Market Challenges And Opportunities

Market Drivers

Increasing demand for acetone, methyl ethyl ketone, and cyclohexanone from end-use industries is expected to boost growth of the global ketones market. Methyl ethyl ketone is used in solvent-borne coatings, powder coatings, specialty coatings, and waterborne coatings. Acetone is used as a solvent for several plastics and some synthetic fibers. It is also used as an excipient and solvent in the pharmaceutical industry. Therefore, significant growth in the pharmaceutical industry is expected to boost demand for acetones. This in turn is expected to boost growth of the global ketones market. Cyclohexanone is used in the production of precursors to Nylon 6,6 and Nylon 6. Therefore, increasing production of nylon in the textile industry is expected to boost the market growth.

Unsaturated ketones such as methyl vinyl ketone are toxic, which is expected to hinder the market growth to some extent.