Acetone Market Forecast - Growth, Outline, Share, Trends, Demand, Scope, Overview, Manufacturers and Outlook 2025

Market Drivers and Restraints:

The widespread application of Acetone in various industries which include paints and coatings, pharmaceuticals, personal care, plastics and construction among others is acting as one of the major drivers for the expansion of the Global Acetone Market Forecast.

Acetone, being miscible with water, is used as a solvent for cleaning purposes in laboratories. The disinfecting property of Acetone makes it an important sterilization solution for disinfecting the surgical tools and other instruments in hospitals and clinics. Acetone is also utilized as an excipient in some pharmaceutical drugs and vital solution for chemical peeling. These applications of acetone in the pharmaceutical industry are significantly fueling the growth of the Global Acetone Market.

The increasing use of Acetone as an active ingredient in nail polish remover and thinning agent in paints is generating high demand for acetone in the global market. The rapid infrastructural development is inducing demand for paints and coatings in the global market, which in turn is impacting positively on the expansion of the Global Acetone Market. However, the high level of safety precautions for the production of Acetone due to its inflammable nature increases the overall production cost of acetone, which is acting as a restraint on the expansion of the Global Acetone Market.

Regional Analysis:

Geographically, the Global Acetone Market has been segmented into five major regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these, The Asia Pacific region is anticipated to dominate the Global Acetone Market during the forecast period due to the rapid infrastructural development, significant expansion of construction and paint & coatings industries.

The North America region is projecting noteworthy growth in the Global Acetone Market owing to the increasing production capacities of the Acetone manufacturers and high consumption potential of acetone in the pharmaceutical industry of this region.

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The Acetone Market in the Europe region is anticipated to expand during the forecast period as the investments for research and development is increasing in the healthcare and cosmetics industries in this region. The increasing construction activities in the Middle East region are positively impacting the expansion of the Acetone Market in this region. The increasing demand for acetone due to its wide application range is driving the Acetone Market in the rest of the world.

Industry Updates:

In June 2018, China’s domestic acetone prices have fallen at a two-year low as the supply has outstripped the demand for acetone in the market. According to the ICIS data, the prices are down by 12 % from the end of May 2018.

On 25th June 2018, Green Biologics, Inc. (U.S.) has announced the launch of world’s first bio-based acetone nail polish remover which is branded under Sally Beauty’s “Beauty Secrets” line, a collaboration of Green Biologics and Mariana Industries, a leading manufacturer and developer of beauty products in the U.S.

Competitive Analysis:

Some of the key players in the Global Acetone Market are INEOS (Switzerland), The Royal Dutch Shell plc (the Netherlands), The Dow Chemical Company (the U.S.), Cepsa (Spain), Mitsui Chemicals, Inc. (China), Altivia (the U.S.), LCY GROUP (Taiwan) Formosa Chemicals & Fiber Corporation (China), Prasol Chemicals Pvt. Ltd. (India) and EMCO Limited (India) among others.

Increasing research and development expenditure by the players in the Global Acetone Market is reinforcing the competition in the global market. The players are planning on strategic mergers and acquisition for business expansion to sustain the highly competitive environment of the Global Acetone Market.

Market Segmentation:

Global Acetone Market has been segmented on the basis of Application and End-Use Industry.

Based on Application, the Acetone Market is segmented into methyl methacrylate, bisphenol A, solvent, and others. Among these segments, bisphenol A accounts for the largest market share in the global acetone market due to its high utilization as a raw material for the production of epoxy and polycarbonate resins. The extensive use of polycarbonate in the automobile industry is anticipated to further the expansion of bisphenol A segment in the global acetone market during the forecast period.

Based on End-Use Industry, the Acetone Market is segmented into pharmaceuticals, personal care, paints & coatings, plastics, construction, electrical & electronics, and others.

