Acetone Global Market Report 2026

Acetone is a colorless liquid solvent with a distinctive odor and taste, commonly employed to break down and dissolve various compounds. It finds extensive use as a solvent in the production of plastics, as well as in other industrial and cosmetic products.

The primary types of acetone grades include regular acetone and technical-grade acetone. Specialty-grade acetone represents the purest form, with a composition of 99.9% impurity-free. This high-purity acetone is frequently utilized in medical and pharmaceutical applications. Acetone is employed in diverse applications such as the production of bisphenol A, methyl methacrylate (MMA), solvents, methyl isobutyl ketone, among others. Distribution channels for acetone include manufacturer-to-distributor and manufacturer-to-end-user. The compound is utilized in the formulation of paints, coatings, adhesives, electronics, cosmetics, and personal care products.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are affecting the acetone market by increasing costs of imported feedstocks, chemical intermediates, storage containers, and transportation infrastructure used across solvent production and distribution. Asia-Pacific and North America are most impacted due to large-scale manufacturing and cross-border trade flows, while Europe faces pricing pressure on specialty-grade acetone imports. These tariffs are raising operating costs and tightening margins for producers. However, they are also encouraging regional production expansion, local sourcing of raw materials, and investments in supply chain resilience.

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

The acetone market size has grown steadily in recent years. It will grow from $5.46 billion in 2025 to $5.65 billion in 2026 at a compound annual growth rate (CAGR) of 3.6%. The growth in the historic period can be attributed to expansion of petrochemical manufacturing capacity, growth of plastics and resins production, rising demand from paints and coatings industry, increased usage in laboratory and industrial solvents, availability of cost-effective production processes.

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.

The increased demand for personal care products is expected to drive the growth of the acetone market in the coming years. Personal care products include consumer goods used for hygiene, grooming, and beautification, such as nail polish removers, skincare items, and hair care products. Acetone is a key chemical extensively used in these formulations, so rising consumption directly increases the demand for acetone. Growth in personal care products is fueled by changing consumer preferences, greater beauty awareness, and wider product availability across retail channels. For example, 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, a 15% increase compared to the same period in 2022, while the mass beauty segment generated $28 billion, recording 9% growth. Hence, the growing demand for personal care products is supporting the expansion of the acetone market.

Major players in the acetone market are investing in new production facilities to expand their presence and strengthen their market position. These investments aim to enhance 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 its Sinopec Mitsui Chemicals phenol plant in Shanghai. The acetone and phenol produced at the plant will serve as raw materials for synthesizing bisphenol A (BPA), which is used in producing polycarbonate, a thermoplastic applied across various industries.

In April 2023, INEOS Phenol, a manufacturing company based in Germany, acquired Mitsui Phenol Singapore Co. Ltd. for $330 million. This acquisition enhances INEOS' portfolio by adding phenol and bisphenol A assets in Jurong, creating a significant opportunity for integration with its production facilities in Germany, Belgium, and the United States. With this entry into the Asian market, INEOS Phenol is well-positioned to support the future growth plans of its global customers while also expanding into new markets and fostering customer relationships related to bisphenol A (BPA), a new product for the company. Mitsui Phenol Singapore Co. Ltd. is a manufacturer of acetone based in the United States.

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

Asia-Pacific was the largest region in the acetone market in 2025 and is expected to be the fastest-growing region in the forecast period. The regions covered in the acetone market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the acetone market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

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.

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.

Acetone Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses acetone market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for acetone ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The acetone market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered: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
• Subsegments:
• 1) By Specialty Grade Acetone: Electronics Grade Acetone; Pharmaceutical Grade Acetone; Cosmetic Grade Acetone
• 2) By Technical Grade Acetone: Industrial Grade Acetone; Laboratory Grade Acetone
• Companies Mentioned: 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
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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