Methyl Ethyl Ketone Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, Application, Distribution Channel, Regional Demand, 2015-2030

Format: Online | Last Updated: Nov 2021

[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:
 
Attribute
Details
Market size volume in 2020
1.15 million tons
Growth Rate
CAGR of 4.8% from 2021 to 2030
Base year for estimation
2020
Historic Data
2015 – 2019
Forecast period
2022 – 2030
Quantitative units
Demand in tons and CAGR from 2021 to 2030
Report coverage
Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends
Segments covered
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.
Pricing and purchase options
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Available Customizations:
 
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs. 
 
In case you can’t find what, you are looking for then please get in touch with our custom research team at sales@chemanalyst.com
 

Frequently Asked Questions (FAQ):

Which are the major End Use industries of Methyl Ethyl Ketone?

The major end use industries of Methyl Ethyl Ketone are Paints and Coatings, Construction, Printing Inks, Pharmaceuticals and Others.

Which are major applications of MEK?

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.

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