Global Acetone Market Size Study, by Grade (Technical Grade, Specialty Grade), by Application (Solvents, Methyl Methacrylate, Bisphenol A), by Distribution Channel (Manufacturer to Distributor, Manufacturer to End User), and Regional Forecasts 2022-2032

The Global Acetone Market is projected to witness substantial growth, driven by its extensive applications in various end-use industries. Valued at USD 5980.41 million in 2023, the market is anticipated to grow at a CAGR of 8.1% from 2024 to 2032. The growing demand for acetone in manufacturing solvents, methyl methacrylate (MMA), and Bisphenol A (BPA) underscores its critical role in personal care, automotive, and industrial applications.

Acetone is a key aliphatic ketone produced predominantly as a byproduct of phenol production. It plays a vital role in the formulation of adhesives, varnishes, and thinners while also being a crucial intermediary in the production of PMMA and BPA. The expansion of end-use industries, particularly in Asia Pacific and North America, has significantly contributed to acetone's market prominence.

In the personal care industry, acetone is extensively used in nail polish removers and skin treatment products. The automotive sector heavily relies on polycarbonate plastics derived from BPA, further driving acetone demand. Furthermore, advancements in production techniques and bio-based acetone have emerged as potential game-changers, promoting sustainability and cost efficiency.

Regionally, Asia Pacific leads the market due to its robust industrial base and high demand from the pharmaceutical, cosmetic, and automotive sectors. North America and Europe also showcase strong market trends, with increasing applications in the automotive and personal care industries. Meanwhile, Latin America and the Middle East & Africa are expected to grow steadily, supported by rising awareness and consumption in emerging markets.

Major market players included in this report are:

• INEOS
• Shell Plc
• Honeywell International Inc.
• Mitsui Chemicals, Inc.
• CEPSA Quimica, S.A.
• SABIC
• Arkema
• Solvay
• DOMO Chemicals
• Kumho P&B Chemicals
• LyondellBasell
• Dow Inc.
• Formosa Chemicals & Fibre Corporation
• Evonik Industries AG
• Asahi Kasei Corporation

The detailed segments and sub-segments of the market are explained below:

By Grade:

• Technical Grade
• Specialty Grade

By Application:

• Solvents
• Methyl Methacrylate
• Bisphenol A
• Other Applications

By Distribution Channel:

• Manufacturer to Distributor
• Manufacturer to End User

By Region:

• North America: U.S., Canada, Mexico
• Europe: Germany, France, Belgium, CIS Nations
• Asia Pacific: China, India, Japan, South Korea, Taiwan
• Latin America: Brazil, Argentina
• Middle East & Africa: Saudi Arabia, South Africa

Years considered for the study are as follows:

• Historical year - 2022
• Base year - 2023
• Forecast period - 2024 to 2032

Key Takeaways:

• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of the geographical landscape with country-level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approaches.
• Demand-side and supply-side analysis of the market.