Middle East & Africa Acetone Market Size, Share, and COVID-19 Impact Analysis, By Grade (Technical Grade, Specialty Grade), By Application (Bisphenol A, Solvents, Methyl Methacrylate and Others), and Middle East & Africa Acetone Market Insights, Industry Trends, Forecast to 2035

Middle East & Africa Acetone Market Insights Forecasts to 2035

• The Middle East & Africa Acetone Market Size Was Estimated at USD 326.8 Million in 2024
• The Market Size is Expected to Grow at a CAGR of Around 8.03% from 2025 to 2035
• The Middle East & Africa Acetone Market Size is Expected to Reach USD 764.3 Million by 2035

According to a Research Report Published by Spherical Insights & Consulting, The Middle East & Africa Acetone Market Size is Anticipated to Reach USD 764.3 Million by 2035, Growing at a CAGR of 8.03% from 2025 to 2035. The market is driven by the widespread usage of acetone across various industrial verticals, the increasing demand for plastics, the widespread product usage in the personal care industry, and the significant expansion in the automotive industry.

Market Overview

The Middle East & Africa Acetone Market Size is expanding because industrial requirements and economic conditions work together to drive market growth. The automotive, construction and pharmaceutical industries are expanding, which leads to increased usage of acetone as a solvent and cleaner and chemical intermediate.  Acetone functions as a solvent that manufacturers use to produce various medications and cosmetic items. The rising population and increasing disposable incomes in the Middle East and Africa create higher product demand, which leads to greater regional acetone requirements.

INEOS Phenol introduced its initial bio-based product line, which produces phenol, acetone and alphamethylstyrene (AMS). The company will market these products under the INVIRIDIS brand because they were produced without using fossil fuels as feedstock.

Middle Eastern petrochemical facilities establish their competitive advantage through the use of inexpensive naphtha and LPG to produce phenol-acetone, which they export to international markets. The increasing demand for pharmaceutical-grade acetone, which is used in both drug synthesis and active pharmaceutical ingredient extraction, serves as a major growth driver for economies that focus on healthcare. The Saudi Arabian government, with other nations, directs investment funds toward advanced chemical manufacturing processes that produce valuable products instead of selling unprocessed petroleum materials.

Report Coverage

This research report categorises the Middle East & Africa Acetone Market Size based on various segments and regions, and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Middle East & Africa acetone market. Recent market developments and competitive strategies, such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Middle East & Africa acetone market.

Driving Factors

The Middle East & Africa Acetone Market Size is driven by changing consumer preferences, technological progress and government support programs. The market is expanding because urban areas are growing, the population is increasing, and the middle-class population is expanding. The pharmaceutical industry is experiencing increasing demand in developing markets, which leads to higher requirements for acetone. The construction activities of Saudi Arabia and the UAE, with their extensive urban development projects, create a need for acetone-based paints, coatings and adhesives.

Restraining Factors

The Middle East & Africa Acetone Market Size is restrained by a lack of advanced manufacturing facilities, which face challenges when trying to implement acetone production techniques. The production and use of acetone are subject to stringent environmental regulations due to its volatile organic compound (VOC) properties.

Market Segmentation

The Middle East & Africa Acetone Market share is categorised into grade and application.

• The technical grade segment accounted for the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. 

The Middle East & Africa Acetone Market Size is segmented by grade into technical grade, specialty grade. Among these, the technical grade segment accounted for the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segment growth is driven by the widespread availability of these technical-grade products at lower costs contributes to their more significant market share. Technical-grade materials function as the main components that various applications require to produce lacquers and adhesives and floor polishing products.

• The solvents segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.  

Based on application, the Middle East & Africa Acetone Market Size is segmented into bisphenol A, solvents, methyl methacrylate and others. Among these, the solvents segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. Solvents were the largest segment with a revenue share of 35.69% in 2023. The rising acetone demand occurs because acetone functions as an essential element for hand sanitizer manufacturing and as a pharmaceutical excipient. Active fillers use acetone as a solvent to ensure that each dose of medication contains the correct amount.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Middle East & Africa Acetone Market Size, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies                                                                                                                       

• SABIC
• Shell plc
• INEOS Group Holdings S.A.
• Cepsa Quimica, S.A.
• Petro Rabigh
• Farabi Petrochemicals
• Abu Zaabal Specialized Chemicals
• Bidco Africa
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the Middle East & Africa, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the Middle East & Africa Acetone Market Size based on the below-mentioned segments:

Middle East & Africa Acetone Market, By Grade

• Technical Grade
• Specialty Grade

Middle East & Africa Acetone Market, By Application

• Bisphenol A
• Solvents
• Methyl Methacrylate
• Others