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).

Why did the Acetone Price Change in July 2025? The U.S. acetone price index continued a downward trend with the prices valued at USD 1024/MT FOB Texas at quarter-end. This price stability was amid chronically soft downstream demand from industries such as automotive, coatings and chemicals, with market mood generally bearish.

During the last quarter of 2024, the acetone prices in the United States reached 1223 USD/MT in December. The market maintained its downward pricing trend in Q4 2024, driven by steady cost of production and mild demand from the manufacturing of MMA, cosmetics, and medicines. Supply was limited by the scarcity of feedstocks like cumene and propylene, and cost was affected by worries about labor strikes and changes in trade laws.

Product	Category	Region	Price
Acetone	Petrochemicals	United States	1223 USD/MT
Acetone	Petrochemicals	Japan	827 USD/MT
Acetone	Petrochemicals	Germany	1108 USD/MT

Explore IMARC’s newly published report, titled “Acetone Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2025 Edition,” offers an in-depth analysis of acetone pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

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.

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.

Global sales of acetone stood at USD 6,955.1 million in 2023. It is further projected to exhibit a Y-O-Y growth of 5.2% in 2024 and reach USD 7,314.2 million in the same year. It is anticipated to surge at a CAGR of 6.3% between 2024 and 2034, and will likely reach USD 13,521.8 million by 2034.

Attributes	Description
Estimated Global Acetone Market Size (2024E)	USD 7,314.2 million
Projected Global Acetone Market Value (2034F)	USD 13,521.8 million
Value-based CAGR (2024 to 2034)	6.3%

Semi-annual Market Update

Particular	Value CAGR
H1	4.8% (2023 to 2033)
H2	5% (2023 to 2033)
H1	5.1% (2024 to 2034)
H2	5.3% (2024 to 2034)

Country-wise Insights

Country	Value CAGR (2024 to 2034)
China	8.3%
South Korea	7.3%
Japan	6.8%
Brazil	6.7%
United States	5.8%

Category-wise Insights

Segment	Solvent (Application)
Value Share (2024)	36.2%

Segment	Chemicals (End-use)
Value Share (2024)	68.4%

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).

The global acetone market amounted to $2.7B in 2024, picking up by 4.4% against the previous year. In general, consumption recorded a relatively flat trend pattern. Global consumption peaked at $3B in 2012; however, from 2013 to 2024, consumption remained at a 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 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.

Acetone Market size was valued at USD 4.96 Billion in 2023 and is projected to reach USD 7.55 Billion by 2031, growing at a CAGR of 5.40% from 2024 to 2031.

Key Market Drivers Expanding End-Use Industries: The rising end-use industries are pushing the need for acetone in a variety of sectors. Acetone is an important solvent in pharmaceutical and cosmetic manufacturing operations. The increasing demand for pharmaceuticals and personal care items is driving up the need for acetone. Acetone is also used in the textile sector to degum and degrease materials, improving their quality. Acetone consumption is expected to increase as the textile sector increases, particularly in developing economies. Similarly, in the electronics industry, acetone is used to clean circuit boards and electronic components during production. Rising Disposable Income in Developing Economies: Rising disposable income in developing economies is another important element driving the expansion of the acetone industry. As disposable incomes rise, so does demand for consumer items like medications, cosmetics, and electronics, all of which need acetone in the manufacturing process. Furthermore, developing nations are seeing major infrastructure development, resulting in increased building activity and a greater need for paints and coatings containing acetone as a solvent. Advancements in Production Technologies: Advances in manufacturing technology are also propelling market growth. The development of more efficient and cost-effective acetone production technologies may result in lower prices, making acetone more affordable to a larger range of industries. Furthermore, there is a rising emphasis on sustainability, with research and development initiatives targeted at developing environmentally friendly acetone production processes using renewable feedstocks. These environmentally friendly solutions are drawing new clients and growing the market. Regulatory Landscape: The regulatory landscape has an impact on the acetone market as well. Environmental restrictions governing air and water pollution may have an impact on acetone production and consumption. Stringent rules may necessitate the use of cleaner production technology, thus raising costs. However, increasing environmental requirements may increase demand for bio-based or sustainable acetone alternatives, impacting market dynamics. Fluctuations in Raw Material Costs: Changes in raw material costs, notably propylene, the primary raw material used in acetone manufacturing, can have a substantial impact on acetone prices. Propylene price changes can have an impact on acetone production profitability and, perhaps, market stability.

En el primer trimestre de 2025, el mercado de Acetone en América del Norte mostró una tendencia de precios en gran medida estable a ligeramente torcida

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The acetone market size has the potential to grow by 1,375.25 k tons during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by end-user (industrial sector, cosmetics industry, pharmaceutical industry, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including ALTIVIA, COMPAÑÍA ESPAÑOLA DE PETRÓLEOS SA, Honeywell International Inc., INEOS Group Holdings SA, Mitsubishi Chemical Holdings Corp., Mitsui Chemicals Inc., Prasol Chemicals Pvt. Ltd., Royal Dutch Shell, SABIC, and Solvay SA.

