Global Acetone Market Segments 2024, Forecast To 2033
5 Mar, 2024
The acetone market has experienced strong growth, increasing from $5.13 billion in 2023 to $5.5 billion in 2024, with a CAGR of 7.1%. Growth drivers include chemical manufacturing demand, solvent and paint industry, plastics and resin production, pharmaceutical and cosmetic applications, and expanding chemical and petrochemical industries. The market is expected to see strong growth, reaching $7.19 billion in 2028, with a CAGR of 6.9%. Key drivers include expanding use in solvents and coatings, demand from plastics and resins sector, rise in pharmaceutical and cosmetic applications, expanding use in industrial cleaning products, and global economic expansion, accompanied by major trends like consumer preferences and industry adoption.
Global Acetone Market Key Driver
The acetone market witnesses growth due to increased demand for personal care products. Acetone, a key compound in personal care products, experiences demand surges. Circana, Inc. reports a 15% rise in US prestige beauty product sales in the first half of 2023. This increased demand for personal care products propels the growth of the acetone market.
Get A Free Sample Of The Global Acetone Market ReportGlobal Acetone Market Segments
The acetone market covered in this report is segmented –
1) By Grade: Specialty Grade Acetone, Technical Grade Acetone
2) By Distribution Channel: Manufacturer to Distributor, Manufacturer to End-User
3) By Application: Bisphenol A, Methyl Methacrylate (MMA), Solvents, Methyl Isobutyl Ketone, Other Applications,
4) By End-User: Paints, Coatings, and Adhesives, Electronics, Cosmetics and Personal Care, Pharmaceutical, Other End-user
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacific was the largest region in the acetone market in 2023 and is expected to be the fastest-growing region in the forecast period. The regions covered in the acetone market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Acetone Industry Players
INEOS Phenol GmbH; Royal Dutch Shell plc; Honeywell International Inc.; Prasol Chemicals Limited; Mitsui Chemicals Inc.; Kumho P&B Chemicals Inc.; Saudi Basic Industries Corporation.; LyondellBasell Industries Holdings B.V.; ALTIVIA Chemicals LLC; Domo Chemicals GmbH; Formosa Chemicals & Fibre Corp; Borealis AG; Reliance Industries Limited; CEPSA Quimica S.A; Arkema S.A.; Celanese Corporation; The Dow Chemical Company; LG Chem Ltd.; Deepak Nitrite Limited; PTT Global Chemical Public Company Limited; China National Petroleum Corporation; Jubilant Life Sciences Ltd.; Dairen Chemical Corporation; Chevron Phillips Chemical Company LLC; Versalis S.p.A.; Daicel Corporation; JX Nippon Oil & Energy Corporation; PetroChina Company Limited; Lihuayi Group Co. Ltd.; SunVic Chemical Holdings Limited; A.B. Enterprises; Wuhan Youji Industries Co. Ltd.; Tangshan Lory Industry Co. Ltd.; Aadi Industries Ltd.; Qenos Pty Ltd.; Rain Carbon Inc.
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AIOps Acetone Market Overview
Acetone is a colorless liquid solvent with a distinct odor and taste that can be used to break down and dissolve with other compounds. It is utilized as a solvent in the production of plastics and other industrial and cosmetics products.
Acetone Global Market Report 2023 provides data on the global acetone market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The acetone market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.