The global methyl ethyl ketone market
size surpassed USD 2.55 billion in 2015 and it is projected to grow at a
CAGR between 5.0% and 5.5% over the forecast period of 2017 – 2023.
Methyl ethyl ketone, due to its evaporation rate, is conducive for
industrial cements made from rubber, printing inks, and bonding agents
at lower temperature. Methyl ethyl ketone has low boiling point and it
find applications in acrylic, nitrocellulose and vinyl surface coatings.
It is utilized for removing oil paint finish as well as contact cement.
It finds application in dissolving adhesives and resins. Coatings and
Paints industry account for more than 45% of the overall methyl ethyl
ketone demand. Adhesives industry is the fastest growing sector in terms
of demand for methyl ethyl ketone.
The increasing demand from the paints and coatings for methyl ethyl
ketone as a solvent is expected to drive the growth of the market during
the forecast period. The ability of MEK to enhance the penetration of
drugs and break down the structure of quaternary proteins is providing
new opportunities to the market players to expand the presence in the
pharmaceutical industry. The increased utilization catalysts based on
MEK derivatives in the polyester resins polymerisation and its use as
cleaning agents in paint remover and varnish are expected drive the
growth of the market during the forecast period.
The increasing requirements for printing inks for newspapers, magazines
and catalogues are driving the demand for methyl ethyl ketone from
printing inks industry, as it possesses properties such as faster
evaporation and solvency. The growth in demand from industries such as
textiles and plastics is also expected to drive the growth of the
market. Due to the fall in crude oil prices, the price of feed stocks
for methyl ethyl ketone is expected to remain stable. Owing to the toxic
and volatile nature of methyl ethyl ketone, there are health hazards
associated with it upon exposure such as various skin allergies,
tightness in chest and lungs, and irritation in nose and throat.
Moreover, it is not ideal for children to have any exposure to products
that contain methyl ethyl ketone. Hence, the availability of alternative
environmental friendly solvents is expected to pose major threat to
players in the global methyl ethyl ketone market during the forecast
The report segments the global methyl ethyl ketone Market by
application, and region. On the basis of application, the market is
segmented into adhesives, paints and coatings, personal care products,
pharmaceuticals, plastics, printing inks, textiles, and others.
Geographic Coverage and Analysis:
The report provides regional analysis covering geographies such as North
America, Europe, Asia-Pacific, and Rest of the World. Asia-Pacific
region is the largest and fastest growing methyl ethyl ketone market.
The increasing demand for adhesives, painting and coatings and printing
inks, due to the investments in construction and infrastructure sectors
in China and India drives the Asia-Pacific methyl ethyl ketone market.
North American region is expected have a slow growth due to the maturity
of the market and more or less stagnant demand from industries such as
paints and plastics. In Europe, the demand from Russia for paints and
coatings due to the growth in construction sector is expected to drive
the market. However, the regulations from the European authorities
regarding health and safety for MEK are expected to pose slight
restraint for the growth of the European methyl ethyl ketone market. The
steady growth in investments in construction sector is expected to
provide high demand for paints and coatings and in turn boost the demand
for MEK in Latin America. African region is expected to have a steady
growth during the forecast period due to the investments in various
sectors. Technological advancements in some industries are expected
drive the demand for MEK and provide more opportunities for the major
market players to expand.
The companies covered in the report include Arkema SA, ExxonMobil,
Lanzhou Petrochemicals, Maruzen Petrochemicals, Petro China, Sasol
Solvents, Shell Chemicals, SK Energy Company Ltd, Tasco Chemicals and
The report provides deep insights on demand forecasts, market trends and
micro and macro indicators. In addition, this report provides insights
on the factors that are driving and restraining the demand of methyl
ethyl ketone globally as well as regionally. Moreover, IGR-Growth Matrix
analysis given in the report brings an insight on the investment areas
that existing or new market players can consider. The report provides
insights into the market using analytical tools such as Porter’s five
forces analysis and value chain analysis of methyl ethyl ketone.
Moreover, the study highlights current market trends and provides
forecast from 2017 to 2023. We also have highlighted future trends in
the methyl ethyl ketone market that will impact the demand during the
forecast period. Moreover, the competitive analysis given in each
regional market brings an insight on the market share of the leading
players. Additionally, the analysis highlights rise and fall in the
market shares of the key players in the market. This report will help
manufacturers, suppliers and distributors of the methyl ethyl ketone
market to understand the present and future trends in this market and
formulate their strategies accordingly.