Report Overview
Acetone, also known as propanone, is a colorless, volatile, and flammable liquid that serves as a crucial solvent in numerous industrial and consumer applications. As the simplest form of ketone, acetone is widely appreciated for its exceptional ability to dissolve both polar and non-polar substances, making it indispensable across industries such as pharmaceuticals, cosmetics, automotive, textiles, and electronics. It occurs naturally in the environment, including in plants and as a byproduct of human metabolism.
Commercially, acetone is primarily synthesized through the cumene process, which also yields phenol as a co-product.
The versatility of acetone makes it a staple in the production of plastics, fibers, drugs, and other chemicals. Additionally, it is commonly found in consumer products such as nail polish removers, paint thinners, and cleaning agents. Given its utility across various domains, the acetone market continues to evolve, driven by innovation in sustainable production and increasing demand from emerging economies.
Market Analysis
The global Acetone Market was valued at US$ 15.8 billion in 2024 and is projected to reach US$ 20.7 billion by 2032, reflecting a Compound Annual Growth Rate (CAGR) of 3.5% during the forecast period (2024–2032).
This growth is propelled by increased demand from multiple end-use industries, including pharmaceuticals, cosmetics, and plastics manufacturing.
Regional Analysis
North America
Europe
Asia-Pacific
South America
Middle East & Africa
Analysis
Sunoco
Shell
Saudi Basic Industries Corporation
Market Segmentation
By Application:
Plastics & Rubber Industry
Explosive Industry
Painting Industry
Chemical Materials
Others
By Type:
Cumene Process for Acetone
Isopropanol Processing
Fermentation
Others
