openPR Logo
Press release

Methyl Isobutyl Ketone Market

Global Market Insights, Inc.

Global Market Insights, Inc.

Methyl Isobutyl Ketone Market size is likely to expand at a prominent CAGR of close to 7% in the forecast timespan of 2018-2024. Methyl isobutyl ketone has excellent solvency property and is primarily used as solvent in various industries such as coatings and rubber.

Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/2561

The booming global automotive industry has led to increase in consumption level of solvents for rubber processing chemicals and surface coatings, which has propelled the methyl isobutyl ketone demand in automobile industry. Steadily growing construction industry and automotive & marine vessels industry will drive the rubber and coatings industry directly, which will have a positive impact on the methyl isobutyl ketone market for the forecast period owing to its vivid applications in rubber industry for antioxidants, accelerators, peptisers and retarders. In the coming years, the product use, particularly in automobile applications, due to shift in manufacturing facilities from developed to developing nations, is going to drive the global methyl isobutyl ketone market size. The product is widely used in manufacturing of insecticides, which are used in commercial agriculture sector on a large scale. Agriculture based economies such as India, are investing heavily in improving agricultural production output by majorly focusing on fertilizers and insecticides, which in turn, will positively influence the product market growth.

Petroleum based methyl isobutyl ketone is considered harmful for human health and environment as well, due to the formation of explosive peroxides upon exposure to air, if spilled during storage or transport. Even low level exposure to the product can have side effects on human health. Thus, there’s a growing concern regarding its usage in industries globally and will hinder the product market growth in future.

Many companies are welcoming bio-based methyl isobutyl ketone in place of petroleum based methyl isobutyl ketone. The production process of bio-based methyl isobutyl ketone is simple and the product is also environment friendly and cost effective compared to petroleum based methyl isobutyl ketone. The demand for bio based methyl isobutyl ketone in various industries will drive the overall product market size.

Based on application, the product market is divided into insecticides, solvents, surfactants and rubber chemicals. Solvents is again divided into marine & automotive coating, wood coatings and construction coatings. The product, being a mixture of high solvent activity, is widely used in solid surface coating. It is used as a solvent for inks, coatings and adhesives. Also, it is used in manufacturing of pharmaceuticals, electroplating solutions, germicides and fungicides. Solvents was the leading application segment in the global product demand in 2015.

The global product market, as per end-users, can be segmented into marine, building & construction, crop-protection and automobile industry. Marine industry utilizes paints and anti-corrosion coatings on a vast scale, which ultimately augments the product demand globally. Similarly, in building and construction industry, paints, coatings and adhesives are widely used for finishing, polishing and strengthening frameworks and structure. This influences the product demand directly. Crop protection industry runs basically on insecticides and other crop protection chemicals, which have methyl isobutyl ketone as an integral ingredient, thus propelling the overall product demand. Automotive industry utilizes rubber extensively, hence the usage of the product also increases in rubber industry, and thereby increases the methyl isobutyl ketone market size.

Request for customization @ https://www.gminsights.com/roc/2561

In 2015, Asia Pacific led the global product market followed by North America and Europe. China is a chief consumer of methyl isobutyl ketone in Asia Pacific region, especially in the anti-ozonants application. Increasing consumption of the product in crop-protection and automobile industries in India, China and South East-Asian nations is anticipated to drive the regional product market of Asia Pacific. The methyl isobutyl ketone market will register a moderate pace growth in the forecast period in North America and Europe as these are mature markets. There are lucrative opportunities for the product market to grow in Middle East and Africa owing to the rise in infrastructure development activities in both commercial and residential segment.

The product market has few major players, namely, The Dow Chemical Company, Lee Chang Yung Chemical, Kumho P&B, Royal Dutch Shell Plc, Mitsubishi Chemical Holding Corporation, Eastman Chemical Company, Mitsui Chemicals and Celanese Corporation.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Methyl Isobutyl Ketone Market here

News-ID: 1401712 • Views:

More Releases from Global Market Insights, Inc.

