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Methyl Isobutyl Ketone Market will register significant gains over the projected time period 2019- 2025 | Key Players Are Shell, The Dow Chemical Company, Sasol, Arkema, Sigma-Aldrich, Celanese, Mitsui Chemicals Group, Eastman Chemical Company, Mitsubishi

Methyl Isobutyl Ketone (MIBK) Market

Methyl Isobutyl Ketone (MIBK) Market

The Methyl Isobutyl Ketone Market is set to grow from its current market value of more than $600 million to over $800 million by 2025; as reported in the latest study by Global Market Insights, Inc.

Endowed with a profound application landscape spanning automotive, construction, chemicals and pharmaceutical sectors, methyl isobutyl ketone market has procured commendable proceeds in the last few decades. The product is used as a chemical intermediate solvent for the manufacturing of paints, rubber, medicines, industrial cleaners and other chemicals. It is extremely efficient in dissolving resins used in inks, paints, lacquers and other surface coatings, and is also used as an extractant for antibiotics and other pharmaceutical products. Additionally, MIBK is used as a rubber processing chemical for the production of tyres for automotive vehicles.

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The rubber processing chemicals segment of the methyl isobutyl ketone market is expected to witness rapid growth on account of swelling demands from the tyre in the automotive sectors along with growing application across diverse industries. MIBK is used to produce target molecules such as rubber antiozonants which are later utilized in the tyre production. The promising shift towards radial tyres has also led to increased product traction lately. Furthermore, growing investment to boost production of tyres is likely to boost the rubber processing chemical segment, augmenting the methyl isobutyl ketone market growth graph. For instance, in 2018, India’s largest commercial vehicle tyre maker, Apollo Tyres invested around $1 billion, solely to overtake MRF Ltd. across other segments, excluding two-wheelers, and to support its vision of crossing the Rs 20,000 crores revenue mark by 2020.

With rapid surge in industrialization, the Asia Pacific methyl isobutyl ketone market is expected to witness high product demand from end-user sectors like agrochemicals, automobiles and rubber industries. The progress is mainly slated to be showcased across emerging markets like China, India and South Korea where growing production and sales/export of automotive products such as rubber tyres have surged significantly over the past few years. In fact, according to reports, tyre export from India is expected to hit USD 1.85 billion by the end of 2018-19. While, as per the Department of Commerce reports, between April to September 2018 alone, tyre exports were recorded to reach USD 920.9 million in the country. This surging growth is associated with easy accessibility of raw materials and low labor cost that has in turn enhanced the regional methyl isobutyl ketone industry size.

Based on revenue, agrochemicals recorded a substantial share among the end-use industries growing with a CAGR over 3.5% by 2025. Methyl isobutyl ketone is widely used in manufacturing insecticides that control garden insects and various fertilizers to keep the crops safe before harvest. Moreover, it is also an extraction solvent for antibiotics and pharmaceutical products owing to its high solvency and excellent stability.

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Europe is anticipated to control the methyl isobutyl ketone market by capturing over 20% revenue share in 2018 and will generate a revenue exceeding USD 190 million by 2025. Prices in the region is likely to be higher owing to the unavailability of raw materials. Positive outlook for bio-based MIBK in the end-use industries will bolster the overall market size in future. This would not only improve the product demand but would also lower the risks to the environment.

Key MIBK market competitors include Arkema Group, The Dow Chemical Company, Royal Dutch Shell, Sasol, Mitsubishi Chemicals, Kumho P&B Chemicals Inc., Mitsui Chemicals, Celanese Corporation, Eastman Chemical Company, LCY Group and Jilin Chemicals.

(MIBK) methyl isobutyl ketone market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2014 to 2025, for the following segments:
MIBK Market for Application by End-user
• Solvent
o Paints & coatings
o Pharmaceuticals
o Automotive
o Agrochemicals
o Others
• Extraction solvent
o Paints & coatings
o Pharmaceuticals
o Automotive
o Agrochemicals
o Others
• Rubber processing chemical
o Paints & coatings
o Pharmaceuticals
o Automotive
o Others
• Surfactants
o Paints & coatings
o Pharmaceuticals
o Automotive
o Agrochemicals
o Others
• Others (denaturant, insecticides etc.)
o Paints & coatings
o Pharmaceuticals
o Automotive
o Agrochemicals
o Others
MIBK Market by End-user
• Paints & coatings
• Pharmaceuticals
• Automotive
• Agrochemicals
• Others (marine, building & construction etc.)
The above information is provided on a regional and country basis for the following:
• North America
o U.S.
o Canada
• Europe
o Germany
o UK
o France
o The Netherlands
o Italy
• Asia Pacific
o China
o India
o Japan
o South Korea
o Malaysia
o Indonesia
• Latin America
o Brazil
o Mexico
• MEA
o Saudi Arabia
o UAE
o Kuwait
o South Africa

Browse key industry insights spread across 253 pages with 371 market data tables & 22 figures & charts from the report, “Methyl Isobutyl Ketone Market” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/methyl-isobutyl-ketone-market

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
Blog: http://technologymagazine.org/

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