Research Report on Ketone Market - Global Industry Analysis, Market Outlooks, Global Trends and Forecast 2014 – 2020

Ketones usually simple are compounds that contain a carbonyl group, and due to exclusion of reactive groups such as –Cl or –OH, ketones are considered simple in nature. Industrial solvent acetone and sugar (ketoses) are some of the commonly used ketones. Various methods are implemented for the production of ketones in academic laboratories on an industrial scale, and are also produced in certain ways by organisms. Ketones are manufactured in industries on a large scale as pharmaceuticals, polymer precursors and solvents. On the basis of their type, ketones are divided into cyclohexane, methyl ethyl ketone (MEK) and acetone. Ketones are a common term in biochemistry, however, a lesser known term in organic chemistry. MEK is a colorless, flammable, stable liquid with similar odor to acetone. MEK exhibits the ability to be miscible with water and other organic solvents. MEK is a valuable and powerful solvent for many solvents such as resinous materials owing to its exceptional solvency.

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Emerging regions such as Asia Pacific, particularly China accounted for the largest market share in the MEK market and expected to lead the market over the forecast period, due to rapid economic growth in these economies. However, a recent decrease in market share in 2011 occurred in Asia Pacific where consumption of MEK was affected in Japan, majorly due to occurrence of natural disasters such as tsunami and earthquake. Acetone is another type of ketone which is miscible with water and acts as a vital solvent, particularly for cleaning applications in laboratories. Acetones are majorly used as solvent as well as in the production of methyl methacrylate and bisphenol A. Acetone is a common building block in organic chemistry and are commonly used in households as active ingredients in nail polish removers as well as paint thinners. Other forms of ketone such as cyclohexane is used for...