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Acetone Market 2020 Global Industry Size, Share, Growth, Trends, 10 Company Profiles and 2025

Market Research Future Published a Half-Cooked Research Report on Global Acetone Market - Forecast to 2025

Market Analysis:

Global Acetone Market is predicted to touch USD 10.57 million tons at a 5.2% CAGR between 2017-2023, reveals the latest Market Research Future (MRFR) report. Acetone or propanone is an organic compound that is colorless and has flammable and volatile properties. It is found naturally in forest fires, trees, plants, and as a breakdown of animal fat metabolism. This is the smallest and simplest ketone body that is produced during ketoacidosis. It is widely used as a solvent to manufacture personal care products, electronics, cosmetics, household products, plastics, and other products.

Various factors are propelling the Acetone Market Growth. These factors, as per the new Market Research Future (MRFR) report, include expanding personal care industry, growing use in household products, rising electronics industry, and increasing use in the textile industry for degumming silk and degreasing wool as well as the formation of lacquers. Additional factors pushing market growth include growing end use applications in skincare and hair care products, fragrance products, cleansing products, and nail polish removers, growing industrialization, increasing investments made by the government in construction projects, increasing disposable income, rapid urbanization, and growing demand in the plastics industry. Besides, Acetone contains good solvent property; thus, it can be mixed easily with water for being used in paints, adhesive coatings, and printing inks, which is also adding to the growth of the market.

On the flip side, high cost of Acetone, inflammability, increasing regulations laid down on BPA by the European Commission, and health issues resulting from high exposure such as respiratory distress, seizures, unconsciousness, blindness, vomiting, and liver damage are factors that may restrict the acetone market growth over the forecast period.

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Key Players:

Prominent Players Profiled in the Acetone Market report include EMCO Limited (India), Prasol Chemicals Pvt. Ltd. (India), Formosa Chemicals & Fiber Corporation (China), LCY GROUP (Taiwan), Altivia (US), Mitsui Chemicals, Inc. (China), Cepsa (Spain), The Dow Chemical Company (US), The Royal Dutch Shell plc (the Netherlands), and INEOS (Switzerland). Key players have incorporated different strategies to create a niche in the market, such as partnerships, mergers and acquisitions, product launches, and more.

Industry News:

Saudi Basic Industries have unveiled the industry’s first-ever polycarbonate resin that is based on certified renewable feedstock. This new material is made with renewable content in the Acetone, phenol, and cumene raw materials that are required to make PC.

Market Segmentation:

The MRFR Report provides an all-inclusive Segmental Analysis of the Acetone Market based on End Use Industry and Application.

Based on the Application, the acetone market is segmented into solvent, bisphenol A, and methyl methacrylate.

Based on End Use Industry, the acetone market is segmented into electrical and electronics, construction, plastics, paints and coatings, personal care, and pharmaceuticals.

Regional Analysis:

By Region, the Acetone Market Report covers the latest trends and growth opportunities across North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa. Of these, the APAC region will command the largest share in the market over the forecast period. Factors pushing growth in the region include extending construction and paints & coatings industries, improved living standards, and increasing disposable income. Indonesia, Japan, India, and China are the key contributors in this region chiefly due to the region’s expanding populace and urbanization.

The Acetone Market in North America is predicted to have a healthy growth over the forecast period. Factors pushing growth in the region include high Acetone consumption, increasing monetary development rate, expanding production capacities, and growing interest for pharmaceuticals and electrical & electronic appliances.

The Acetone Market in Europe is predicted to have a notable growth over the forecast period. Factors pushing growth in the region include increasing use of acetone in cosmetic products and healthcare, coupled with consumers increasing purchasing power. Russia, France, the UK, Spain, Germany, and Italy are the key contributors in this region.

The Acetone Market in Latin America is predicted to have a steady growth over the forecast period.

The Acetone Market in the MEA is predicted to have significant growth in the market over the forecast period. This is chiefly on account of the growing paints & coatings and construction industries.

