The United States acetone market is a
vital segment of the broader chemical industry, serving as a key raw material
for solvents, Bisphenol-A (BPA), methyl methacrylate (MMA), and various
industrial applications. Large chemical manufacturers such as INEOS, Dow
Chemical, Shell, Honeywell, and Sabic, are instrumental in shaping the acetone
industry in United States. These firms manage key production facilities and
control a significant share of global capacity for acetone and related
intermediates like phenol.
Their large-scale operations enable
economies of scale, contribute to supply stability, and support innovations in
sustainability, including exploration of bio-based acetone alternatives.
Through strategic investments and R&D, they drive cost efficiencies, meet
evolving regulatory demands, and foster application diversification across
sectors like cosmetics, pharmaceuticals, and automotive coatings.
Top 11 Acetone Manufacturers in United States:
1.
INEOS Group
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Establishment
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1998
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Headquarters
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Rolle, Switzerland
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Revenue (2024)
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USD 18.76 Billion
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Major Markets
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North America and Europe
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Global Market Positioning
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Bulk Acetone/Phenol Producer at Global Level
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INEOS Phenol is the world’s largest
phenol and acetone producer, vertically integrated to supply phenol-based value
chains (BPA, resins) and merchant acetone. The business emphasizes operational
scale and supply reliability, serving large downstream polymer, coatings and
pharmaceutical customers. In 2024, INEOS adjusted production footprints in
response to European energy and carbon costs. In the year 2025, the group
announced restructuring moves affecting European facilities to protect its global
competitiveness. INEOS continues to prioritize feedstock flexibility and
logistics to service North American markets while encouraging efficiency and
uptime improvements across its plants. Its strategic focus remains on securing
phenol–acetone integration, maintaining supply continuity for major industrial
customers, and managing cost pressures from energy and carbon pricing.
2.
Shell USA, Inc.
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Establishment
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1912
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Headquarters
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Texas, United States
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Revenue (2024)
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USD 284.31 Billion
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Major Markets
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North America, Europe, Asia-Pacific
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Global Market Positioning
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Integrated Bulk Acetone Supplier at Global Level
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Shell Chemicals intermediates to
industrial markets, acetone is offered under Shell’s chemicals distribution
channels with region-specific product notices and restrictions. Shell continues
to manage asset turnarounds and planned maintenance to balance supply, in 2025
the company published updated product application documentation and managed
planned turnarounds at some solvents/phenol facilities as part of reliability
programs. Shell’s chemicals strategy stresses integration of feedstock, careful
asset scheduling, and meeting customer compliance needs while progressing
energy transition measures through emissions management and process efficiency
upgrades.
3.
The Dow Chemical Company
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Establishment
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1897
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Headquarters
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Michigan, United States
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Revenue (2024)
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USD 42.96
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Major Markets
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North America, Europe, Asia-Pacific
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Global Market Positioning
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Top Commodity Acetone Producer at Global Level
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Dow is a major commodity chemical
supplier with a wide solvent portfolio, its acetone supplies feed coatings,
adhesives, and intermediate markets. In 2025, Dow continued portfolio and
capital optimisation (including divestments and asset sales) to focus on core
value-adding businesses while pursuing circular chemistry pilots and
sustainability targets. Dow’s strategy blends global scale production, commercial
application support, and investments to reduce carbon intensity. Recent
corporate activity includes asset transactions and strategic reshaping to
improve margins and fund sustainability investments factors that influence its
ability to supply acetone competitively.
4.
LyondellBasell
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Establishment
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2007
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Headquarters
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Texas, United States
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Revenue (2024)
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USD 40.30 Billion
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Major Markets
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Europe, Middle East & Africa, North America
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Global Market Positioning
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Large Petrochemical & Solvent Supplier
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LyondellBasell supplies commodity
petrochemicals and solvents as part of its broad polymers and intermediates
portfolio, acetone is sold into coatings, adhesives, and chemical
manufacturing. The company is driving circular-economy initiatives boosting
recycled- and renewable-based polymer volumes and has been active on
sustainability reporting and performance improvements in 2025. Operational
discipline and feedstock optimisation underpin its ability to supply bulk
acetone competitively. LyondellBasell’s strategy emphasizes integration across
olefins/polymers value chains, investment in decarbonization and material
circularity, and balancing commercial volumes across geographies to offset
cyclical demand. Recent corporate reporting highlights improved ESG scores and
continued capital investment to support resilient European and North American
supply.
5.
Saudi Basic Industries Corporation
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Establishment
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1976
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Headquarters
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Riyadh, Saudi Arabia
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Revenue (2024)
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USD 37.30 Billion
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Major Markets
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Saudi Arabia, Europe, Americas, Asia
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Global Market Positioning
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Acetone Supplier at Global Level
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SABIC is a global chemicals leader
supplying bulk acetone grades through integrated regional networks. In 2025,
SABIC maintained stable global commercial availability while supporting
customers in plastics, coatings and adhesives with supply chain resilience.
