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.

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.

In 2023, acetone exports from the United States fell to 99K tons, which is down by -8.5% on the previous year.

¿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.

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 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 market value of acetone was approximately 5.73 billion U.S. dollars worldwide in 2022. By 2030, the global market value of this organic compound is expected to grow to around 7.78 billion U.S. dollars.

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.

In 2024, after two years of decline, there was significant growth in the EU acetone market, when its value increased by 20% to $699M. Over the period under review, consumption, however, saw a slight descent. As a result, consumption attained the peak level of $918M. From 2022 to 2024, the growth of the market remained at a lower figure.

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.

The global acetone market, valued at $1146.8 million in 2025, is poised for significant growth over the forecast period (2025-2033). While a precise CAGR isn't provided, considering the robust demand driven by key applications like solvents in coatings and adhesives, methyl methacrylate (MMA) production, and bisphenol A (BPA) manufacturing, a conservative estimate of a 4-5% CAGR seems plausible. This growth is fueled by increasing industrialization, particularly in developing economies, and the rising demand for consumer goods requiring acetone-based materials. Major players like INEOS Phenol, Mitsui Chemicals, and Shell are strategically positioned to capitalize on this expanding market, with ongoing investments in capacity expansion and technological advancements. However, the market faces challenges such as fluctuating crude oil prices (a key raw material) and growing environmental concerns related to acetone's volatile organic compound (VOC) nature, necessitating the development of sustainable production methods and stricter regulatory compliance. Segmentation analysis, while not explicitly provided, would likely reveal variations in growth rates across regions and applications, with certain geographical areas and specific industry segments potentially exhibiting higher growth trajectories due to factors like local policy support, economic development, or evolving consumer preferences. The competitive landscape is characterized by a mix of large multinational corporations and regional players. The presence of established industry giants ensures a degree of market stability, while the participation of smaller companies indicates opportunities for innovation and niche market penetration. Future market success will depend on factors such as technological innovation leading to more efficient and sustainable production, successful diversification into high-growth application segments, and effective strategies for navigating fluctuating raw material costs and environmental regulations. A thorough regional analysis would likely highlight variations in market dynamics, driven by differences in industrial development levels, governmental policies, and consumer demand patterns. Market participants will need to adapt their strategies to address these regional nuances to fully capture market opportunities.

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.

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

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.

Renewable Bio-Acetone Market Outlook

According to our latest research, the global renewable bio-acetone market size reached USD 658 million in 2024, driven by increasing demand for sustainable chemical solutions and stringent regulations on fossil-based solvents. The market is experiencing robust expansion, with a CAGR of 8.1% projected from 2025 to 2033. By the end of 2033, the renewable bio-acetone market is forecasted to attain a value of USD 1.28 billion, reflecting the sector’s dynamic growth trajectory. As per our latest research, this expansion is underpinned by escalating environmental concerns, a shift towards circular economies, and strong uptake across pharmaceuticals, cosmetics, and industrial manufacturing sectors.

The primary growth driver for the renewable bio-acetone market is the global push towards sustainability and the reduction of carbon footprints in the chemical industry. Industries are increasingly opting for bio-based acetone, which is derived from renewable sources such as biomass, sugarcane, and corn, instead of traditional petrochemical routes. This shift is motivated by both regulatory mandates and corporate sustainability goals. As environmental regulations tighten, especially in Europe and North America, manufacturers are compelled to transition to greener alternatives. Furthermore, end-use industries such as pharmaceuticals and cosmetics are under pressure from consumers and advocacy groups to adopt eco-friendly ingredients, which has directly fueled the demand for renewable bio-acetone. The market is also benefiting from advancements in biotechnological processes that have made the production of bio-acetone more cost-effective and scalable, further accelerating market adoption.

Another significant factor propelling the renewable bio-acetone market is the increasing investment in research and development by both public and private sectors. Governments in regions such as the European Union and North America are providing grants and incentives to promote the production and application of bio-based chemicals. This has led to the emergence of innovative fermentation and bioprocessing technologies that enhance yield, reduce waste, and lower production costs. Major chemical companies are forming strategic partnerships with biotechnology firms to leverage these advancements, ensuring a steady supply of high-quality renewable bio-acetone. Additionally, the growing awareness among end-users regarding the environmental and health benefits of bio-acetone, such as lower toxicity and reduced emissions, is creating new growth avenues. The market is also witnessing a surge in demand from the paints and coatings sector, where bio-acetone is valued for its solvent properties and minimal environmental impact.

