A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Ketone
market. The study,
titled “Ketone
Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast 2014 - 2020”,
is available for sale on the firm’s website.
Ketones
usually simple are compounds that contain a carbonyl group, and due
to exclusion of reactive groups such as –Cl or –OH, ketones are
considered simple in nature. Industrial solvent acetone and sugar
(ketoses) are some of the commonly used ketones. Various methods are
implemented for the production of ketones in academic laboratories on
an industrial scale, and are also produced in certain ways by
organisms. Ketones are manufactured in industries on a large scale as
pharmaceuticals, polymer precursors and solvents.
On
the basis of their type, ketones are divided into cyclohexane, methyl
ethyl ketone (MEK) and acetone. Ketones are a common term in
biochemistry, however, a lesser known term in organic chemistry. MEK
is a colorless, flammable, stable liquid with similar odor to
acetone. MEK exhibits the ability to be miscible with water and other
organic solvents. MEK is a valuable and powerful solvent for many
solvents such as resinous materials owing to its exceptional
solvency.
Get
PDF Brochure for more Professional and Technical insights :
Emerging
regions such as Asia Pacific, particularly China accounted for the
largest market share in the MEK market and expected to lead the
market over the forecast period, due to rapid economic growth in
these economies. However, a recent decrease in market share in 2011
occurred in Asia Pacific where consumption of MEK was affected in
Japan, majorly due to occurrence of natural disasters such as tsunami
and earthquake. Acetone is another type of ketone which is miscible
with water and acts as a vital solvent, particularly for cleaning
applications in laboratories. Acetones are majorly used as solvent as
well as in the production of methyl methacrylate and bisphenol A.
Acetone is a common building block in organic chemistry and are
commonly used in households as active ingredients in nail polish
removers as well as paint thinners.
Other
forms of ketone such as cyclohexane is used for manufacturing
cyclohexanone and cyclohexanol, which are primarily used as
precursors for caprolactum and adipic acid. The global demand for
cyclohexane is expected to remain strong, primarily due to
macroeconomic conditions such as cyclohexane’s intrinsic link to
the polyamide chain and their consumption in textiles, construction
and automobiles.
This
type of ketone is also a bio compatible material, which is semi
crystalline in nature due to which it has been gaining worldwide
acceptance as implants in the medical industry. Lack of toxicity,
sterilization resistance and MRI compatibility are some of primary
characteristics of polyether ether ketone which make them appropriate
for different medical applications such as spine devices. In
addition, rising number of research and development activities for
increasing the application scope of the medical industry of PEEK is
expected to provide new opportunities for the growth of the overall
ketones market.
The
automotive industry accounts for the major segment in the overall
ketones market. On account of rising fuel prices and renewable fuel
resources, fuel efficiency has become a primary factor for the
growing demand for automobiles. Other factors such as the weight of
the vehicle has also been influencing fuel efficiency leading to more
demand for polyether ether ketone due to high strength and light
weight property. In addition, low environmental hazards regarding the
use of ketone as well its manufacturing have the ketone compliant
with various environmental regulations. Due to this, rising demand
for environmental friendly and efficient materials have contributed
significantly towards the growth of the ketone market.
Browse
Market Research Report with ToC & Free Analysis :
Caledonian
Ferguson Timpson Ltd, Jida Evonik High Performance Polymers
(Changchun) Co. Ltd, Panjin Zhongrun High Performance Polymers Co.
Ltd, Prototype & Plastic Mold Co. Inc., Solvay Specialty
Polymers, and Tri Town Precision Plastics, Inc are some of the key
manufacturers of ketone present in the market.
This
research report analyzes this market on the basis of its market
segments, major geographies, and current market trends.
Geographies
analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This
report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
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and analyze information.
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data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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