Key Insights• According to the research report, "India Acetone Market Outlook, 2031," published by Bonafide Research, the India Acetone Market is anticipated to grow at more than 8.21% CAGR from 2026 to 2031.• India is a major acetone consuming market in Asia, with demand supported by pharmaceuticals, paints and coatings, adhesives, cosmetics and personal care, plastics, chemicals, and industrial cleaning. The country has historically remained structurally dependent on imports because domestic acetone production has been considerably lower than consumption. India imported approximately 148.21 kilotonnes of acetone in 2024, valued at US$147.9 million.• India has a domestic phenol-acetone production base, primarily linked to Deepak Phenolics and Hindustan Organic Chemicals, but domestic capacity has been insufficient to fully satisfy demand. The Indian Chemical Council reports acetone installed capacity of 47.1 KTPA and production of 21.8 KTPA in 2023-24, reflecting approximately 46% utilization on the reported installed capacity base. Market Outlook• India's acetone demand is expected to continue expanding as pharmaceutical manufacturing, paints and coatings, cosmetics, adhesives, plastics, and specialty chemicals grow. Pharmaceutical and personal care applications are particularly relevant because acetone is widely used as a processing and formulation solvent.• The most important structural development in the Indian acetone market is the rapid expansion of domestic phenol-acetone capacity. Haldia Petrochemicals is developing a large integrated phenol acetone complex in West Bengal, with planned acetone production of approximately 185 KTPA.

The project is intended to reduce India's reliance on imported phenol and acetone and strengthen domestic supply availability. • India's supply balance is expected to change significantly as new capacity comes on stream. Current industry estimates indicate acetone demand of roughly 300 KTPA against approximately 200 KTPA of domestic nameplate capacity in FY2025, while the planned Haldia capacity could raise domestic nameplate capacity to around 415 KTPA after commissioning.Policies • India regulates acetone as a hazardous and flammable chemical through its chemical-safety, occupational-health, environmental, storage, and transportation frameworks. Manufacturers and industrial users are required to maintain appropriate controls for handling, storage, fire safety, worker protection, and emergency response.• Acetone handling is subject to India's workplace safety requirements, including provisions applicable to hazardous chemical exposure and occupational health under the Factories Act framework and associated rules. Facilities handling bulk quantities are required to maintain appropriate ventilation, protective equipment, hazard communication, and emergency-management procedures.• India's industrial policy is increasingly focused on reducing dependence on imported chemicals and increasing domestic manufacturing capacity. This direction is directly relevant to acetone because India has historically relied substantially on imports to close the gap between domestic production and consumption, while new phenol acetone capacity is being developed to increase domestic availability. Industry Statistics • India's acetone imports reached approximately 148.21 kilotonnes in 2024, valued at US$147.9 million, with an average import price of approximately US$1,000 per tonne. During January-April 2025, imports were approximately 23.99 kilotonnes valued at US$18.44 million. • Thailand was India's largest acetone supplier in 2025, accounting for approximately 52.8% of import value, followed by South Korea at 18.4% and Singapore at 16.2%.

This makes Southeast and Northeast Asia particularly important to India's acetone supply chain.• The Indian Chemical Council reports acetone installed capacity of 47.1 KTPA and production of 21.8 KTPA during 2023-24. The same industry data indicates that acetone production had declined over the reported historical period, highlighting why imports became important in meeting India's growing domestic requirements. Industry News• Haldia Petrochemicals announced a major investment in a new phenol-acetone complex in West Bengal, with planned acetone capacity of approximately 185 KTPA. The project is expected to materially increase India's domestic acetone availability and reduce dependence on imported material once operational. • India's phenol acetone supply chain is entering a structural transition as new domestic capacity comes online. NITI Aayog identifies phenol as a priority chemical for strengthening domestic manufacturing and notes that India's phenol demand reached approximately 596 KTPA in FY2025, with additional capacity expected to reduce import dependence. Because acetone is produced alongside phenol through the cumene process, this expansion has direct implications for India's future acetone supply balance.Segment AnalysisIndia Acetone Market By Application• Solvents represent the largest application of acetone in India, supported by extensive use across paints, coatings, adhesives, cleaning products, pharmaceuticals, cosmetics, printing, and industrial processing. Acetone is widely used for its strong solvency and rapid evaporation in formulation, surface preparation, cleaning, and degreasing applications.

