Ketonic Resin Market Scope
Ketonic resin is also known as ketone formaldehyde resins. It is a condensation product of cyclohexane and an aldehyde like formaldehyde or isobutyraldehyde. It includes aromatic and chlorinated hydrocarbons, ketones, esters, and many alcohols, but has limited solubility in water and nonpolar solvents like mineral oil, aliphatic and alicyclic hydrocarbons. It is normally blended with other binders in coating designs and solvent-based pigment pastes. After being blended with other resins, it improves gloss, hardness, adhesion, and resistance to heat and light. It also provides improved pigment wetting and thereby improves color intensity.
The Ketonic Resin market study is segmented, by Application (Industrial, Printing Inks, Paper coating, Lacquer and Others) and major geographies with country level break-up.
Global Ketonic Resin is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Uniform Synthetics (India), Karthiga Enterprises (India), BASF (Germany), Huber Group (Germany), Resins & Plastics Limited. (India), Polyols & Polymers Pvt. Ltd. (India), Evonik Industries (Germany), MPD INDUSTRIES PVT LTD (India) and Jainish Industries (India) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AMA Research has segmented the market of Global Ketonic Resin market by Type, Application and Region.
On the basis of geography, the market of Ketonic Resin has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Trend
- Growing Research and Development Activities over the Globe
Market Drivers
- Increasing Application of Ketonic Resin for Surface Treatment of Wooden Items and Furniture
- Demand for Paints and Inks
Opportunities
- Rising Demand for Ketonic Resin to Increases Yield of Coating Systems can create Opportunities for the Market Growth
Restraints
- Fluctuation in Raw Material Prices
Key Target Audience
Ketonic Resin Manufacturers, Ketonic Resin Distributors and Suppliers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others