Cyclic Ketones Market Analysis

Application (Pharmaceutical, Biological, Caprolactam, Adipic Acid, Solvents, Polycarbonates, Perfumes & Aromas, Rubber Chemicals, Insecticides)

In terms of application, the pharmaceutical segment in the cyclic ketones market is set to hold the largest share of 20 % during the time period between 2024 – 2036. Ketones, such as butanone and acetone, are widely used in the pharmaceutical industry as solvents, reagents and intermediates in the preparation of medicines and other pharmaceutical products. In particular, acetone is used as a solvent in the manufacture of many drugs, including vitamins, hormones and antibiotics.

Application (Pharmaceutical, Biological, Caprolactam, Adipic Acid, Solvents, Polycarbonates, Perfumes & Aromas, Rubber Chemicals, Insecticides)

Based on application, the adipic acid segment is expected to grow substantially by the end of 2036. The growth of this market can be driven by the increasing demand for adipic acid in the polyester industry. It is a key feedstock that is used in a wide variety of applications including packaging, textiles, and automotive parts. Furthermore, it is also used in the production of several construction materials such as adhesives and sealants.

Our in-depth analysis of the global market includes the following segments:

Application

Pharmaceutical
Biological
Caprolactam
Adipic Acid
Solvents
Polycarbonates
Perfumes and Aromas
Rubber Chemicals
Insecticides

Frequently Asked Questions (FAQ)

The growing demand in end user sector and integration of sustainability energy goals are some of the major factors anticipated to drive the growth of the cyclic ketones market.

The market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2024-2036.

The major players in the market are of Zeon Chemicals, Zhejiang NHU Co., Ltd, Xinyi Dongsheng Chemical Co., Ltd , Shandong Guorun Chemical Co., Ltd, and others.

The pharmaceuticals segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in North America is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.

Cyclic Ketones Market Analysis