Strategic priorities include leveraging global production assets, customer
partnerships, and product stewardship to support formulation customers and to
pursue circular-materials and low-carbon feedstock initiatives as part of
broader sustainability goals. SABIC’s role remains that of a major global
supplier balancing volume markets with targeted technical support for key end
industries.
6.
Eastman Chemical Company
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Establishment
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1920
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Headquarters
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Tennessee, United States
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Revenue (2024)
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USD 9.38 Billion
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Major Markets
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North America, Asia Pacific
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Global Market Positioning
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Acetone & Solvents Provider at Global Level
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Eastman is a global specialty materials
and chemicals company supplying solvents and intermediates for coatings,
adhesives, and pharmaceuticals, acetone features in its broader solvent
portfolio and formulated blends. In 2025 Eastman doubled down on
circular-economy and decarbonization goals, committing to 100% renewable
electricity in key regions by 2030. Eastman’s advanced application-specific
solvent formulations and collaborative projects are aimed at lowering lifecycle
carbon footprints for downstream customers. The company continues research and
development on sustainable chemistries and partners with value-chain players to
commercialize lower-carbon material solutions, positioning itself as a
specialty supplier that supports customers shifting to greener formulations.
7.
Occidental Chemical Corporation
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Establishment
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1909
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Headquarters
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Texas, United States
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Revenue (2024)
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USD 26.72 Billion
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Major Markets
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North America, Middle East
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Global Market Positioning
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Merchant Chemical Supplier, at Global Level
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OxyChem (Occidental’s chemicals arm) is
a major United States merchant chemicals operator supplying caustic, chlorine,
and a range of solvents and intermediates via 23 sites. In 2025, Oxy reported
strong operational performance for its chemicals division and continued
strategic asset management, including pipeline and facility projects to improve
logistics between Convent and Geismar (supporting regional supply chains).
While OxyChem’s public announcements in 2025 focus more on chlor-alkali and
specialty chemicals performance than discrete acetone product launches, its
broad merchant distribution network supplies solvent customers across North
America. Occidental’s 2025 corporate activity (divestitures, debt reduction)
aims to sharpen focus on high-return assets, which may influence future
investments in chemicals capacity and sustainability technologies.
8.
Westlake Chemical Corporation
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Establishment
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1986
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Headquarters
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Texas, United States
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Revenue (2024)
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USD 12.14 Billion
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Major Markets
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North America (U.S. and Canada)
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Global Market Positioning
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Regional Bulk Petrochemical Producer
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Westlake is a regional petrochemical and
building-materials group that supplies solvent intermediates and supports
downstream plastics and coatings markets. In 2025 Westlake emphasized
sustainability and operational resilience, corporate communications in 2024
highlighted investments in energy efficiency and circularity programs, and in
2025 the company updated carbon-reduction targets as it advances toward 2030
goals. Westlake’s recent activity centered on expanding manufacturing scale
through acquisitions and strengthening North American supply chains for
commodity solvents. The company is prioritizing integration across feedstocks
and downstream channels improving logistics and product availability for
customers in coatings, adhesives, and industrial markets.
9.
Hydrite Chemical Co.
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Establishment
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1929
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Headquarters
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Wisconsin, United States
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Major Markets
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United States
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Market Positioning
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Specialty/Merchant Acetone Distributor in US
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Hydrite is a United States specialty
chemical supplier and merchant distributor offering bulk solvents, formulated
blends, and logistics services. During 2024–2025 Hydrite published a
sustainability performance update and announced grant-backed expansions
(including USDA-linked funding for energy and production upgrades at Waterloo,
IA and Terre Haute, IN). Hydrite’s 2025 activity focused on expanding packaging
& distribution capacity, enhancing food-grade and industrial offerings, and
improving energy efficiency in production not launching an acetone-branded new
product but increasing capability to supply acetone and solvent blends in
drums, totes, and bulk. Hydrite’s strategy is to grow service-led
differentiation, faster fulfilment, flexible packaging, and customised
formulations, supporting regional customers who value responsiveness and
regulatory compliance.
10. Mallinckrodt
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Establishment
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1867
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Headquarters
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Staines-upon-Thames, United Kingdom
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Revenue (2024)
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USD 1.98 Billion
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Major Markets
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United States, Europe, Middle East and Africa
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Global Market Positioning
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Specialty & Lab Chemical Supplier at Global Level
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Mallinckrodt’s modern business focus has
shifted toward specialty pharmaceuticals and regulated chemical supplies;
historically it supplied certain specialty solvents for pharma/lab markets. In
2025 Mallinckrodt’s most significant public activity involved corporate
restructuring and a proposed merger with Endo (announced March 2025) to create
a combined specialty pharma platform, moves that overshadow discrete
chemical-product launches. Mallinckrodt continues to supply regulated,
high-purity solvents where traceability and compliance matter. The company’s
near-term priorities are financial stabilization, portfolio refinement, and
supporting pharma customers with compliant solvent supply during corporate
transitions.
