Acetone Market Driven by Demand in Pharmaceuticals, Coatings, and Cosmetics with Shift Toward Bio‐Based, Sustainable Production & Capacity Expansion Ask ChatGPT

A Report by DataM Intelligence estimates the Global Acetone market to grow at a high CAGR Of 6.55% during the forecast period 2024- 2031.

Acetone Market is positioned for robust growth, and shifting market dynamics reshaping the competitive landscape. DataM Intelligence's new report provides data-driven insights, SWOT analysis, and marketing-ready intelligence for businesses seeking to improve market penetration and campaign ROI.

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Acetone Market Overview & Landscape
The acetone market is experiencing steady growth driven by its widespread use as a solvent in pharmaceuticals, cosmetics, paints & coatings, and adhesives. Rising demand for high‐purity grades in personal care and pharmaceutical applications, coupled with expanding chemical intermediate production, is fueling capacity expansions. Additionally, sustainability initiatives are accelerating the development of bio‐based acetone production routes.

Acetone Market Most Recent Key Developments (as of 2025)
February 2025 - Shell Chemicals commissioned a 150 ktpa acetone unit at its Singapore complex, enhancing regional supply for high‐purity solvent markets.

April 2025 - INEOS expanded its acetone capacity by 20% at the Rafnes plant in Norway, targeting growing demand from European coatings and adhesives producers.

June 2025 - Dow & LanzaTech announced a joint venture to produce bio‐based acetone via carbon capture and fermentation, aiming for commercial-scale output by 2026.

Strategic Players Driving the Acetone Market Forward :

The Dow Chemical Company, INEOS Phenol company, Hindustan Organic Chemicals Limited, U.S. Chemicals, Mitsui Chemicals, Minda, Sunoco, The Plaza Group ALTIVIA Petrochemicals, LLC, and Honeywell Chemicals are prominent players in the global acetone market.

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Segment Covered in the Acetone Market:

By Application - Methyl Methacrylate, Bisphenol A, Solvents, and Others

By End-user Industry - Cosmetics and Personal Care, Electronics, Construction, Automotive, Pharmaceutical, Agricultural Chemicals, Paints, Coatings, and Adhesives

Regional Analysis for Acetone Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Most Frequently Asked Questions in the Acetone Market Research Industry:

✒ What are the primary drivers fueling growth in the Acetone Market today?
✒ Which companies are currently leading innovation and market share in the Acetone Market?
✒ In what ways is the current regulatory environment influencing the Acetone Market's trajectory?
✒ Which geographic regions are forecasted to experience the strongest growth in the Acetone Market-and why?
✒ What are the key barriers or challenges that could limit the growth of the Acetone Market?

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