Ketene Market

Ketene Market: Overview

Demand in the ketenes market has made advances from the role of these class of compounds as reactive intermediates in organic chemistry. They contain the functional grouping C=C=O and are extensively utilized in heterocyclic syntheses. Advances made in organic chemistry for meeting the commercial demands has imparted ketene high significance. They are remarkably versatile reagents in the chemical industry as well as an easy material for making amides and esters. Ketenes have also been popularly utilized in making general adhesive and binding agent, and in sizing application in the paper industry. The growing use of ketenes and ketene dimers is a key factor boosting the evolution of the ketene market.

Ketene Market: Key Trends

The versatility of ketenes for the chemical industry has paved way to massive revenue potential from their demand in pharmaceuticals, beverages, aromatics, and agrochemical applications. The use of amides and anilines is rising in paints and coatings industry. Moreover, the textile industry find ketenes as commercially resourceful material, boosting the growth of the ketene market.

Chemical producers are giving due caution to develop products with promising toxicity profile. This is because several of the ketene derivatives may be a significant irritant to end users. Also, ketenes find use in making improvised explosive devices (IEDs). Thus it is imperative that ketene market should be properly regulated by governments to avoid its unintended use.

Ketene Market: Regional Landscape

On the regional front, North America and Europe have been high value-grab markets for the past few years. On the other hand, Asia Pacific is emerging as a hotbed of opportunities for chemical industry. The sheer pace of industrialization and growing research and development activities in the agrochemicals and paints industry are key trends spurring the prospects in the regional market.