MarketStudyReport.com adds “Global Bio-Ketones Market Segmented by Product Type, By Application Industry, and Geography Trends and Forecasts (2015-2020)” new report to its research database.
The Global Bio-ketones Market has been estimated at USD XX.XX billion in 2015 and is projected to reach USD XX.XX billion by 2020, at a CAGR of XX.XX% during the forecast period. Bio-ketones are environment-friendly organic compounds that are produced from bio-based raw materials. Bio-ketones are used as solvents in the Paints and Coatings sector, as preservatives, and in hydraulic fluids.
Bio-ketones can be used for various applications such as paints and coatings, automobile, aerospace, infrastructure, pharmaceutical, and others. Paints and coatings is the major application in the Bio-ketones Market t, accounting for a share of XX.XX % in 2015.The automobile segment will be the fastest growing segment, growing at a CAGR of XX.XX% in 2015. The Market is als Segmented on the basis of product type such as Bio MEEK, Bio-PEK, Bio Acetone, and others. Bio-MEEK will be the largest segment accounting for a share of XX.XX% in 2015.
The Market is driven by rising crude oil prices, demand from automobile industry, and stringent government regulations. However, this Market faces certain drawbacks such as shortage of raw material and the huge competition from fossil-fuel products.
Asia-Pacific is the leading consumer of Bio-ketones in 2015 accounting for a share of XX%, followed by North America and Europe. The Bio-ketones Market in China will grow at a high rate during the forecast period owing to the huge demand from the pharmaceutical industry in China.
Furthermore, the shifting focus towards organic alternatives and shifting focus towards the usage of eco-friendly products will offer numerous opportunities in the growth of the bio-ketones Market t. Some of the major companies dominating the Market with its products, and continuous product developments are BASF, Solvay Speciality Polymers, Celanese Corporation, Greenchem Industries, AstaTech, Inc., Genomatica, and Eastman Chemicals.
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Key Deliverables in the Study
- Market analysis for the Global Bio-ketones Market , with region specific assessments and competition analysis on global and regional scales
- Market definition along with the identification of key drivers and restraints
- Identification of factors instrumental in changing the Market scenarios, rising prospective opportunities, and identification of key companiesthat can influence this Market on a global and regional scale
- Extensively researched competitive landscape section with profiles of major companiesalong with their Market shares
- Identification and analysis of the macro and micro factors that affect the global Bio-ketones
- Market on both global and regional scales
- A comprehensive list of key Market players along with the analysis of their current strategic interests and key financial information
- A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied Market t
- Insights on the major countries/regions in which this industry is booming and to also identify the regions that are still untapped
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