–2033 (USD Billion)(Kilotons)
3. Global Technical Grade Acetone Market, By Region, 2020–2033 (USD Billion)(Kilotons)
4. Global Acetone Market, By Application, 2020–2033 (USD Billion)(Kilotons)
5. Global Methyl Methacrylate (MMA), Acetone Market, By Region, 2020–2033 (USD Billion)(Kilotons)
6. Global Bisphenol A (BPA), Acetone Market, By Region, 2020–2033 (USD Billion)(Kilotons)
7. Global Solvents, Acetone Market, By Region, 2020–2033 (USD Billion)(Kilotons)
8. Global Others, Acetone Market, By Region, 2020–2033 (USD Billion)(Kilotons)
9. Global Acetone Market, By End User, 2020–2033 (USD Billion)(Kilotons)
10. Global Cosmetics and Personal Care Acetone Market, By Region, 2020–2033 (USD Billion)(Kilotons)
11. Global Electronics Acetone Market, By Region, 2020–2033 (USD Billion)(Kilotons)
12. Global Construction Acetone Market, By Region, 2020–2033 (USD Billion)(Kilotons)
13. Global Automotive Acetone Market, By Region, 2020–2033 (USD Billion)(Kilotons)
14. Global Pharmaceutical Acetone Market, By Region, 2020–2033 (USD Billion)(Kilotons)
15. Global Agricultural Chemicals Acetone Market, By Region, 2020–2033 (USD Billion)(Kilotons)
16. Global Paints, Coatings, and Adhesives Acetone Market, By Region, 2020–2033 (USD Billion)(Kilotons)
17. Global Others Acetone Market, By Region, 2020–2033 (USD Billion)(Kilotons)
18. Global Acetone Market, By Region, 2020–2033 (USD Billion)(Kilotons)
19. Global Acetone Market, By North America, 2020–2033 (USD Billion)(Kilotons)
20. North America Acetone Market, By Grade Type, 2020–2033 (USD Billion)(Kilotons)
21. North America Acetone Market, By Application, 2020–2033 (USD Billion)(Kilotons)
22. North America Acetone Market, By End User, 2020–2033 (USD Billion)(Kilotons)
23. U.S. Acetone Market, By Grade Type, 2020–2033 (USD Billion)(Kilotons)
24. U.S. Acetone Market, By Application, 2020–2033 (USD Billion)(Kilotons)
25. U.S. Acetone Market, By End User, 2020–2033 (USD Billion)(Kilotons)
26. Canada Acetone Market, By Grade Type, 2020–2033 (USD Billion)(Kilotons)
27. Canada Acetone Market, By Application, 2020–2033 (USD Billion)(Kilotons)
28. Canada Acetone Market, By End User, 2020–2033 (USD Billion)(Kilotons)
29. Mexico Acetone Market, By Grade Type, 2020–2033 (USD Billion)(Kilotons)
30. Mexico Acetone Market, By Application, 2020–2033 (USD Billion)(Kilotons)
31. Mexico Acetone Market, By End User, 2020–2033 (USD Billion)(Kilotons)
32. Europe Acetone Market, By Grade Type, 2020–2033 (USD Billion)(Kilotons)
33. Europe Acetone Market, By Application, 2020–2033 (USD Billion)(Kilotons)
34. Europe Acetone Market, By End User, 2020–2033 (USD Billion)(Kilotons)
35. Germany Acetone Market, By Grade Type, 2020–2033 (USD Billion)(Kilotons)
36. Germany Acetone Market, By Application, 2020–2033 (USD Billion)(Kilotons)
37. Germany Acetone Market, By End User, 2020–2033 (USD Billion)(Kilotons)
38. France Acetone Market, By Grade Type, 2020–2033 (USD Billion)(Kilotons)
39. France Acetone Market, By Application, 2020–2033 (USD Billion)(Kilotons)
40. France Acetone Market, By End User, 2020–2033 (USD Billion)(Kilotons)
41. U.K. Acetone Market, By Grade Type, 2020–2033 (USD Billion)(Kilotons)
42. U.K. Acetone Market, By Application, 2020–2033 (USD Billion)(Kilotons)
43. U.K. Acetone Market, By End User, 2020–2033 (USD Billion)(Kilotons)
44. Italy Acetone Market, By Grade Type, 2020–2033 (USD Billion)(Kilotons)
45. Italy Acetone Market, By Application, 2020–2033 (USD Billion)(Kilotons)
