[Research Report] 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.
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Ketones Market: Strategic Insights
Market Size Value in US$ 4,286.5 million in 2020 Market Size Value by US$ 7,106.5 million by 2028 Growth rate CAGR of 6.5% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Ketones Market: Strategic Insights
| Market Size Value in | US$ 4,286.5 million in 2020 |
| Market Size Value by | US$ 7,106.5 million by 2028 |
| Growth rate | CAGR of 6.5% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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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
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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
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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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Form, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
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.
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
- 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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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