Browse Key Industry Insights spread across 140 pages with 35 market data tables & 19 figures & charts from the report, “Acetone Market Information: By Application Type (Methyl Methacrylate, Bisphenol A, Solvents, Powder and others), End-Use Industry (Plastic, Chemical, Pharmaceutical, Cosmetics & Personal Care, Paint & Coatings and others) and Region – Growth Potential, Price Trends, Competitive Market Share & Forecast 2025” in detail along with the table of contents: https://www.marketresearchfuture.com/reports/acetone-market-1033       

                                                                  

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Acetone Market Trends, Drivers, Strategies, Applications and Competitive Landscape 2025

Acetone Global Market – Competitive Analysis

Characterized by the presence of several well-established and small players, the global Market of Acetone appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position. The Market demonstrates high growth potential which is likely to attract several new entrants in the market. Further resulting in intensified completion. Top players are investing heavily in R&D and clinical trial.

The key players operating in the Acetone Market compete based upon pricing, Technology and services. 

Manufacturers operating in the Acetone Market strive to deliver the best quality, reliable and consistent pure high-quality Acetone products based on innovative technologies, and best practices. Acetone market demonstrates high growth potential which is likely to attract many entrants to the market resulting in further intensified competition.

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Acetone Global Market   – Segments:

Global Acetone Market is segmented in to 2 Key dynamics for an easy grasp and enhanced understanding.

Segmentation by Application:  Comprises – Solvent, Cosmetics, Medicals, Laboratories and other (automotive, electronics, pharmaceuticals, paints & coating).

Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.

Acetone Global Market   – Regional Analysis

Asia-Pacific is expected to be the largest consumer of Acetone whereas; the United States will be the leading producer. As per the analysis, the global acetone market is poised to reach astronomical amounts by 2027, with a substantial CAGR during the forecasted period. United States has the highest production capacity followed by China and Taiwan. Asia-Pacific region includes most of the Acetone integrated production facilities.

Acetone Global Market   – Overview

According to the Market Research Future, the global market of Acetone is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2027, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2016 – 2027).  The Global Acetone Market revenue contribution is expected to increase by a substantial monetarily growth by end of the forecast i.e. 2027, with a substantial expansion rate during the period 2016 to 2027.

The Global Acetone Market has seen the tremendous growth in last couple of years attributed to demand from the burgeoning cosmetic Industry. Acetone is used in laboratories and servers as an important solvent. With the huge demand from the application segment including solvent, cosmetics, medicals, laboratories, automotive, electronics, pharmaceuticals, paints & coating and others, the acetone market has grown immensely with the overall production of over 6 million tons per year; and as the demand augments further; the market will grow further with the rapid pace, indicates the recently published study report by MRFR.

Globally, the demand for acetone is very high as it finds application in almost every major industry involved in making solvents and bisphenol-A, Methyl Isobutyl Ketone and Methyl Methacrylate.  The demand for acetone in the global market has almost doubled in the last decade owing to the static production capabilities, the dependency on imports has increased as the local production struggles to keep up with the demand. Acetone pricing is vulnerable to international demand, supply situation and volatility in the international market.

However, emergence of green solvents and bio-based solvents which are rapidly substituting acetone and increasing use of water-based solvents in paints and coatings is likely to restrict the growth of the global acetone market. Also, lack of planned projects for acetone production is likely to hamper the market growth during the forecasted period. The lack of planned projects also leads to a huge difference in global demand and supply status.

The primary feedstock for production of acetone is phenol. Most manufacturers, therefore, prefer to have an integrated facility, wherein the phenol production can be used captivity for the production of acetone. Displaying this trend, most of the manufacturers are producing phenol as well as acetone, and they try to cater the huge demand.