46. Italy Acetone Market, By End User, 2016–2026 (USD Million)(Kilotons)
47. Spain Acetone Market, By Grade Type, 2020–2033 (USD Billion)(Kilotons)
48. Spain Acetone Market, By Application, 2020–2033 (USD Billion)(Kilotons)
49. Spain Acetone Market, By End User, 2020–2033 (USD Billion)(Kilotons)
50. Asia Pacific Acetone Market, By Grade Type, 2020–2033 (USD Billion)(Kilotons)
51. Asia Pacific Acetone Market, By Application, 2020–2033 (USD Billion)(Kilotons)
52. Asia Pacific Acetone Market, By End User, 2020–2033 (USD Billion)(Kilotons)
53. Japan Acetone Market, By Grade Type, 2020–2033 (USD Billion)(Kilotons)
54. Japan Acetone Market, By Application, 2020–2033 (USD Billion)(Kilotons)
55. Japan Acetone Market, By End User, 2020–2033 (USD Billion)(Kilotons)
56. China Acetone Market, By Grade Type, 2020–2033 (USD Billion)(Kilotons)
57. China Acetone Market, By Application, 2020–2033 (USD Billion)(Kilotons)
58. China Acetone Market, By End User, 2020–2033 (USD Billion)(Kilotons)
59. India Acetone Market, By Grade Type, 2020–2033 (USD Billion)(Kilotons)
60. India Acetone Market, By Application, 2020–2033 (USD Billion)(Kilotons)
61. India Acetone Market, By End User, 2020–2033 (USD Billion)(Kilotons)
62. South America Acetone Market, By Grade Type, 2020–2033 (USD Billion)(Kilotons)
63. South America Acetone Market, By Application, 2020–2033 (USD Billion)(Kilotons)
64. South America Acetone Market, By End User, 2020–2033 (USD Billion)(Kilotons)
65. Brazil Acetone Market, By Grade Type, 2020–2033 (USD Billion)(Kilotons)
66. Brazil Acetone Market, By Application, 2020–2033 (USD Billion)(Kilotons)
67. Brazil Acetone Market, By End User, 2020–2033 (USD Billion)(Kilotons)
68. Middle East and Africa Acetone Market, By Grade Type, 2020–2033 (USD Billion)(Kilotons)
69. Middle East and Africa Acetone Market, By Application, 2020–2033 (USD Billion)(Kilotons)
70. Middle East and Africa Acetone Market, By End User, 2020–2033 (USD Billion)(Kilotons)
71. UAE Acetone Market, By Grade Type, 2020–2033 (USD Billion)(Kilotons)
72. UAE Acetone Market, By Application, 2020–2033 (USD Billion)(Kilotons)
73. UAE Acetone Market, By End User, 2020–2033 (USD Billion)(Kilotons)
74. South Africa Acetone Market, By Grade Type, 2020–2033 (USD Billion)(Kilotons)
75. South Africa Acetone Market, By Application, 2020–2033 (USD Billion)(Kilotons)
76. South Africa Acetone Market, By End User, 2020–2033 (USD Billion)(Kilotons)
List of Figures
1. Global Acetone Market Segmentation
2. Acetone Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Acetone Market Attractiveness Analysis By Grade Type
9. Global Acetone Market Attractiveness Analysis By Application
10. Global Acetone Market Attractiveness Analysis By End User
11. Global Acetone Market Attractiveness Analysis By Region
12. Global Acetone Market: Dynamics
13. Global Acetone Market Share by Grade Type (2023 & 2033)
14. Global Acetone Market Share by Application (2023 & 2033)
15. Global Acetone Market Share by End User (2023 & 2033)
16. Global Acetone Market Share by Regions (2023 & 2033)
17. Global Acetone Market Share by Company (2023)
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global acetone market on the basis of below mentioned segments:
Global Acetone Market by Grade Type:
Global Acetone Market by Application:
Global Acetone Market by End User:
Global Acetone Market by Region:
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