Acetone Market Strategies and Forecasts, 2018 to 2026
                     Acetone Market
Set to Exceed $6.19 Billion By 2026 | CAGR 4.6%
“Acetone Market Share, Size, Trends, Industry 
Analysis Report, By Grade (Specialty Grade Acetone, 
Technical Grade Acetone); By End-User (Construction, 
Automotive, Cosmetics and Personal Use, Paints and 
Coatings, Pharmaceutical, Agriculture, Others); By 
Application (Bisphenol A, Methyl Methacrylate 
(MMA), Solvents, Methyl Isobutyl Ketone, Others); By 
Regions - Segment Forecast, 2020 - 2026”
Acetone Market Estimate & Forecast to 2026
The global Acetone market size is expected to reach USD 6.19 billion by 2026 according to a 
new study by Polaris Market Research.
The market is projected to witness a growth over the forecast period. There has been a 
significant growth in the demand for acetone from pharmaceutical, automotive, and 
construction sectors over the years. Growing awareness regarding personal care, increasing 
demand for solvents, application in varied industries, and rising disposable income are some 
factors boosting the market growth. It is also used as an organic and non-toxic alternative 
for containing oil spills by dissolving sludge and eliminating it from the surface of water or 
marine plants.
With increasing investments in the global Acetone industry, companies, manufacturers, 
private organizations are collaborating to expand and cater to wider applications. In August 
2019, ALTIVIA Petrochemicals completed the acquisition of Dow’s Acetone Derivatives 
Business and associated chemical manufacturing assets in United States. The acquisition is 
expected to assist ALTIVIA in increased production of Ketones and Carbinols, and strengthen 
its position in the coatings, adhesive and pharmaceutical industries. The addition would 
expand its acetone production and increase its geographic penetration.
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 Acetone Market Scope
           By End-User
By Grade By Application By Region Report Attributes
 Specialty Grade Acetone  Construction  Bisphenol A  North America  Historic year: 2015-2018
 Technical Grade Acetone  Automotive  Methyl Methacrylate  Europe  Base year: 2019
 Cosmetics and Personal (MMA)  Asia Pacific  Forecast Year: 2020-
Care  Solvents  Latin America Middle 2026
 Paints and Coatings  Methyl Isobutyl Ketone East & Africa  Revenue (USD Million)
 Pharmaceutical  Others
 Agriculture
 Others
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Acetone Market Estimate & Forecast to 2026
Asia Pacific emerged as the largest market in 2019 and is expected to maintain its 
dominance over the forecast period. Population growth, rising disposable incomes, and 
growing demand for personal care products drives the growth in the region. Rising 
industrialization, growth in the automotive sector, and strengthening pharmaceutical 
industry also supports market growth in this region. Increasing applications in agriculture, 
construction, and automotive further increases the demand of acetone in Asia-Pacific. 
Global players are expanding their presence and setting manufacturing units in this region 
owing to availability of infrastructure and labor.
The industry is characterized by established companies and large giants. Owing to 
technological advancements, and larger applications companies collaborating in order to 
retain the customers and gain market share. Broadening of product portfolio is another 
trend that is visible in the industry. Some of the major market participants include Hindustan 
Organic Chemicals Limited, Royal Dutch Shell PLC, Formosa Chemicals and Fiber 
Corporation, INEOS Phenol, Honeywell International Inc., BASF SE, Green Biologics Limited, 
Prasol Chemicals Pvt. Ltd., Borealis AG, Altivia, Reliance Industries Limited, Mitsui Chemicals 
Inc, LyondellBasell Industries Inc., and DOMO Chemicals GmbH.                                               
                           
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Acetone Market Share
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