In accordance with IMARC Group’s newest report, titled “Methyl Ethyl Ketone (MEK) Market: World Trade Tendencies, Share, Dimension, Progress, Alternative and Forecast 2022-2027“, the world methyl ethyl ketone market measurement reached US$ 3.4 Billion in 2021. Wanting ahead, IMARC Group expects the market to achieve US$ 4.6 Billion by 2027, exhibiting a progress fee (CAGR) of 4.98% throughout 2022-2027.
Yr Thought of to Estimate the Market Dimension:
- Base Yr of the Evaluation: 2021
- Historic Interval: 2016-2021
- Forecast Interval: 2022-2027
Methyl ethyl ketone (MEK), additionally known as 2-butanone, represents a extremely risky natural liquid that’s generally used as a industrial solvent and cleaner for paints, glues, coatings, artificial rubber, paraffin wax, printing inks, and so on. It’s manufactured by the dehydrogenation of secondary butyl alcohol and can be produced as a by-product of butane oxidation. As such, MEK is also used for the extraction of oils, waxes, fat, resins, and so on., and acts as a low-boiling solvent for nitrocellulose, acrylic, and vinyl floor coatings. Consistent with this, it assists in eradicating oil paint end and make contact with cement from surfaces and manufacturing solvent-based inks for high-resolution industrial printing in books, labels, newspapers, and so on.
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The rising ranges of industrialization are primarily driving the methyl ethyl ketone (MEK) market. Moreover, the rising adoption of this liquid as an industrial solvent for the manufacturing of quick-drying, water- and powder-based paints and printing inks which might be used with substrates, corresponding to glass, metals, plastics, and so on., is additional catalyzing the market progress. In addition to this, the growing utilization of methyl ethyl ketone within the prescribed drugs business, because it improves the penetration fee of medicinal medication and breaks down the construction of quaternary proteins within the physique, is appearing as one other important growth-inducing issue. Furthermore, the escalating demand for MEK-based inks within the development and automotive sectors is positively influencing the worldwide market. Other than this, the inflating recognition of methyl ethyl ketone within the manufacturing of aesthetics, antiseptics, lotions, and different private care merchandise can be propelling the market progress. Moreover, intensive investments by authorities our bodies for infrastructural growth initiatives are anticipated to gas the methyl ethyl ketone (MEK) market over the forecasted interval.
Methyl Ethyl Ketone (MEK) Market 2022-2027 Aggressive Evaluation and Segmentation:
Aggressive Panorama With Key Gamers:
The aggressive panorama of the methyl ethyl ketone market has been studied within the report with the detailed profiles of the important thing gamers working out there.
A few of these key gamers embrace:
- Cetex Petrochemicals
- Cosmo Power Group
- ExxonMobil Company
- Fushun Petrochemical Firm
- Ineos Solvents
- Maruzen Petrochemical
- Royal Dutch Shell Plc
- Tasco Chemical substances
- Zibo Qixiang Petrochemical Trade Group Co. Ltd.
Key Market Segmentation:
The report has segmented the worldwide methyl ethyl ketone market based mostly on software, kind, grade and area.
Breakup by Utility:
- Paints and Coatings
- Adhesives and Thinners
- Printing Inks
- Prescribed drugs
Breakup by Kind:
Breakup by Grade:
- Common Grade
- Urethane Grade
Breakup by Area:
- North America
- Asia Pacific
- Latin America
- Center East and Africa
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Key Highlights of the Report:
- Market Efficiency (2016-2021)
- Market Outlook (2022-2027)
- Market Tendencies
- Market Drivers and Success Elements
- Impression of COVID-19
- Worth Chain Evaluation
- Complete mapping of the aggressive panorama
In case you want particular info that isn’t presently inside the scope of the report, we’ll present it to you as part of the customization.
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