New

Ketones Market

2021

Ketones Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Form (Solid and Liquid) and Application (Food & Beverage, Dietary Supplements, Personal Care & Cosmetics, and Others)

Publication Month: Nov 2021 | Report Code: TIPRE00008148 | No. of Pages: 130 | Category: Food and Beverages | Status: Published

Market Insights

Ketones Market to Grow at a CAGR of 6.5% to reach US$ 7,106.5 Million from 2021 to 2028

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The ketones market was valued at US$ 4,286.5 million in 2020 and is projected to reach US$ 7,106.5 million by 2028; it is expected to grow at a CAGR of 6.5% from 2021 to 2028.

Ketones, such as acetone, methyl ethyl ketone, and diisobutyl ketones, are widely used as industrial solvents and chemical intermediates for manufacturing coatings, adhesives, paints, paint removers, rubbers, plastics, and pharmaceutical products. Moreover, exogenous ketones are used in dietary supplements. They commonly consist of ketone salts, also known as Beta-hydroxybutyrate or BHB, and ketone esters.

In 2020, Asia-Pacific held the largest share of the global ketones market and is estimated to register the highest CAGR in the market during the forecast period. Increased demand for health-beneficial supplements is one of the key factors driving the market growth in Asia-Pacific. Changing eating habits of people because of their hectic lifestyles and health concerns are also boosting the growth of the ketone supplement market in the area. Moreover, the chemical sector accounts for over 45% of world chemical output and more than 69% of global chemical jobs in Asia Pacific, according to The International Institute for Sustainable Development. In the chemical industry, ketones are extensively utilized as solvents and catalysts. Thus, the well-established chemicals industry in Asia-Pacific is expected to boost the growth of the ketones market in the coming period.


Strategic Insights

Impact of COVID-19 Pandemic on Ketones Market

The COVID-19 pandemic has drastically affected various industries in terms of sales and operations owing to many factors such as extended lockdowns across different regions, restrictions imposed on international trades, shutdown of manufacturing units, bans on travel, disintegration in supply chain, and shortage in the supply of raw materials. The food & beverages and chemical industry are among the significant sectors that suffered from severe disruptions, such as supply chain restriction and production plants shutdown, because of the COVID-19 outbreak. The shutdown of various plants and factories in leading regions such as North America, Europe, and Asia-Pacific has hindered the global supply chain, manufacturing activities, delivery schedules, and various products sales. All these factors affected the both the chemical and food & beverage industries in a negative manner. Ketones are often utilized as solvents, chemical intermediates, and as catalyst in the chemical industry. They also have great demand from paints & coating, adhesives, printing inks, and similar industries. Also, these are utilized in the electroplating industry as cold-cleaning solvents, vapor degreasing solvents, and laboratory chemicals. Ketones are also used in the production of dietary supplements, protein shakes & powders, and pharmaceuticals. Disruptions in terms of sourcing of raw materials from suppliers and temporarily closures of manufacturing bases due to indefinite lockdowns and temporary quarantines have restrained the growth of the market during the pandemic. However, the pandemic has generated the need for healthy living among the consumers. Therefore, the consumers have shifted their attention toward personal health and nutritional diet. Thus, the demand for weight-management products and ketone supplements surged during the pandemic, directly driving the ketones market. Sales have been slow in the first quarter of 2020, as many stores have closed. However, businesses are gaining ground as previously imposed limitations are being eased across various locations. Moreover, the introduction of COVID-19 vaccines by governments of different countries has further eased out the situation leading to rise in business activities across the world. The food & beverage processing industries are recovering their losses by opening their production units and starting the operations with half of the capacities. These factors are expected to propel the market growth during the forecast period.

