Acetone Market Size, Share, Analysis and Forecast 2034
Global Acetone Market Growth, Size, Trends Analysis - By Grade, By Application, By Distribution Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: Jun-2025 | Report ID: CHEM2597 | Pages: 1 - 250 | Formats*: |
| Category : Chemical & Materials | |||
Global Acetone Market Introduction and Overview
According to SPER Market Research, the Global Acetone Market is estimated to reach USD 14376.16 million by 2034 with a CAGR of 8.38%.
The report includes an in-depth analysis of the Global Acetone Market, including market size and trends, product mix, Applications, and supplier analysis. The global acetone market is propelled by its extensive applications across various industries. Acetone serves as a crucial solvent in pharmaceuticals, cosmetics, and personal care products, notably in nail polish removers and skincare formulations. Its role in producing bisphenol A (BPA) and methyl methacrylate (MMA) is vital for manufacturing polycarbonates and acrylic plastics, essential in automotive, electronics, and construction sectors. The surge in demand for sanitizers and cleaning agents, especially during health crises, further boosts acetone consumption. However, the market faces challenges such as fluctuating raw material costs, particularly propylene, impacting production expenses. Environmental concerns over acetone's flammability and potential groundwater contamination have led to stringent regulations, especially regarding BPA usage.
By Grade Insights
The technical grade category is anticipated to maintain its dominance of the industry during the forecast period, having accounted for the biggest revenue market share in 2024. Notably, there has been a rise in the use of technical products like MMA (methyl methacrylate) and BPA (bisphenol A). Their larger market share is a result of these technical-grade products being widely available at reduced prices. Among the uses for technical-grade materials are adhesives, lacquers, and floor polishing. As technical-grade acetone is used in adhesive cement and concrete admixtures, it is anticipated that the growing construction activities will increase demand for it. The demand for acetone in the construction industry is expected to increase during the forecast period as construction operations resume globally after the lockdown.
By Application Insights
In 2024, Solvents had a revenue share. Due to its use as an excipient in medications and as a crucial component in the manufacturing of hand sanitizer, acetone has seen a rise in demand. Acetone is used as a solvent by active fillers to guarantee that the right amount of medication is present in each dose. Furthermore, the demand for acetone as a raw material for the production of isopropyl alcohol (IPA), which is also utilized in the manufacturing of hand sanitizer, is anticipated to increase. Over the course of the forecast period, methyl methacrylate is anticipated to grow at a CAGR. Its use in the automobile industry to manufacture different components is the main reason for this expansion.
By Distribution Channel Insights
In order to guarantee product availability and transparency in the acetone market, the distribution chain from manufacturer to end user is essential. Large-scale acetone production allows producers to cut out middlemen by supplying it straight to end consumers, such as chemical corporations or manufacturers across a range of industries. Better pricing and faster delivery times are made possible by this direct channel, which also strengthens the bonds between end users and manufacturers. This strategy also encourages effective inventory management and enables customized solutions to satisfy particular client needs. The efficiency of the supply chain is increased by the direct distribution channel, which is advantageous to both sides.
By Regional Insights
North America, Europe, Asia-Pacific, and the Rest of the World are the regions for which this research offers market information. Because China is the largest producer and user of methyl methacrylate, the Asia-Pacific region holds the largest market share. Additionally, the market for methyl methacrylate is driven by the growing need for plastic products.
Market Competitive Landscape
To strengthen their position in the Global Acetone Market, several of the leading brands are concentrating on research and development initiatives. Some of the key market players are Arkema, CEPSA Quimica, S.A., DOMO Chemicals, Honeywell International Inc, INEOS, Kumho P&B Chemicals, Mitsui Chemicals, Inc., SABIC, Shell plc, and Solvay.
Recent Developments:
In January 2023, A major phenol facility was established in India by Kolkata-based Haldia Petrochemicals Ltd. By 2026's first quarter, the facility should be finished. Once operational, the factory will produce 185,000 tons of acetone annually (KTPA) and 300,000 tons of phenol yearly.