Market Overview

Market Competitive Analysis

The market is fragmented and characterized by the presence of small and large vendors. The large vendors in the market have huge production units situated across the world and vast geographical existence. Vendors are compelled to differentiate their product and service offerings through a clear and exceptional value proposition to survive and succeed in an intensely competitive environment. Major vendors of the acetone compound market are increasingly focusing on the development of new products by heavily investing in research and developmental activities. Mitsui Chemicals Inc., Prasol Chemicals Pvt. Ltd., Royal Dutch Shell, SABIC, and Solvay SA are some of the major market participants. Although the growing demand for polycarbonates will offer immense growth opportunities, restrictions on bisphenol A-based food contact materials will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this acetone market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this acetone market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

• ALTIVIA
• COMPAÑÍA ESPAÑOLA DE PETRÓLEOS SA
• Honeywell International Inc.
• INEOS Group Holdings SA
• Mitsubishi Chemical Holdings Corp.
• Mitsui Chemicals, Inc.
• Prasol Chemicals Pvt. Ltd.
• Royal Dutch Shell
• SABIC
• Solvay SA

Acetone Market: Segmentation by Region

APAC had the largest acetone market share in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The growing industrialization, rapid urbanization, infrastructure development, and increasing consumption of acetone and its derivatives in end-user industries will significantly influence acetone market growth in this region.

56% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea are the key markets for acetone in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Acetone Market: Segmentation by End-user

The manufacturing process of polycarbonate requires acetone. Polycarbonate is extensively used in the automotive industry to manufacture various car parts, including sunroofs and windows and taillights, headlamps, and bullet-proof glass. Acetone is the key intermediate for MMA or polymethyl methacrylate (PMMA). PMMA is also used in the automotive industry for exterior car coating and auto-glazing. As a result, the acetone market will register significant growth in the industrial sector.

Market growth in this segment will be faster than the growth of the market in the cosmetics and pharmaceutical segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the acetone market size.

Acetone Market: Key Drivers and Trends

Various sectors such as laboratories, elect

The EU acetone market contracted to $476M in 2024, with a decrease of -2.4% against the previous year. Over the period under review, consumption saw a pronounced curtailment. The level of consumption peaked at $732M in 2013; however, from 2014 to 2024, consumption remained at a lower figure.

Electronic Grade Acetone Market Outlook

The global market size for electronic grade acetone was valued at approximately USD 1.2 billion in 2023 and is expected to grow to about USD 2.3 billion by 2032, driven by a compound annual growth rate (CAGR) of 7.2%. This robust growth is primarily fueled by increasing demand in the electronics industry, specifically in the manufacturing of semiconductors and liquid crystal displays (LCDs). As technological advancements continue and the demand for high-performance electronic devices rises, the electronic grade acetone market is poised for significant expansion.

One of the primary growth factors for this market is the escalating demand for high-quality semiconductors. Semiconductors are foundational to a wide array of modern technologies, including smartphones, computers, and advanced automotive systems. The purity levels required for the manufacturing of such components are extremely high, making electronic grade acetone a critical chemical in this process. Additionally, the adoption of more sophisticated electronics in consumer devices and industrial applications is further propelling this demand.

Another critical growth factor is the rise in the production of LCDs and other display technologies. As consumers and businesses increasingly adopt high-definition displays for televisions, smartphones, tablets, and computer monitors, the need for high-purity chemicals like electronic grade acetone continues to surge. This compound is essential in the cleaning and preparation stages of LCD manufacturing, ensuring that the displays are free from any contaminants that could compromise their performance and longevity.

The photovoltaic industry also contributes significantly to the growth of the electronic grade acetone market. As global efforts to transition to renewable energy sources intensify, the production of photovoltaic cells has seen a corresponding rise. Electronic grade acetone is used in the cleaning and processing of these cells, ensuring their efficiency and reliability. The increasing installations of solar panels and the investment in solar energy projects worldwide provide a robust market for electronic grade acetone.

From a regional perspective, Asia Pacific is expected to dominate this market, driven by the presence of major electronics manufacturing hubs in countries like China, Japan, and South Korea. These countries are home to some of the largest semiconductor and display manufacturers in the world, which directly translates to higher consumption of electronic grade acetone. Additionally, favorable government policies and investments in the electronics sector further bolster this region's market growth.

Purity Level Analysis

The electronic grade acetone market is segmented by purity levels into 99.5%, 99.9%, and others. The 99.9% purity segment is anticipated to hold the largest market share throughout the forecast period. This is due to the stringent purity requirements in semiconductor and LCD manufacturing, where even minute impurities can significantly affect the quality and performance of the finished products. The demand for 99.9% pure acetone is especially high in advanced semiconductor fabrication processes and high-resolution display manufacturing.

The 99.5% purity segment also plays a crucial role, particularly in applications where the highest level of purity is not as critical. This includes certain cleaning and preparation processes in electronics manufacturing, where slightly lower purity levels can still meet the necessary performance standards. The cost-effectiveness of 99.5% pure acetone makes it a viable option for many manufacturers looking to balance quality and cost.

Other purity levels of electronic grade acetone are used in less demanding applications within the electronics industry. These variants are typically utilized in initial cleaning stages or in processes where slight impurities do not significantly impact the final product. The flexibility in purity levels allows manufacturers to choose the most appropriate grade of acetone for their specific needs, optimizing both cost and performance.

The increasing focus on achieving higher yields and reducing defect rates in semiconductor manufacturing is driving the demand for higher purity levels of electronic grade acetone. Manufacturers are continually investing in advanced purification technologies to meet these stringent requirements, further solidifying the demand for 99.9% pure acetone. This trend is expected to continue as the complexity of elect

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 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.

Acetone Market size is expected to be worth around USD 8.3 Billion by 2032 from USD 5 Billion in 2022, growing at a CAGR of 5.30%

The Indian acetone market rose rapidly to $220M in 2024, increasing by 9.5% against the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Acetone consumption peaked in 2024 and is expected to retain growth in the immediate term.

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.