Scarcity of Non-Renewable Resources Will Open-up Huge Opportunities for the Global Bio-Ketones Market by 2019: TechNavio
26 January 2015 - 4:15PM
Business Wire
Scarcity of non-renewable resources like crude oil will drive
growth in the Global Bio-ketones Market, which is expected to post a CAGR of 6.86
percent from 2014-2019, says research firm TechNavio.
About the Report
Bio-ketones are environment-friendly organic compounds that are
produced from bio-based raw materials. They are used as solvents in
the paint and coatings sector, as preservatives, and in hydraulic
fluids.
The latest report by TechNavio focuses on bio-based chemicals,
which are replacing traditional petroleum-based chemicals because
of rising oil prices. It is estimated that in the coming years
crude oil reserves will be depleted, resulting in major supply
constraints of basic raw materials required for chemical
production.
“Large reserves of bio-based feedstock are expected to be
available in the coming years, especially in the APAC region,
because the raw materials required are renewable,” says Faisal
Ghaus, Vice President of TechNavio.
The TechNavio report also pinpoints demand from the auto
industry as a major factor contributing to market growth.
Environment-friendly chemicals such as PEEK, a lightweight and
high-strength material, are finding increased use in the automobile
sector to improve fuel efficiency. This will help drive uptake of
bio-ketones over the projected period.
Key Information Covered in the Report:
- Market segmentation, size and forecast
through 2019
- Market Growth Drivers:
- Scarcity of Non-renewable
Resources
- For a full detailed list, view our
report.
- Market Challenges:
- Limited Availability of Raw
Materials
- For a full detailed list, view our
report.
- Market Trends:
- Increased Demand from Emerging
Economies
- For a full detailed list, view our
report.
- Key Vendors:
- BASF SE
- Eastman Chemical Company
- Solvay Specialty Polymers USA, LLC
- Other Prominent Vendors:
- AstaTech
- Celanese
- Falcon Worldwide Chemical
- Greenchem Industries
TechNavio currently has more than 3000 market research
reports on a huge range of topics, including 50+ reports on organic
products:
- Natural and Organic Personal Care
Product Market in the US 2014-2018
- Natural and Organic Food Market in the
US 2014-2018
If you are interested in more information, please contact our
media team at media@technavio.com.
TechNavio ResearchJes EllacottUS: +1-630-333-9501UK: +44 208 123
1770Media & Marketing
Executivewww.technavio.commedia@technavio.com