Pharmaceutical and healthcare industries are estimated to massive benefits from MEK owing to its pioneering abilities, making it an essential component in the creation of antiseptics, anesthetics and other types of drug formulations.
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The basic objective of this report is to deliver details pertaining to the growth of this market, with respect to the rising demand from various sectors. The Methyl ethyl ketone market report comprises an in-depth study of the current trends, growth opportunities, sectors likely to depict high growth prospects, industry drivers, and more, that would help shareholders undertake major decisions.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
2. Maruzen America, Inc.
5. Ineos Solvents
6. SK Energy
7. Lanzhou Haimo Technologies Co., Ltd.
8. Idemitsu Kosan Co Ltd.
9. Tasco Chemical Corporation
10. Tonen Chemical Corporation
11. CNPC Fushun Petrochemical Corporation
Increasing consumption across these industry verticals could play a crucial role in evolving methyl ethyl ketone market outlook. Based on these trends, Global Market Insights Inc. predicts that the MEK market could touch USD 3.64 billion by 2022, with at least 50% of the overall demand likely to come from the paints and coating sector.
In terms of application, the MEK market is bifurcated into adhesives, printing inks, and paints & coatings. Of these, printing ink segment currently holds more than 200-kilo tons of global methyl ethyl ketone market share. It offers numerous advantages like adhesion with substrates such as metals, glass & plastics, facilitating the formulation of specialized inks and excellent drying times. This makes it the most preferred solvent in printing sector.
The price trends of methyl ethyl ketone market had prior seen a slope due to the global crude slump, whereas regulatory tensions could further implication negative impact on the industry. Nevertheless, developing significance for MEK as a varnish, paint remover & cleaning agent as well as acting as a catalyst in polymerization of polyester resins could support the overall market growth over the predicted timeframe.
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Considering the regional landscape, regions like Asia Pacific and Latin America are expected to deliver noteworthy growth opportunities to the MEK market. Considerable demands for MEK products from the regional paints and coatings industry owing to the increasing construction spending could benefit the overall methyl ethyl ketone market growth.
Being one of the world's largest infrastructure and construction markets, APAC is predicted to hold a prominent share in global methyl ethyl ketone market. The regional market is mainly dominated by India and China, with overall estimated revenue recorded around USD 1.35 billion in 2014.
The regional segmentation covers:
o Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe)
o North America Region (U.S., Canada, Mexico)
o South America Region (Argentina, Brazil, Columbia, Rest of South America)
o Asia-Pacific Region (China, South Korea, Japan, Southeast Asia, India, Rest of Asia-Pacific)
o The Middle East & Africa Region (UAE, Saudi Arabia, Nigeria, South Africa, Egypt, Rest of MEA)
As for North America, steady growth in the automotive sector, which is presently recovering from an economic downturn, could play a pivotal role in proliferating regional MEK industry growth. Expanding on the U.S. MEK market, the product demand is largely motivated by its consumption in paints & coatings.
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However, increasing efforts by the region's federal body towards promoting the use of sustainable technologies could boost the adoption of green solvents over methyl ethyl ketone. Similarly, Europe methyl ethyl ketone (MEK) market is heavily regulated, with strict product registration norms.
Main Features of the Global Market Research Report:
The report delivers the market valuation as well as the projected growth rate of the market spanning all years till 2025.
-The report also describes the major drivers of the market by considering as well as taking calculated risks, in tandem with identifying and testing new strategies.
-The research report endorses a detailed industry chain analysis. Also, it covers the production process of the market, upstream raw material supplier information, raw material costs, labor costs, manufacturing costs, marketing channels, as well as the downstream buyers of the market.
-The report provides detailed knowledge about the competitive scenario of the global market and also discusses the numerous marketing strategies adopted by companies to stay ahead in the competition.
-The report analyses the various market segments and also provides their contribution to the development of the global industry.
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