Global Ketones Market is Predicted to Grow in the Future, with a Considerable CAGR During the Forecast Period 2019 - 2027

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Ketones Market
 Ketones Market

Overview of the Market

Ketones, which have a carbonyl group and are structurally identical to aldehydes, are commercially manufactured as solvents, polymer precursors, and medicines. These molecules can be found in a variety of sugars as well as pharmaceuticals, such as natural and synthetic steroid hormones. Ketones are found in cortisone, an anti-inflammatory drug. Acetone, methyl ethyl ketone, and cyclohexanone are some of the most common ketones. As a solvent, methyl ethyl ketone (MEK), commonly known as butanone, is utilized.

Market Trends

The global Ketones Market is predicted to increase due to rising demand for acetone, methyl ethyl ketone, and cyclohexanone from end-use industries. Solvent-borne coatings, powder coatings, specialty coatings, and aqueous coatings all use methyl ethyl ketone. Acetone is a solvent that is used to dissolve a variety of polymers and synthetic fibers. In the pharmaceutical sector, it's also employed as an excipient and a solvent.

As a result, acetone demand is likely to rise as the pharmaceutical business expands. As a result, the Global Ketones Marke is Predicted to Expand. The precursors to Nylon 6,6 and Nylon 6 are made from cyclohexanone. As a result, rising nylon production in the textile industry is likely to support market growth. Unsaturated ketones, such as methyl vinyl ketone, are poisonous, and this is predicted to limit market expansion.

Market Key Players

Panjin Zhongrun High Performance Polymers Co. Ltd., Prototype & Plastic Mold Co. Inc., Solvay Specialty Polymers, Caledonian Ferguson Timpson Ltd and Tri Town Precision Plastics, Jida Evonik High Performance Polymers (Changchun) Co. Ltd., Inc. are some of the major players in the global Ketones Market.

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