India's expanding construction, automotive, pharmaceutical, chemical, plastics, and manufacturing industries provide a broad demand base for acetone as an industrial solvent.• Methyl Methacrylate (MMA) represents an important downstream application of acetone in India. Acetone is used as a feedstock in conventional MMA production, while MMA is subsequently consumed in acrylic sheets, coatings, adhesives, construction materials, lighting, signage, and specialty polymer applications. India's construction, automotive, plastics and manufacturing sectors support increasing consumption of acrylic-based materials, contributing to acetone demand through the MMA value chain.• Bisphenol A (BPA) represents another important downstream application of acetone in India. Acetone is a key feedstock in BPA production, while BPA is subsequently used in polycarbonate and epoxy-based materials. These materials are utilized in electrical and electronic components, automotive parts, construction products, protective coatings, appliances, and industrial applications. India Acetone Market By End-Use Industry• Paints, Coatings & Adhesives represent the largest end-use industry group for acetone in India. Acetone is used as a solvent, cleaning agent, formulation component, and surface preparation chemical across architectural, industrial, automotive, furniture, protective, and specialty coatings.

India's construction, automotive, infrastructure, packaging, manufacturing and renovation activities generate consistent demand for coatings and adhesives, supporting acetone consumption across production and maintenance applications.• Pharmaceuticals & Personal Care represent a major end-use segment in India. Acetone is used as a solvent and processing aid in pharmaceutical manufacturing and in selected synthesis, extraction, purification and cleaning processes. In personal care and cosmetics, acetone is primarily used in nail care and other solvent based applications. India's large pharmaceutical manufacturing base, growing cosmetics industry and expanding personal care market provide a strong demand base for acetone in specialized applications.• Plastics & Polymers contribute significantly to acetone consumption through both direct solvent applications and downstream derivative production. Acetone serves as a feedstock for MMA and BPA, which are subsequently used in acrylic materials, polycarbonate, epoxy resins, coatings, and other polymer systems. India's growing plastics processing, packaging and automotive, construction, electrical equipment, and industrial manufacturing sectors therefore contribute to acetone demand through the downstream polymer value chain. India Acetone Market By Grade• Technical / Industrial Grade represents the largest grade category in India, supported by high-volume applications in paints, coatings, adhesives, cleaning, degreasing, chemical processing, automotive manufacturing, plastics processing and general industrial operations.

India's large and diversified manufacturing base creates broad demand for acetone where strong solvency and rapid evaporation are required without the stringent purity specifications associated with specialized applications.• High-Purity Grade acetone serves applications requiring tighter impurity control, including pharmaceutical manufacturing, specialty chemical processing, laboratory activities, precision cleaning, advanced coatings, and selected electronics applications. India's pharmaceutical, specialty chemical, electronics and precision manufacturing industries support demand for higher-purity solvents where contamination can affect processing performance or finished-product quality.• Electronic / Semiconductor Grade acetone represents a specialized and comparatively smaller grade segment in India. It is used for precision cleaning, surface preparation and removal of organic residues in semiconductor, electronics, display, and advanced manufacturing processes where stringent contamination control is required. India's expanding semiconductor and electronics manufacturing ecosystem is creating additional demand for electronic grade solvents, although overall consumption remains substantially below technical and industrial grade acetone.Considered in this report• Historic Year: 2020• Base year: 2025• Estimated year: 2026• Forecast year: 2031Aspects covered in this report• Acetone with its value and forecast along with its segments• Various drivers and challenges• On-going trends and developments• Top profiled companies• Strategic recommendationBy Application• Solvents• Methyl Methacrylate (MMA)• Bisphenol A (BPA)• Methyl Isobutyl Ketone (MIBK)• OthersBy End-Use Industry• Paints, Coatings & Adhesives• Pharmaceuticals & Personal Care• Plastics & Polymers• Electronics & Electrical• Automotive & Transportation• Construction• Agriculture & OthersBy Grade• Technical / Industrial Grade• High-Purity Grade• Electronic / Semiconductor Grade.