Bio-Ketones Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 10.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Bio-Ketones Market Analysis
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.
- 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.
Bio-Ketones Market Trends
This section covers the major market trends shaping the Bio-Ketones Market according to our research experts:
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.
Bio-Ketones Industry Overview
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.
Bio-Ketones Market Leaders
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LANZATECH
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Merck KGaA
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Eastman Chemical Company
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Bio Brands LLC
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Genomatica, Inc
*Disclaimer: Major Players sorted in no particular order
Bio-Ketones Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Increasing Demand from Cosmetics and Personal Care Industry
- 4.1.2 Supporting Government Regulations for the Use of Bio-products
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4.2 Restraints
- 4.2.1 Scarcity of Raw Materials
- 4.2.2 Impact of COVID-19 Pandemic
- 4.3 Industry Value-chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
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5.1 Product Type
- 5.1.1 Bio MEK
- 5.1.2 Bio PEEK
- 5.1.3 Bio Acetone
- 5.1.4 Other Product Types
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5.2 End-user Industry
- 5.2.1 Paints and Coatings
- 5.2.2 Automobile
- 5.2.3 Infrastructure
- 5.2.4 Pharmaceutical
- 5.2.5 Other End-user Industries
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5.3 Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 ASEAN Countries
- 5.3.1.6 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 Italy
- 5.3.3.4 France
- 5.3.3.5 Rest of Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share/Ranking Analysis**
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Bio Brands LLC
- 6.4.2 Caldic B.V.
- 6.4.3 Eastman Chemical Company
- 6.4.4 Fitz Chem LLC
- 6.4.5 Genomatica, Inc
- 6.4.6 Green Biologics Limited
- 6.4.7 LANZATECH
- 6.4.8 Merck KGaA
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Bio-Ketones Industry Segmentation
The Bio-Ketones market report includes:
| Product Type | Bio MEK | |
| Bio PEEK | ||
| Bio Acetone | ||
| Other Product Types | ||
| End-user Industry | Paints and Coatings | |
| Automobile | ||
| Infrastructure | ||
| Pharmaceutical | ||
| Other End-user Industries | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| ASEAN Countries | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| Italy | ||
| France | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Bio-Ketones Market Research FAQs
What is the current Bio-Ketones Market size?
The Bio-Ketones Market is projected to register a CAGR of greater than 10% during the forecast period (2024-2029)
Who are the key players in Bio-Ketones Market?
LANZATECH, Merck KGaA, Eastman Chemical Company, Bio Brands LLC and Genomatica, Inc are the major companies operating in the Bio-Ketones Market.
Which is the fastest growing region in Bio-Ketones Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Bio-Ketones Market?
In 2024, the Asia Pacific accounts for the largest market share in Bio-Ketones Market.
What years does this Bio-Ketones Market cover?
The report covers the Bio-Ketones Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Bio-Ketones Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Bio-Ketones Industry Report
Statistics for the 2024 Bio-Ketones market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Bio-Ketones analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