The renewable bio-acetone market is also being shaped by the global trend towards circular economy models, where waste materials are converted into valuable products. Companies are increasingly utilizing agricultural residues and other non-food biomass as feedstocks for bio-acetone production, thereby addressing both sustainability and resource efficiency. This approach not only reduces dependency on fossil fuels but also provides a lucrative avenue for waste valorization. The integration of renewable bio-acetone into existing value chains is further supported by regulatory frameworks that favor bio-based content and low-carbon products. As industries continue to align their operations with global climate goals, the demand for renewable bio-acetone is expected to remain on an upward trajectory. However, market players must continuously innovate to overcome challenges related to feedstock availability, production scalability, and cost competitiveness.

Regionally, the renewable bio-acetone market is witnessing varied growth patterns, with Europe and North America leading in terms of adoption and innovation. Europe, in particular, is at the forefront due to stringent environmental regulations and substantial investments in bio-based industries. North America follows closely, supported by a strong presence of chemical manufacturers and favorable government policies. The Asia Pacific region is emerging as a high-growth market, driven by rapid industrialization, increasing environmental awareness, and supportive government initiatives in countries like China, India, and Japan. Latin America and the Middle East & Africa are gradually catching up, with growing investments in renewable chemicals and expanding end-use industries. Overall, the regional outlook for the renewable bio-acetone market remains op

Explore the factors affecting acetone pricing, including supply-demand dynamics, raw material costs, geopolitical factors, environmental regulations, and exchange rates, underscoring the chemical's importance in various industries.

70 Global import shipment records of Acetone with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.

Renewable Acetone Market Outlook

According to our latest research, the Global Renewable Acetone market size was valued at $348 million in 2024 and is projected to reach $1.09 billion by 2033, expanding at a CAGR of 13.8% during 2024–2033. The primary driver for this robust growth is the increasing demand for sustainable and eco-friendly chemicals across major industries such as pharmaceuticals, cosmetics, and plastics. As environmental regulations grow stricter and consumer preferences shift towards greener alternatives, renewable acetone, produced from biomass and other bio-based feedstocks, is rapidly gaining traction as a viable substitute for its petroleum-derived counterpart. This shift is further accelerated by advancements in biotechnology and process optimization, which are making renewable acetone production more cost-competitive and scalable, thus bolstering its adoption globally.

Regional Outlook

Europe currently dominates the Renewable Acetone market, accounting for the largest share of global revenue. This leadership is attributed to the region’s mature chemical industry, strong policy support for bio-based products, and stringent environmental regulations that incentivize the adoption of renewable chemicals. The European Union’s Green Deal and its ambitious carbon neutrality targets have spurred significant investments in renewable chemical manufacturing, including acetone. Furthermore, the presence of leading market players and advanced research institutions fosters innovation and accelerates commercialization. The market in Europe is further buoyed by a highly aware consumer base, robust infrastructure for bio-based feedstock supply, and established end-use industries such as pharmaceuticals and cosmetics, which are early adopters of sustainable solutions.

Asia Pacific is emerging as the fastest-growing region in the Renewable Acetone market, projected to witness a CAGR of 16.2% during 2024–2033. The region’s growth is propelled by rapid industrialization, increasing investments in green chemistry, and expanding manufacturing bases in countries like China, India, and Japan. Governments across the region are actively promoting renewable chemicals through favorable policies, subsidies, and R&D grants. The burgeoning middle class and rising awareness about environmental sustainability are driving demand for eco-friendly products in the pharmaceuticals, cosmetics, and plastics sectors. Additionally, Asia Pacific benefits from abundant biomass resources, enabling cost-effective production of renewable acetone. Strategic collaborations between local manufacturers and global chemical giants are further accelerating technology transfer and market penetration.

In contrast, emerging economies in Latin America and the Middle East & Africa are experiencing gradual adoption of renewable acetone due to unique challenges such as limited infrastructure, regulatory uncertainties, and fragmented supply chains. However, these regions hold significant untapped potential, primarily driven by increasing foreign direct investments and growing local demand for sustainable chemicals. Policy reforms aimed at reducing carbon footprints, coupled with ongoing efforts to diversify economies beyond oil and gas, are gradually fostering a conducive environment for renewable acetone market growth. Nevertheless, the pace of adoption remains slower compared to developed regions due to price sensitivity, lack of awareness, and limited access to advanced technologies.

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605 Global export shipment records of Chemical Acetone with prices, volume & current Buyer's suppliers relationships based on actual Global export trade database.