2017 Europe Bio-ketones Market Outlook 2022

Summary

Bio-ketones Market in Europe-Segmented by Product Type, By Application Industry, and Geography-Trends and Forecasts (2017-2022). Bio-ketones can be used for various applications such as paints and coatings, automobile, aerospace, infrastructure, pharmaceutical.

Description

The bio-ketones market in Europe has been estimated at USD XX.XX billion in 2015  and is projected to reach USD XX.XX billion by 2020, at a CAGR of XX.XX% during the forecast period. Bio-ketones are environment-friendly organic compounds that are produced from bio-based raw materials. Bio-ketones are used as solvents in the paints and coatings sector, as preservatives, and in hydraulic fluids.

Bio-ketones can be used for various applications such as paints and coatings, automobile, aerospace, infrastructure, pharmaceutical, and others. Paints and coatings is the major application in the bio-ketones market, accounting for a share of XX.XX % in 2015.The automobile segment will be the fastest growing segment, growing at a CAGR of XX.XX% in 2015. The market is also segmented on the basis of product types such as bio MEK, bio-PEEK, bio acetone, and others. Bio-PEEK will be the largest segment accounting for a share of XX.XX% in 2015.

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Drivers for the bio-ketones market in Europe are:

  • Depleting natural resources
  • Demand from automobile industry
  • Stringent government regulations

Restraints faced by the bio-ketones market in Europe are:

  • Shortage of raw material
  • Huge competition from fossil-fuel products

Europe accounts for XX.XX% of the global bio-ketones market in 2015. The bio-ketones market in Germany will grow at a high rate during the forecast period owing to the huge demand from the automobile industry. The market also covers countries such as Spain, Italy, France, and others.

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Furthermore, the shifting focus towards organic alternatives and shifting focus towards the usage of eco-friendly products will offer numerous opportunities for the growth of the bio-ketones market.

Some of the major companies dominating the market with its products, and continuous product developments are:

  • BASF
  • Celanese Corporation
  • Eastman Chemicals
  • Genomatica
  • Greenchem Industries
  • Solvay Speciality Polymers

Key Deliverables in the Study

  • Analysis for the bio-ketones market in Europe, with region specific assessments and competition analysis on a European and regional scale.
  • Market definition along with the identification of key drivers and restraints.
  • Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a regional scale.
  • Extensively researched competitive landscape section with profiles of major companies along with their market share.
  • Identification and analysis of the macro and micro factors that affect the bio-ketones market in Europe on a regional scale.

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