Ketone Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
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A07373
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Sep 2020 |
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COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Ketone Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
Request Now !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
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Report Metric |
Details |
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Market size available for years |
2019–2027 |
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Base year considered |
2019 |
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Forecast period |
2020–2027 |
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Forecast unit |
Value (USD) |
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Segments covered |
Supplement Type, Application, Form, and Region |
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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) |
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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 |
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
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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?
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
- Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
- Technologically sophisticated and reliable insights through well audited and veracious research methodology
- Sovereign research proceeds that present a tangible depiction of marketplace
With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.
Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, web-casts and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast
Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develops analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth and forecasts
Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:
- Chief executives and VPs of leading corporations specific to industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)
Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
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