Acetone Market Size, Share & Trends Analysis Report By Grade, By Application (Solvents, Methyl Methacrylate, Bisphenol A), By Distribution Channel, By Region, And Segment Forecasts, 2025 - 2030

December 2024 | 103 pages | ID: A5C662F0029AEN
Grand View Research, Inc.

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Acetone Market Growth & Trends

The global acetone market size is expected treach USD 10.23 billion by 2030, registering a CAGR of 8.1% from 2025 t2030, according ta new report by Grand View Research, Inc. The growth is majorly driven by the rising consumption of the product as a cleaning agent and as a solvent in the production of plastics, textiles, cosmetics, and other personal care products.

Acetone, which alsgoes by the names dimethyl ketone and propanone, is a highly flammable, colorless liquid with the chemical formula (CH3)2CO. It is the smallest and most basic ketone and is frequently used in homes, businesses, and laboratories for cleaning. It is frequently used as a byproduct for the production of phenol. The Wacker process, dry distillation, and the cumene process are a few popular production processes.

Acetone, for active components, is an excellent solvent and serves as a carrier agent in fungicides and insecticides, used in agriculture. Additionally, it is used in personal care products owing tthe rising awareness regarding self-care and grooming across the globe. In addition, the product as a cleaning agent or solvent is used tdissolve two-part epoxies, super glue, and polyester resin before they are set in the manufacturing process. It alsaids in gel coat and polyester resin cleaning. Casting resin can alsbe effectively removed from the skin with acetone.

China, the U.S., South Korea, and the Western European region are the main manufacturing hubs for the product. Due tthe rapidly growing pharmaceutical and electronics industries, the Asia Pacific region exhibits an enormous growth in demand for the product. It is further predicted tcontribute tthe largest consumption share during the forecast period. In addition, India is anticipated tincrease local production during the upcoming years due tthe anti-dumping charges it has placed on imports of acetone from South Korea, Saudi Arabia, and China.

Acetone Market Report Highlights
    • Solvents held a revenue share of over 33.6% in 2024, owing tthe increasing utilization of acetone as a solvent in pharmaceutical, paints & coatings, and cosmetics industries.
      • The technical grade segment accounted for the largest revenue market share of 97.2%, in 2024 and is expected tcontinue tdominate the industry over the forecast period.
    • The North American region's demand for acetone is primarily driven by its use in solvent manufacturing. The United States is a major hub for automotive manufacturers, producing 9.2 million vehicles in 2022, a 4.0% increase compared t2021.
CHAPTER 1. METHODOLOGY AND SCOPE

1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
  1.3.1. Information Analysis
  1.3.2. Market Formulation & Data Visualization
  1.3.3. Data Validation & Publishing
1.4. Research Scope and Assumptions
  1.4.1. List of Data Sources

CHAPTER 2. EXECUTIVE SUMMARY

2.1. Market Snapshot
2.2. Segmental Outlook
2.3. Competitive Outlook

CHAPTER 3. MARKET VARIABLES, TRENDS, AND SCOPE

3.1. Global Acetone Market Outlook
3.2. Value Chain Analysis
  3.2.1. Raw Material Outlook
  3.2.2. Manufacturing Outlook
3.3. Price Trend Analysis
3.4. Regulatory Framework
  3.4.1. Standards & Compliances
3.5. Market Dynamics
  3.5.1. Market Driver Analysis
  3.5.2. Market Restraint Analysis
  3.5.3. Market Challenges Analysis
  3.5.4. Market Opportunity Analysis
3.6. Porter’s Five Forces Analysis
  3.6.1. Bargaining Power of Suppliers
  3.6.2. Bargaining Power of Buyers
  3.6.3. Threat of Substitution
  3.6.4. Threat of New Entrants
  3.6.5. Competitive Rivalry
3.7. PESTLE Analysis
  3.7.1. Political
  3.7.2. Economic
  3.7.3. Social Landscape
  3.7.4. Technology
  3.7.5. Environmental
  3.7.6. Legal

CHAPTER 4. ACETONE MARKET: GRADE ESTIMATES & TREND ANALYSIS

4.1. Acetone Market: Grade Movement Analysis, 2023 & 2030
4.2. Technical Grade
  4.2.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.3. Specialty Grade
  4.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)

CHAPTER 5. ACETONE MARKET: APPLICATION ESTIMATES & TREND ANALYSIS

5.1. Acetone Market: Grade Movement Analysis, 2023 & 2030
5.2. Solvents
  5.2.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.3. Methyl Methacrylate
  5.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.4. Bisphenol A
  5.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.5. Other Applications
  5.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)

CHAPTER 6. ACETONE MARKET: DISTRIBUTION CHANNEL ESTIMATES & TREND ANALYSIS

6.1. Acetone Market: Grade Movement Analysis, 2023 & 2030
6.2. Manufacturer to Distributor
  6.2.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.3. Manufacturer to End User
  6.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)