Ketones Market Breakdown: by Region, 2020

Ketones Market Breakdown: by Region, 2020

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Market Insights

Escalating Demand from Various Industries

Ketones are versatile organic compounds having multiple applications across various industries. Acetone, methyl ethyl ketone, methyl isobutyl ketone, and diisobutyl ketone are among the important ketones that are commonly used in the manufacturing of resins, plastics, paints and lacquers, varnishes, coatings, rubber products, and other industrial products. Acetone is used in nail polish removers. It is commonly used to degrease wool and degum silk in the textile industry. Acetone is often employed as a solvent in the manufacturing of lacquers used for automotive and furniture finishing. It can also be used to reduce the viscosity of lacquer solutions. The paints and coatings industry accounts for more than half of the demand generated for methyl ethyl ketone (MEK) products, as these materials can be used to produce a low-viscosity solution without impairing their film attributes. The automobile, electric goods, and furniture industries all employ these lacquers. Lacquers are excellent surface coating solvents and are essential in the creation of high-solid, low-emission coatings. MEKs are also used in the production of polymers and textiles, as well as printing inks, adhesives, insecticides, and rubber-based industrial cements. Ketones have wide applications in the food & beverage, and pharmaceuticals and nutraceuticals industries, wherein they are used in the manufacturing of supplements, energy drinks, ready-to-drink (RTD) shakes, and shake powders, among other products. Ketone-based food products and supplements help in the weight loss process as they trigger the use of fats deposited in the body. Furthermore, the growing popularity of ketones as a fractionating agent in the extraction of oils and fats, and rising demand for these compounds for sterilizing medical equipment owing to their ability to kill germs is expected to further drive the market growth during the forecast period. Ketones are also used in the manufacturing of personal care and cosmetic products owing to their pleasant odor. Moreover, they are used as chemical intermediates in various pharmaceutical product and chemical manufacturing plants. Thus, continuously rising demand for ketones from various industries, such as automotive, paints and coatings, adhesives, resin manufacturing, food & beverages, pharmaceuticals and nutraceuticals, and personal care and cosmetics, is contributing to the ketones market growth.

Form Insights

Based on form, the ketones market is bifurcated into solid and liquid. The liquid segment accounted for a larger market share in 2020 and the solid segment is expected to register a higher CAGR in the market during the forecast period. Liquid ketones are being used as solvents and catalysts in the manufacturing of coatings, adhesives, printing inks, chemical intermediaries, perfumes, lacquers, paint removers, lubricating agents, and plastics and resins, among other products. Acetone, diisobutyl ketone, methyl ethyl ketone, methyl isobutylene ketone, etc., are the most commonly available liquid ketones in market. Liquid ketones are known for their distinctive pleasant smell. Ketone esters are used in the liquid form in dietary supplements. Growing demand for liquid ketones from chemical manufacturing companies is a prime contributor to the growth of the market for liquid segment.

Application Insights

Based on application, the ketones market is segmented into food & beverage, dietary supplements, personal care & cosmetics, and others. The other application segment accounted for the largest market share in 2020, and the dietary supplements segment is expected to register the highest CAGR in the market during the forecast period. Other applications of ketones are chemical and industrial applications. Ketones such as methyl ethyl ketone, methyl isobutyl ketone, di-isobutyl ketone, and acetone are widely used chemical intermediates in the chemicals industry. Acetone is widely used as a chemical intermediate in the production of acrylic plastics, polycarbonates, and epoxy resins. Moreover, diisobutyl ketone is used as a chemical intermediate in the synthesis of diisobutyl carbinol. Additionally, methyl ethyl ketones are used as a chemical intermediate in the manufacturing of certain pharmaceutical products. Acrylic plastics and epoxy resins are extensively used in automotive and signage applications. Diisobutyl carbinol is used in the synthesis of hydrogen peroxide, lacquers, shellac, printing inks, vinyl-chloride-acetate resins, urea-melamine resins, and alkyd resins. Ketones are used as industrial solvents in the manufacturing of paints and coatings, adhesives, automotive finishes, rubbers, textiles, varnishes, printing inks, etc. In the coatings industry, they are widely used as solvents in the production of nitrocellulose and other cellulose esters, resins, and vinyl chloride-vinyl acetate. These solvents can be employed as active solvents or diluents, and they are frequently used in conjunction with other solvents. Methyl ethyl ketones are commonly used as a solvent in rubber manufacturing. Further, ketones are used as a fractionating agent in the extraction of oils and fats. They are used to sterilize medical equipment such as surgical instruments, hypodermic needles, syringes, and dental instruments.

Ketones Market, by Application – 2020 and 2028

Ketones Market, by Application – 2020 and 2028

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A few players operating in the ketones market are Compound Solutions Inc.; Aurochemicals; Taj Pharmaceuticals Chemicals; Orchid Chemical Supplies Ltd; Hunan NutraMax Inc.; HEALTH SOURCES NUTRITION CO., LTD.; Advanced Biotech; Eastman Chemical Company; Royal Dutch Shell plc.; and SABIC.

