Methyl Ethyl Ketone Market cover

Methyl Ethyl Ketone Market by Applications (Solvent, Resin, Printing Ink, Adhesive, and Others), End Users (Paints & Coatings, Rubber, Construction, Packaging & Publishing, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: MC-2114
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 2
  • No. Of Pages: 193
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The global methyl ethyl ketone market size is projected to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing demand for methyl ethyl ketone used in the manufacture of resins, paints, coatings, and other materials in the construction industry, as well as increase in the use of methyl ethyl ketone as a solvent in the pharmaceutical industry.

Methyl Ethyl Ketone Market summary

Methyl ethyl ketone is a colorless vaporous liquid. It has a pleasant but pungent smell. It is mainly used as a solvent for the manufacture of rubber, nitrocellulose, and cellulose acetate. It is also used to make paraffin wax. In addition, it is also used in household products such as paints and varnishes, paint removers, and adhesives. It is essentially a low boiling point evaporating liquid. Methyl ethyl ketone is a flammable and volatile liquid with a sweet taste and is naturally produced by some trees, bacteria, and algae.

Market Trends, Drivers, Restraints, and Opportunities

  • Growing demand for paints & coating from construction industry is expected to boost the market during the forecast period.
  • Rapid growth of the pharmaceutical industry owing to demand for antiseptics, lotions, and anesthetics is major factors fueling the market.
  • Rising demand for printing ink for high quality printing and printing on packaging materials is anticipated to drive the market during the forecast period.
  • High volatility in raw material prices is projected to restrict the market growth.
  • Rising awareness about environmental effects among end-users is creating demand for eco-friendly and bio based solvents act as major challenges that can hamper the market growth during the forecast period.
  • R&D investment and innovation of bio-based products and launch of new distillation system is expected to offer significant opportunities for the market players.

Scope of the Report

The report on the global methyl ethyl ketone market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes Details
Report Title Methyl Ethyl Ketone Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year 2020
Historic Data 2018–2019
Forecast Period 2021–2028
Segmentation Applications (Solvent, Resin, Printing Ink, Adhesive, and Others), and End Users (Paints and Coatings, Rubber, Construction, Packaging and Publishing, and Others)
Regional Scope Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report Sasol; Exxon Mobil Corp.; Royal Dutch Shell PLC; Nouryon; and Arkema

Market Segment Insights

The printing inks segment is projected to represent a major market share

In terms of applications, the methyl ethyl ketone market is segregated into resin, adhesive, printing ink, solvent, and others. The printing inks segment is expected to hold a key share of the market during the forecast period owing to increasing demand for printing inks in the packaging and publishing industries. This product is widely used because of its characteristics such as fast drying and good adhesion to the substrate. It is the preferred solvent in the printing industry. It is expected to develop in end-user industries including pharmaceuticals and food processing. Printing ink segment accounted for more than 14% of the total share, and is expected to increase significantly during the forecast period. Methyl ethyl ketone (MEK) is widely used because of its excellent drying time, adhesion to plastics, metals, glass and other substrates, and special inks. The growth of consumer industries such as food, medicine, and cosmetics is expected to drive market for methyl ethyl ketone used in printing inks. On the other hand, the adhesives segment is anticipated to expand at a rapid pace during the forecast period. China is estimated to continue to be one of the group's fastest-growing regional markets.

Methyl Ethyl Ketone Market application

The paints & coatings segment is expected to expand at a significant pace

Based on end users, the methyl ethyl ketone market is segmented into paints & coatings, rubber, construction, packaging & publishing, and others. The paints & coatings segment is expected to hold a key share of the market during the forecast period owing to a special solvent used in the paint and coating industry. The construction industry is the major buyer of paints and coatings. Residential construction in the Asia-Pacific and North America regions recorded significant growth, and it is expected that the demand for methyl ethyl ketone for residential construction increase during the forecast period. In addition, domestic and foreign countries are making huge investments in the Asia-Pacific, Middle East, and Africa to build industrial facilities, hospitals, shopping centers, multi-function halls, hotels, and IT departments. The automotive industry is also an important end user of paints and varnishes.