11. Honeywell International Inc.
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Establishment
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1906
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Headquarters
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North Carolina, United States
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Revenue (2024)
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USD 38.49 Billion
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Major Markets
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North America, EMEA, Asia-Pacific, South America
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Global Market Positioning
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Specialty & Lab-Grade Acetone Supplier at Global Level
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Honeywell supplies high-purity and
analytical-grade acetone for labs, semiconductor, and pharmaceutical customers
under its Research Chemicals brand. In 2025 Honeywell announces its plans to
spin off its Advanced Materials business while continuing to ensure high-purity
solvent availability and enhanced traceability for regulated markets. Honeywell
focuses on quality certification, distribution reliability, and specialized
packaging for lab customers. Strategic emphasis includes regulatory compliance,
digital traceability of material lots, and strengthening supply chains for
pharmaceutical and semiconductor industries that require tight specs and
uninterrupted supply.
According to TechSci Research report, India Acetone Market By Manufacturing Process (Cumene Process, Dow Process, Ranching–Hooker Process), By Application (Methyl Methacrylate, Bisphenol A, Solvents, Powder, Others), By End-Use (Plastic, Chemical, Pharmaceutical, Cosmetics & Personal Care, Paint & Coatings, Others), By Region, Competition, Forecast and Opportunities
Emerging Players
- Altivia Ketones & Additives: A growing specialty chemicals supplier spun
out from Altivia (previously Tougas Family Industries). Altivia manages a
standalone phenol-acetone unit in Haverhill, Ohio, one of the largest in North
America. The company focuses on high-purity acetone for pharmaceuticals and
electronics, offering customized grades for critical applications. It is known
for regional reliability and customized service.
- Huntsman Corporation: Huntsman, a global
specialty chemicals group, completed an acquisition in 2023 to bolster its
acetone-related capabilities in North America. The company enhances its
position in specialty solvents, potentially expanding into customer-specific
acetone blends used in adhesives or coatings. With broader product portfolios
and customized formulations, Huntsman could increasingly influence downstream
acetone sourcing and value.
- Monument Chemical: A specialty chemicals
producer (Indiana, Kentucky, Texas) with toll manufacturing capabilities. The
company is known for solvents and intermediates, Monument is expanding custom
acetone derivatives for coatings and adhesives. The company expanded
partnerships with pharma suppliers for custom solvent solutions. It operates as
a niche acetone player offering specialty contract manufacturing.
Challenges Faced by Acetone Companies in
United States
- Raw Material Price Volatility: Acetone
is primarily produced as a co-product of phenol production (via the cumene
process). Fluctuations in crude oil and benzene prices directly affect
production costs. Since acetone supply is tied to phenol demand, manufacturers
often face an imbalance between supply and demand. For example, if phenol
demand falls in construction or automotive industries, acetone output may
exceed demand, leading to oversupply and price pressure.
- Environmental Regulations and
Sustainability Pressure: Stricter EPA regulations on emissions, hazardous waste
handling, and VOC (volatile organic compounds) limits increase compliance
costs. Acetone, while less toxic than some solvents, still faces scrutiny as
manufacturers and end-users move toward greener, bio-based alternatives. This
pushes companies to invest in sustainable production methods, recycling
technologies, and safer substitutes—requiring additional R&D and capital
spending.
- Market Competition and Import Pressure: Domestic
acetone producers compete not only with U.S.-based peers but also with low-cost
imports from Asia and the Middle East. Global oversupply situations can lead to
cheap imports entering the U.S. market, squeezing margins for local
manufacturers. Additionally, demand shifts toward specialty chemicals and
bio-based solvents create pressure on traditional acetone applications in
paints, adhesives, and plastics.
Future Outlook
- Decarbonization & Bio-Based
Alternatives Gain Traction: Sustainability requirements (corporate net-zero
targets, buyer ESG demands) will accelerate pilot and commercialisation of
bio-acetone and lower-carbon process routes (bio-fermentation,
electrosynthesis, improved catalysis). Early adopters will leverage green
credentials for premium pricing in regulated markets (pharma, personal care).
Meanwhile, carbon-intensity reporting and supply-chain transparency will become
standard procurement prerequisites.
- Technology-led Operation: Digitalisation
(IIoT, predictive maintenance, advanced process control) will be a
differentiator—lowering operating costs, improving yields, and enabling faster
product-changeovers to serve varied grades. Circular approaches—solvent
recovery, in-plant recycling, and chemical upcycling of waste streams—will
improve margins and reduce feedstock exposure.
- Commercial Model
Evolution: Buyers will prefer value-added contracts: performance-based supply,
just-in-time delivery, and long-term purchase agreements with sustainability
guarantees. Lighting up downstream partnerships (co-development of
formulations, tolling agreements) will be an important growth lever for
suppliers.