Acetone Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Acetone Market in 2025 is assessed at USD 8.56 billion. The global Market size was valued at more than USD 8.08 billion in 2024 and is expected to register a CAGR of over 7.4%, exceeding USD 20.44 billion revenue by 2037. North America is set to record majority share by 2037, driven by growing acetone demand in electronics and automotive sectors.
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
