[Online Quarterly Update] Methyl Ethyl Ketone market witnessed a demand of 1.15 million tons in 2020 and is anticipated to grow at a healthy CAGR of 4.8% through the forecast period 2030. Methyl Ethyl Ketone (MEK) is a highly flammable, colorless, stable, volatile liquid of low viscosity and a characteristic odor. It is regarded as an exceptionally good solvent for several industrial materials including many natural and synthetic resins, but it is partially soluble in water. Methyl Ethyl Ketone is manufactured commonly by the dehydrogenation of 2-Butanol, catalyzed by Copper, Zinc, or Bronze. Another method for MEK production is via direct oxidation of n-butene using Palladium or Cupric Chlorides as catalysts. Moreover, Methyl Ethyl Ketone can also be isolated in the manufacturing process of butane-based acetic acid as a by-product.
Methyl Ethyl Ketone market is segmented into two grades as Regular Grade and Urethane Grade. The major applications of MEK are its utilization as an excellent industrial solvent, as a chemical intermediate and as a plastic welding agent. The majority of the total Methyl Ethyl Ketone produced globally, is used as a solvent in resins, cellulose acetate, vinyl films, gums, nitrocellulose coatings. Apart from these MEK finds applications in the production of lacquers, thinners, adhesives, varnishes, cleaning agents, paraffin wax, textiles, synthetic rubber, paint remover, plastics, and printing inks. In pharmaceuticals and personal care sector, Methyl Ethyl Ketone is employed in the formulations of lotions, antiseptics, anesthetics, and drugs and is anticipated to boost its demand in the forthcoming years.
On the basis of these applications, the main end-use industries of MEK are Paints and Coatings, Printing Inks, Construction, Pharmaceuticals & Personal Care and Others. Among these, Paints and Coatings is the leading segment that holds the maximum demand share in the market for Methyl Ethyl Alcohol and is expected to drive its demand in the forthcoming years. However, as Methyl Ethyl Acetate is related to environment and health hazards, therefore governments of several nations have imposed some stringent regulation on the consumption and transportation of MEK which may hinder its market growth in the forecast period. Besides, fluctuations in the prices of crude oil may impact the prices of MEK and its derivatives that is also a major challenge for the growth of Methyl Ethyl Acetate market.
In the first half of 2020, due to the unexpected outbreak of the COVID-19 pandemic, major global economies imposed nationwide lockdowns and trade restrictions to control the spread of the virus. Many industries were impacted drastically due to slowdown in Industrial operations, raw material scarcity, and hindrance in the supply and demand chain. The demand for Methyl Ethyl Ketone was declined as its major end use industries including construction, paints, and coatings etc. were severely hit that consequently negatively influenced the Methyl Ethyl Ketone industry in first wave of Covid-19. However, its demand from pharmaceuticals and for making printing inks was constant despite pandemic. Additionally, in the latter half of 2020, there was an improvement in the demand for Methyl Ethyl Ketone due to the speedy recovery in the Construction, paints and coatings, sector and other end-use industries and is predicted to grow at a substantial rate over the forecast years.
Region-wise, Asia Pacific holds the maximum demand share of the Methyl Ethyl Ketone market. Factors such as blooming construction, packaging, and automobile sectors along with other industries, coupled with growing population and urbanization in the region are expected to boost the Methyl Ethyl Ketone market through 2030. On the other hand, Europe and North America regions are expected to witness sluggish growth in the Methyl Ethyl Ketone market due to stringent regulations and policies imposed by the governments on the production, consumption and transportation of MEK.
The leading players of Methyl Ethyl Ketone market are ExxonMobil Chemical company, Sasol Ltd., Arkema S.A., Maruzen Petrochemical Co. Ltd., Royal Dutch Shell Plc., Ineos Group, SK Energy Co. Ltd., and Petro China Company Ltd., Tonen Chemicals Corp., Idemitsu Kosan Co. Ltd., Tasco Chemical Co., and Fushun Petrochemical Company.
Years Considered for this Report:
Historical Years: 2015 – 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 – 2030
This report will be delivered on an online digital platform with one-year subscription and quarterly update.
Objective of the Study:
• The primary objective of the study was to evaluate and forecast the Methyl Ethyl Ketone capacity, production, demand, inventory, and demand–supply gap globally.
• To categorize Methyl Ethyl Ketone demand based on End Use, Grade, Region, and Distribution channel
• To identify major customers of Methyl Ethyl Ketone globally.
• To evaluate and forecast Methyl Ethyl Ketone pricing globally.
• To identify and profile major companies operating globally Methyl Ethyl Ketone market.
• To identify major news, deals and expansion plans globally Methyl Ethyl Ketone market.
To extract data for Global Methyl Ethyl Ketone market, primary research surveys were conducted with Methyl Ethyl Ketone manufacturers, suppliers, distributors, wholesalers and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, Chemanol’s was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, chemicals analyzed various end user segments and projected a positive outlook for Global Methyl Ethyl Ketone market over the coming years.