Hepatitis B Vaccine Market Set to Surpass $12 Billion by 2034
Hepatitis B Vaccine Market Set to Surpass $12 Billion by 2034
The global hepatitis B vaccine market is poised for significant expansion over the next decade, fueled by rising liver disease cases, expanded immunization coverage, and advancements in vaccine development. Valued at USD 6.7 billion in 2024, the market is projected to reach USD 7.3 billion in 2025 and surge to USD 12 billion by 2034, reflecting a healthy compound annual growth rate (CAGR) of 5.7%. A major driver behind this growth
Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health. This in turn has led to a surge in demand for various functional foods
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock. According to Global Market Insights Inc estimates
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key players Eaton, Schneider, Siemens, Hitachi, Powell, Hubbell
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight. Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091 Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group

All 5 Releases


More Releases for Chemical

Nickel Nitrate Market Size, Key Players: UMAI CHEMICAL, The Shepherd Chemical Co …
Nickel nitrate is an inorganic compound that is used in various applications, including electroplating, catalysts, and as a precursor for the production of other nickel compounds. The nickel nitrate market is expected to grow in the coming years, driven by the increasing demand for nickel in various applications such as the automotive and electronics industries. Get a Free Sample Copy of the Global Nickel Nitrate Market Research Report at https://www.reportsnreports.com/contacts/requestsample.aspx?name=6914387 Market segmentation Nickel
Pharma Grade Ethylmalonate Market Analysis and Forecast To 2028 | Hebei Chengxin …
"In the past few years, the Pharma Grade Ethylmalonate market experienced a huge change under the influence of COVID-19 and Russia-Ukraine War, the global market size of Pharma Grade Ethylmalonate reached the predicted milestone in 2022 with the rising CAGR from 2017-2022. Facing the complicated international situation, the future of the Pharma Grade Ethylmalonate market is full of uncertain. Report predicts that the global Pharma Grade Ethylmalonate market size will
Phosphorus Pentachloride market Key Players| Xuzhou Weiruipu Chemical, Xuzhou Ho …
A Comprehensive research study conducted by KD Market Insights on " Phosphorus Pentachloride (CAS 10026-13-8) Market - By Product Type (Qualified: content?98.0%, First grade: content?99.0%, High class products: content?99.5%), By Application (Pharmaceutical Industry, Dye Industry, Chemical Industry, Other) & Global Region Market Size, Share, Trends and Forecast 2018-2023" report offers extensive and highly detailed historical, current and future market trends in the global and regional/market. The Phosphorus Pentachloride market report includes market size, growth drivers,
Global 4-Hydroxybenzaldehyde Market 2019 - Jiaxing Jinhe Chemical, Suzhou Inter- …
4-Hydroxybenzaldehyde is an important fine chemical product and intermediate for organic synthesis, with wide use in pharmaceutical, aromatizer, pesticide, electroplating and liquid crystal industries. 4-Hydroxybenzaldehyde is a white or pale yellow crystalline powder, which is mainly made from para-cresol. Applications of 4-hydroxybenzaldehyde include Pharmaceutical, Aromatizer, Pesticide, Electronic and so on. Among those applications, Aromatizer accounts for the largest market share, which was about 65.60% in 2016. The 4-hydroxybenzaldehyde industry is highly concentrated
Calcium Nitrate Market Survey 2017 - Yunli Chemical, Leixin Chemical, Uralchem, …
Calcium Nitrate Market Research 2017 A market study ” Global Calcium Nitrate Market ” examines the performance of the Calcium Nitrate market 2017. It encloses an in-depth Research of the Calcium Nitrate market state and the competitive landscape globally. This report analyzes the potential of Calcium Nitrate market in the present and the future prospects from various angles in detail. The Global Calcium Nitrate Market 2017 report includes Calcium Nitrate market Revenue,
Global Glutaric Dialdehyde Market 2017 : Jinghong chemical, TNJ Chemical, Xinjin …
A market study based on the "Glutaric Dialdehyde Market" across the globe, recently added to the repository of Market Research, is titled ‘Global Glutaric Dialdehyde Market 2017’. The research report analyses the historical as well as present performance of the worldwide Glutaric Dialdehyde industry, and makes predictions on the future status of Glutaric Dialdehyde market on the basis of this analysis. Get Free Sample Copy of Report Here : http://bit.ly/2iIAeTe Top Manufacturers