Report Spotlights

  • Progressive industry trends in the ketones market to help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the ketones market from 2019 to 2028
  • Estimation of global demand for ketones
  • Porter’s five forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
  • Recent developments to understand the competitive market scenario
  • Market trends and outlook as well as factors driving and restraining the growth of the ketones market
  • Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
  • The size of the ketones market size at various nodes
  • Detailed overview and segmentation of the market, as well as the ketones industry dynamics
  • Size of the ketones market in various regions with promising growth opportunities

Ketones Market – by Form

  • Solid
  • Liquid

Ketones Market – by Application

  • Food & Beverage
  • Dietary Supplements
  • Personal Care & Cosmetics
  • Others

Company Profiles

  • Compound Solutions Inc.
  • Aurochemicals
  • Taj Pharmaceuticals Chemicals
  • Orchid Chemical Supplies Ltd
  • Hunan NutraMax Inc.
  • HEALTH SOURCES NUTRITION CO., LTD.
  • Advanced Biotech
  • Eastman Chemical Company
  • Royal Dutch Shell plc.
  • SABIC

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

1.3.1 Ketones Market, by Form

1.3.2 Ketones Market, by Application

1.3.3 Ketones Market, by Geography

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis Formulation:

3.2.4 Macro-economic Factor Analysis:

3.2.5 Developing Base Number:

3.2.6 Data Triangulation:

3.2.7 Country Level Data:

3.2.8 Limitations & Assumptions:

4. Ketones Market Landscape

4.1 Market Overview

4.2 Porter’s Five Forces Analysis

4.2.1 Bargaining Power of Suppliers

4.2.2 Bargaining Power of Buyers

4.2.3 Threat of Substitutes

4.2.4 Threat of New Entrants

4.2.5 Intensity of Competitive Rivalry

4.3 Expert Opinion

4.4 Ecosystem Analysis

5. Ketones Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Escalating Demand from Various Industries

5.1.2 Rising Popularity of Ketone Supplements

5.2 Market Restraint

5.2.1 Lack of Awareness and Low Adoption of Ketone Supplements in Developing Economies.

5.3 Market Opportunities

5.3.1 New Product Launches

5.4 Future Trends

5.4.1 Rising Preference for Bio-Ketones over Conventional Ketones

5.5 Impact Analysis of Drivers and Restraint

6. Ketones – Global Market Analysis

6.1 Ketones Market Overview

6.2 Ketones Market –Revenue and Forecast to 2028 (US$ Mn)

6.1 Market Positioning

7. Ketones Market Analysis – By Form

7.1 Overview

7.2 Ketones Market, By Form (2020 and 2028)

7.3 Solid

7.3.1 Overview

7.3.2 Solid: Ketones Market – Revenue and Forecast to 2028 (US$ Mn)

7.4 Liquid

7.4.1 Overview

7.4.2 Liquid: Ketones Market – Revenue and Forecast to 2028 (US$ Mn)

8. Ketones Market Analysis – By Application

8.1 Overview

8.2 Ketones Market, By Application (2020 and 2028)

8.3 Food and Beverage

8.3.1 Overview

8.3.2 Food and Beverage: Ketones Market – Revenue and Forecast to 2028 (US$ Mn)

8.4 Dietary Supplements

8.4.1 Overview

8.4.2 Dietary Supplements: Ketones Market – Revenue and Forecast to 2028 (US$ Mn)

8.5 Personal Care and Cosmetics

8.5.1 Overview

8.5.2 Personal Care and Cosmetics: Ketones Market – Revenue and Forecast to 2028 (US$ Mn)

8.6 Others

8.6.1 Overview

8.6.2 Others: Ketones Market – Revenue and Forecast to 2028 (US$ Mn)

9. Ketones Market – Geographic Analysis

9.1 Overview

9.2 North America: Ketones Market

9.2.1 North America: Ketones Market –Revenue and Forecast to 2028 (US$ Mn)

9.2.2 North America: Ketones Market, By Form

9.2.3 North America: Ketones Market, By Application

9.2.4 North America: Ketones Market, by Key Country

9.2.4.1 US: Ketones Market – Revenue and Forecast to 2028 (US$ Mn)

9.2.4.1.1 US: Ketones Market, by Form

9.2.4.1.2 US: Ketones Market, by Application

