The global acetone market is projected to witness strong expansion over the forecast period 2025–2033, driven by increasing demand from key end-use industries and expanding industrial applications worldwide. According to the latest report by Straits Research, the global acetone market size was valued at USD 6.52 billion in 2024 and is estimated to grow from USD 7.03 billion in 2025 to USD 12.92 billion by 2033, registering a CAGR of 7.91% during the forecast period.

KEY HIGHLIGHTS

Largest Region: Asia-Pacific leads the global market supported by strong demand from cosmetics, pharmaceuticals, automotive, and industrial sectors.

Fastest-Growing Region: North America is witnessing significant growth due to expanding applications in coatings, adhesives, and eco-friendly solvent use.

Largest Segment (By Grade): Technical grade acetone dominates the market owing to its extensive industrial applications.

Fastest-Growing Segment (By Application): Solvent segment holds the leading share due to wide use across multiple industries.

Leading End-User: Paints & coatings segment maintains the largest share of the end-user market.

MARKET DYNAMICS

Drivers:
The acetone market is being significantly propelled by rising demand from numerous end-user industries, particularly pharmaceuticals, paints & coatings, and personal care products, which require acetone for solvent and chemical synthesis applications. The expanding manufacturing activities, especially in Asia-Pacific, along with growth in cosmetics and electronics sectors, continue to bolster demand for acetone worldwide.

Restraints:
Despite the robust growth trajectory, the market faces challenges such as stringent environmental regulations and concerns related to the volatile nature of acetone, necessitating safety measures that can increase production and handling costs. Fluctuating raw material prices and supply chain disruptions further pose hurdles to market scalability.

Opportunities:
The growing focus on sustainability and eco-friendly chemical production presents notable opportunities. Development of bio-based acetone and innovations in greener solvent alternatives are attracting investments, enabling manufacturers to meet environmental standards while tapping into new application areas.

TOP MARKET PLAYERS

Key players shaping the competitive landscape of the acetone market include:

INEOS

Shell plc

Honeywell International Inc

Mitsui Chemicals, Inc.

CEPSA Quimica, S.A.

SABIC

Arkema

Solvay

DOMO Chemicals

Kumho P&B Chemicals

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MARKET SEGMENTATION

By Grade:

Technical Grade

Specialty Grade

By Application:

Methyl Methacrylate

Bisphenol A

Solvent

Others

By End-User:

Pharmaceuticals

Personal Care

Paints & Coatings

Plastic

Construction

Electrical & Electronics

Others

By Region:

North America

Europe

Asia-Pacific (APAC)

Middle East & Africa

Latin America (LATAM)

ABOUT THE REPORT

The Acetone Market Size, Share & Trends Analysis Report by Straits Research offers comprehensive insights into market dynamics, competitive landscape, growth opportunities, and long-term projections from 2025 to 2033. The analysis includes detailed segment forecasts by grade, application, end-use, and region, providing stakeholders with strategic insights to navigate the evolving market environment.