Ketone Market Analysis 2020-2027:

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

COVID-19 impact analysis

The outbreak of the COVID-19 pandemic has affected the global ketone market to a notable extent.

• Major industries such as the automobile and construction are being severely affected. Since ketone compounds has several applications in these industries, decline in growth of these sectors has negatively impacted the growth of the global ketone market.
• Owing to the nationwide lockdown imposed in several countries, business operations have almost come to a halt. The supply chain between the manufacturers and the end-user industries has been disrupted, thereby affecting the global ketone market.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

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.

Key segments covered

Key benefits of the report

• This study presents the analytical depiction of the global ketone industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global ketone market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global ketone market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the global ketone market research report:

• Which are the leading market players active in the global ketone market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What are the projections for the future that would help in taking further strategic steps?