Global Ketone Market: Overview
Ketones are naturally occurring chemical compounds. Being soluble, they are used as solvents for perfumes and paints. Such solubility prices protection against environmental degradation. Also, adhesives have good use for this chemical. The carpet adhesive industry, electroplating industry and paint manufacture industries all make use of ketones. TMR opines that as demand for these varied sectors increases, so will the ketone market witness steady growth from 2020 - 2030.
Global Ketone Market: Competitive Landscape
A number of players are involved in the production of ketones globally. This makes the market scenario fragmented. Distinguished names in the market landscape are:
- 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
- Jida Evonik High Performance Polymers Co.
These players understand the importance of ketones in day to day functioning of various industries and are expected to increase production accordingly.
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Global Ketone Market: Key Trends and Drivers
- Among others, the textile industry uses ketones on a major scale. Global textile industry is expected to grow at a notable rate over the next four years. This can be attributed to growing awareness among people about good clothing and a robust fashion industry that inspires new styles.
- The paints & coatings market size is projected to grow at a considerable pace, adding to market worth substantially. Ketones form an important soluble base for these paints and the ketone market should grow steadily owing to this trend.
Global Ketone Market: Regional Analysis
The Asia Pacific region (APAC) is currently the global leader in the ketone market given the prevalence of small and medium scale industries here that use ketones on a large scale.
North America and Europe are estimated to register modest growth in this market. Automotive paints should drive demand for ketones here.
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.