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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Ketone Market
Request Now !Ketone is a specific category of organic compounds that contains the carbonyl group as a functional group. Being polar in nature, the carbonyl group interacts with water by hydrogen bonding, which makes ketones soluble in water. As ketones do not possess the ability to self-associate, they are volatile in nature. The commonly used ketones are acetone, cyclohexane, polyether ether ketone, and methyl ethyl ketone. Industries such as pharmaceuticals, solvents, and polymer precursors primarily manufacture ketone on a large scale. Ketones have a wide range of applications across various industries, including automobile and electronics & electrical.
Market scope and structure analysis
Report Metric | Details |
Market size available for years | 2019–2027 |
Base year considered | 2019 |
Forecast period | 2020–2027 |
Forecast unit | Value (USD) |
Segments covered | Supplement Type, Application, Form, and Region |
Regions covered | North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM), and the Middle East & Africa (Saudi Arabia, UAE, Kuwait, South Africa, and Rest of MEA) |
Companies covered | Caledonian Ferguson Timpson Ltd, JidaEvonik High Performance Polymers (Changchun) Co. Ltd, PanjinZhongrun High Performance Polymers Co. Ltd, Prototype & Plastic Mold Co. Inc., Solvay Specialty Polymers, Tri Town Precision PlasticsInc, Ion Labs, Keto& Company, Boli Naturals, and Volken Chemicals |
The outbreak of the COVID-19 pandemic has affected the global ketone market to a notable extent.
Rapid industrial advancement all over the globe is expected to drive the growth of the ketone market. Wide range of applications of different ketone compounds in several industries such as pharmaceuticals, automobiles, construction & food supplement has increased the demand for ketones. Acetone is one of the major ketone types, which is widely used as a solvent for cleaning purposes in the laboratories and in the production of compounds such as methyl methacrylate and bisphenol. In addition, it is the primary ingredient in nail polish removers and paint thinners. Methyl ethyl ketone (MEK) is another important compound, which has a wide array of applications. For instance, it is used in the formulation of paints and coatings for construction purposes and in automobile and electronics & electrical industries. Moreover, MEK is widely used in the pharmaceutical industry for the production of various drugs and anesthetics.
Another significant application of ketones is for the manufacture of various health supplements. With the increasing awareness of healthcare among people and among the athletes, the supplement manufacturing industry is gaining pace constantly, thus increasing the demand for ketones.
North America is expected to be the largest market for ketones, owing to increase in usage of ketone-based supplements in countries such as the U.S. Moreover, rapid industrialization in emerging economies of Asia-Pacific has boosted the ketone market. The rapidly growing chemical industry escalates the demand for ketone compounds, especially in countries such as China that holds the major portion of the ketone market.
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Key benefits of the report
Questions answered in the global ketone market research report:
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Key Market Players
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