Global Methyl Ethyl Ketone (MEK) Market strategic research study offers company accounts, industry investors, and industry members with consequential insights to enable them to make reliable strategic decisions regarding the opportunities in the global market.
In this report, we thoroughly examine and analyse the Global market for Methyl Ethyl Ketone (MEK) so that market participants can improve their business strategy and ensure long-term success. This report provides players with useful information and suggests result-based ideas to give them a competitive advantage in the global Methyl Ethyl Ketone (MEK) industry. It will show how other players compete in the global Methyl Ethyl Ketone (MEK) Market and explain the strategies you use to differentiate yourself from other participants.
This Research Report Answers the Following Questions:
- How Methyl Ethyl Ketone (MEK) market will grow in the coming year?
- Will the COVID-19 pandemic surge the demand for such platforms?
- How are key companies planning to promote benefits of Methyl Ethyl Ketone (MEK)?
- What are the industry growth drivers, obstacles, and dynamics?
- Which segment is expected to lead in the coming years?
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Industry Insights
The global methyl ethyl ketone (MEK) market was valued at USD 2.56 billion in 2015 and is anticipated to reach USD 4.01 billion by 2024. Methyl-ethyl-ketone (MEK) is a colourless and a harsh smelling carbon-based compound. It is commonly identified as butanone. It is characterized by outstanding chemical properties including high viscosity, low boiling point, high solvency and high evaporation rate owing to which it is used as a solvent across several applications. This liquid has a sweet smell indicated the presence of acetone and butterscotch, hence is produced on a large scale in the industries. Photo-oxidation of air pollutants such as hydrocarbons and butane results in the form of MEK. It is widely used in industrial applications as it is easily soluble in water. The primary usage of MEK is as a solvent in processes involving gums cellulose acetate, resins and cellulose nitrate. Other end use applications where MEK is used include domestic products such as lacquer and varnishes, synthetic rubber, paraffin wax and glues as well as paint remover.
MEK is a liquid solvent used in chemical intermediates, adhesives, printing inks, magnetic tapes and lube oil dewaxing processes. Solvent is suitable for surface coatings that help in reducing emissions from its highly efficiency and versatility. It is used in chemical manufacturing, particularly for drugs and cosmetics. Other uses of MEK include surgical instruments sterilization and vegetable oil extraction. MEK market is expected to be driven in the foreseeable future by its widespread use in industrial sectors including feedstock and intermediate chemical applications such as additives in furniture polishes, rubber based cement, pharmaceuticals and PVC piping applications.
Application Insights
The compound is used as a solvent in various applications and primarily in paints& coatings and printing inks owing to its properties such as low boiling points and low viscosity. Other applications include rubber-based industrial cement, textiles, plastics, cleaning agents and PVC piping. In the pharmaceutical industry, MEK is used in resins and thinners that are applied as lacquers/solvents. In addition, MEK peroxides are used as a catalytic agent in the polymerization process of polyester resins. Global demand for MEK is driven by the rising demand for paints and coatings from furniture, automobile and infrastructural industries.
The higher solvency and lower density of ketones compared to the corresponding ester substitutes contribute to reduced VOC content just by changing to ketone solvents such as MEK. Owing to the dual functionality, MEK has slow evaporation rate, complete solubility in water and high solvent strength which gives it a unique advantage as a solvent in water-based coatings.
For achieving stable production rates and minimizing operational challenges in the production system of MEK, the primary areas requiring attention are Instrumentation and metallurgy in process control parameters, scheduled maintenance and Inspection and acid handling areas.
Regional Insights
The global market is segmented into four regions: North America, Europe, Asia Pacific, and Row. Asia Pacific is expected to dominate the MEK industry and emerge as the market leader. This can be attributed to the steady growth in paints &coatings market resulting from heavy consumption in manufacturing and construction industries. The European market is anticipated to experience uniform growth trends on account of stringent regulations and increasing concerns regarding health and fitness which are restraining the use of methyl ethyl ketone in this region. Market demand in the U.S is projected to be stable, and the declining prices are expected to further increase its demand in the coming years.
