Get the latest insights on price movement and trend analysis of Acetone in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Explore YoY decline in acetone prices in China, with 2025 forecasts shaped by regional supply issues in North America and weak demand in Asia and Europe.

Explore the fluctuating acetone price trends influenced by raw material costs, global demand, environmental regulations, and geopolitical issues affecting key industries like pharmaceuticals, cosmetics, and plastics.

¿Por qué cambió el precio de la acetona en julio de 2025? El índice de precios de acetona de EE.UU. continuó una tendencia descendente con los precios valorados en USD 1024/MT FOB Texas al final del trimestre. Esta estabilidad de precios se encontraba en medio de una demanda crónicamente suave aguas abajo de industrias tales como automoción, revestimientos y productos químicos, con el estado de ánimo del mercado generalmente osado.

The Acetone Market Report is Segmented by Application (Methyl Methacrylate, Bisphenol A, Solvents, and More), End-Use Industry (Cosmetics and Personal Care, Electronics, and More), Production Process (Cumene Process, Isopropanol Oxidation, and More), Grade (Technical Grade, Pharmaceutical Grade, and More), and Geography (Asia-Pacific, North America, Europe, and More). The Market Forecasts are Provided in Terms of Value (USD).

In 2024, after two years of decline, there was significant growth in the global acetone market, when its value increased by 10% to $3B. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the global market reached the peak level at $3.2B in 2013; however, from 2014 to 2024, consumption failed to regain momentum.

The global acetone market size reached a volume of nearly 7.73 MMT in 2024. The market is expected to grow at a CAGR of 3.40% in the forecast period of 2025-2034, to reach a volume of around 10.80 MMT by 2034. The market is supported by the growing demand from key end-use sectors.

The Indian acetone market expanded remarkably to $237M in 2024, increasing by 12% against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $238M in 2014; however, from 2015 to 2024, consumption stood at a somewhat lower figure.

The bio-acetone market is projected to reach a value of USD 74.80 million by 2033, exhibiting a CAGR of 19.00% during the forecast period. The rising demand for bio-based chemicals and the growing awareness of environmental sustainability are the primary drivers of market growth. Bio-acetone is a renewable and sustainable alternative to acetone derived from petrochemicals, which makes it an attractive option for industries seeking to reduce their carbon footprint. The Asia Pacific region is expected to dominate the bio-acetone market due to the presence of major industrial hubs and the growing demand for bio-based chemicals in the region. The increasing adoption of bio-acetone in various applications such as plastics, rubber, painting, and other applications is contributing to the growth of the market. Key players in the bio-acetone market include INEOS, Bio Brands LLC, Celtic Renewables, Circular Industries, Eastman Chemcial Company, LanzaTech, LG Chem, Mitsui Chemcials, Sigma Aldrich (Merck KGaA), and Vertec BioSolvents Inc. Bio-Acetone Market was valued at USD 1,156.04 Million in 2022 and is projected to reach USD 2,901.52 Million by 2028, exhibiting a CAGR of 16.1% during the forecast period 2023-2028. Recent developments include: July 2022: LG Chem started exporting bio-based acetone products and acquired the International Sustainability & Carbon Certification PLUS (ISCC PLUS) for its products., February 2022: Covestro and Mitsui Chemicals agreed on the supply of raw acetone materials from ISCC Plus certified mass-balanced sources. These certifications ensure that the products manufactured by Mitsui Chemicals will be based on renewable sources.. Key drivers for this market are: Growing Demand for Bio Based Raw Materials in Various Industrial Applications, Increase in VOC Regulations; Other Drivers. Potential restraints include: Growing Demand for Bio Based Raw Materials in Various Industrial Applications, Increase in VOC Regulations; Other Drivers. Notable trends are: Growing Demand For Bio-Based Paints and Coatings.

The global acetone market is experiencing robust growth, driven by increasing demand from key sectors like solvents, methyl methacrylate (MMA) production, and bisphenol A (BPA) manufacturing. The market's Compound Annual Growth Rate (CAGR) — let's assume a conservative estimate of 5% based on industry trends for similar chemical markets — suggests a significant expansion over the forecast period (2025-2033). This growth is fueled by several factors. The burgeoning construction industry necessitates increased solvent usage for paints, coatings, and adhesives, directly boosting acetone demand. Similarly, the expanding plastics and automotive sectors contribute significantly, given the role of acetone in the production of MMA, a crucial component in acrylic plastics and automotive parts. Furthermore, advancements in the production processes and technological improvements lead to higher efficiency, further driving market expansion. However, stringent environmental regulations regarding volatile organic compound (VOC) emissions and potential price fluctuations in raw materials, like propylene, pose challenges to market growth. Regional variations are expected, with North America and Asia-Pacific likely to maintain dominant market shares due to significant industrial activity and established manufacturing bases. The competitive landscape is characterized by a mix of large multinational corporations and regional players. Companies like Honeywell International Inc., SABIC, and Mitsubishi Chemical Holdings Corp. are major players, leveraging their established production capacities and extensive distribution networks. However, the market is not without its challenges. Fluctuations in crude oil prices, the primary feedstock for acetone production, directly impact profitability and pricing strategies. Furthermore, the increasing focus on sustainable alternatives and bio-based acetone production will likely influence the industry's future trajectory, encouraging companies to invest in research and development to meet evolving market demands and environmental regulations. This dynamic interplay of drivers, restraints, and competitive dynamics promises a complex but exciting future for the acetone market.

