Acetone Market – by Application (Methyl methacrylate, Bisphenol-A, Aldol chemicals, and Solvent), By End-Use Industry (Chemicals, Pharmaceuticals, Cosmetics, and Electronics), by Region (North America, South America, Europe, Asia Pacific, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2018 - 2025

  • To Be Published : Dec 2018 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Acetone is a clear, colorless, volatile and flammable organic liquid with a characteristic odor described as pungent or fruity. It is the simplest and smallest ketone also called as 2-propanone or dimethyl ketone. It is primarily used as an industrial solvent and chemical intermediate. Acetone is miscible with water and serves as an important solvent, which is majorly used for cleaning purposes in laboratories. Acetone is also found in paints, varnishes, and lacquers and is used as a solvent for cement in the leather and rubber industries. Acetone is often the primary component in cleaning agents such as nail polish remover. Acetone is a component of superglue remover and easily removes residues from glass and porcelain. Make-up artists use acetone to remove skin adhesive from the netting of wigs and mustaches by immersing the item in an acetone bath, then removing the softened glue residue with a stiff brush.

Acetone is produced directly or indirectly from propene. More than 90% of the world’s acetone production occurs simultaneously with phenol, hence following the same trend as phenol. In addition to being manufactured, acetone also occurs naturally, even being biosynthesized in small amounts in the human body. Acetone is used as a polar aprotic solvent in a variety of organic reactions, such as SN2 reactions. An important use for acetone is in the production of methyl methacrylate and bisphenol A. Bisphenol A is used for the production of polycarbonate and epoxy resins. Polycarbonate resins are widely used in automotive industry for advanced lighting applications, such as headlamp bezels, headlamp lenses, and light guides.

Market Dynamics  

  • A major driver for growth of the global acetone market is rising demand for acetone for methyl methacrylate production. Methyl methacrylate is used to produce polymethyl methacrylate resin, which has a wide application spectrum such as automotive and transportation, architecture and construction, electronics, and energy. Methyl methacrylate is also used in the impregnation of concrete to make it water-repellent. Also, it is used in medicine and dentistry sector to make prosthetic devices and as a ceramic filler or cement.
  • However, the emerging trend of using green solvents is a major factor restraining the growth of the global acetone market. Increasing use of water-based solvents in paints and coatings and development in bio-based solvents such as renewable acetone may hamper growth of the global acetone market.

Market Outlook

  • According to the Coherent Market Insights analysis, Asia Pacific held the dominant position in the market in 2017. The Asia Pacific is projected to maintain its dominance throughout the forecast period, owing to growing housing and infrastructure sectors (hotels, stadium, and restaurants) and paints and coatings industry. Economical labor rates and easily accessible petrochemical feedstocks are also supporting lucrative growth of the acetone market in this region.
  • Among applications, the solvent segment is projected to gain major traction over the forecast period, owing to its demand from chemical, pharmaceuticals, and cosmetics industry. It is a common solvent for rinsing laboratory glassware due to its low cost, volatility, and ability to dissolve water. For similar reasons, acetone is also used as a drying agent.

 Key players in Global Acetone Market

  • Key players operating in the global acetone market include INEOS Phenol, Royal Dutch Shell PLC, The Dow Chemical Company, Mitsui Chemicals, Inc., Sasol, Hindustan Organic Chemicals Limited, Domo Chemicals, Honeywell International, Inc., Formosa Chemicals and Fiber Corporation, and CEPSA Quimica, Prasol Chemicals Pvt. Ltd., and EMCO Limited.
  • Manufacturers are expanding the production capacities as well as introducing the new plants as a part of a strategic planning. For instance, a Joint venture between INEOS Phenol and Sinopec Yangzi Petrochemical Company (Sinopec YPC) announced in September 2013, that the new Joint Venture partners will benefit from Sinopec’s local feedstock advantages and cumene technology alongside INEOS’ proprietary phenol technology. The annual capacity of the new facility would be at least 400,000 tons of phenol and 250,000 tons of acetone.

Market Taxonomy

On the basis of application, global acetone market is segmented into:

  • Methyl methacrylate
  • Bisphenol-A
  • Aldol chemicals
  • Solvent

On the end-use industry, global acetone market is segmented into:

  • Chemicals
  • Pharmaceuticals
  • Cosmetics
  • Electronics

On the basis of region global acetone market is segmented into:

  • North America
    • S.
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • K.
    • Germany
    • Italy
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ASEAN
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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