IMARC Group has recently released a new research study titled “Methyl Ethyl Ketone (MEK) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the global methyl ethyl ketone market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. The market size reached US$ 3.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028.

Methyl ethyl ketone (MEK), also called 2-butanone, represents a highly volatile organic liquid that is commonly used as a commercial solvent and cleaner for paints, glues, coatings, synthetic rubber, paraffin wax, printing inks, etc. It is manufactured by the dehydrogenation of secondary butyl alcohol and can also be produced as a by-product of butane oxidation. As such, MEK is extensively utilized for the extraction of oils, waxes, fats, resins, etc., and acts as a low-boiling solvent for nitrocellulose, acrylic, and vinyl surface coatings. In line with this, it assists in removing oil paint finish and contact cement from surfaces and manufacturing solvent-based inks for high-resolution commercial printing in books, labels, newspapers, etc.

Market Trends and Drivers:

The growing levels of industrialization are primarily driving the global methyl ethyl ketone (MEK) market. Additionally, the rising adoption of this liquid as an industrial solvent for the production of quick-drying, water- and powder-based paints and printing inks that are used with substrates, such as glass, metals, plastics, etc., is further catalyzing the market growth.

The increasing utilization of methyl ethyl ketone in the pharmaceuticals industry, as it improves the penetration rate of medicinal drugs and breaks down the structure of quaternary proteins in the body, is acting as another significant growth-inducing factor. The escalating demand for MEK-based inks in the construction and automotive sectors is positively influencing the global market. Apart from this, the inflating popularity of methyl ethyl ketone in the production of aesthetics, antiseptics, lotions, and other personal care products is also propelling the market growth. Furthermore, extensive investments by government bodies for infrastructural development projects are anticipated to fuel the methyl ethyl ketone (MEK) market over the forecasted period.

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Competitive Landscape With Key Players:

The competitive landscape of the methyl ethyl ketone market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• Arkema
• Cetex Petrochemicals
• Cosmo Energy Group
• ExxonMobil Corporation
• Fushun Petrochemical Company
• Ineos Solvents
• Maruzen Petrochemical
• Nouryon
• Royal Dutch Shell Plc
• Sasol
• Tasco Chemicals
• Zibo Qixiang Petrochemical Industry Group Co. Ltd.

Key Market Segmentation:

The report has segmented the global methyl ethyl ketone market based on application, form, grade and region.

Breakup by Application:

• Paints and Coatings
• Adhesives and Thinners
• Printing Inks
• Pharmaceuticals
• Others

Breakup by Form:

• Liquid Form
• Solid Form

Breakup by Grade:

• Regular Grade
• Urethane Grade
• Others

Breakup by Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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