Global Methyl Ethyl Ketone Market, By Application (Solvent, Resin, Printing Ink, Adhesive, Other Applications), End-User Industry (Paints and Coatings, Rubber, Construction, Packaging and Publishing, Other End-user Industries), Form (Liquid Form, Solid Form), Grade (Regular Grade, Urethane Grade, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Methyl Ethyl Ketone Market
Methyl ethyl ketone market will reach at an estimated value of USD 5.01 billion and grow at a rate of 5.00% for the forecast period of 2021 to 2028. Rising demand for paints and coatings is a vital factor driving the growth of methyl ethyl ketone market.
Methyl Ethyl Ketone is a highly flammable and volatile liquid with a sweet odor and the molecular formula (C4H8O). It is naturally produced by some trees and bacteria & seaweeds. MEK is an organic compound which is produced from the dehydration of secondary butanol. It is generally used in the paint and coating industry as a solvent and also utilized in resin manufacturing. Moreover, MEK have numerous applications in chemical, pharmaceutical, coating and electronics along with other industries as a chemical intermediate, cleaner and solvent.
Increasing printing inks demand from the packaging and publishing industry is the vital factor escalating the market growth, also rise in paints and coatings demand due to growth in construction spending, particularly in Asia Pacific and Middle East & Africa, increase in vehicle sales over the past few years, rising expectation in the increase in production, increasing demand growth from sectors like coatings, textiles, and plastics and rising demand for paints and coatings are the major factors among others driving the methyl ethyl ketone market. Moreover, increasing technological advancements and modernization in the production techniques and rising research and development activities in the market will further create new opportunities for the methyl ethyl ketone market in the forecast period of 2021- 2028.
However, increasing awareness about toxic effects of MEK, and increased price of feedstock are the major factors among others acting as restraints, and will further challenge the growth of methyl ethyl ketone market in the forecast period mentioned above.
This methyl ethyl ketone market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on methyl ethyl ketone market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Methyl Ethyl Ketone Market Scope and Market Size
Methyl ethyl ketone market is segmented on the basis of application, end-user industry, form and grade. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on application, the methyl ethyl ketone market is segmented into solvent, resin, printing ink, adhesive and other applications.
- On the basis of end-user industry, the methyl ethyl ketone market is segmented into paints and coatings, rubber, construction, packaging and publishing and other end-user industries.
- Based on form, the methyl ethyl ketone market is segmented into liquid form and solid form.
- The methyl ethyl ketone market is also segmented on the basis of grade into regular grade, urethane grade and others.
Methyl Ethyl Ketone Market Country Level Analysis
Methyl ethyl ketone market is analysed and market size, volume information is provided by country, application, end-user industry, form and grade as referenced above.
The countries covered in the methyl ethyl ketone market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the methyl ethyl ketone market due to increased demand from the printing inks sector in emerging countries including China, India, Indonesia, and Thailand and rising demand for adhesives and printing inks from residential and commercial building constructions. Middle East & Africa is the expected region in terms of growth in methyl ethyl ketone market due to rising rapid growth of the construction industry in the gulf countries including UAE, Saudi Arabia, Qatar, and others in this region.
The country section of the methyl ethyl ketone market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Methyl Ethyl Ketone Market Share Analysis
Methyl ethyl ketone market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to methyl ethyl ketone market.
The major players covered in the methyl ethyl ketone market report are Exxon Mobil Corporation, Maruzen Petrochemical, Sasol, Shell Chemicals, Credence Chem Private Limited, Nutan Chemicals, Goenka Chemical Industries., Shree Chem., Mirdula Detergent (p) Ltd., Chemi Inc, Raimata Indl. Corpn, Unipetro Private Limited, Madhu Chemicals., Sk Energy Co., Ltd., PetroChina Company Limited, Ineos Solvents, Idemitsu Kosan Co.,Ltd., TASCO Group, Tonen Chemical Corp and PetroChina Company Limited, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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