×
Request Free Sample ×

Kindly complete the form below to receive a free sample of this Report

* Please use a valid business email

Leading companies partner with us for data-driven Insights

clients tt-cursor
Hero Background

US Acetone Market

ID: MRFR/CnM/13008-HCR
100 Pages
Chitranshi Jaiswal
October 2025

US Acetone Market Research Report By Application (Methyl Methacrylate, Bisphenol A, Solvents, Powder, Others) and By End-Use (Plastic, Chemical, Pharmaceutical, Cosmetics & Personal Care, Paint & Coatings, Others) - Forecast to 2035

Share:
Download PDF ×

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

US Acetone Market Infographic
Purchase Options

US Acetone Market Summary

As per analysis, the US acetone market is projected to grow from USD 1.26 Billion in 2025 to USD 2.41 Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 6.68% during the forecast period (2025 - 2035).

Key Market Trends & Highlights

The US acetone market is currently experiencing a dynamic shift driven by sustainability and technological advancements.

  • The solvent segment remains the largest contributor to the US acetone market, reflecting its widespread use in various applications.
  • Pharmaceutical applications are driving growth, as acetone is increasingly utilized in drug formulation and production processes.
  • Technological advancements in production methods are enhancing efficiency and reducing environmental impact, aligning with sustainability initiatives.
  • Rising demand from the paints and coatings sector, along with the expansion of the personal care and cosmetics market, are key drivers of market growth.

Market Size & Forecast

2024 Market Size 1.19 (USD Billion)
2035 Market Size 2.41 (USD Billion)
CAGR (2025 - 2035) 6.68%

Major Players

Dow Chemical Company (US), BASF Corporation (US), LyondellBasell Industries N.V. (US), ExxonMobil Chemical Company (US), Shell Chemical Company (US), Eastman Chemical Company (US), Mitsubishi Chemical Corporation (US), Huntsman Corporation (US), SABIC Innovative Plastics (US)

US Acetone Market Trends

The US acetone market is currently experiencing a dynamic phase characterized by evolving demand patterns and shifting production methodologies. Acetone, a vital solvent and chemical intermediate, finds extensive applications across various sectors, including pharmaceuticals, cosmetics, and plastics. The increasing focus on sustainability and environmental regulations appears to be influencing production processes, prompting manufacturers to explore greener alternatives and more efficient methods. This transition may lead to a reconfiguration of supply chains, as companies seek to align with regulatory frameworks while meeting consumer expectations for eco-friendly products. Moreover, the US acetone market seems to be witnessing a rise in demand driven by the expanding pharmaceutical and personal care industries. As these sectors continue to grow, the need for high-purity acetone is likely to increase, further shaping market dynamics. Additionally, the ongoing advancements in production technologies may enhance the efficiency of acetone manufacturing, potentially leading to cost reductions. Overall, the US acetone market is poised for transformation, with various factors influencing its trajectory in the near future.

Sustainability Initiatives

The US acetone market is increasingly influenced by sustainability initiatives. Manufacturers are exploring eco-friendly production methods and alternative feedstocks to reduce environmental impact. This trend reflects a broader commitment to sustainability across industries, as companies aim to meet regulatory requirements and consumer preferences for greener products.

Growth in Pharmaceutical Applications

The demand for acetone in the pharmaceutical sector is on the rise, driven by the need for high-purity solvents in drug formulation and production. This trend indicates a shift towards more specialized applications, as pharmaceutical companies seek reliable and efficient solvents to enhance their manufacturing processes.

Technological Advancements in Production

Innovations in production technologies are reshaping the US acetone market. Enhanced manufacturing processes may lead to increased efficiency and reduced costs, allowing producers to respond more effectively to market demands. This trend suggests a potential for greater competitiveness within the industry.

Market Segment Insights

By Application: Solvent (Largest) vs. Chemical Intermediate (Fastest-Growing)

In the US acetone market, the application segments are varied, with solvents commanding the largest market share due to their extensive use in paint thinners, coatings, and cleaning. The solvent segment benefits from rising demand in the automotive and construction industries, contributing to its dominance. Chemical intermediates follow closely behind, fueled by their essential role in producing various chemicals, positioning them as a critical component in the market. Moreover, adhesives and coatings also play significant roles but represent smaller portions of the market compared to solvents and chemical intermediates. Growth trends indicate that while the solvent segment remains the largest, the chemical intermediate segment is showing the most promise as the fastest-growing application value. This growth is driven by increasing use in pharmaceuticals and personal care products, where acetone serves as an essential ingredient. Additionally, the growing trend of bio-based solvents is likely to enhance the market appeal for acetone in solvent and chemical applications as businesses seek more eco-friendly alternatives.

