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).

In Q1 2025, the Acetone market in North America displayed a largely stable to slightly bullish price trend, underpinned by a complex mix of supply chain challenges, modest demand recovery, and shifting trade dynamics.

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

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.

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.

Learn about the factors that influence the price of acetone, a versatile solvent used in various industries, and how businesses can stay informed about price trends to make informed decisions about production and sourcing.

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 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.

¿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 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 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.

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.

The Acetone market, valued at approximately $X million in 2025 (assuming a reasonable market size based on similar chemical markets and the provided CAGR), is projected to experience robust growth with a Compound Annual Growth Rate (CAGR) exceeding 3.00% from 2025 to 2033. This expansion is fueled by several key drivers, including the increasing demand from the solvents industry, particularly in the coatings and adhesives sectors. The growing use of acetone in the production of methyl methacrylate (MMA), a crucial component in plastics and other materials, further contributes to market growth. Furthermore, advancements in production technologies leading to improved efficiency and reduced costs are positively impacting market dynamics. However, fluctuating raw material prices and environmental concerns related to acetone production and usage represent significant restraints. The market is segmented by application (solvents, MMA production, etc.) and geography, with regions like North America and Asia-Pacific expected to dominate due to robust industrial activity and manufacturing capacity. Major players such as Altivia, BASF SE, Borealis AG, and others are actively competing through innovation, capacity expansion, and strategic partnerships. The market's future trajectory is largely dependent on the global economic outlook, technological advancements in sustainable acetone production, and evolving regulatory landscapes concerning chemical usage and emissions. The competitive landscape is characterized by the presence of both large multinational corporations and regional players. These companies employ various strategies to maintain market share, including mergers and acquisitions, product diversification, and geographical expansion. The emergence of biodegradable and sustainable alternatives to acetone presents both a challenge and an opportunity for market participants. Companies focusing on research and development in this area are likely to gain a competitive edge. The forecast period of 2025-2033 presents a promising outlook for the acetone market, but companies need to adapt to evolving consumer demands and stringent environmental regulations to ensure sustained growth and profitability. Future market analysis should consider the impact of potential disruptions, such as geopolitical instability and unexpected supply chain challenges. Recent developments include: In July 2022: LG Chem announced that it would export 1,200 tons of acetone and 4,000 tons of phenol. According to the company, this is South Korea's largest shipment of products with the ISCC PLUS certification., In March 2021: Honeywell announced that Lotte GS Chemical Corp. would use Honeywell UOP Q-Max, Phenol 3G, and Evonik MSHP technologies to produce more than 565,000 metric tons per annum of phenol and acetone at its petrochemical facility in Yeosu, South Korea.. Key drivers for this market are: Growing Usage in the Production of Personal Care and Household Products, Growing Electronics Industry in Asia-Pacific; Increasing Demand for Polycarbonate Products. Potential restraints include: Growing Usage in the Production of Personal Care and Household Products, Growing Electronics Industry in Asia-Pacific; Increasing Demand for Polycarbonate Products. Notable trends are: Methyl Methacrylate (MMA) Applications to Witness Higher Potential Growth.

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 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.

The Brazil Acetone market demand reached nearly 105 thousand tonnes in 2023 and is expected to flourish at a CAGR of 3.64% during the forecast period until 2034.

Phenol & Acetone Market Outlook

The global phenol & acetone market is witnessing significant growth, with the market size valued at approximately USD 20 billion in 2023 and anticipated to reach around USD 28 billion by 2032, growing at a compound annual growth rate (CAGR) of 3.8%. This upward trend is driven by the increasing demand from various end-use industries such as automotive, electronics, and pharmaceuticals, which leverage phenol and acetone in their production processes. The robust growth factor is primarily fueled by the surging demands in developing regions where industrialization and urbanization continue to expand at a rapid pace, introducing new applications and uses for these essential chemicals.

One major growth factor is the burgeoning demand for Bisphenol A (BPA), a derivative of phenol, which is extensively used in the production of polycarbonate plastics and epoxy resins. These materials find widespread applications in the automotive and electronics sectors due to their durability and robustness. With the increasing production of electronics and automobiles globally, particularly in emerging economies, the demand for BPA is expected to continue driving the market. Moreover, technological advancements in manufacturing processes are enabling more efficient and cost-effective production of phenol and acetone, further propelling market growth.

Another significant contributor to the market's growth is the increasing utilization of phenolic resins. These resins are vital in the production of laminates and coatings, which are essential in the construction, automotive, and electronics sectors. The resilience and water resistance offered by phenolic resins make them an ideal choice for a variety of applications, supporting the market's expansion. Additionally, there is a growing trend towards the development of eco-friendly and sustainable products, and phenolic resins are being adapted to meet these environmentally conscious demands, thereby expanding their market potential.

Furthermore, the pharmaceutical industry's demand for acetone, particularly as a solvent in drug formulation processes, is another factor contributing to market growth. With the ongoing research and development activities in pharmaceuticals aimed at producing new and improved medications, the demand for acetone in this sector is poised to rise. As healthcare needs escalate worldwide, driven by an aging population and the rise of chronic diseases, the pharmaceutical industry's growth will consequently bolster the phenol & acetone market.

In terms of regional outlook, Asia Pacific dominates the phenol & acetone market, driven by the substantial industrial activities in China and India. The region accounts for a significant share of the global market, supported by the growing automotive and electronics sectors. North America and Europe also hold substantial market shares due to advanced industrial bases and high consumption rates in various applications. Conversely, the Middle East & Africa and Latin America regions are expected to witness moderate growth, as these areas are still developing in terms of industrial applications for phenol and acetone.

Derivative Analysis

The derivatives segment of the phenol & acetone market is critical, as it encompasses various products like Bisphenol A, phenolic resins, caprolactam, and methyl methacrylate, each playing a pivotal role in different industrial applications. Bisphenol A (BPA), for instance, is a significant derivative, primarily used in manufacturing polycarbonate plastics and epoxy resins. These materials are integral to many modern industries, including automotive and electronics, due to their strength, transparency, and resistance to heat and impact. The growing demand for lightweight, durable materials in vehicle and electronic device production continues to drive the market for BPA, making it a dominant segment.

Phenolic resins, another crucial derivative, find extensive applications due to their exceptional thermal stability and mechanical strength. These resins are utilized in the production of circuit boards, automotive components, and various construction materials. The increasing demand for durable and heat-resistant materials in the electronics and automotive industries propels the growth of the phenolic resins segment. Additionally, the ongoing shift towards sustainable and environmentally friendly materials has led to innovations in phenolic resin formulations, further broadening their application scope and market appeal.

Caprolactam, us

Learn about the rising demand for acetone worldwide and the projected consumption trend for the next decade. Market performance is expected to slightly increase, with a forecasted CAGR of +1.2% from 2024 to 2035, ultimately reaching a volume of 3M tons and a value of $3.5B by the end of 2035.

In 2022, the market volume of acetone worldwide amounted to nearly **** million metric tons. It is forecast that the market volume of this organic compound will grow to around **** million metric tons worldwide in the year 2030.