Pune, India -- (SBWIRE) -- 12/20/2019 -- A new report published by Infinium Global Research on "Methyl Ethyl Ketone Market (Application - Paints & Coatings, Printing Inks, Adhesive, Solvent, and Other Applications): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025." Methyl ethyl ketone also is known as Butanone is an organic compound that is colorless liquid ketone that has a sharp and sweet smell similar to butterscotch and acetone. The compound is massively used in surface coatings, adhesives, extraction medium for fats oils, waxes and resins, printing inks, chemical intermediates, lube oil dewaxing agents and magnetic tapes which enhances growth for methyl ethyl ketone market. The global methyl ethyl ketone market is projected to grow at a CAGR of 5.28% over the forecast period of 2019-2025.

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Rapidly Growing Demand Enhance Growth for Methyl Ethyl Ketone Market

Growing demand for paints and coatings from the automotive and construction sectors fuel growth for the methyl ethyl ketone market. Rapid growth in the pharmaceutical industry boost growth for methyl ethyl ketone market. Use of methyl ethyl ketone along with alcohol in the pharmaceutical industry to make anesthetics, antiseptics, lotions, and medical drugs enhance the growth of the global methyl ethyl ketone market. Furthermore, declining crude oil prices generate opportunities for the methyl ethyl ketone market.

Asia-Pacific Accounts the Largest Holding of Shares in the Market

Geographically, Asia-Pacific holds the largest share in the global methyl ethyl ketone market owing to surging demand from the printing inks industry in developing countries like India, China, Indonesia, and Thailand. Furthermore, rising pressure for adhesives and printing inks from residential and commercial buildings constructions propel growth for the methyl ethyl ketone market in the region.

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Paints and Coatings Segment Holds Dominance in the Global Methyl Ethyl Ketone Market

According to the analyst, the scope of the market is analyzed on the basis of the application.  Based on the application the study includes paints & coatings, printing inks, adhesive, solvent, and other applications. Paints and coatings segment holds dominance in the global methyl ethyl ketone market owing to growing spending in the construction industry and surging growth in the automotive industry. The paints and coatings consist of sub-segments such as specialty, waterborne, powder and solvent-borne coatings. Also, high demand from the automobile industry and electronic industry for powder coatings fuel growth for the methyl ethyl ketone market.

Leading Key Players in the Market

Based on the analysis of the market the leading companies in the study include 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. Exxon Mobil Corporation acquired 5 million shares in the first nine months of 2019. The purchase consisted of its common stocks for the reserves at a total cost of $414 million.

In May 2019, INEOS Limited announced the completion of the acquisition of Tronox Limited's North American business, National Titanium Dioxide Company Limited for $700 million. Also, in September 2019, INEOS completed the acquisition of composite business from Ashland Global Holdings Inc.

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About Infinium Global Research
Infinium Global Research provides in-depth insight regarding the market, its trends, indicators, and factors that drive and restrain the growth of the market. IGR expertise in the analysis of the market growth using analytical tools, that were also used to analyze the market for the methyl ethyl ketone market. Other than chemical and materials, IGR also deals in the field of agriculture, food and beverage, aerospace and defense, automotive, healthcare and medical devices, consumer goods and packaging, energy, infrastructure and mining, ICT, semiconductors and electronics and industrial automation.  

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 application 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.