Summary
Bio-ketones Market in North America-Segmented by Product Type, By Application Industry, and Geography-Trends and Forecasts( 2017-2022). The USA is the leading consumer of bio-ketones in 2015 accounting for a share of XX % in North America. North America leads the bio-PEEK market globally owing to the huge demand for bio-based products from the end-user industries.
Description
The bio-ketones market in North America has been estimated at USD XX. XX billion in 2015 and is projected to reach USD XX. XX billion by 2020, at a CAGR of XX. XX % during the forecast period. Bioketones are environment-friendly organic compounds that are produced from bio-based raw materials. Bio-ketones are used as solvents in the paints and coatings sector, as preservatives, and in hydraulic fluids.
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Bio-ketones can be used for various applications such as paints and coatings, automobile, aerospace, infrastructure, pharmaceutical, and others. Paints and coatings is the major application in the bioketones market, accounting for a share of XX. XX % in 2015. The automobile segment will be the fastest growing segment, growing at a CAGR of XX. XX % in 2015. The market is also segmented on the basis of product types such as bio PEEK, bio-MEK, bio acetone, and others. Bio-PEEK will be the largest segment accounting for a share of XX. XX % in 2015.
Drivers for the bio-ketone market in North America are:
� Depleting natural resources � Demand from automobile industry � Stringent government regulations.
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� Restraints Faced by the bio-ketone market in North America are: � Shortage of raw material � Huge competition from fossil-fuel products
The USA is the leading consumer of bio-ketones in 2015 accounting for a share of XX % in North America. North America leads the bio-PEEK market globally owing to the huge demand for bio-based products from the end-user industries.
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