Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
Related Topics
Sleep Apnea Devices Market Size Arc-based Plasma Lighting Market Size Wires and Cables Market Size Antiarrhythmic Drugs Market SizeGlobal Acetone Market Size to Exceed USD 12.55 Billion by 2033
According to a research report published by Spherical Insights & Consulting, The Global Acetone Market Size Expected to Grow from USD 6.35 Billion in 2023 to USD 12.55 Billion by 2033, at a CAGR of 7.05% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Acetone Market Size, Share, and COVID-19 Impact Analysis, By Application (Methyl Methacrylate, Bisphenol A, Solvents, Powder, Others), By End-User (Plastic, Chemical, Pharmaceutical, Cosmetics & Personal Care, Paint & Coatings, Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033
The acetone market is the global industry involved in the production, distribution, and consumption of acetone; a colourless, flammable solvent widely used in various industrial applications. Acetone is mainly used in the production of chemicals, such as methyl methacrylate (MMA) and bisphenol A (BPA), and as a solvent in pharmaceuticals, cosmetics, paints, and coatings. Moreover, demand in the pharmaceuticals, cosmetics, and paints & coatings industries drives the acetone market as acetone is used as a solvent and raw material for production. Increasing usage in the automotive and electronics industries for cleaning and degreasing further fuels market growth. Furthermore, increasing industrialization, the growing demand for chemical intermediates such as MMA and BPA, and the increased production of personal care products drive the acetone market forward. Also, opportunities in the acetone market are expanding applications in bio-based acetone production and growing demand for green solvents. Trends are toward sustainable manufacturing processes, growing usage in electric vehicle component production, and solvent recovery technology innovation. However, market constraints include raw material price fluctuations, environmental concerns over the production of acetone, and strict regulations on solvent emissions. Alternative solvents and fluctuating demand in key industries also pose a constraint to growth.
The methyl methacrylate segment accounted for the greatest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
On the basis of the application, the global acetone market is divided into methyl methacrylate, bisphenol A, solvents, powder, and others. Among these, the methyl methacrylate segment accounted for the greatest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. MMA is one of the most important derivatives of acetone, which is used in the manufacture of acrylic sheets, paints, and coatings. The increasing demand for durable, high-quality materials in the construction, automotive, and electronics industries is a major factor driving the major growth potential of the MMA segment, which is a major reason for its market dominance.
The pharmaceutical segment accounted for the fastest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
On the basis of the end-user, the global acetone market is divided into plastic, chemical, pharmaceutical, cosmetics & personal care, paint & coatings, and others. Among these, the pharmaceutical segment accounted for the fastest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This growth is driven by the use of acetone as a solvent in drug formulation and as a cleaning agent in pharmaceutical manufacturing. In addition, the increasing global healthcare demands, advancement in drug development, and the growing need for high-quality pharmaceutical products contribute to the expanding role of acetone in this sector.
Asia Pacific is projected to hold the largest share of the global acetone market over the forecast period.
Asia Pacific is projected to hold the largest share of the global acetone market over the forecast period. This is because of the strong manufacturing base in this region, particularly in countries such as China and India, which are highly in demand for acetone in chemical, pharmaceutical, and paints & coatings industries. The rapid industrialization, expanding automotive sector, and growing pharmaceutical and cosmetic markets in the region are the reasons behind the dominance of Asia-Pacific.
North America is expected to grow at the fastest CAGR growth of the global acetone market during the forecast period. The demand for acetone is on the rise, mainly due to increasing demand from the chemical, pharmaceutical, and paints & coatings industries. The rising adoption of acetone in specialty chemicals and pharmaceutical production, expansion of the automotive and construction sectors, and innovations in sustainable production processes further fuel the growth of the market in this region.
Company Profiling
Major vendors in the global acetone market are INEOS, Shell plc, Honeywell International Inc., Mitsui Chemicals, Inc., CEPSA Quimica, S.A., SABIC, Arkema, Solvay, DOMO Chemicals, Kumho P&B Chemicals., and Others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global acetone market based on the below-mentioned segments:
Global Acetone Market, By Application
Global Acetone Market, By End-Use
Global Acetone Market, By Regional
Apr 2025 - The Global Platform as a Service Market Size Expected to Grow from USD 70.2 Billion in 2023 to USD 365.4 Billion by 2033, at a CAGR of 17.64% during the forecast period 2023-2033.
Apr 2025 - The Global Automotive Blind Spot Detection System Market Size is Expected to Grow from USD 3.25 Billion in 2023 to USD 9.10 Billion by 2033, at a CAGR of 10.84 % during the forecast period 2023-2033.
Apr 2025 - The Global Travel and Expense Management Software Market Size is Expected to Grow from USD 3.50 Billion in 2023 to USD 16.90 Billion by 2033, at a CAGR of 17.05% during the forecast period 2023-2033.
We have received your message and would like to thank you for writing to us. If your inquiry is urgent, please use the telephone number listed below to talk to one of our staff members. Otherwise, we will reply by email as soon as possible.
+1 303 800 4326 +91 9561448932 emailsales@sphericalinsights.com