9.2.4.2 Canada: Ketones Market – Revenue and Forecast to 2028 (US$ Mn)

9.2.4.2.1 Canada: Ketones Market, by Form

9.2.4.2.2 Canada: Ketones Market, by Application

9.2.4.3 Mexico: Ketones Market – Revenue and Forecast to 2028 (US$ Mn)

9.2.4.3.1 Mexico: Ketones Market, by Form

9.2.4.3.2 Mexico: Ketones Market, by Application

9.3 Europe: Ketones Market

9.3.1 Europe: Ketones Market – Analysis and Forecast to 2028 (US$ Mn)

9.3.2 Europe: Ketones Market, by Form

9.3.3 Europe: Ketones Market, by Application

9.3.4 Europe: Ketones Market, by Key Country

9.3.4.1 Germany: Ketones Market –Analysis and Forecast to 2028 (US$ Mn)

9.3.4.1.1 Germany: Ketones Market, by Form

9.3.4.1.2 Germany: Ketones Market, by Application

9.3.4.2 France: Ketones Market –Analysis and Forecast to 2028 (US$ Mn)

9.3.4.2.1 France: Ketones Market, by Form

9.3.4.2.2 France: Ketones Market, by Application

9.3.4.3 UK: Ketones Market –Analysis and Forecast to 2028 (US$ Mn)

9.3.4.3.1 UK: Ketones Market, by Form

9.3.4.3.2 UK: Ketones Market, by Application

9.3.4.4 Italy: Ketones Market –Analysis and Forecast to 2028 (US$ Mn)

9.3.4.4.1 Italy: Ketones Market, by Form

9.3.4.4.2 Italy: Ketones Market, by Application

9.3.4.5 Russia: Ketones Market –Analysis and Forecast to 2028 (US$ Mn)

9.3.4.5.1 Russia: Ketones Market, by Form

9.3.4.5.2 Russia: Ketones Market, by Application

9.3.4.6 Rest of Europe: Ketones Market –Analysis and Forecast to 2028 (US$ Mn)

9.3.4.6.1 Rest of Europe: Ketones Market, by Form

9.3.4.6.2 Rest of Europe: Ketones Market, by Application

9.4 Asia-Pacific: Ketones Market

9.4.1 Asia-Pacific: Ketones Market – Analysis and Forecast to 2028 (US$ Mn)

9.4.2 Asia-Pacific: Ketones Market, by Form

9.4.3 Asia-Pacific: Ketones Market, by Application

9.4.4 Asia-Pacific: Ketones Market, by Key Country

9.4.4.1 China: Ketones Market –Analysis and Forecast to 2028 (US$ Mn)

9.4.4.1.1 China: Ketones Market, by Form

9.4.4.1.2 China: Ketones Market, by Application

9.4.4.2 Japan: Ketones Market –Analysis and Forecast to 2028 (US$ Mn)

9.4.4.2.1 Japan: Ketones Market, by Form

9.4.4.2.2 Japan: Ketones Market, by Application

9.4.4.3 India: Ketones Market –Analysis and Forecast to 2028 (US$ Mn)

9.4.4.3.1 India: Ketones Market, by Form

9.4.4.3.2 India: Ketones Market, by Application

9.4.4.4 Australia: Ketones Market –Analysis and Forecast to 2028 (US$ Mn)

9.4.4.4.1 Australia: Ketones Market, by Form

9.4.4.4.2 Australia: Ketones Market, by Application

9.4.4.5 South Korea: Ketones Market –Analysis and Forecast to 2028 (US$ Mn)

9.4.4.5.1 South Korea: Ketones Market, by Form

9.4.4.5.2 South Korea: Ketones Market, by Application

9.4.4.6 Rest of Asia-Pacific: Ketones Market –Analysis and Forecast to 2028 (US$ Mn)

9.4.4.6.1 Rest of Asia-Pacific: Ketones Market, by Form

9.4.4.6.2 Rest of Asia-Pacific: Ketones Market, by Application

9.5 Middle East and Africa: Ketones Market

9.5.1 Middle East and Africa: Ketones Market – Analysis and Forecast to 2028 (US$ Mn)

9.5.2 Middle East and Africa: Ketones Market, by Form

9.5.3 Middle East and Africa: Ketones Market, by Application

9.5.4 Middle East and Africa: Ketones Market, by Key Country

9.5.4.1 South Africa: Ketones Market –Analysis and Forecast to 2028 (US$ Mn)

9.5.4.1.1 South Africa: Ketones Market, by Form

9.5.4.1.2 South Africa: Ketones Market, by Application

9.5.4.2 Saudi Arabia: Ketones Market –Analysis and Forecast to 2028 (US$ Mn)

9.5.4.2.1 Saudi Arabia: Ketones Market, by Form

9.5.4.2.2 Saudi Arabia: Ketones Market, by Application

9.5.4.3 UAE: Ketones Market –Analysis and Forecast to 2028 (US$ Mn)

9.5.4.3.1 UAE: Ketones Market, by Form

9.5.4.3.2 UAE: Ketones Market, by Application

9.5.4.4 Rest of the Middle East and Africa: Ketones Market –Analysis and Forecast to 2028 (US$ Mn)

