Ketone Market Significant Demand Foreseen by 2030

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Global Ketone Market: Overview

Ketones are naturally occurring chemical compounds. Being soluble, they are used as solvents for perfumes and paints. Such solubility prices protection against environmental degradation. Also, adhesives have good use for this chemical. The carpet adhesive industry, electroplating industry and paint manufacture industries all make use of ketones. TMR opines that as demand for these varied sectors increases, so will the ketone market witness steady growth from 2020 - 2030.

Global Ketone Market: Key Trends and Drivers

• Among others, the textile industry uses ketones on a major scale. Global textile industry is expected to grow at a notable rate over the next four years. This can be attributed to growing awareness among people about good clothing and a robust fashion industry that inspires new styles.

• The paints & coatings market size is projected to grow at a considerable pace, adding to market worth substantially. Ketones form an important soluble base for these paints and the ketone market should grow steadily owing to this trend.

Global Ketone Market: Regional Analysis

The Asia Pacific region (APAC) is currently the global leader in the ketone market given the prevalence of small and medium scale industries here that use ketones on a large scale.

North America and Europe are estimated to register modest growth in this market. Automotive paints should drive demand for ketones here.

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