Global Bio-ketones Market 2015-2019
About Bio-ketones market
Bio-ketones are a type of organic compounds which possess important physiological properties which are produced from bio-based raw materials, herby making it environment-friendly. Bio-ketones are majorly used as solvents in the paint and coating sector, as preservatives, and in hydraulic fluids.
TechNavio's analysts forecast the Global Bio-ketones Market to grow at a CAGR of 6.86 percent over the period 2014-2019
Covered in this Report
The Global Bio-ketones market can be segmented into three divisions: Bio-MEK, Bio-PEEK, Bio-acetone, and Others. These are sets of methodologies and technologies that transform unstructured and structured data into meaningful and useful information processes.
TechNavio's report, the Global Bio-ketones market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, North America and Europe region; it also covers the Global Bio-ketones market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
TechNavio Announces the Publication of its Research Report – Global Bio-ketones Market 2015-2019
TechNavio recognizes the following companies as the key players in the Global Bio-ketones Market: BASF SE, Eastman Chemical Company and Solvay Specialty Polymers USA, LLC.
Other Prominent Vendors in the market are: AstaTech, Celanese, Falcon Worldwide Chemical, Greenchem Industries, LanzaTech, Rieke Metals and Sigma-Aldrich.
Commenting on the report, an analyst from TechNavio’s team said: “An increase in demand from emerging economies such as South America and Africa is one of the trends expected to be witnessed by the Global Bio-ketones market. Growing awareness of environment-friendly and sustainable development in emerging economies is projected to open up new applications for PEEK, which is one of the major product types in the Global Bio-ketones market.”
According to the report, one of the key drivers contributing to the growth of the Global Bio-ketones market is the scarcity of non-renewable resources such as crude oil. Bio-based production of chemicals is replacing the traditional petroleum-based production of chemicals because of rising crude oil prices.
Further, the report states that one of the key challenges hindering the growth of the market is the limited availability of raw materials in many countries. Bio-based raw materials are not easily available in countries such as Germany and the US.
BASF, Eastman Chemicals, Solvay Specialty Polymers , Greenchem Industries, Lanzatech