9.5.4.4.1 Rest of the Middle East and Africa: Ketones Market, by Form

9.5.4.4.2 Rest of the Middle East and Africa: Ketones Market, by Application

9.6 South America: Ketones Market

9.6.1 South America: Ketones Market – Revenue and Forecast to 2028(US$ Mn)

9.6.2 South America: Ketones Market, By Form

9.6.3 South America: Ketones Market, by Application

9.6.4 South America: Ketones Market, by Key Country

9.6.4.1 Brazil: Ketones Market –Revenue and Forecast to 2028 (US$ Mn)

9.6.4.1.1 Brazil: Ketones Market, By Form

9.6.4.1.2 Brazil: Ketones Market, by Application

9.6.4.2 Argentina: Ketones Market –Revenue and Forecast to 2028 (US$ Mn)

9.6.4.2.1 Argentina: Ketones Market, By Form

9.6.4.2.2 Argentina: Ketones Market, by Application

9.6.4.3 Rest of SAM: Ketones Market –Revenue and Forecast to 2028 (US$ Mn)

9.6.4.3.1 Rest of SAM: Ketones Market, By Form

9.6.4.3.2 Rest of SAM: Ketones Market, by Application

10. Impact of COVID-19 Pandemic on Ketones Market

10.1 Overview

10.2 North America: Impact Assessment of COVID-19 Pandemic

10.3 Europe: Impact Assessment of COVID-19 Pandemic

10.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic

10.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic

10.6 South America: Impact Assessment of COVID-19 Pandemic

11. Company Profiles

11.1 Compound Solutions, Inc

11.1.1 Key Facts

11.1.2 Business Description

11.1.3 Products and Services

11.1.4 Financial Overview

11.1.5 SWOT Analysis

11.1.6 Key Developments

11.2 Aurochemicals

11.2.1 Key Facts

11.2.2 Business Description

11.2.3 Products and Services

11.2.4 Financial Overview

11.2.5 SWOT Analysis

11.2.6 Key Developments

11.3 Taj Pharmaceuticals Chemicals

11.3.1 Key Facts

11.3.2 Business Description

11.3.3 Products and Services

11.3.4 Financial Overview

11.3.5 SWOT Analysis

11.3.6 Key Developments

11.4 Orchid Chemical Supplies Ltd

11.4.1 Key Facts

11.4.2 Business Description

11.4.3 Products and Services

11.4.4 Financial Overview

11.4.5 SWOT Analysis

11.4.6 Key Developments

11.5 Hunan NutraMax Inc.

11.5.1 Key Facts

11.5.2 Business Description

11.5.3 Products and Services

11.5.4 Financial Overview

11.5.5 SWOT Analysis

11.5.6 Key Developments

11.6 Health Sources Nutrition CO., LTD.

11.6.1 Key Facts

11.6.2 Business Description

11.6.3 Products and Services

11.6.4 Financial Overview

11.6.5 SWOT Analysis

11.6.6 Key Developments

11.7 Advanced Biotech

11.7.1 Key Facts

11.7.2 Business Description

11.7.3 Products and Services

11.7.4 Financial Overview

11.7.5 SWOT Analysis

11.7.6 Key Developments

11.8 Eastman Chemical Company

11.8.1 Key Facts

11.8.2 Business Description

11.8.3 Products and Services

11.8.4 Financial Overview

11.8.5 SWOT Analysis

11.8.6 Key Developments

11.9 Royal Dutch Shell plc

11.9.1 Key Facts

11.9.2 Business Description

11.9.3 Products and Services

11.9.4 Financial Overview

11.9.5 SWOT Analysis

11.9.6 Key Developments

11.10 SABIC

11.10.1 Key Facts

11.10.2 Business Description

11.10.3 Products and Services

11.10.4 Financial Overview

11.10.5 SWOT Analysis

11.10.6 Key Developments

12. Appendix

12.1 About The Insight Partners

12.2 Glossary


LIST OF TABLES

Table 1. Ketones Market –Revenue and Forecast to 2028 (US$ Mn)

Table 2. North America Ketones Market, by Form – Revenue and Forecast to 2028 (US$ Mn)

Table 3. North America Ketones Market, by Application – Revenue and Forecast to 2028 (US$ Mn)

Table 4. US Ketones Market, by Form – Revenue and Forecast to 2028 (US$ Mn)

Table 5. US Ketones Market, by Application – Revenue and Forecast to 2028 (US$ Mn)

Table 6. Canada Ketones Market, by Form – Revenue and Forecast to 2028 (US$ Mn)

Table 7. Canada Ketones Market, by Application – Revenue and Forecast to 2028 (US$ Mn)

Table 8. Mexico Ketones Market, by Form – Revenue and Forecast to 2028 (US$ Mn)