Competitive Insights
Key participants of the methyl ethyl ketone market include Arkema S.A., Shell Chemicals, Exxon Mobil, Sasol Solvents, Maruzen Petrochemical Co Ltd., SK Energy Co Ltd., Petro China, Lanzhou Petrochemicals and Idemitsu Kosan Co. Ltd.
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The Global Methyl Ethyl Ketone (MEK) Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on application and end-use.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Methyl Ethyl Ketone (MEK) Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 @ https://www.decisiondatabases.com/ip/1457-methyl-ethyl-ketone-mek-industry-market-reportThe report also covers the complete competitive landscape of the global Methyl Ethyl Ketone (MEK) market with company profiles of key players such as:ExxonMobilMaruzen PetrochemicalsShell ChemicalsArkema S.A.Sasol SolventsPetro ChinaMaruzen PetrochemicalsA detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By ApplicationSolventPrinting InksChemical IntermediateLube Oil DewaxingMagnetic TapesBy End-UsePaints & CoatingRubberArtificial RubberPackagingChemical & Pharmaceutical and AgriculturalBy Geography:North America (NA) – US, Canada, and MexicoEurope (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of EuropeAsia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APACLatin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin AmericaMiddle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South AfricaDownload Free Sample Report of Global Methyl Ethyl Ketone (MEK) Market @ https://www.decisiondatabases.com/contact/download-sample-1457The Global Methyl Ethyl Ketone (MEK) Market has been exhibited in detail in the following chapters –Chapter 1 Methyl Ethyl Ketone (MEK) Market PrefaceChapter 2 Executive SummaryChapter 3 Methyl Ethyl Ketone (MEK) Industry AnalysisChapter 4 Methyl Ethyl Ketone (MEK) Market Value Chain AnalysisChapter 5 Methyl Ethyl Ketone (MEK) Market Analysis By ApplicationChapter 6 Methyl Ethyl Ketone (MEK) Market Analysis By End-UseChapter 7 Methyl Ethyl Ketone (MEK) Market Analysis By GeographyChapter 8 Competitive Landscape Of Methyl Ethyl Ketone (MEK) CompaniesChapter 9 Company Profiles Of Methyl Ethyl Ketone (MEK) IndustryPurchase the complete Global Methyl Ethyl Ketone (MEK) Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-1457Other Reports by DecisionDatabases.com:Global Methyl Glucose Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027Global Methyl Methacrylate Adhesive Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Fatty Methyl Ester Sulfonate Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
Global Methyl Ethyl Ketone (MEK) Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 – DecisionDatabases.comThe comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.The report classifies the market into different segments based on application and end-use.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.
Download Free Sample Report of Global Methyl Ethyl Ketone (MEK) Market @ https://www.decisiondatabases.com/contact/download-sample-1457The report also covers the complete competitive landscape of the global Methyl Ethyl Ketone (MEK) market with company profiles of key players such as:ExxonMobilMaruzen PetrochemicalsShell ChemicalsArkema S.A.Sasol SolventsPetro ChinaMaruzen PetrochemicalsA detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT:By ApplicationSolventPrinting InksChemical IntermediateLube Oil DewaxingMagnetic TapesBy End-UsePaints & CoatingRubberArtificial RubberPackagingChemical & Pharmaceutical and AgriculturalBy Geography:North America (NA) – US, Canada, and MexicoEurope (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of EuropeAsia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APACLatin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin AmericaMiddle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South AfricaBrowse the complete Global Methyl Ethyl Ketone (MEK) Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 @ https://www.decisiondatabases.com/ip/1457-methyl-ethyl-ketone-mek-industry-market-reportThe Global Methyl Ethyl Ketone (MEK) Market has been exhibited in detail in the following chapters –Chapter 1 Methyl Ethyl Ketone (MEK) Market PrefaceChapter 2 Executive SummaryChapter 3 Methyl Ethyl Ketone (MEK) Industry AnalysisChapter 4 Methyl Ethyl Ketone (MEK) Market Value Chain AnalysisChapter 5 Methyl Ethyl Ketone (MEK) Market Analysis By ApplicationChapter 6 Methyl Ethyl Ketone (MEK) Market Analysis By End-UseChapter 7 Methyl Ethyl Ketone (MEK) Market Analysis By GeographyChapter 8 Competitive Landscape Of Methyl Ethyl Ketone (MEK) CompaniesChapter 9 Company Profiles Of Methyl Ethyl Ketone (MEK) IndustryPurchase the complete Global Methyl Ethyl Ketone (MEK) Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-1457Other Reports by DecisionDatabases.com:Global Methyl Glucose Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027Global Methyl Methacrylate Adhesive Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Fatty Methyl Ester Sulfonate Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
The recently published research report entitled Global Methyl Ethyl Ketone (MEK) Market 2020-2026 reveals insight into basic parts of the market like market size estimations, organization and market best practices, market elements, market division, competitive landscaping and benchmarking, opportunity analysis, financial gauging, industry-explicit innovation arrangements, guideline analysis, and top to bottom benchmarking of merchant contributions.
