Bio-Ketones Market - Segmented by Product Type, End-user Industry, and Geography - Growth, Trends, and Forecast (2019 - 2024)

Bio-Ketones Market - Segmented by Product Type, End-user Industry, and Geography - Growth, Trends, and Forecast (2019 - 2024)

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The global bio-ketones market is expected to witness a CAGR of around 15% during the forecast period, majorly driven by increasing demand of bio-ketones from the cosmetics and personal care industry. The government regulations to shift towards the bio-based products is also likely to stimulate the market growth.  

Increasing Demand from Cosmetics and Personal Care Driving the Market

Acetone is widely used as a solvent and denaturant in the cosmetics and personal care industry. Bio acetone is used a renewable alternative to petroleum-based acetone. The global personal care industry is valued at USD 350 billion in 2017 and is estimated to grow at 5% per year. But the natural and sustainable cosmetics industry is expected to grow at 15% per year. Both customers and manufacturers are focusing on eco-friendly bio-based active ingredients, which is expected to drive the demand of bio-ketones in the coming years.

Bio PEEK the Dominant Product Type

The bio PEEK product type is estimated to account for the largest market share in the global bio-ketones market. PEEK is highly used in the automotive industry as a replacement of metals as it helps in the reduction of automobile, which, in turn, leads to further fuel efficiency. Features, such as increase in performance and weight minimization of in-engine components this coupled with the growth in the automotive industry has made bio PEEK market take a substantial lead in the bio-ketones market.

Medical Devices Industry Making North America the Dominant Market

Asia-Pacific was a leading consumer of bio-ketones in 2017, followed by North America and Europe. The bio-ketones market in China is likely to grow at a high rate during the forecast period, owing to the huge demand from the pharmaceutical industry in China. Moreover, with increasing demand of paints & coatings from the construction sector, along with increase in automotive manufacturing facilities across China, India, Thailand, and Indonesia, the demand for bio-ketones is expected to grow at a high rate in the coming years.


Notable Developments

  • In Dec 2017, Global Bioenergies announced the start-up phase of a project to convert renewable resources into acetone and isopropanol

Major Players: Solvay Speciality Polymers, Sigma-Aldrich Co. LLC, LanzaTech, Genomatica and Eastman Chemicals, among others.

Reason to Purchase this Report

  • To understand the impact of various product type on the market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • To understand the dominating product type and end-user industry in the market
  • Countries expected to witness the fastest growth during the forecast period
  • Identifying the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet in excel

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1. Introduction

              1.1 Scope of the Report

              1.2 Research Phases

              1.3 Study Deliverables

2. Executive Summary

3. Market Insights

              3.1 Industry Value Chain Analysis

              3.2 Industry Attractiveness – Porter’s Five Forces Analysis

                             3.2.1 Bargaining Power of Suppliers

                             3.2.2 Bargaining Power of Consumers

                             3.2.3 Threat of New Entrants

                             3.2.4 Threat of Substitute Products and Services

                             3.2.5 Degree of Competition

              3.3 Raw Material Analysis

              3.4 Patent Analysis

              3.5 Regulatory Policies Analysis

4. Market Dynamics

              4.1 Drivers

                             4.1.1 Increasing Demand from Cosmetics and Personal Care Industry

                             4.1.2 Supporting Government Regulations for the Use of Bio-products

              4.2 Restraints

                             4.2.1 Availability of Raw Materials

                             4.2.2 Other Restraints

              4.3 Opportunities

                             4.3.1 Shifting Focus Towards Eco-friendly Products

5. Market Segmentation and Analysis - (Market Size, Growth, and Forecast)

              5.1 By Product Type

                             5.1.1 Bio MEK

                             5.1.2 Bio PEEK

                             5.1.3 Bio Acetone

                             5.1.4 Others

              5.2 By End-user industry

                             5.2.1 Paints and Coatings

                             5.2.2 Automobile

                             5.2.3 Infrastructure

                             5.2.4 Pharmaceutical

                             5.2.5 Others

6. Regional Market Analysis (Market Size, Growth and Forecast)

              6.1 North America

                             6.1.1 United States

                             6.1.2 Canada

                             6.1.3 Mexico

                             6.1.4 Rest of North America

              6.2 Europe

                             6.2.1 Germany

                             6.2.2 United Kingdom

                             6.2.3 Italy

                             6.2.4 France

                             6.2.5 Russia

                             6.2.6 Rest of Europe

              6.3 Asia-Pacific

                             6.3.1 China

                             6.3.2 India

                             6.3.3 Japan

                             6.3.4 South Korea

                             6.3.5 Australia & New Zealand

                             6.3.6 Rest of Asia-Pacific

              6.4 South America

                             6.4.1 Brazil

                             6.4.2 Argentina

                             6.4.3 Rest of South America

              6.5 Middle East & Africa

                             6.5.1 Saudi Arabia

                             6.5.2 United Arab Emirates

                             6.5.3 South Africa

                             6.5.4 Rest of Middle East & Africa

7. Future of the Market

8. Competitive Landscape

              8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

              8.2 Market Share Analysis**

              8.3 Strategies Adopted by Leading Players

9. Company Profiles (Overview, Financials**, Products & services, Recent Developments, and Analyst View)

              9.1 Fitz Chem LLC

              9.2 Solvay Speciality Polymers

              9.3 Sigma-Aldrich Co. LLC

              9.4 LanzaTech

              9.5 Genomatica

              9.6 Eastman Chemicals

              9.7 Nutra Green Biotechnology Co.,Ltd.

              9.8 Bio Brands LLC

              9.9 Green Biologics

              9.10 Celtic Renewables

              9.11 Caldic B.V.

               ...List not exhaustive

10. Disclaimer

 **Subject to availability of public domain

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