Acetone Market Report 2026

Acetone Market Overview

• Acetone market size has reached to $5.46 billion in 2025 • Expected to grow to $6.6 billion in 2030 at a compound annual growth rate (CAGR) of 4% • Growth Driver: Surging Demand For Personal Care Products Ignites Acetone Market Growth • Market Trend: Acetone Market Leaders Invest In New Production Plants For Growth • Asia-Pacific was the largest region and fastest growing region.

What Is Covered Under Acetone Market?

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. The main types of acetones grade are acetone, technical grade acetone. Specialty-grade acetone is the purest form of acetone, which is 99.9% impurity-free. Specialty-grade acetone is commonly used in medical and pharmaceutical applications. It is used in various applications such as bisphenol A, methyl methacrylate (MMA), solvents, methyl isobutyl ketone and others, and distributed through various channels including manufacturer to distributor, and manufacturer to end-user. These are used in paints, coatings, adhesives, electronics, cosmetics and personal cars.

What Is The Acetone Market Growth Forecast?

The acetone market size is expected to see steady growth in the next few years. It will grow to $6.6 billion in 2030 at a compound annual growth rate (CAGR) of 4.0%. The growth in the forecast period can be attributed to growing demand for lightweight plastics, rising consumption in pharmaceutical formulations, expansion of electronics-grade solvent usage, increasing investments in sustainable chemical production, growing demand from emerging manufacturing economies. Major trends in the forecast period include increasing use of acetone in specialty plastics production, rising demand for high-purity solvents, growing application in cosmetics and personal care, expansion of mma and bpa production chains, enhanced focus on process safety and handling standards.

What Is The Driver Of The Acetone Market?

The increased demand for personal care products is expected to propel the growth of the acetone market going forward. Personal care products refer to consumer goods used for hygiene, grooming, and beautification, and they commonly include formulations such as nail polish removers, skincare items, and hair care products. Acetone is a key chemical compound extensively used in these personal care formulations, and therefore rising consumption directly boosts the need for acetone. The growth in demand for personal care products is driven by shifting consumer preferences, enhanced beauty awareness, and expanding product availability across retail channels. For instance, in August 2023, according to Circana, Inc., a US-based media company, sales of prestige beauty products in the United States reached $14 billion in the first half of 2023, reflecting a 15% increase compared to the same period in 2022, while the mass beauty segment generated $28 billion and recorded 9% growth. Therefore, the increased demand for personal care products is driving the growth of the acetone industry.

Key Players In The Global Acetone Market

Major companies operating in the acetone market are 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, 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, 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

Global Acetone Market Trends and Insights

Major companies operating in the acetone market are focused on investing in the new production plants to expand their footprints and strengthen their position in the market. The company's investments aim to aid in the expansion of its own company and have the potential to improve production capabilities and implement innovations. For instance, in November 2023, Shanghai Sinopec Mitsui Chemicals Co. Ltd., a China-based chemical company, announced the resumption of production at China’s Sinopec Mitsui Chemicals phenol plant in Shanghai. The acetone and phenol produced at the plant will be used as raw materials for synthesizing bisphenol A (BPA) and would be used in the production of polycarbonate, which is used as thermoplastic in various industries.

What Are Latest Mergers And Acquisitions In The Acetone Market?

In April 2023, INEOS Phenol, a Germany-based manufacturing company, acquired Mitsui Phenol Singapore Co. Ltd. for a deal of $330 million. This acquisition increase the phenol and bisphenol A assets in Jurong aligns seamlessly with INEOS' existing asset portfolio, offering a significant integration opportunity with its production bases in Germany, Belgium, and the United States. Mitsui Phenol Singapore Co. Ltd. is a US-based manufacturer of acetone.

What Defines the Acetone Market?

The acetone market consists of sales of reagent grade, spectrophotometric grade, HPLC grade, histological grade, laboratory grade, cleanroom grade, and FCC grade acetone. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Acetone Market Report 2026?

The acetone market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the acetone industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.