The report tracks a variety of significant market-related perspectives which can be recorded as follows; the interest and flexibly chain, the serious scene, driving businesses’ offers, net revenue, and profiles of driving organizations of the global market.The Methyl Ethyl Ketone (MEK) market study is generally, a point by point assessment of this industry that adequately covers all the angles identified with this vertical like the status of this industry over the anticipated time span and the essential advancement patterns of the market, over the evaluated term.
The inside and out investigation is likewise comprehensive of significant pointers, for example, the geological business design qualities just as the mechanical strategies.
Different variables that this report envelops are the impact of the present market situation on myriad speculators.Detailed TOC along with also Charts & Tables of Methyl Ethyl Ketone (MEK) Market Research Report accessible at: https://www.futuristicreports.com/request-sample/61326Key Players Mentioned at the Methyl Ethyl Ketone (MEK) Market Report:Fred Holmberg & Co ABRecochem Inc.Maruzen Petrochemical Co., Ltd.QiXiang TengDAArkemaSasolShellExxonMobilTASCOOxitenoJXTG Nippon Oil & Energy CorporationCetex PetrochemicalsIneos Applications CoatingsAdhesivesInksChemical IntermediatesLubricantsTypesLess than 95%95%-97%Higher than 97%Regional Or Country Level Customization : https://www.futuristicreports.com/customize-request/61326Methyl Ethyl Ketone (MEK) Market: Regional analysis includes:Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)Europe (Turkey, Germany, Russia UK, Italy, France, etc.
)North America (the United States, Mexico, and Canada.
)The Middle East and Africa (GCC Countries and Egypt.
According to ChemAnalyst report, “Methyl Ethyl Ketone (MEK) Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030”.
Methyl Ethyl Ketone market witnessed a demand of around 1.15 million tons globally in 2020 and is anticipated to grow at a significant rate with a healthy CAGR of 4.80% until 2030 attributed to its surging demand as a solvent in various end use industries.Read Full Report Here: https://www.chemanalyst.com/industry-report/methyl-ethyl-ketone-market-656Methyl Ethyl Ketone (MEK) is a colorless, highly flammable, volatile, low viscosity liquid with a characteristic odor like Acetone.
MEK is an extremely good solvent and easily soluble in many natural and synthetic resins, but partially soluble in water.
Methyl Ethyl Ketone is manufactured commonly by 2-Butanol dehydrogenation and this reaction is catalyzed by cooper, zinc, or bronze.
Moreover, Methyl Ethyl Ketone can also be extracted in fractions in the manufacturing process of butane-based acetic acid as a by-product.Read Free Sample Report Online: https://www.chemanalyst.com/ChemAnalyst/RequestFormMethyl Ethyl Ketone market is segmented into two grades as Regular Grade and Urethane Grade.
Among these Paints and Coatings holds the largest market share for Methyl Ethyl Ketone globally and is anticipated to drive the MEK market in the forecast period as MEK is used in powder coatings in the electronics and automotive sectors.