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Acetone, a colourless liquid, is a solvent used in manufacture of plastics and other industrial products. Acetone may also be used to a limited extent in household products, including cosmetics and personal care products, where its most frequent application would be in the formulation of nail polish removers. Acetone occurs naturally in the human body as a by-product of metabolism.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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Acetone Market 2019 | Driving Factors, Industry Analysis, Investment Feasibility and Trends, Outlook -2023

Acetone Market   - Competitive Analysis

Acetone market appears to be more competitive with the presence of many major global chemicals and materials manufacturers operating in the market. Presence of many key players will lead to increase the competition between manufacturers in order to deliver better products and customer service. Additionally, competitive edge in innovation and technology is expected to be rapid and results into the lowering the Acetone prices in order to sustain in the market race. Acetone Market demonstrates a high growth potential as the demand for these materials is increasing at industrial and consumer level and new Acetone manufacturers are likely to invest in opening new production capacities to meet the global demand with better solutions.

Industry/ Innovation/ Related News:

May 2015 – ALTIVIA Petrochemicals (U.S.), is one of the key global manufacturer of acetone, has announced its Haverhill Chemicals phenol-acetone plants facilities at Ohio, U.S. This is expected to meet the increasing demand for acetone based cleaning and degreasing agents for industrial cleaning purposes owing to the rising crude oil production. Recent shale gas discovery in this region is expected to increase more crude oil production capacities is fuel the use of acetone.

July 2017 – INEOS (U.K), is the largest producer of acetone and phenol in the world, has announced that it is planning to open a new cumene production capacity in Germany by 2020. The purpose of this opening of new production is to support the demand and supply of acetone production plants at Gladbeck, Germany, and Antwerp in Belgium. However, the company didn’t reveal the location of this new production capacity in Germany. While it is anticipated that by opening up of this production capacity is expected to provide benefits for the nearby automotive, cosmetics and chemical industries and also reduce the import costs which directly affect the end user products. Presence of major global automobile manufacturers are the most benefited by opening up of this new production capacity.

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Growing Brands:

Akzo Nobel Eka (Netherlands), Neutron Industries (U.S.), Aditya Birla Chemicals (India), Hansol Chemicals (Korea), Kemira Oyj (Europe), State Industrial Products Corporation (U.S.), Hercules and Hercules Inc. (U.S.), 3M Company (U.S.), Arrow-Magnolia International, Inc. (U.S.), and Ecolab G.K. (Japan) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Acetone Market.

Acetone Market   - Overview

The Global Acetone Market is growing with the rapid pace for its major use as solvent in manufacturing wide variety of plastics; mainly due to the proliferation of plastics industry. According to a recent study report published by the Market Research Future, The global market of Acetone is increasing and anticipated to gain significance over the forecast period. The market is forecasted to demonstrate a stunning growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2023).

Globally, the market for Acetone is driven by the region Asia pacific, owing to the rise in the necessity to lodge expanding population resulting in to increasing demand for acetone based adhesives & sealants serving different purposes in this expanding construction projects. Acetone are extensively used in the production of cleaning and degreasing chemical agents for industrial purposes. Acetone enhances the functioning and improve the durability of industrial machinery. Not only is acetone's extreme flammability a risk to the environment, but it also poses a significant risk to the oxygen depletion in aquatic systems due to the microbial consumption.

Rising disposable incomes and urbanization suggests the growth of cosmetics and personal care industry. Moreover growing industries such as pharmaceuticals, electrical & electronics, and paints & coatings provide momentum to the Acetone Market growth.

On the other hand, the negative impact Bleaching Chemical leave on the environment, restricts its uptake resulting in to further hampering the Bleaching Chemical Market growth.

Most of the world’s acetone production is derived from phenol. Thus, acetone is directly influenced by the phenol market. Asia Pacific is the largest producer of acetone and most of it is utilized as an intermediate chemical solvent for various chemical industries. Methyl methacrylate (MMA) is the second-largest end use for acetone. Bisphenol A is the third-largest demand sector.

In the forcast period, the demand for acetone is market is higher in China, and followed by U.S., and Europe. Solvents are utilized in industrial & consumer goods such as cement, lacquers and finishes, cleaners, paint, coatings, films, and adhesives, pharmaceuticals, glass-reinforced plastics, rubber chemicals, and household, cosmetic, and personal care products.

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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