The global demand for Methyl Ethyl Ketone Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2019 and foreseen to touch XX Kilo Tons by 2026 with a CAGR of XX% during 2020-2026.
Methyl Ethyl Ketone, also referred to as MEK, is a low boiling solvent used in various industrial applications. It is one of the most commercially used industrial solvents in the manufacture of consumer products like cleaners, varnishes, paint removers, and glues. It is used in the erasable dyes of dry marker pens due to its low viscosity. MEK is the glue that holds plastic model kits together and serves as a chemical welding agent. Few other uses of MEK include cleaning agents for electronic components and surgical instruments, flavoring agent in food, and as a solvent in plastics, paraffin wax, and textiles. MEK has been found useful in the manufacture of illegal drugs.
The leading contributors to the MEK market’s growth are its application in the manufacture of paints/coatings and a massive demand for organic intermediates in various end-user industries. The rapid growth of the automobile industry and increased spending on construction activities will create an upward surge in market growth. The extensive use of MEK in pharmaceutical and personal care industries to manufacture antiseptics, lotions, and drugs will be a market booster. Growing demands for printing inks in the packaging and publishing industry will further boost the market growth. The increasing awareness about the toxicity of MEK and the high price of the feedstock can hamper market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of methyl ethyl ketone.
The entire methyl ethyl ketone market has been sub-categorized into application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Paints & Coatings
- Printing Inks
This section covers regional segmentation which accentuates on current and future demand for methyl ethyl ketone market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Methyl Ethyl Ketone Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the methyl ethyl ketone market include ExxonMobil, Maruzen Petrochemical Co. Ltd., Sasol Limited, Shell Chemicals, Ineos Solvents, SK Energy Co. Ltd., Lanzhou Petrochemicals, Idemitsu Kosan Co Ltd., Tasco Chemicals, Tonen Chemicals, Fushun Petrochemical Company. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.