Press release
Global Acetone Market rising at 6.58% CAGR by 2031, Solvents Hold the Largest Share | Says Mordor Intelligence
Acetone Demand is supported by increasing consumption of acrylic products, polycarbonate materials, and pharmaceutical ingredients. The global Acetone market size [https://www.mordorintelligence.com/industry-reports/acetone-market?utm_source=abnewswire] is expected to grow from USD 7.71 Billion in 2026 to USD 10.6 Billion by 2031, registering a CAGR of 6.58%.
While changing regulations related to bisphenol A (BPA) and solvent emissions present challenges in some regions, producers are focusing on improving production efficiency and expanding capacity to meet growing demand. Acetone industry growth is supported by the rising use of acetone in solvent applications, methyl methacrylate (MMA) production, pharmaceuticals, and personal care products. Asia-Pacific continues to hold the leading position in the global market due to its large manufacturing base and strong demand from downstream industries.
Acetone Market Upcoming Trends
Growing Demand for Methyl Methacrylate (MMA) Supports Acetone Market Growth
One of the key drivers of the Acetone Market is the increasing consumption of methyl methacrylate (MMA), which is widely used to manufacture acrylic sheets and other lightweight materials. The growing use of acrylic components in automotive and electric vehicle applications is contributing to higher acetone consumption. According to Mordor Intelligence, the MMA application segment is projected to record one of the fastest growth rates during the forecast period.
Rising Use in Paints, Coatings, Pharmaceuticals, and Personal Care
Another important trend is the steady demand for acetone in paints, coatings, and adhesives. As a widely used solvent, acetone continues to serve industrial manufacturing, construction, and maintenance applications. At the same time, cosmetics and personal care manufacturers are increasing the use of acetone in products such as nail care formulations, particularly across emerging economies in Asia-Pacific. Pharmaceutical manufacturing also remains a reliable source of demand as acetone is used in the production of active pharmaceutical ingredients and other chemical processes.
Growing Interest in Bio-Based Acetone Production
Production methods are also gradually expanding beyond conventional manufacturing routes. While the cumene process continues to account for the majority of global production, interest in bio-based acetone is increasing as manufacturers explore alternative feedstocks and production methods. These developments are adding new opportunities to the market without changing the dominant position of established production technologies.
View In-Depth Global and Regional Insights with Dedicated Japan Market Analysis: https://www.mordorintelligence.com/ja/industry-reports/acetone-market?utm_source=abnewswire
Acetone Industry Segmentation Analysis
The market is segmented by application, end-use industry, production process, grade, and geography, allowing manufacturers to serve a wide range of industrial requirements.
By application
* Solvents
* Methyl Methacrylate (MMA)
* Bisphenol A (BPA)
* Methyl Isobutyl Ketone (MIBK)
* Other chemical intermediates
Among these, solvent applications account for the largest market share due to broad usage across industrial manufacturing, coatings, adhesives, and cleaning products. Meanwhile, MMA is expected to record faster growth during the forecast period.
By end-use industry
* Paints, coatings, and adhesives
* Cosmetics and personal care
* Pharmaceuticals
* Electronics
* Automotive
* Textile
* Plastics and other industries
Paints, coatings, and adhesives represent the leading end-use segment, while cosmetics and personal care continue to gain momentum with rising consumer demand across developing economies. Pharmaceutical manufacturing also contributes to stable demand for high-purity acetone grades.
The market is further segmented by production process into the cumene process, isopropanol oxidation, direct propylene oxidation, and bio-based fermentation. By grade, technical grade accounts for the largest share, while pharmaceutical grade is expected to witness healthy growth because of strict quality requirements in drug manufacturing. Geographically, Asia-Pacific remains both the largest and fastest-growing regional market.
Acetone Market Competitive Landscape and Key Players
The Acetone Market remains moderately competitive, with leading manufacturers focusing on integrated production, capacity expansion, and strengthening their downstream chemical businesses. Companies continue to invest in production facilities to improve supply reliability and support growing demand across multiple application industries.
* BASF SE
* INEOS
* Mitsui Chemicals Inc.
* Moeve
* Formosa Chemicals & Fibre Corp.
Recent industry developments also reflect continued investment in production capacity. For example, Deepak Nitrite approved additional acetone manufacturing capacity in 2025, while INEOS expanded its regional presence through the acquisition of Mitsui Phenols Singapore, adding significant acetone production capability. These activities highlight the industry's focus on meeting long-term demand while strengthening regional supply networks.
Browse Competitive Landscape Details and Key Players Profiles: https://www.mordorintelligence.com/industry-reports/acetone-market/companies?utm_source=abnewswire
Conclusion
The Acetone Market is expected to maintain steady growth through 2031, supported by consistent demand from solvents, methyl methacrylate, pharmaceuticals, personal care products, and industrial manufacturing. Expanding downstream applications and continued investments in production capacity are helping manufacturers address growing requirements across global markets.
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About Mordor Intelligence:
Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.
With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace and defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals and materials, consumer goods and services, electronics, energy and power, financial services, food and beverages, healthcare, hospitality and tourism, information and communications technology, investment opportunities, and logistics.
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