Market Overview

The Global Acetone Market was valued at USD 6,156.5 million in 2023 and is expected to reach USD 11,062.0 million by 2031 while growing at a CAGR of 7.6% during the forecast period (2024-2031). 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global acetone market growth. Acetone is a colorless, volatile liquid with a distinct sweet smell. It is a ketone and is one of the simplest and most commonly used organic solvents. The chemical formula for acetone is C₃H₆O, and its molecular structure consists of three carbon atoms, six hydrogen atoms, and one oxygen atom.

Production of chemicals such as bisphenol A (BPA), methyl methacrylate (MMA), and solvent applications fuels the acetone market, driven by economic growth and stability. Despite this, challenges like environmental concerns, regulations, and fluctuating raw material prices may impede its expansion.

Furthermore, the global acetone industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Application Analysis

The Global Acetone Market is segmented among Methyl Methacrylate (MMA), Bisphenol A (BPA), Solvents, Methyl Isobutyl Ketone, and Other Applications, based on Application. In 2023, Solvents accounted for the majority of the market share*. 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By End-user Industry Analysis

The Global Acetone Market is segmented among Cosmetics and Personal Care, Electronics, Automotive, Pharmaceutical, Paints, Coatings, and Adhesives, Textile Industry, and Other End-User Industries, based on End-user Industry. In 2023, Cosmetics and Personal Care accounted for the majority of the market share*. 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Acetone Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while Europe is expected to grow with the highest CAGR during the forecast period (2024 – 2031). 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Altivia, BASF SE, Borealis AG, Cepsa, Formosa Chemicals and Fibre Corporation, Honeywell International Inc., INEOS, Kumho P&B Chemicals Inc., LCY GROUP, and Mitsui Chemicals Inc.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Acetone Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Acetone Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Acetone Market Segmentation, By Application 

• Global Acetone Market Share Analysis, By Application 

• Global Acetone Market Growth Analysis, By Application 

• Global Acetone Market Trends, By Application 

o Methyl Methacrylate (MMA)

o Bisphenol A (BPA

o Solvents

o Methyl Isobutyl Ketone

o Other Applications (Chemical Intermediates)

6. Global Acetone Market Segmentation, By End-user Industry

• Global Acetone Market Share Analysis, By End-user Industry

• Global Acetone Market Growth Analysis, By End-user Industry

• Global Acetone Market Trends, By End-user Industry

o Cosmetics and Personal Care

o Electronics

o Automotive

o Pharmaceutical

o Paints

o Coatings

o Adhesives

o Textile Industry

o Other End-User Industries (Plastics)

7. Global Acetone Market Segmentation, By Region

• Global Acetone Market Share Analysis, By Region

• Global Acetone Market Growth Analysis, By Region

• Global Acetone Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Altivia*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• BASF SE

• Borealis AG

• Cepsa

• Formosa Chemicals and Fibre Corporation

• Honeywell International Inc.

• INEOS

• Kumho P&B Chemicals Inc.

• LCY GROUP

• Mitsui Chemicals Inc.

 *Similar analysis will be provided for each company listed above.