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).

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.

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.

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.

In February 2025, the average acetone export price amounted to $1,057 per ton, which is down by -19.6% against the previous month.

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.

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.

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.

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 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.

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

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.

According to PRODCOM estimates, which are official statistics on the production of manufactured goods in the European Union, the sales value of acetone in the UK was ******* British pounds in 2022. This was the lowest value recorded since 2010, when the sales value was *** million British pounds. Acetone is an organic solvent that is used for various purposes, such as cleaning, degreasing, nail polish remover, and chemical synthesis.

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.

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, 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 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 global acetone reagent market is experiencing robust growth, driven by its extensive applications across diverse industries. While precise market size figures for 2025 are unavailable, a reasonable estimate, considering typical growth rates in the chemical reagent sector and the established market presence of acetone, would place the market value at approximately $2.5 billion USD in 2025. This substantial market is projected to expand at a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033, reaching an estimated value exceeding $3.5 billion by 2033. Key drivers fueling this growth include the increasing demand for acetone in various chemical syntheses, its use as a solvent in numerous industrial processes, and its role as a vital reagent in pharmaceutical manufacturing and research. Furthermore, the rising adoption of advanced analytical techniques and the growing emphasis on environmentally friendly manufacturing processes are expected to positively influence market expansion. However, potential restraints include fluctuations in raw material prices and stringent environmental regulations surrounding its production and disposal. The market is segmented based on various factors such as grade (analytical, industrial, etc.), application (solvent, reagent, etc.), and geographic region. Major players like Sigma-Aldrich, Thermo Fisher Scientific, and other established chemical companies dominate the landscape, competing based on product quality, pricing, and customer service. The geographical distribution of the market is likely skewed towards developed regions like North America and Europe, driven by established industries and robust research infrastructure. However, emerging economies in Asia-Pacific are expected to witness significant growth due to increasing industrialization and rising demand for chemical reagents. Future growth will likely be influenced by technological advancements, evolving regulatory frameworks, and shifts in manufacturing practices across various sectors. Continuous innovation in synthesis methodologies and improved product specifications will likely determine the competitive landscape and future trajectory of the acetone reagent market.

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.

Renewable Bio-Acetone Market Outlook

According to our latest research, the global renewable bio-acetone market size reached USD 1.42 billion in 2024, reflecting robust momentum driven by increasing demand for sustainable chemicals and green solvents. The market is expected to grow at a CAGR of 8.7% from 2025 to 2033, projecting a value of USD 2.92 billion by 2033. This strong growth trajectory is fueled by stringent environmental regulations, rising consumer preference for eco-friendly products, and significant advancements in bio-based chemical production technologies. As per our latest research, the renewable bio-acetone market is witnessing a paradigm shift as industries pivot toward low-carbon alternatives, positioning bio-acetone as a key player in the global transition to a circular and sustainable economy.

One of the primary growth factors for the renewable bio-acetone market is the increasing emphasis on reducing carbon emissions and reliance on fossil-based chemicals. Regulatory bodies across North America, Europe, and Asia Pacific are implementing stricter guidelines to limit the use of petroleum-derived solvents and chemicals, which has accelerated the adoption of renewable alternatives such as bio-acetone. The versatility of bio-acetone, derived from renewable sources like biomass, sugarcane, and corn, makes it an attractive option for manufacturers seeking to comply with these evolving regulations. Additionally, the growing awareness among end-users regarding the environmental impact of traditional acetone is pushing industries to invest in greener, bio-based options, further propelling market expansion.

Another significant driver is the rapid technological advancements in fermentation and bioprocessing techniques, which have enhanced the yield, purity, and cost-effectiveness of renewable bio-acetone production. Innovations in feedstock optimization, enzyme engineering, and downstream processing have enabled large-scale production at competitive prices, bridging the cost gap with conventional acetone. These technological improvements have not only improved the commercial viability of bio-acetone but have also expanded its application scope across various industries, including pharmaceuticals, cosmetics, paints and coatings, and chemicals. As a result, the market is experiencing increased investments from both established chemical manufacturers and new entrants focused on sustainable solutions.

The growing demand for bio-based solvents in the cosmetics, pharmaceuticals, and food and beverage industries is another crucial factor fueling the renewable bio-acetone market. As consumers become more conscious of product ingredients and their environmental footprint, brands are increasingly positioning themselves as eco-friendly by incorporating renewable chemicals into their formulations. This shift in consumer behavior is compelling manufacturers to adopt bio-acetone in their production processes, thereby expanding its market share. Furthermore, the increasing use of bio-acetone as a green solvent in paints, coatings, and adhesives is expected to drive substantial growth over the forecast period, as industries strive to meet both regulatory requirements and consumer expectations for sustainability.

From a regional perspective, Asia Pacific is emerging as a dominant force in the renewable bio-acetone market, driven by the region’s vast agricultural resources, supportive government policies, and rapidly expanding industrial base. North America and Europe are also significant contributors, benefitting from strong regulatory frameworks, advanced technological infrastructure, and a mature end-user industry landscape. Latin America and the Middle East & Africa, while currently accounting for a smaller market share, are anticipated to witness accelerated growth due to increasing investments in bio-based chemical production and rising awareness about sustainable practices. Overall, the global renewable bio-acetone market is poised for robust expansion, underpinned by a confluence of regulatory, technological, and consumer-driven factors.