DUBLIN--(BUSINESS WIRE)--The "Global Bio-Ketones Market - Segmented by Product Type, End-User Industry and Geography - Growth, Trends and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
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.
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.
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.
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.
- Fitz Chem LLC
- Solvay Speciality Polymers
- Sigma-Aldrich Co. LLC
- Eastman Chemicals
- Nutra Green Biotechnology Co.,Ltd.
- Bio Brands LLC
- Green Biologics
- Celtic Renewables
- Caldic B.V.
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Future of the Market
8. Competitive Landscape
9. Company Profiles
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