Bio-Acetone Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Bio-Acetone Market Report is Segmented by Type (Purity <99% and Purity> 99%), Application (Plastics, Rubber, Paints and Coatings, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa). The Report Offers Market Size and Forecasts for the Bio-Acetic Market Based On Value (USD Million) for all the Above Segments.

Bio-Acetone Market Size

Compare market size and growth of Bio-Acetone Market with other markets in Chemicals & Materials Industry

Bio-Acetone Market Analysis

The Bio-Acetone Market size is estimated at USD 89.01 million in 2025, and is expected to reach USD 212.41 million by 2030, at a CAGR of greater than 19% during the forecast period (2025-2030).

The COVID-19 pandemic negatively impacted demand in the market due to lockdowns and restrictions imposed by various countries. However, the market recovered in 2021 and returned to pre-pandemic levels in 2022 and 2023 with the rise in applications in various industries.

Over the short term, the demand for bio-acetones is propelled by the demand for bio-based products from various industries, such as paints and coatings.

Conversely, the availability of various alternatives is expected to hinder the market's growth in the future.

The increasing technology for producing bio-based products is expected to create opportunities for the bio-acetone market during the forecast period.

Europe To Become the Largest Consumer

  • Europe is expected to be one of the largest consumers of bio-acetone due to various regulations set up for renewable-based products.
  • The VOC emission from the coatings industry has raised various environmental and human health issues. This has led various countries to follow the directives laid by the European Union in the coatings industry.
  • The European Union has started the implementation of the VOC solvents emission directive (SED) to reduce VOC emissions from industrial activities, including the paints and coatings industry.
  • The SED has set up emission limits for VOCs and requires industries such as paints and coatings manufacturing to use low-VOC or zero-VOC-based solvents in the manufacturing process.
  • In the cosmetics industry, bio-acetone is used as a nail polish remover owing to its superior characteristics and low toxicity compared to acetones.
  • According to Cosmetics Europe, the personal care association, the cosmetics industry was valued at EUR 88 billion (~USD 94.9 billion) in 2022.
  • The largest cosmetics markets in the region are Germany, France, Italy, the United Kingdom, and Poland. All these countries account for more than 67% of the total cosmetics market in the region.
  • All these factors are expected to drive the demand for bio-acetones in various European countries during the forecast period.

Bio-Acetone Industry Overview

The global bio-acetone market is consolidated. Some major players (not in any particular order) include LG Chem, Mitsui Chemicals, INEOS, Bio Brands LLC, and Eastman Chemical Company.

Bio-Acetone Market Leaders

  1. LG Chem

  2. Mitsui Chemicals

  3. INEOS

  4. Bio Brands LLC

  5. Eastman Chemical Company

  6. *Disclaimer: Major Players sorted in no particular order
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Bio-Acetone Market News

July 2022: LG Chem started exporting bio-based acetone products and acquired the International Sustainability & Carbon Certification PLUS (ISCC PLUS) for its products.

February 2022: Covestro and Mitsui Chemicals agreed on the supply of raw acetone materials from ISCC Plus certified mass-balanced sources. These certifications ensure that the products manufactured by Mitsui Chemicals will be based on renewable sources.

Bio-Acetone Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Growing Demand for Bio Based Raw Materials in Various Industrial Applications
    • 4.1.2 Increase in VOC Regulations
    • 4.1.3 Other Drivers
  • 4.2 Restraints
    • 4.2.1 Availability of Alternatives
    • 4.2.2 Other Restraints
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size In Value)