The pricing and trade of the acetone depend on the mixed interactions amongst the phenol value chain and propylene, the product of interest here include propylene, benzene, acetone, phenol, bisphenol-A and MMA. It is a point to consider that the cash cost of phenol as acetone production is by-product of the complete process. Developments in the MMA economical production and new technologies impacted the demand for acetone.

The Bio-Acetone Market Report is Segmented by Type (Purity <99% and Purity> 99%), Application (Plastics, Rubber, Paints and Coatings, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa). The Report Offers Market Size and Forecasts for the Bio-Acetic Market Based On Value (USD Million) for all the Above Segments.

The Bio Acetone Market size is expected to reach a valuation of USD 116.1 million in 2033 growing at a CAGR of 4.0%. The Bio Acetone market research report classifies market by share, trend, demand, forecast and based on segmentation.

In 2024, the Europe acetone market increased by 19% to $1B for the first time since 2021, thus ending a two-year declining trend. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $1.2B. From 2022 to 2024, the growth of the market remained at a lower figure.

The acetone market size was USD 5.7 billion in 2024, which is predicted to reach USD 11.2 billion by 2032, growing at a CAGR of 9% during 2025–2032.

Biobased Acetone Market size was valued at USD 60 Million in 2023 and is projected to reach USD 310 Million by 2030, growing at a CAGR of 29% during the forecasted period 2024 to 2030.

Global Biobased Acetone Market Drivers Sustainable and Renewable Feedstocks: By lowering dependency on fossil fuels and fostering the circular economy, the use of biobased feedstocks, such as sugars produced from biomass or agricultural leftovers, promotes sustainability. Growing Need for Bio-Based Chemicals: The market for bio-based chemicals, such as biobased acetone, is driven by a trend toward sustainable practices and a greater awareness of environmental issues. Government Initiatives and Regulations: The market for biobased acetone is expanding as a result of encouraging laws, policies, and incentives from the government that support the use of bio-based products. Policies that support biodegradable and renewable substitutes promote market growth. Corporate Sustainability Initiatives: A lot of businesses are integrating bio-based materials into their supply chains and setting sustainability targets. The use of biobased acetone is encouraged across a range of industries by its alignment with corporate environmental strategies. Customer Preferences and Awareness: Growing customer knowledge about the environmental effects of conventional petrochemical-based products affects their decision to buy. Consumer preference is gained by products identified as bio-based or generated from renewable sources. Technological Developments in Bioprocessing: The production of biobased acetone from renewable feedstocks is now more efficient and economical because to developments in bioprocessing technologies, such as fermentation and metabolic engineering. Petrochemical Price Volatility: Variations in petrochemical pricing may prompt businesses to look for more reliable and steady substitutes. With its potential for price stability, biobased acetone emerges as a compelling choice. Growth of Bioeconomy Sectors: The biobased acetone market as a whole is aided by the wider growth of bioeconomy sectors, which include bio-based chemicals, biofuels, and biomaterials. Investments in Research and Development: The development of biobased acetone production processes is aided by a rise in research and development expenditures that are directed toward biobased technologies and sustainable substitutes. End-User Industry Adoption: Because of its environmentally favorable properties, biobased acetone is being used in formulations by the cosmetics, pharmaceutical, paint & coating, and solvents industries.

Acetone Market is projected to grow at a CAGR of4.70% from USD 4,758.4 Million in 2020 to USD 6,910.1 Million 2034. Increasing demand for polycarbonates is likely to boost the market demand in the upcoming years.

Comprehensive Acetone Market study including segmentation, demand trends, competitive analysis, growth, and forecasts.

North America Acetone market demand stood at 1900 thousand tonnes in 2023 and is expected to grow at a CAGR of 4.08% during the forecast period until 2034

The global Acetone market has expanded to reach approximately 8343 thousand tonnes in 2024 and is expected to grow at an impressive CAGR of 3.90% during the forecast period until 2035.