 Asia Pacific is anticipated to dominate the market

On the basis of regions, the methyl ethyl ketone market is categorized as North America, Europe, Latin America, Asia Pacific and Middle East & Africa. Asia Pacific is anticipated to dominate the market during the forecast period.  Countries such as India, China, the Philippines, Vietnam, and Indonesia continue to invest in residential and commercial buildings, thus the methyl ethyl ketone (MEK) market is expected to grow in the next few years. The civil aviation administration of China (CAAC) plans to build 216 new airports during forecast period to meet the increasing demand for air travel. In addition, the government has implemented a large-scale construction plan to relocate 250 million people to the new metropolitan area in the next ten years. India’s real estate industry is expected to reach a market size of US$1.1 trillion by 2030.

Methyl Ethyl Ketone Market region

Segments

Segments Covered in the Report

The global methyl ethyl ketone market has been segmented on the basis of

Applications

  • Solvent
  • Resin
  • Printing Ink
  • Adhesive
  • Others

End Users

  • Paints and Coatings
  • Rubber
  • Construction
  • Packaging and Publishing
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Sasol
  • Exxon Mobil Corp.
  • Royal Dutch Shell PLC
  • Nouryon
  • Arkema

Competitive Landscape

Key players competing in the methyl ethyl ketone market include Sasol; Exxon Mobil Corp.; Royal Dutch Shell PLC; Nouryon; and Arkema
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Methyl Ethyl Ketone Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Methyl Ethyl Ketone Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Methyl Ethyl Ketone Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Methyl Ethyl Ketone Market - Supply Chain
  4.5. Global Methyl Ethyl Ketone Market Forecast
     4.5.1. Methyl Ethyl Ketone Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Methyl Ethyl Ketone Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Methyl Ethyl Ketone Market Absolute $ Opportunity
5. Global Methyl Ethyl Ketone Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Methyl Ethyl Ketone Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Methyl Ethyl Ketone Demand Share Forecast, 2019-2026
6. North America Methyl Ethyl Ketone Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Methyl Ethyl Ketone Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Methyl Ethyl Ketone Demand Share Forecast, 2019-2026
7. Latin America Methyl Ethyl Ketone Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Methyl Ethyl Ketone Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Methyl Ethyl Ketone Demand Share Forecast, 2019-2026
8. Europe Methyl Ethyl Ketone Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Methyl Ethyl Ketone Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Methyl Ethyl Ketone Demand Share Forecast, 2019-2026
9. Asia Pacific Methyl Ethyl Ketone Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Methyl Ethyl Ketone Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Methyl Ethyl Ketone Demand Share Forecast, 2019-2026
10. Middle East & Africa Methyl Ethyl Ketone Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Methyl Ethyl Ketone Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Methyl Ethyl Ketone Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Methyl Ethyl Ketone Market: Market Share Analysis
  11.2. Methyl Ethyl Ketone Distributors and Customers
  11.3. Methyl Ethyl Ketone Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Sasol
     11.4.2. Exxon Mobil Corp.
     11.4.3. Royal Dutch Shell PLC
     11.4.4. Nouryon
     11.4.5. Arkema

Segments Covered in the Report

The global methyl ethyl ketone market has been segmented on the basis of

Applications

  • Solvent
  • Resin
  • Printing Ink
  • Adhesive
  • Others

End Users

  • Paints and Coatings
  • Rubber
  • Construction
  • Packaging and Publishing
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Sasol
  • Exxon Mobil Corp.
  • Royal Dutch Shell PLC
  • Nouryon
  • Arkema

Key players competing in the methyl ethyl ketone market include Sasol; Exxon Mobil Corp.; Royal Dutch Shell PLC; Nouryon; and Arkema
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.

Methyl Ethyl Ketone Market keyplayers

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