Table 9. Mexico Ketones Market, by Application – Revenue and Forecast to 2028 (US$ Mn)

Table 10. Europe Ketones Market, by Form– Revenue and Forecast to 2028 (US$ Mn)

Table 11. Europe Ketones Market, by Application– Revenue and Forecast to 2028 (US$ Mn)

Table 12. Germany Ketones Market, by Form– Revenue and Forecast to 2028 (US$ Mn)

Table 13. Germany Ketones Market, by Application– Revenue and Forecast to 2028 (US$ Mn)

Table 14. France Ketones Market, by Form– Revenue and Forecast to 2028 (US$ Mn)

Table 15. France Ketones Market, by Application– Revenue and Forecast to 2028 (US$ Mn)

Table 16. UK Ketones Market, by Form– Revenue and Forecast to 2028 (US$ Mn)

Table 17. UK Ketones Market, by Application– Revenue and Forecast to 2028 (US$ Mn)

Table 18. Italy Ketones Market, by Form– Revenue and Forecast to 2028 (US$ Mn)

Table 19. Italy Ketones Market, by Application– Revenue and Forecast to 2028 (US$ Mn)

Table 20. Russia Ketones Market, by Form– Revenue and Forecast to 2028 (US$ Mn)

Table 21. Russia Ketones Market, by Application– Revenue and Forecast to 2028 (US$ Mn)

Table 22. Rest of Europe Ketones Market, by Form– Revenue and Forecast to 2028 (US$ Mn)

Table 23. Rest of Europe Ketones Market, by Application– Revenue and Forecast to 2028 (US$ Mn)

Table 24. Asia-Pacific Ketones Market, by Form– Revenue and Forecast to 2028 (US$ Mn)

Table 25. Asia-Pacific Ketones Market, by Application– Revenue and Forecast to 2028 (US$ Mn)

Table 26. China Ketones Market, by Form– Revenue and Forecast to 2028 (US$ Mn)

Table 27. China Ketones Market, by Application– Revenue and Forecast to 2028 (US$ Mn)

Table 28. Japan Ketones Market, by Form– Revenue and Forecast to 2028 (US$ Mn)

Table 29. Japan Ketones Market, by Application– Revenue and Forecast to 2028 (US$ Mn)

Table 30. India Ketones Market, by Form– Revenue and Forecast to 2028 (US$ Mn)

Table 31. India Ketones Market, by Application– Revenue and Forecast to 2028 (US$ Mn)

Table 32. Australia Ketones Market, by Form– Revenue and Forecast to 2028 (US$ Mn)

Table 33. Australia Ketones Market, by Application– Revenue and Forecast to 2028 (US$ Mn)

Table 34. South Korea Ketones Market, by Form– Revenue and Forecast to 2028 (US$ Mn)

Table 35. South Korea Ketones Market, by Application– Revenue and Forecast to 2028 (US$ Mn)

Table 36. Rest of Asia-Pacific Ketones Market, by Form– Revenue and Forecast to 2028 (US$ Mn)

Table 37. Rest of Asia-Pacific Ketones Market, by Application– Revenue and Forecast to 2028 (US$ Mn)

Table 38. Middle East and Africa Ketones Market, by Form– Revenue and Forecast to 2028 (US$ Mn)

Table 39. Middle East and Africa Ketones Market, by Application– Revenue and Forecast to 2028 (US$ Mn)

Table 40. South Africa Ketones Market, by Form– Revenue and Forecast to 2028 (US$ Mn)

Table 41. South Africa Ketones Market, by Application– Revenue and Forecast to 2028 (US$ Mn)

Table 42. Saudi Arabia Ketones Market, by Form– Revenue and Forecast to 2028 (US$ Mn)

Table 43. Saudi Arabia Ketones Market, by Application– Revenue and Forecast to 2028 (US$ Mn)

Table 44. UAE Ketones Market, by Form– Revenue and Forecast to 2028 (US$ Mn)

Table 45. UAE Ketones Market, by Application– Revenue and Forecast to 2028 (US$ Mn)

Table 46. Rest of the Middle East and Africa Ketones Market, by Form– Revenue and Forecast to 2028 (US$ Mn)

Table 47. Rest of the Middle East and Africa Ketones Market, by Application– Revenue and Forecast to 2028 (US$ Mn)

Table 48. South America Ketones Market, By Form – Revenue and Forecast to 2028 (US$ Mn)

Table 49. South America Ketones Market, by Application – Revenue and Forecast to 2028 (US$ Mn)

