The global bio-ketones market is expected to grow with a CAGR greater than 10% during the forecast period. One of the major factors driving the market is the increasing demand from the cosmetics and personal care industry. However, scarcity of raw materials is hindering the growth of the market studied.
Key Market Trends
Bio PEEK to Dominate the Market
Asia-Pacific to Dominate the Market
Competitive Landscape
The global bio-ketones market is moderately consolidated as the majority of the market share is divided among a few players. Some of the key players in the market include LANZATECH, Merck KGaA, Eastman Chemical Company, Genomatica, Inc, and Bio Brands LLC, among others.
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- Supporting government regulations for the use of bio-products is another major driver for the market studied
- North America and is likely to account for the highest share of the market studied during the forecast period.
- Among the product types, bio PEEK is likely to account for the highest market share during the forecast period.
Key Market Trends
Bio PEEK to Dominate the Market
- The bio PEEK product type accounts for the largest market share in the global bio-ketones market currently.
- PEEK is highly used in the automotive industry as a replacement of metals as it helps in the reduction of the automobile, which, in turn, leads to further fuel efficiency.
- Features, such as an 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.
- Hence, owing to the above-mentioned factors, Bio PEEK is likely to dominate the market studied during the forecast period.
Asia-Pacific to Dominate the Market
- Currently, Asia-Pacific accounts for the highest share of the global bio-ketones market owing to the high demand from countries like China, India, and Japan.
- The bio-ketones market in China is growing at a high rate owing to the huge demand from the pharmaceutical industry in China.
- Moreover, with the increasing demand for paints & coatings from the construction sector China, India, Thailand, and Indonesia, the demand for bio-ketones is expected to grow at a high rate in the coming years.
- However, the declining automotive production is likely to have a negative effect on the growth of the market studied in the Asia-Pacific region.
- Hence, owing to the above-mentioned factors, Asia-Pacific is expected to dominate the market studied during the forecast period.
Competitive Landscape
The global bio-ketones market is moderately consolidated as the majority of the market share is divided among a few players. Some of the key players in the market include LANZATECH, Merck KGaA, Eastman Chemical Company, Genomatica, Inc, and Bio Brands LLC, among others.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
This product will be delivered within 2 business days.
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned
A selection of companies mentioned in this report includes:
- Bio Brands LLC
- Caldic B.V.
- Eastman Chemical Company
- Fitz Chem LLC
- Genomatica, Inc
- Green Biologics Limited
- LANZATECH
- Merck KGaA
Methodology
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