  • 5.1 Type
    • 5.1.1 Purity <99%
    • 5.1.2 Purity >99%
  • 5.2 Application
    • 5.2.1 Plastics
    • 5.2.2 Rubber
    • 5.2.3 Painting
    • 5.2.4 Other Applications (Nail Polish Remover, Cleaning Agent, Chemicals Intermediaries, etc.)
  • 5.3 Geography
    • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 India
    • 5.3.1.3 Japan
    • 5.3.1.4 South Korea
    • 5.3.1.5 Malaysia
    • 5.3.1.6 Thailand
    • 5.3.1.7 Indonesia
    • 5.3.1.8 Vietnam
    • 5.3.1.9 Rest of Asia-Pacific
    • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
    • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 France
    • 5.3.3.4 Italy
    • 5.3.3.5 Spain
    • 5.3.3.6 Turkey
    • 5.3.3.7 Russia
    • 5.3.3.8 NORDIC Countries
    • 5.3.3.9 Rest of Europe
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Colombia
    • 5.3.4.4 Rest of South America
    • 5.3.5 Middle East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 Nigeria
    • 5.3.5.3 Qatar
    • 5.3.5.4 Egypt
    • 5.3.5.5 United Arab Emirates
    • 5.3.5.6 South Africa
    • 5.3.5.7 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market share**/Ranking Analysis
  • 6.3 Stratergies Adopted by Leading players
  • 6.4 Company Profiles
    • 6.4.1 INEOS
    • 6.4.2 Bio Brands LLC
    • 6.4.3 Celtic Renewables
    • 6.4.4 Circular Industries
    • 6.4.5 Eastman Chemcial Company
    • 6.4.6 LanzaTech
    • 6.4.7 LG Chem
    • 6.4.8 Mitsui Chemcials
    • 6.4.9 Sigma Aldrich (Merck KGaA)
    • 6.4.10 Vertec BioSolvents Inc.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Increasing Technologies for Bio Based Acetone Production
  • 7.2 Other Opportunities
**Subject to Availability
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Bio-Acetone Industry Segmentation

Bio-acetone is an alternative to petroleum-based acetone and is produced from various economically friendly raw materials such as corn. It is used as a solvent and thinner in various industries, including paints and coatings.

The Bio-Acetone Market is segmented by material type, application, and country. By type, it is segmented by purity, i.e. <99% and >99%. By application, the market is segmented by plastics, rubber, paints, coatings, and other applications (nail polish remover, cleaning agent, chemicals intermediaries, and others), and by geography, the market is segmented by Asia-Pacific, North America, Europe, South America, and the Middle East and Africa. The report offers market size forecasts for the bio-acetone market in 27 countries across major regions. For each segment, the market sizing and forecasts have been done based on revenue (USD million).

Type Purity <99%
Purity >99%
Application Plastics
Rubber
Painting
Other Applications (Nail Polish Remover, Cleaning Agent, Chemicals Intermediaries, etc.)
Geography Asia-Pacific China
India
Japan
South Korea
Malaysia
Thailand
Indonesia
Vietnam
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
Turkey
Russia
NORDIC Countries
Rest of Europe
South America Brazil
Argentina
Colombia
Rest of South America
Middle East and Africa Saudi Arabia
Nigeria
Qatar
Egypt
United Arab Emirates
South Africa
Rest of Middle East and Africa
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Bio-Acetone Market Research FAQs

How big is the Bio-Acetone Market?

The Bio-Acetone Market size is expected to reach USD 89.01 million in 2025 and grow at a CAGR of greater than 19% to reach USD 212.41 million by 2030.

What is the current Bio-Acetone Market size?

In 2025, the Bio-Acetone Market size is expected to reach USD 89.01 million.

Who are the key players in Bio-Acetone Market?

LG Chem, Mitsui Chemicals, INEOS, Bio Brands LLC and Eastman Chemical Company are the major companies operating in the Bio-Acetone Market.

Which is the fastest growing region in Bio-Acetone Market?

Europe is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Bio-Acetone Market?

In 2025, the Europe accounts for the largest market share in Bio-Acetone Market.

What years does this Bio-Acetone Market cover, and what was the market size in 2024?

In 2024, the Bio-Acetone Market size was estimated at USD 72.10 million. The report covers the Bio-Acetone Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Bio-Acetone Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

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Bio-Acetone Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)