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.
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:
These players understand the importance of ketones in day to day functioning of various industries and are expected to increase production accordingly.
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.