U.S.: Acetone Market 2025

Acetone Market Size in the U.S.

In 2021, the U.S. acetone market increased by 68% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +78.5% against 2019 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Acetone Production in the U.S.

In value terms, acetone production surged to $X in 2021. Overall, production continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by 25%. Acetone production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Acetone Exports

Exports from the U.S.

For the fourth year in a row, the United States recorded decline in shipments abroad of acetone, which decreased by -42.6% to X tons in 2021. In general, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2015 when exports increased by 15% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, acetone exports fell to $X in 2021. Over the period under review, exports showed a drastic downturn. The growth pace was the most rapid in 2017 with an increase of 39%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Mexico (X tons) was the main destination for acetone exports from the United States, with a 69% share of total exports. Moreover, acetone exports to Mexico exceeded the volume sent to the second major destination, Canada (X tons), threefold. The third position in this ranking was held by Guatemala (X tons), with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mexico stood at -9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+1.9% per year) and Guatemala (+1.2% per year).

In value terms, the largest markets for acetone exported from the United States were Mexico ($X), Canada ($X) and Guatemala ($X), together comprising 92% of total exports.

Among the main countries of destination, Canada, with a CAGR of +5.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average acetone export price amounted to $X per ton, growing by 52% against the previous year. Overall, export price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, acetone export price increased by +97.9% against 2019 indices. Over the period under review, the average export prices hit record highs at $X per ton in 2013; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+21.1%), while the prices for the other major destinations experienced more modest paces of growth.

Acetone Imports

Imports into the U.S.

After two years of decline, overseas purchases of acetone increased by 121% to X tons in 2021. In general, imports enjoyed a buoyant expansion. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, acetone imports skyrocketed to $X in 2021. Over the period under review, imports saw a resilient increase. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Taiwan (Chinese) (X tons), Saudi Arabia (X tons) and Japan (X tons) were the main suppliers of acetone imports to the United States, together comprising 64% of total imports. Thailand, Germany, Finland, Brazil, Spain and Belgium lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +165.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest acetone suppliers to the United States were Taiwan (Chinese) ($X), Saudi Arabia ($X) and Thailand ($X), together accounting for 68% of total imports.

Among the main suppliers, Thailand, with a CAGR of +258.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average acetone import price stood at $X per ton in 2021, surging by 45% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+34.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :