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Methyl Isobutyl Ketone Market Growth, Opportunities, Competitive Landscape, Future Plans, and Forecasts Study Till 2024
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Rising demand of Methyl Isobutyl Ketone Market for rubber processing chemicals in automotive and construction industry in order to improve the oxidation, resistance of rubber to heat, mechanical stresses and hardness of rubber, that will advance its properties for various end-use applications. Moreover, MIBK is also used as a solvent for surface coating applications in these industries. Increasing importance of the product in these industries will boost methyl isobutyl ketone market growth globally.
Being highly toxic in nature when exposed to air, that may cause serious impacts to human health and environment, which may hinder the market growth of product for the projected timespan. Nevertheless, these adverse properties of the MIBK is driving the adaption and importance of bio based Methyl Isobutyl Ketone Market, that are cost-effective and eco-friendly in nature. This shift towards the eco-friendly MIBK will generate copious opportunities in the near future.
Methyl Isobutyl Ketone Market based on applications, the market is categorized into solvent, rubber processing chemical, extraction solvent, surfactants and other applications that include insecticides, denaturant, fertilizers, etc. Surfactants here is projected to grow at suitable rate to exceed USD 35 million by the end of projected timespan. The rapid growing automotive, marine and construction industry continuously demand the use of MIBK as a surfactant for cleaning, dispersing, wetting, foaming, emulsifying and anti-foaming that is likely to trigger the product need in the coming years.
Methyl Isobutyl Ketone Market based in end-user, the market is categorized into paints & coatings, automotive, pharmaceuticals, agrochemicals and other end-user that includes marine, building & constructions, etc. Automotive here is expected to grow at significant rate to exceed USD 145 million mark by the end of 2025. The rising demand for rubber processing in the segment is likely to drive the product demand in the near future.
Middle East & Africa is expected to cross a CAGR of 3.5% by revenue for the projected timespan. This is due to countries in the region such as Saudi Arabia, UAE, Kuwait are likely to provide profitable opportunities for the product market owing to the increasing demand for commercial infrastructure and development activities in the region.
Key product competitors in market are Kumho P&B, The Dow Chemical Company, Arkema Group, Royal Dutch Shell, Mitsubishi Chemicals, Sasol, Sigma-Aldrich, Chemicals Inc., Mitsui Chemicals, Celanese Corporation, LCY Group, Eastman Chemical Company, Lee Chang Yung Chemical and Jilin Chemicals.
Browse key industry insights spread across 205 pages with 370 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
Some Points from Table of Content (ToC):
Chapter 4. Methyl Isobutyl Ketone Market, Application By End-use Industry
4.1. Global MIBK market insights by application
4.2. Solvent
4.2.1. Market estimates and forecasts by end-use industry, 2014 – 2025
· Paints & coatings
· Pharmaceuticals
· Automotive
· Agrochemicals
· Others
4.2.2. Market estimates and forecasts by region, 2014 – 2025
4.3. Extraction solvent
4.3.1. Market estimates and forecasts by end-use industry, 2014 – 2025
· Paints & coatings
· Pharmaceuticals
· Automotive
· Agrochemicals
· Others
4.3.2. Market estimates and forecasts by region, 2014 – 2025
4.4. Rubber processing chemical
4.4.1. Market estimates and forecasts by end-use industry, 2014 – 2025
· Paints & coatings
· Pharmaceuticals
· Automotive
· Others
4.4.2. Market estimates and forecasts by region, 2014 – 2025
4.5. Surfactants
4.5.1. Market estimates and forecasts by end-use industry, 2014 – 2025
· Paints & coatings
· Pharmaceuticals
· Automotive
· Agrochemicals
· Others
4.5.2. Market estimates and forecasts by region, 2014 – 2025
4.6. Others (denaturant, insecticides etc.)
4.6.1. Market estimates and forecasts by end-use industry, 2014 – 2025
· Paints & coatings
· Pharmaceuticals
· Automotive
· Agrochemicals
· Others
4.6.2. Market estimates and forecasts by region, 2014 – 2025
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/methyl-isobutyl-ketone-market
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Arun Hegde
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Global Market Insights, Inc.
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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.
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