Table 50. Brazil Ketones Market, By Form – Revenue and Forecast to 2028 (US$ Mn)

Table 51. Brazil Ketones Market, by Application – Revenue and Forecast to 2028 (US$ Mn)

Table 52. Argentina Ketones Market, By Form – Revenue and Forecast to 2028 (US$ Mn)

Table 53. Argentina Ketones Market, by Application – Revenue and Forecast to 2028 (US$ Mn)

Table 54. Rest of SAM Ketones Market, By Form – Revenue and Forecast to 2028 (US$ Mn)

Table 55. Rest of SAM Ketones Market, by Application – Revenue and Forecast to 2028 (US$ Mn)

Table 56. Glossary of Terms, Global Ketones Market


LIST OF FIGURES

Figure 1. Ketones Market Segmentation

Figure 2. Ketones Market Segmentation – By Geography

Figure 3. Global Ketones Market Overview

Figure 4. Global Ketones Market, by Form

Figure 5. Global Ketones Market, Geography

Figure 6. Porter ‘s Five Forces Analysis for Ketones Market

Figure 7. Expert Opinion

Figure 8. Ketones Market – Ecosystem Analysis

Figure 9. Ketones Market Impact Analysis of Drivers and Restraints

Figure 10. Geographic Overview of Ketones Market

Figure 11. Global: Ketones Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 12. Ketones Market Revenue Share, By Form (2020 and 2028)

Figure 13. Solid: Ketones Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 14. Liquid: Ketones Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 15. Ketones Market Revenue Share, By Application (2020 and 2028)

Figure 16. Food and Beverage: Ketones Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 17. Dietary Supplements: Ketones Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 18. Personal Care and Cosmetics: Ketones Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 19. Others: Ketones Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 20. Global Ketones Market Revenue Share, By Region (2020 and 2028)

Figure 21. North America: Ketones Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 22. North America: Ketones Market Revenue Share, by Form (2020 and 2028)

Figure 23. North America: Ketones Market Revenue Share, by Application (2020 and 2028)

Figure 24. North America: Ketones Market Revenue Share, by Key Country (2020 and 2028)

Figure 25. US: Ketones Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 26. Canada: Ketones Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 27. Mexico: Ketones Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 28. Europe: Ketones Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 29. Europe: Ketones Market Revenue Share, by Form (2020 and 2028)

Figure 30. Europe: Ketones Market Revenue Share, by Application (2020 and 2028)

Figure 31. Europe: Ketones Market Revenue Share, by Key Country (2020 and 2028)

Figure 32. Germany: Ketones Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 33. France: Ketones Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 34. UK: Ketones Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 35. Italy: Ketones Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 36. Russia: Ketones Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 37. Rest of Europe: Ketones Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 38. Asia-Pacific: Ketones Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 39. Asia-Pacific: Ketones Market Revenue Share, by Form (2020 and 2028)

Figure 40. Asia-Pacific: Ketones Market Revenue Share, by Application (2020 and 2028)

Figure 41. Asia-Pacific: Ketones Market Revenue Share, by Key Country (2020 and 2028)

Figure 42. China: Ketones Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 43. Japan: Ketones Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 44. India: Ketones Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 45. Australia: Ketones Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 46. South Korea: Ketones Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 47. Rest of Asia-Pacific: Ketones Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 48. Middle East and Africa: Ketones Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 49. Middle East and Africa: Ketones Market Revenue Share, by Form (2020 and 2028)

Figure 50. Middle East and Africa: Ketones Market Revenue Share, by Application (2020 and 2028)

Figure 51. Middle East and Africa: Ketones Market Revenue Share, by Key Country (2020 and 2028)

Figure 52. South Africa: Ketones Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 53. Saudi Arabia: Ketones Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 54. UAE: Ketones Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 55. Rest of the Middle East and Africa: Ketones Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 56. South America: Ketones Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 57. South America: Ketones Market Revenue Share, By Form (2020 and 2028)

Figure 58. South America: Ketones Market Revenue Share, by Application (2020 and 2028)

Figure 59. South America: Ketones Market Revenue Share, by Key Country (2020 and 2028)

Figure 60. Brazil: Ketones Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 61. Argentina: Ketones Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 62. Rest of SAM: Ketones Market –Revenue and Forecast to 2028 (US$ Mn)

