The USA Acetone market demand stood at 1650 thousand tonnes in 2023 and is expected to grow at a CAGR of 3.88% during the forecast period until 2033.
Acetone, with its colorless and volatile properties and chemical formula C3H6O, is a versatile compound extensively used across various industries. Majority of acetone production is derived as a by-product of Phenol. The synthesis process involves alkylating benzene with propylene to produce cumene, which undergoes an air oxidation reaction, yielding both phenol and acetone. Being miscible with water, acetone serves as a significant organic solvent in Industrial, Commercial and laboratory. Its applications cover diverse industries, including cosmetics, personal care, paints & coatings, and automobile industry. Acetone's effectiveness as a solvent extends to its role as a cross-linking agent for bioactive substances in fungicides and insecticides, contributing to polyester resin cleaning. Additionally, the polymer industry utilizes acetone in the production of polycarbonates, bisphenol-A, and epoxy resins.
The growth drivers for the Acetone market in the United States are notably influenced by a variety of end-use sectors, but the application as a solvent is the largest one. The cosmetics and personal care industry relies on acetone as a solvent for formulations like nail polish removers and skincare products. Additionally, the paints and coatings sector benefits from acetone, where it plays a crucial role in formulation as a solvent for achieving desired consistency and application properties. The automobile industry utilizes acetone in coatings and finishes, contributing to its application in manufacturing processes such as vehicle painting and surface treatment. As a fundamental component in chemical manufacturing, acetone serves as a key building block for synthesizing various chemicals, including plastics, resins, and pharmaceutical intermediates. Furthermore, the pharmaceutical industry leverages acetone for specific processes, highlighting its versatility in the production of pharmaceutical products. The diverse applications across these sectors collectively shape the demand landscape for acetone in the USA. Owing to these factors, Acetone market is likely to reach 2300 thousand tonnes in 2034.
Based on the end-user industry, the USA Acetone market is segmented into Solvent, MMA (Methyl Methacrylate), Bisphenol A, and Others. The largest market share of Acetone goes with high proportion in Solvent sector.
Major players in the USA Acetone market are INEOS Group Limited, The DOW Chemicals Company, Sabic Innovative Plastics, Royal Dutch Shell plc, Honeywell International Inc., Georgia Gulf Corporation, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2033
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Objective of the Study:
• To assess the demand-supply scenario of USA Acetone which covers production, demand and supply of Acetone market in USA.
• To analyse and forecast the market size of USA Acetone
• To classify and forecast USA Acetone market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Acetone market in USA.
To extract data for USA Acetone market, primary research surveys were conducted with Acetone manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for USA Acetone market over the coming years.
ChemAnalyst calculated Acetone demand across the USA region by analysing the volume of Acetone consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Acetone manufacturers and other stakeholders
• Organizations, forums and alliances related to Acetone distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Acetone manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, USA Acetone market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
1650 thousand tonnes
Market size Volume by 2033
2300 thousand tonnes
Growth Rate
CAGR of 3.88% from 2024 to 2033
Base year
2023
Estimated Year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2033
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2033
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Foreign Trade, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Solvent, MMA (Methyl Methacrylate ), Bisphenol A, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
West, Midwest, Northeast, Southwest, and Southeast
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What was the size of the USA Acetone market in terms of volume in 2023?
Ans:
The size of USA Acetone market has grown significantly in the historic period and reached approximately 1650 thousand tonnes in 2023.
Q2.
Which industry is leading as the leading consumer of Acetone?
Ans:
Solvent industry is the leading consumer of Acetone.
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