ChemAnalyst calculated Methyl Ethyl Ketone demand globally by analyzing the historical data and demand forecast which was carried out considering the Application industries growth. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience
• Methyl Ethyl Ketone manufacturers and other stakeholders
• Organizations, forums, and alliances related to Methyl Ethyl Ketone distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Methyl Ethyl Ketone manufacturers, distributors and policymakers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
Report Scope:
In this report, the Global Methyl Ethyl Ketone market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
1. End Use (Paints and coatings, Construction, Printing Inks, Pharmaceuticals and Personal care and Others)
2. Grade: (Regular Grade, Urethane Grade)
3. Distribution Channel (Direct/Institutional Sales, Other Channel Sales)
4. Region
Regional scope
North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope
United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
Key companies profiled
ExxonMobil Chemical company, Sasol Ltd., Arkema S.A., Maruzen Petrochemical Co. Ltd., Royal Dutch Shell Plc., Ineos Group, SK Energy Co. Ltd., and Petro China Company Ltd., Tonen Chemicals Corp., Idemitsu Kosan Co. Ltd., Tasco Chemical Co., and Fushun Petrochemical Company.
Customization scope
Free report customization with purchase. Addition or alteration to country, regional & segment scope.
12.7.4.Argentina Methyl Ethyl Ketone Demand-Supply Scenario, 2015-2030, By Volume
12.7.4.1.Demand
12.7.4.2.Supply
12.7.4.3.Gap
12.7.5.Argentina Methyl Ethyl Ketone Demand Outlook, 2015-2030, By Volume
12.7.5.1.By End Use
12.7.5.2.By Grade
12.7.5.3.By Sales Channel
12.7.5.4.By Company Share (At least top 3 companies’ market share
12.7.5.5.By Region
13.Country-wise Import
14.Country-wise Export
15.News and Deals
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s,Lorem Ipsum has been the industry's standard dummy text ever since the 1500s,
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s,Lorem Ipsum has been the industry's standard dummy text ever since the 1500s,
Clients & Testimonials
I am satisfied with overall performance of ChemAnalyst. Weekly updates before the final report were especially
helpful and reassuring. Additional requests on the interim and/or final reports were handled in a swift and professional manner
Mr.Shin Dosho
Member - Board of Directors
Osaka Gas Co. Ltd
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s,Lorem Ipsum has been the industry's standard dummy text ever since the 1500s,
Disruption Tracker
Disruption Tracker reflect the major shutdown on monthly basis which will help you in tracking the inventory management and smooth functioning of business. Unforeseen shutdowns and disruptions resulting in a loss of production capacity to impact the bottom line. The capacity tracker provides industries with a global view of production and consumption capacity loss that reflects the corresponding conversion factors. It also highlights the immediate impact on supply due to planned and unplanned outages as well as upcoming start-up of new capacities. Additionally, it emphasizes how each shutdown—whether due to a maintenance turnaround or a case of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on supply of the product in the market at a Global level.
Which are the major End Use industries of Methyl Ethyl Ketone?
Ans:
The major end use industries of Methyl Ethyl Ketone are Paints and Coatings, Construction, Printing Inks, Pharmaceuticals and Others.
Q2.
Which are major applications of MEK?
Ans:
Methyl Ethyl Ketone finds applications primarily as an excellent solvent, as a plastic welding agent, curing agent, as a chemical intermediate in Polyester resins, vinyl films, gums, nitrocellulose coatings, thinners, adhesives, varnishes, cleaning agents, paraffin wax, textiles, synthetic rubber, paint remover, plastics, and printing inks.
Q3.
Do you offer single or multiuser license?
Ans:
Online Access 12 Months – Single User License (Up to 3 users can access the database)
Online Access 12 Months – Multiple User License (Up to 10 Users can access the database)
Q4.
Will I get access to the analyst who authorized this report?
Ans:
You will have 24/7 access to the analyst during the subscription period.
Our Solutions
Custom Research
We at ChemAnalyst provide tailor-made solutions to our clients based on their requirements which help them in building and expanding their business by developing customized strategy such as sales strategy, GTM Strategy, product portfolio and new product development. Our dedicated team helps clients in getting the best solution for their requirements. We at ChemAnalyst look forward to serving our clients for long term association.
Techno Economic Feasibility Report (TEFR)
ChemAnalyst provide TEFR reports which include market sizing, plant cost (ISBL and OSBL units), financial modelling, covering all the major financial calculations and ratios including production cost, IRR, major technology, licensing fee (if required), and others fixed and variable costs. TEFR reports will help the client to build greenfield project as well as brownfield expansion for a specific geography. Our Team of experts have delivered multiple TEFR reports which help clients in moving ahead of their business competition by grabbing the opportunity and expanding their business portfolio.
Price Benchmarking
Pricing benchmark report provides real-time data perpetuating current market scenarios, in a world that is changing at a rapid pace, having real-time prices is an imperative to make impactful insights and thereby informed decisions. The Price Benchmarking report provides pricing data for an individual market, or group of markets, which can be converted into localized insights and comparable listings. Benchmarking Reports help clients to make informed decisions by construing the data on several filters: region, country, category, grade and subsequently increasing their brand presence. Clients majorly require pricing benchmarks when they opt for a competitive pricing strategy.
