Methyl Ethyl Ketone Market – Global Industry Analysis, Size, Share, Trends and Forecast 2019 – 2025
Methyl Ethyl Ketone Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of methyl ethyl ketone market by application (paints & coatings, printing inks, adhesive, solvent, and other applications) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the methyl ethyl ketone market it includes the five years Industry analysis and the 6 years annual forecast from to 2025. Some of the prominent participants in the global methyl ethyl ketone market are 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. 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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Increase in the Application and Acceptance of Methyl Ethyl Ketone Among End-User Industries is Majorly Driving the Global Methyl Ethyl Ketone Market
The increase in the application and acceptance of methyl ethyl ketone among end-user industries is majorly driving the global methyl ethyl ketone market. The methyl ethyl ketone is primarily used as a solvent for various end-user industries. Moreover, the rise in demand for paints and coatings in the automotive and construction sector is expanding the growth of the methyl ethyl ketone market.
Furthermore, the exponentially growing pharmaceutical industry is expected to boost the methyl ethyl ketone market. In combination with alcohol, methyl ethyl ketone is used in the pharmaceutical industry to manufacture products such as anesthetics, antiseptics, lotions, and medical drugs. However, stringent regulations on methyl ethyl ketone due to its toxicity is the major restraining factor for the growth of the methyl ethyl ketone market. Nevertheless, the declining prices of crude oil and its downstream derivatives are expected to offer lucrative opportunities for the key players in the methyl ethyl ketone market.
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Asia Pacific Held the Highest Methyl Ethyl Ketone Market
In terms of region, Asia Pacific held the highest market share, dominating the global methyl ethyl ketone market. The dominance of the Asia Pacific market attributed to the high demand from printing inks sector in emerging countries including China, India, Indonesia, and Thailand. Moreover, the increasing demand for adhesives and printing inks from residential and commercial building constructions is expected to boost the growth of the methyl ethyl ketone market in this region.
Methyl Ethyl Ketone Market: Segmentation
The report on global methyl ethyl ketone market covers segments such as application. On the basis of application, the sub-markets include paints & coatings, printing inks, adhesive, solvent, and other applications.
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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 applications 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.