Acetone Market Size

Acetone Market size was valued at USD 8.08 billion in 2024 and is set to reach USD 20.12 billion by the end of 2037, registering around 7.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of acetone is assessed at USD 8.55 billion.

The growth of the market can be attributed to the increasing demand for lightweight automobiles all over the globe. Polycarbonates derived from acetone help in making lightweight cars at the same time they also fuel the efficiency of the vehicle. These two factors attract more people towards buying these automobiles. For instance, lightweight cars industry reached the market value of USD 70 billion in 2021 and is expected to reach a market value USD 94 billion by the end of 2028.

On the other hand, increasing concern towards personal care and skin care, especially amongst young population in developed and developing countries is driving the growth of the acetone market. Acetone plays a significant role in the personal care and cosmetic industry as it is used in the manufacturing of skincare creams, nail polish, and cosmetic products, and also used in skin treatment such as skin peeling treatment to beat acne and more. The skincare industry in North America is anticipated to reach a market value of USD 188 billion by 2026. Also, as of 2021, the cosmetic market in the North Asia region covered approximately 35% of the global market