In December 2023, PTT Global Chemical, a company based in Thailand, plans to start producing acetone and phenol at 90% capacity by the end of the month. The objective of this effort is to increase operational efficiency and optimize resource allocation. The company's manufacturing plant can produce 150,000 tons of acetone and 250,000 tons of phenol annually.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Grade, By Application, By Distribution Channel |
| Regions covered | North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa |
| Companies Covered | Arkema, CEPSA Quimica, S.A., DOMO Chemicals, Honeywell International Inc, INEOS, Kumho P&B Chemicals, Mitsui Chemicals, Inc., SABIC, Shell plc, and Solvay. |
Key Topics Covered in the Report
- Global Acetone Market Size (FY’2021-FY’2034)
- Overview of Global Acetone Market
- Segmentation of Global Acetone Market By Grade (Technical Grade, Specialty Grade)
- Segmentation of Global Acetone Market By Application (Solvents, Methyl Methacrylate, Bisphenol A)
- Segmentation of Global Acetone Market By Distribution Channel (Manufacturer to Distributor, Manufacturer to End User)
- Statistical Snap of Global Acetone Market
- Expansion Analysis of Global Acetone Market
- Problems and Obstacles in Global Acetone Market
- Competitive Landscape in the Global Acetone Market
- Details on Current Investment in Global Acetone Market
- Competitive Analysis of Global Acetone Market
- Prominent Players in the Global Acetone Market
- SWOT Analysis of Global Acetone Market
- Global Acetone Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1.Introduction
1.1.Scope of the report1.2.Market segment analysis
2.Research Methodology
2.1.Research data source
2.1.1.Secondary Data2.1.2.Primary Data2.1.3.SPERs internal database2.1.4.Premium insight from KOLs
2.2.Market size estimation
2.2.1.Top-down and Bottom-up approach
2.3.Data triangulation
3.Executive Summary
4.Market Dynamics
4.1.Driver, Restraint, Opportunity and Challenges analysis
4.1.1.Drivers4.1.2.Restraints4.1.3.Opportunities4.1.4.Challenges
5.Market variable and outlook
5.1.SWOT Analysis
5.1.1.Strengths5.1.2.Weaknesses5.1.3.Opportunities5.1.4.Threats
5.2.PESTEL Analysis
5.2.1.Political Landscape5.2.2.Economic Landscape5.2.3.Social Landscape5.2.4.Technological Landscape5.2.5.Environmental Landscape5.2.6.Legal Landscape
5.3.PORTERs Five Forces
5.3.1.Bargaining power of suppliers5.3.2.Bargaining power of buyers5.3.3.Threat of Substitute5.3.4.Threat of new entrant5.3.5.Competitive rivalry
5.4.Heat Map Analysis
6.Competitive Landscape
6.1.Global Acetone Market Manufacturing Base Distribution, Sales Area, Product Type6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Acetone Market
7.Global Acetone Market, By Grade (USD Million) 2025-2034
7.1.Technical Grade7.2.Specialty Grade
8.Global Acetone Market, By Application (USD Million) 2025-2034
8.1.Solvents8.2.Methyl Methacrylate8.3.Bisphenol A8.4.Other Applications
9.Global Acetone Market, By Distribution Channel (USD Million) 2025-2034
9.1.Manufacturer to Distributor9.2.Manufacturer to End User
10.Global Acetone Market, 2025-2034 (USD Million)
10.1.Global Acetone Market Size and Market Share
11.Global Acetone Market, By Region, 2025-2034 (USD Million)
11.1.Asia-Pacific
11.1.1.Australia11.1.2.China11.1.3.India11.1.4.Japan11.1.5.South Korea11.1.6.Rest of Asia-Pacific
11.2.Europe
11.2.1.France11.2.2.Germany11.2.3.Italy11.2.4.Spain11.2.5.United Kingdom11.2.6.Rest of Europe
11.3.Middle East and Africa
11.3.1.Kingdom of Saudi Arabia11.3.2.United Arab Emirates11.3.3.Qatar11.3.4.South Africa11.3.5.Egypt11.3.6.Morocco11.3.7.Nigeria11.3.8.Rest of Middle-East and Africa
11.4.North America
11.4.1.Canada11.4.2.Mexico11.4.3.United States
11.5.Latin America
11.5.1.Argentina11.5.2.Brazil11.5.3.Rest of Latin America
12.Company Profile12.1.Arkema
12.1.1.Company details12.1.2.Financial outlook12.1.3.Product summary12.1.4.Recent developments
12.2.CEPSA Quimica, S.A.
12.2.1.Company details12.2.2.Financial outlook12.2.3.Product summary12.2.4.Recent developments
12.3.DOMO Chemicals
12.3.1.Company details12.3.2.Financial outlook12.3.3.Product summary12.3.4.Recent developments
12.4.Honeywell International Inc
12.4.1.Company details12.4.2.Financial outlook12.4.3.Product summary12.4.4.Recent developments
12.5.INEOS
12.5.1.Company details12.5.2.Financial outlook12.5.3.Product summary12.5.4.Recent developments
12.6.Kumho P&B Chemicals
12.6.1.Company details12.6.2.Financial outlook12.6.3.Product summary12.6.4.Recent developments
12.7.Mitsui Chemicals, Inc.
12.7.1.Company details12.7.2.Financial outlook12.7.3.Product summary12.7.4.Recent developments
12.8.SABIC
12.8.1.Company details12.8.2.Financial outlook12.8.3.Product summary12.8.4.Recent developments
12.9.Shell plc
12.9.1.Company details12.9.2.Financial outlook12.9.3.Product summary12.9.4.Recent developments
12.10.Others
13.Conclusion
14.List of Abbreviations
15.Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Acetone Market CAGR of 8.38% during the forecast period.
Acetone Market is projected to reach USD 14376.16 million by 2034, growing at a CAGR of of 8.38% during the forecast period.
Acetone Market grew in Market size from 2025. The Market is expected to reach USD 14376.16 million by 2034, at a CAGR of 8.38% during the forecast period.
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Acetone Market size is USD 14376.16 million from 2025 to 2034.
Acetone Market is covered By Grade, By Application, By Distribution Channel
The North America is anticipated to have the highest Market share in the Acetone Market.
Arkema, CEPSA Quimica, S.A., DOMO Chemicals, Honeywell International Inc, INEOS, Kumho P&B Chemicals, Mitsui Chemicals, Inc., SABIC, Shell plc, and Solvay.
The report includes an in-depth analysis of the Global Acetone Market, including market size and trends, product mix, Applications, and supplier analysis.
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