CHAPTER 7. ACETONE MARKET: REGIONAL ESTIMATES & TREND ANALYSIS

7.1. Regional Analysis, 2023 & 2030
7.2. North America
  7.2.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
  7.2.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
  7.2.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
  7.2.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (Kilotons) (USD Million)
  7.2.5. U.S.
    7.2.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
    7.2.5.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
    7.2.5.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
    7.2.5.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (Kilotons) (USD Million)
  7.2.6. Canada
    7.2.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
    7.2.6.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
    7.2.6.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
    7.2.6.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (Kilotons) (USD Million)
  7.2.7. Mexico
    7.2.7.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
    7.2.7.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
    7.2.7.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
    7.2.7.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (Kilotons) (USD Million)
7.3. Europe
  7.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
  7.3.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
  7.3.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
  7.3.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (Kilotons) (USD Million)
  7.3.5. Germany
    7.3.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
    7.3.5.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
    7.3.5.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
    7.3.5.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (Kilotons) (USD Million)
  7.3.6. France
    7.3.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
    7.3.6.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
    7.3.6.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
    7.3.6.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (Kilotons) (USD Million)
  7.3.7. Belgium
    7.3.7.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
    7.3.7.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
    7.3.7.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
    7.3.7.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (Kilotons) (USD Million)
  7.3.8. CIS Nations
    7.3.8.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
    7.3.8.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
    7.3.8.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
    7.3.8.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (Kilotons) (USD Million)
7.4. Asia Pacific
  7.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
  7.4.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
  7.4.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
  7.4.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (Kilotons) (USD Million)
  7.4.5. China
    7.4.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
    7.4.5.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
    7.4.5.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
    7.4.5.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (Kilotons) (USD Million)
  7.4.6. India
    7.4.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
    7.4.6.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
    7.4.6.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
    7.4.6.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (Kilotons) (USD Million)
  7.4.7. Japan
    7.4.7.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
    7.4.7.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
    7.4.7.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
    7.4.7.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (Kilotons) (USD Million)
  7.4.8. South Korea
    7.4.8.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
    7.4.8.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
    7.4.8.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
    7.4.8.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (Kilotons) (USD Million)
  7.4.9. Taiwan
    7.4.9.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
    7.4.9.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
    7.4.9.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
    7.4.9.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (Kilotons) (USD Million)
7.5. Latin America
  7.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
  7.5.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
  7.5.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
  7.5.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (Kilotons) (USD Million)
  7.5.5. Brazil
    7.5.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
    7.5.5.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
    7.5.5.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
    7.5.5.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (Kilotons) (USD Million)
  7.5.6. Argentina
    7.5.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
    7.5.6.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
    7.5.6.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
    7.5.6.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (Kilotons) (USD Million)
7.6. Middle East & Africa
  7.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
  7.6.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
  7.6.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
  7.6.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (Kilotons) (USD Million)
  7.6.5. Saudi Arabia
    7.6.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
    7.6.5.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
    7.6.5.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
    7.6.5.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (Kilotons) (USD Million)
  7.6.6. South Africa
    7.6.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
    7.6.6.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
    7.6.6.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
    7.6.6.4. Market estimates and forecasts, by distribution channel, 2018 - 2030 (Kilotons) (USD Million)

CHAPTER 8. COMPETITIVE LANDSCAPE

8.1. Recent Developments By Key Market Participants
8.2. Company Categorization
8.3. Company Heat Map Analysis
8.4. List of Key End Users
8.5. Strategy Mapping
8.6. Company Profiles/Listing
  8.6.1. INEOS
    8.6.1.1. Company Overview
    8.6.1.2. Financial Performance
    8.6.1.3. Grade Benchmarking
  8.6.2. Shell plc
    8.6.2.1. Company Overview
    8.6.2.2. Financial Performance
    8.6.2.3. Grade Benchmarking
  8.6.3. Honeywell International Inc
    8.6.3.1. Company Overview
    8.6.3.2. Financial Performance
    8.6.3.3. Grade Benchmarking
  8.6.4. Mitsui Chemicals, Inc.
    8.6.4.1. Company Overview
    8.6.4.2. Financial Performance
    8.6.4.3. Grade Benchmarking
  8.6.5. CEPSA Quimica, S.A.
    8.6.5.1. Company Overview
    8.6.5.2. Financial Performance
    8.6.5.3. Grade Benchmarking
  8.6.6. SABIC
    8.6.6.1. Company Overview
    8.6.6.2. Financial Performance
    8.6.6.3. Grade Benchmarking
  8.6.7. Arkema
    8.6.7.1. Company Overview
    8.6.7.2. Financial Performance
    8.6.7.3. Grade Benchmarking
  8.6.8. DOMO Chemicals
    8.6.8.1. Company Overview
    8.6.8.2. Financial Performance
    8.6.8.3. Grade Benchmarking
  8.6.9. Solvay
    8.6.9.1. Company Overview
    8.6.9.2. Financial Performance
    8.6.9.3. Grade Benchmarking
  8.6.10. Kumho P&B Chemicals
    8.6.10.1. Company Overview
    8.6.10.2. Financial Performance
    8.6.10.3. Grade Benchmarking


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