Our latest research report entitled (by application (paints & coatings, printing inks, adhesive, solvent, and other applications)) provides complete and deep insights into the market dynamics and growth of Methyl Ethyl Ketone. Latest information on market risks, industry chain structure Methyl Ethyl Ketone cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Methyl Ethyl Ketone growth factors.
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Increase in the Application and Acceptance of Methyl Ethyl Ketone Among End-User Industries is Majorly Driving the Global Methyl Ethyl Ketone Market
Several chemicals are produced from crude oil, which is also known as petrochemicals. These chemicals are used for numerous applications in various end-use industries. Methyl ethyl ketone (MEK) is one of the petrochemicals which is primarily used as a solvent in different industries. Methyl ethyl ketone is primarily used as a solvent for paint & coating and resin industry. The methyl ethyl ketone market is highly concentrated and consolidated in nature. The major players in the market account for more than half of the total market share. The key market players including Exxon Mobil Corporation, Royal Dutch Shell PLC, Maruzen Petrochemical Co., Ltd., Sasol Limited, Arkema Group, SK Energy Co. Ltd. and others are focused on strategic mergers and acquisitions of the local players.
The increase in the application and acceptance of methyl ethyl ketone among end-user industries is majorly driving the global methyl ethyl ketone market. The methyl ethyl ketone is primarily used as a solvent for various end-user industries. Moreover, the rise in demand for paints and coatings in the automotive and construction sector is expanding the growth of the methyl ethyl ketone market.
Furthermore, the exponentially growing pharmaceutical industry is expected to boost the methyl ethyl ketone market. In combination with alcohol, methyl ethyl ketone is used in the pharmaceutical industry to manufacture products such as anesthetics, antiseptics, lotions, and medical drugs. However, stringent regulations on methyl ethyl ketone due to its toxicity is the major restraining factor for the growth of the methyl ethyl ketone market. Nevertheless, the declining prices of crude oil and its downstream derivatives are expected to offer lucrative opportunities for the key players in the methyl ethyl ketone market.
Asia Pacific Held the Highest Market Share
In terms of region, Asia Pacific held the highest market share, dominating the global methyl ethyl ketone market. The dominance of the Asia Pacific market attributed to the high demand from printing inks sector in emerging countries including China, India, Indonesia, and Thailand. Moreover, the increasing demand for adhesives and printing inks from residential and commercial building constructions is expected to boost the growth of the methyl ethyl ketone market in this region.
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Report on Global Methyl Ethyl Ketone Market Covers Segments such as Application
On the basis of application, the sub-markets include paints & coatings, printing inks, adhesive, solvent, and other applications.
Competitive Analysis:
The report provides profiles of the companies in the market such as Exxon Mobil Corporation, Royal Dutch Shell PLC, Maruzen Petrochemical Co., Ltd., Sasol Limited, Arkema Group, SK Energy Co. Ltd., Tasco Chemical Corporation, INEOS Limited, Lanzhou Petrochemical Company, Tonen Chemical Corporation, and Other Companies.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/chemical-material/global-methyl-ethyl-ketone-market
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Methyl Ethyl Ketone.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.