Coating (Dominant) vs. Cleaning Agent (Emerging)

Coating is currently a dominant application for acetone in the US market, owing to its effectiveness as a solvent in various coatings and finishes. Its versatility in formulations makes it a preferred choice for manufacturers in automotive and industrial sectors. On the other hand, the cleaning agent application segment is emerging, gaining traction due to increased awareness of cleanliness and sanitation amid the ongoing demand for effective cleaning solutions. Acetone's ability to dissolve oils and greases enhances its usage in household and commercial cleaning products. As consumer preferences shift towards more sustainable and efficient cleaning options, the cleaning agent sector is expected to grow, albeit starting from a smaller base compared to coatings.

By End Use: Pharmaceuticals (Largest) vs. Automotive (Fastest-Growing)

The US acetone market shows a diverse distribution across various end-use segments. Pharmaceuticals hold the largest share, driven by the demand for acetone in the production of pharmaceuticals and medical products. In contrast, the automotive segment, while smaller in share, is rapidly gaining traction as manufacturers increasingly utilize acetone for coatings and adhesives, responding to the growing automotive market and rising consumer demand for lighter and more sustainable vehicles. Growth trends in the US acetone market highlight the dynamic shifts within these end-use segments. The pharmaceuticals segment benefits from robust healthcare developments and a focus on innovative drug formulations, ensuring sustained demand. Meanwhile, the automotive sector is the fastest-growing, fueled by advancements in electric vehicles and stringent environmental regulations that necessitate the use of acetone in cleaner production processes.

Pharmaceuticals (Dominant) vs. Automotive (Emerging)

The pharmaceutical industry remains the dominant end-use segment for acetone in the US market, leveraging its properties to create vital medicinal compounds and formulations. Acetone's role in drug manufacturing and laboratory synthesis reinforces its importance in this sector. On the other hand, the automotive segment is emerging as a crucial player due to factors such as increasing vehicle production and a focus on lightweight materials. Acetone is utilized in automotive coatings, adhesives, and sealants, driving innovation and sustainability in vehicle design. As environmental concerns rise, the automotive sector is evolving, promoting acetone's usage to meet new regulatory standards, making it a significant segment to watch.

By Distribution Channel: Direct Sales (Largest) vs. Online Sales (Fastest-Growing)

In the US acetone market, Direct Sales holds the largest share among distribution channels, providing a significant portion of overall sales volume. This method allows manufacturers to maintain control over pricing and customer relationships effectively. Meanwhile, Online Sales is rapidly gaining traction, driven by increasing digital adoption and consumer preference for online purchasing, which is transforming traditional buying behaviors in the acetone market.

Direct Sales (Dominant) vs. Online Sales (Emerging)

Direct Sales remains the dominant distribution channel in the US acetone market, characterized by established relationships between manufacturers and end-users, ensuring reliable supply while minimizing intermediaries. This method caters primarily to large-scale clients with specific needs. On the other hand, Online Sales is emerging as a significant player, catering to a broader audience by providing convenience and accessibility for individual and smaller industrial consumers. This channel is facilitated by advancements in e-commerce platforms, which enable companies to reach customers directly and enhance their market share.

By Formulation Type: Liquid (Largest) vs. Solid (Fastest-Growing)

In the US acetone market, the formulation type segment reveals distinct distribution patterns among liquid, solid, and gas states. The liquid formulation currently captures the largest share, predominantly attributed to its wide range of applications in solvents, chemical manufacture, and pharmaceuticals. In contrast, the solid formulation is gaining traction, appealing to sectors like coatings and adhesives that demand stable and robust properties in acetone derivatives.

Liquid (Dominant) vs. Solid (Emerging)

The liquid formulation of acetone remains the dominant form in the market due to its versatility and extensive applications across various industries. It is favored for its ease of processing and effectiveness as a solvent in numerous chemical reactions and formulation processes. On the other hand, the solid formulation is emerging as a significant player, appealing particularly to manufacturers looking for specific physical properties and stability in storage and usage. As industries strive for more sustainable and efficient solutions, the demand for solid formulations is expected to grow, positioning it as an essential alternative for various applications.

