Market Size – USD 3.07 Billion in 2018, Market Growth - CAGR of 5.3%, Market trends – Increase in demand for methyl ethyl ketone in the paints & coatings applications.

New York, NY -- (SBWire) -- 04/16/2021 --Increasing demand for methyl ethyl ketone in the online retailing business, coupled with high investment in R&D of methyl ethyl ketone, is fueling the market growth.

Market Size – USD 3.07 Billion in 2018, Market Growth - CAGR of 5.3%, Market trends – Increase in demand for methyl ethyl ketone in the paints & coatings applications.

The Global Methyl Ethyl Ketone Market is forecast to reach USD 4.93 Billion by 2027, according to a new report by Reports and Data. The Methyl Ethyl Ketone (MEK) is an aliphatic ketone with a colorless or pale yellow shade, flammable, highly water-soluble industrial and commercial chemical with a strong, pungent odor. Methyl ethyl ketone is mostly used as a solvent in the manufacturing of surface coating applications and also widely utilized as an intermediate solvent chemical in the formulation of various chemical processing. Paints, inks, synthetic resin, varnishes, surface coating, and denaturant, food flavoring in many ethanol formulations are some of its chemical applications. Methyl ethyl ketone, for its combination of high solvent activity with low density, is very useful in developing high-solid coatings and highly demanded in the coating industry. The continuous expansion of the paint & coatings, varnishes, adhesives, inks, food flavoring agent, and food-contact packaging products are expected to drive the demand throughout the forecast period.

Asia Pacific region is forecasted to grow fastest with the highest growth rate of 6.1% in the period 2019 – 2027, owing to high market penetration in paints & coatings and food packaging applications coupled with the extensive demand for the cleaning agents and automotive care products, especially in the regions like India and China.

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Key participants include LCY Chemical Corp., ExxonMobil, Royal Dutch Shell PLC, Maruzen Petrochemicals, Arkema S.A, Celanese Corporation, Eastman Chemical Company, Petro China, Sasol Limited, and ISU Chemical.

Further key findings from the report suggest

- Methyl ethyl ketone is a synthetic chemical compound used in the direct solvent and widely used in the direct chemical formulations. Specialty coating, powder coating, waterborne coatings, inks, varnishes, lacquers, direct extraction agent in the dewaxing & deoiling of the petroleum products are some of its end-use applications. The direct solvent is forecasted to reach a market share of 34.5% by 2027 growing with a rate of 5.6% during the period 2019 – 2027.
- Chemical intermediate segment is measured to grow at the CAGR of 5.2% in the forecast period. Methyl ethyl ketone is utilized as the active chemical & organic intermediate in plasticizer & plastics manufacturing.
- Growing penetration of the online retailing businesses for the chemicals and materials, especially in the emerging nations in Asia Pacific, is helping the market grow by broadening the outreach in the areas where the offline vendors are unavailable. Also, non-involvement of the distributors in the supply chain model, the profit margin is way more than that of the offline retailing. The online retailing is expected to gain a market share of 34.1% by 2027.
- Europe would reach a market share of 20.5% by 2027 and would grow at a CAGR of 4.9% in the forecast period. Netherland and France have some of the valuable players in this region.
- North America is forecasted to witness significant growth in the overall market, with 25.7% of market possession by 2027 and CAGR of 5.8% during the forecast period. US possesses the highest market share in this region and some of the vital player of the market.

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/methyl-ethyl-ketone-market

For the purpose of this report, Reports and Data have segmented the global methyl ethyl ketone market on the basis of the end-use, sales channel, applications, and region:

End-Use Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)

Direct Solvent
Chemical Intermediate
Chemical Reagents
Others

Sales Channel Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)

Online Retailing
Offline Retailing

Applications Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)

Paints & Coatings
Rubber & Adhesive
Chemical & Pharmaceuticals
Food Packaging & Flavoring
Others

Regional Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)

North America
Europe
Asia Pacific
Middle East & Africa (MEA)
Latin America

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Table of Content:
Chapter 1. Market Synopsis
    1.1. Market Definition
    1.2. Research Scope & Premise
    1.3. Methodology
    1.4. Market Estimation Technique
Chapter 2. Executive Summary
    2.1. Summary Snapshot, 2018-2027
Chapter 3. Indicative Metrics
Chapter 4. Methyl Ethyl Ketone Market Segmentation & Impact Analysis
    4.1. Methyl Ethyl Ketone Market Material Segmentation Analysis
    4.2. Industrial Outlook
          4.2.1. Market indicators analysis
          4.2.2. Market drivers analysis
                   4.2.2.1. Substantial growth in the paints & coatings applications
                   4.2.2.2. Increasing demand for the extracting agent in the dewaxing and deoiling of petroleum products
                   4.2.2.3. High demand for methyl ethyl ketone in automotive care applications & adhesive application
           4.2.3. Market restraints analysis
                    4.2.3.1. Toxicity of the chemical compound compared to other ketones
                    4.2.3.2. Concerns with the hazardous effects for the factory workers and household applications
    4.3. Technological Insights
    4.4. Regulatory Framework
    4.5. ETOP Analysis
    4.6. Porter's Five Forces Analysis
    4.7. Competitive Metric Space Analysis
    4.8. Price trend Analysis
…
Chapter 9. Competitive Landscape
9.1. Market Revenue Share By Manufacturers
9.2. Manufacturing Cost Breakdown Analysis
9.3. Mergers & Acquisitions
9.4. Market positioning
9.5. Strategy Benchmarking
9.6. Vendor Landscape

Chapter 10. Company Profiles
10.1. LCY Chemical Corp.
  10.1.1. Company Overview
  10.1.2. Financial Performance
  10.1.3. Technology Insights
  10.1.4. Strategic Initiatives
10.2. ExxonMobil
  10.2.1. Company Overview
  10.2.2. Financial Performance
  10.2.3. Technology Insights
  10.2.4. Strategic Initiatives
10.3. Royal Dutch Shell PLC
  10.3.1. Company Overview
  10.3.2. Financial Performance
  10.3.3. Technology Insights
  10.3.4. Strategic Initiatives
10.4. Maruzen Petrochemicals
  10.4.1. Company Overview
  10.4.2. Financial Performance
  10.4.3. Technology Insights
  10.4.4. Strategic Initiatives
10.5. Arkema S.A
  10.5.1. Company Overview
  10.5.2. Financial Performance
  10.5.3. Technology Insights
  10.5.4. Strategic Initiatives
10.6. Celanese Corporation
  10.6.1. Company Overview
  10.6.2. Financial Performance
  10.6.3. Technology Insights
  10.6.4. Strategic Initiatives

Continue….

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