Figure 63. Impact of COVID-19 Pandemic in North American Country Markets

Figure 64. Impact of COVID-19 Pandemic in Europe Country Markets

Figure 65. Impact of COVID-19 Pandemic in Asia-Pacific Country Markets

Figure 66. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets

Figure 67. Impact of COVID-19 Pandemic in South America Country Markets

The List of Companies - Ketones Market

  1. Compound Solutions Inc.
  2. Aurochemicals
  3. Taj Pharmaceuticals Chemicals
  4. Orchid Chemical Supplies Ltd
  5. Hunan NutraMax Inc.
  6. Health Sources Nutrition Co., Ltd.
  7. Advanced Biotech
  8. Eastman Chemical Company
  9. Royal Dutch Shell plc.
  10. SABIC
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the global ketones market, thereby allowing players to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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Frequently Asked Questions

The major players operating in the global ketones market are Compound Solutions Inc.; Aurochemicals; Taj Pharmaceuticals Chemicals; Orchid Chemical Supplies Ltd; Hunan NutraMax Inc.; HEALTH SOURCES NUTRITION CO., LTD.; Advanced Biotech; Eastman Chemical Company; Royal Dutch Shell plc.; and SABIC.

During the forecast period, Asia Pacific is anticipated to account for the largest share in the global ketones market. One of the key drivers of ketones' growth in Asia-Pacific is the increased demand for health-beneficial supplements. Changing eating habits of people because of their hectic lifestyles and health concerns, boosting the expansion of the ketone supplement market in the area. Moreover, in the chemical industry, ketones are extensively utilized as solvents and catalysts. The well-established chemicals industry in Asia-Pacific is expected to further boost the growth of ketones market in the forthcoming period.

Based on form, the liquid segment is anticipated to account for the largest share in the global ketones market. The growth is attributed to the use of liquid ketones as solvents and catalysts for manufacturing multiple products such as coatings, adhesives, printing inks, chemical intermediaries, perfumes, lacquers, paint removers, lubricating agents, plastics and resins, among others. The most common liquid ketones include acetone, diisobutyl ketone, methyl ethyl ketone, and methyl isobutylene ketone, among others. Moreover, liquid ketones are known for their distinctive pleasant odor. The growing demand for liquid ketones from chemical manufacturers is primarily driving the market growth.

On the basis of application, the others segment led the global ketones market in 2020. The others segment includes chemical and industrial applications. Ketones such as methyl ethyl ketone, methyl isobutyl ketone, di-isobutyl ketone, and acetone are widely used chemical intermediates in the chemicals industry. Acetone is widely used as a chemical intermediate in the production of acrylic plastics, polycarbonates, and epoxy resins. Further, ketones are used as industrial solvents in the manufacturing of paints and coatings, adhesives, automotive finishes, rubbers, textiles, varnishes, printing inks, etc. In the coatings industry, they are widely used as solvents in the production of nitrocellulose and other cellulose esters, resins, and vinyl chloride-vinyl acetate. These solvents can be employed as active solvents or diluents, and they are frequently used in conjunction with other solvents. Methyl ethyl ketones are commonly used as a solvent in rubber manufacturing.

North America is anticipated to hold the second largest share for the ketones market during the projection period. The US, Canada, and Mexico are among the major economies in North America, and the US dominates the market in this region. A rise in the prevalence of obesity in North America is anticipated to drive demand for ketone supplements and food products for shredding weight. This population is generating high demand for low-carb and high-protein food products and supplements with natural ingredients. Consumer focus on improving their diet habits is a critical trend in the food & beverages industry. Amid the COVID-19 pandemic, a large percentage of consumers in this region have adopted healthier food habits. Raspberry ketone is extracted from red raspberries as well as kiwifruit, peaches, grapes, apples, other berries and various vegetables, is believed to address the issue of obesity. Besides, the synthetically produced version of raspberry ketone is commonly used in cosmetics and personal care products.

Rising popularity of ketogenic supplements is one of the key drivers for the growth of the global ketones market. Ketogenic supplements are a part of weight-loss medication that encourages human body to derive energy by burning body fats instead of carbohydrates, mainly triggered by the unavailability of the later for catabolism. Exogenous ketones are included in KETO diet supplements and can help in losing weight faster, gain energy, and enhance mental clarity. Exogenous ketone supplements benefit consumers by facilitating athletic performance improvement, efficient weight reduction, cancer prevention, cognitive improvement, and anti-inflammatory characteristics and skin health enhancement. Exogenous ketone supplements are of three types: ketone salts, ketone esters, and medium chain triglycerides (MCTs). These supplements are available in the form of pills, tablets, and powders. Ketogenic supplements, such as ketone salts, are added to RTD shakes, shake powders, and energy drinks. These supplements also prevent the KETO flu, which is generally caused by following ketogenic diet. This factor is also driving the popularity of ketogenic supplements among the fitness and sports enthusiast. Thus, the increasing popularity of ketogenic supplements is significantly driving the growth of ketones market.

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