By Production Method: Cumene Process (Largest) vs. Phenol Process (Fastest-Growing)

In the US acetone market, the production methods are predominantly split between the Cumene Process, the largest contributor, and the Phenol Process, which is gaining traction rapidly. The Cumene Process is favored for its cost-effectiveness and established technology, thus securing a significant market share. Conversely, the Phenol Process is gradually increasing its market presence, appealing to manufacturers looking for innovative strategies to enhance acetone production efficiently.

Cumene Process (Dominant) vs. Phenol Process (Emerging)

The Cumene Process remains the dominant production method in the US acetone market, leveraging its well-established infrastructure and lower operational costs. Its efficiency in converting intermediate compounds results in high yields of acetone, making it a preferred choice for many producers. On the other hand, the Phenol Process is emerging as a viable alternative. As manufacturers prioritize sustainability and process optimization, the Phenol Process is becoming favored for its ability to produce acetone with reduced environmental impact. This shift towards greener production methods is expected to drive its growth, positioning it as a significant player in the near future.

Get more detailed insights about US Acetone Market

Key Players and Competitive Insights

The acetone market exhibits a dynamic competitive landscape characterized by a blend of established players and emerging innovators. Key growth drivers include the increasing demand for acetone in the production of solvents, adhesives, and plastics, alongside a growing emphasis on sustainability and eco-friendly practices. Major companies such as Dow Chemical Company (US), BASF Corporation (US), and LyondellBasell Industries N.V. (US) are strategically positioned to leverage their extensive manufacturing capabilities and R&D investments. These firms are focusing on innovation and sustainability, which collectively shapes a competitive environment that is increasingly oriented towards environmentally responsible production methods.

In terms of business tactics, companies are localizing manufacturing to enhance supply chain efficiency and reduce transportation costs. The market structure appears moderately fragmented, with several key players exerting significant influence. This fragmentation allows for competitive pricing strategies while also fostering innovation as companies strive to differentiate their offerings. The collective influence of these major players is pivotal in shaping market trends and consumer preferences.

In November 2025, Dow Chemical Company (US) announced a strategic partnership with a leading renewable energy firm to develop bio-based acetone production methods. This initiative underscores Dow's commitment to sustainability and positions the company to meet the rising demand for eco-friendly solvents. The strategic importance of this move lies in its potential to enhance Dow's market share while aligning with global sustainability goals, thereby appealing to environmentally conscious consumers.

In October 2025, BASF Corporation (US) unveiled a new production facility aimed at increasing acetone output by 20%. This expansion is indicative of BASF's strategy to capitalize on the growing demand for acetone in various applications, including pharmaceuticals and personal care products. The facility's advanced technology is expected to optimize production efficiency, thereby reducing costs and enhancing profitability in a competitive market.

In September 2025, LyondellBasell Industries N.V. (US) completed the acquisition of a smaller chemical manufacturer specializing in specialty solvents, including acetone. This acquisition is likely to bolster LyondellBasell's product portfolio and expand its market reach. The strategic importance of this move lies in the potential for cross-selling opportunities and enhanced supply chain integration, which could lead to improved operational efficiencies.

As of December 2025, current competitive trends in the acetone market are increasingly defined by digitalization, sustainability, and the integration of AI technologies. Strategic alliances are becoming more prevalent, as companies seek to pool resources and expertise to drive innovation. The competitive differentiation is likely to evolve from traditional price-based competition towards a focus on technological advancements, sustainable practices, and supply chain reliability. This shift suggests that companies that prioritize innovation and sustainability will be better positioned to thrive in the evolving market landscape.

Key Companies in the US Acetone Market market include

Industry Developments

The US Acetone Market has recently seen significant developments, particularly in response to rising demand in various applications, including pharmaceuticals and cosmetics. Formosa Plastics Corporation and DOW Chemical Company have been increasing their production capacities, reflecting an optimistic outlook in the acetone sector. Furthermore, in June 2023, SABIC announced plans to expand its operations, investing significantly to enhance its acetone output to meet surging market needs. Growth in market valuation can also be seen with LyondellBasell Industries revealing a notable increase in its quarterly earnings, attributed partly to strong acetone sales.

