Ketones Market Growth and Forecast to 2026

Posted October 29, 2021 by karthik0459

Geographically the Global Ketones Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa

Market overview:

Increasing consumption of ready meals, health awareness, and multi-functionality of ketones are expected to drive the growth of the ketone industry.

Recent developments:

Smith & Wesson Holding Corporation, the firearms maker, announced earlier this month that it had purchased substantially all of the net assets of Tri Town Precision Plastics, Inc., for $ 22.8 million.
Market Drivers and Restraints:

The worldwide ketone market is relied upon to develop because of expanding request in end-use businesses like car and clinical. There are various sorts of ketones like CH3)2CO, cyclohexane, polyether ether ketone (PEEK), and methyl ethyl ketone (MEK). The most commonly used ketones are sugar (ketoses) and acetone, an industrial solvent. Ketones are produced primarily from organisms. Solvents, pharmaceuticals and polymer precursors were key industries that made ketones on a large scale and are expected to drive global demand during the forecast period. Due to its environmentally friendly nature, it is capable of meeting the strictest emission regulations and standards in developed regions. This trend is expected to greatly increase the market growth during the forecast period. Due to this property, ketone is also expected to establish itself as an alternative to plastic during the forecast period. Extending the application base in car, electronic, electrical and mechanical cycles is relied upon to additionally animate market interest in the coming years. The auto business had the biggest piece of the market as far as utilization. The exorbitant cost alongside different substitutes with comparable properties available is relied upon to hamper the development of the worldwide market all throughout the planet.

To know more read:

Report is segmented as:

By Application:

Food and beverage
Cosmetics and personal care
By Supplement type:

Ketone salts
Ketone esters
Ketone oils
Raspberry ketones
By Form:

Non liquid
Geographical Segmentation:

Asia-Pacific was the main market share holder in the global ketone market. China had the maximum market share for methyl ethyl ketone (MEK). Asia-Pacific is still expected to experience high growth during the forecast period due to favorable economic factors such as industrialization in emerging economies, especially India and China, as well as infrastructure development in the chemical industry. Due to the natural disaster in Japan, the Asia Pacific market has been severely affected in recent years. During the forecast period, healthy growth is expected in the country due to ongoing developments in end-use industries, including chemicals, medicine, and automotive. Significant market growth is expected in North America due to increased demand from end-use industries, primarily the automotive industry during the forecast period. In terms of market growth, North America is expected to be followed by Europe due to a strict regulatory framework.

Impact of COVID-19 on Ketones Market:

In addition, the effect of COVID-19 is also concerned. Since its outbreak in December 2019, the COVID-19 virus has spread to more than 100 countries and caused enormous loss of life and the economy, and the global gathering, travel industry and business sectors The money market has been hit hard, while the online market increases. Fortunately, with improved immunization and other efforts by governments and organizations around the world, the negative effect of COVID-19 is expected to diminish and the global economy is expected to improve.

Key market players:

Global ketone market players includes Tri Town Precision Plastics, A. Schulman AG, J.K. Overseas, Stern Industries Inc., Prototype & Plastic Mold Co. Inc., Parkway Products Inc., Tri-Mack Plastics Manufacturing Corp., Caledonian Ferguson Timpson Ltd, Victrex Plc., Quadrant EPP Surlon India Ltd, Darter Plastics Inc., Panjin Zhongrun High Performance Polymers Co. Ltd, Zyex Ltd, Solvay Specialty Polymers and Jida Evonik High Performance Polymers Co.

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Categories Business , Marketing
Tags ketones market , ketones market growth , ketones market share , ketones market size
Last Updated October 29, 2021