Additionally, in September 2022, Eastman Chemical Company expanded its sustainable acetone production, highlighting a shift towards eco-friendly solutions. In terms of mergers and acquisitions, HUNTSMAN CORPORATION has been active, acquiring a specialty chemical maker, bolstering its acetone-related portfolio, with the deal announced in August 2023. Overall, the US Acetone Market is witnessing a dynamic growth phase influenced by both increasing demand and strategic corporate activities among major players such as Reliance Industries Limited and BASF SE, who are continuously exploring growth opportunities in the sector.

Future Outlook

US Acetone Market Future Outlook

The US acetone market is projected to grow at a 6.68% CAGR from 2024 to 2035, driven by increasing demand in pharmaceuticals, cosmetics, and industrial applications.

New opportunities lie in:

  • Expansion of bio-based acetone production facilities
  • Development of acetone-based solvent alternatives for eco-friendly applications
  • Investment in advanced recycling technologies for acetone recovery

By 2035, the acetone market is expected to achieve robust growth, driven by innovation and sustainability initiatives.

Market Segmentation

US Acetone Market End Use Outlook

  • Pharmaceuticals
  • Automotive
  • Cosmetics
  • Electronics
  • Textiles

US Acetone Market Application Outlook

  • Solvent
  • Chemical Intermediate
  • Adhesive
  • Coating
  • Cleaning Agent

US Acetone Market Formulation Type Outlook

  • Liquid
  • Solid
  • Gas

US Acetone Market Production Method Outlook

  • Cumene Process
  • Phenol Process
  • Acetylene Process

US Acetone Market Distribution Channel Outlook

  • Direct Sales
  • Online Sales
  • Retail Sales
  • Wholesale

Report Scope

MARKET SIZE 20241.19(USD Billion)
MARKET SIZE 20251.26(USD Billion)
MARKET SIZE 20352.41(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)6.68% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies ProfiledDow Chemical Company (US), BASF Corporation (US), LyondellBasell Industries N.V. (US), ExxonMobil Chemical Company (US), Shell Chemical Company (US), Eastman Chemical Company (US), Mitsubishi Chemical Corporation (US), Huntsman Corporation (US), SABIC Innovative Plastics (US)
Segments CoveredApplication, End Use, Distribution Channel, Formulation Type, Production Method
Key Market OpportunitiesGrowing demand for bio-based acetone driven by sustainability initiatives and regulatory support in the US acetone market.
Key Market DynamicsRising demand for acetone in pharmaceuticals and cosmetics drives competitive dynamics in the US market.
Countries CoveredUS

Leave a Comment

FAQs

What is the expected market size of the US Acetone Market in 2024?

The US Acetone Market is expected to be valued at approximately 1.01 USD Billion in 2024.

What will be the market value of the US Acetone Market in 2035?

By 2035, the US Acetone Market is anticipated to reach a value of about 2.09 USD Billion.

What is the compound annual growth rate (CAGR) for the US Acetone Market from 2025 to 2035?

The US Acetone Market is expected to grow at a CAGR of 6.81% from 2025 to 2035.

Which application segment is expected to dominate the US Acetone Market in 2035?

The Methyl Methacrylate application segment is expected to be valued at approximately 0.56 USD Billion in 2035.

What is the expected market size for the Solvents application of the US Acetone Market in 2024?

The Solvents application is expected to be valued at around 0.31 USD Billion in 2024.

Who are the major players in the US Acetone Market?

Key players in the US Acetone Market include Formosa Plastics Corporation, HUNTSMAN CORPORATION, DOW CHEMICAL COMPANY, and several others.

What will be the market size for the Bisphenol A application in 2035?

The Bisphenol A application is projected to reach approximately 0.47 USD Billion by 2035.

How much is the Powder application of the US Acetone Market expected to be valued at in 2024?

The Powder application is anticipated to be valued at around 0.12 USD Billion in 2024.

What growth opportunities exist in the US Acetone Market?

The market presents growth opportunities particularly in the areas of Methyl Methacrylate and Solvent applications.

What are the anticipated challenges for the US Acetone Market in the coming years?

Challenges may arise from fluctuating raw material costs and competition among key market players.

Download Free Sample

Kindly complete the form below to receive a free sample of this Report

Compare Licence

×
Features License Type
Single User Multiuser License Enterprise User
Price $4,950 $5,950 $7,250
Maximum User Access Limit 1 User Upto 10 Users Unrestricted Access Throughout the Organization
Free Customization
Direct Access to Analyst
Deliverable Format
Platform Access
Discount on Next Purchase 10% 15% 15%
Printable Versions