Methyl Ether Ketone (MEK) Market To Witness Significant Growth By 2020-2026 with leading key players Celanese, Ashland, BASF, Shell Chemicals Company

According to the report by Quince Market Insights, the Methyl Ether Ketone Market is expected to promise high growth because of increasing demand due to the growth of the building & construction industry in recent years. Increasing demand from applications including acrylics, adhesives, catalysts, cleaning fluids, cosmetics, electroplating, enamels, lubricant, paint removers, paints, paper, pharmaceuticals, plastics, printing, resins, smokeless powder, varnishes, and vinyl films are expected to drive the growth of the market.

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Methyl Ether Ketone (MEK) is a colorless liquid with a pungent odor and is volatile. MEK is unreactive to water. It is a fairly stable chemical compound and slightly toxic. Prolonged exposure to MEK can irritate the nose, eyes, and throat. Moreover, it is combustible and releases toxins upon combustion. The density of MEK is 6.7 lb/gal. It is used as a solvent and in the production of wax from petroleum.

Segmentation for better understanding of this market and its growth prospects:

A detailed analysis of Methyl Ether Ketone Market includes a complete market overview to get clear details of each founding element. This report categorizes the market based on product type, application, and region. Based on product type, this report shows production, revenue, prices, market share, and growth rate of each type. It is primarily split into Liquid Phase Oxidation of Butane and Liquid Phase Oxidation of Butene. Also, based on applications, this report focuses on the status and outlook of major applications, sales volume, market share, and growth rate of methyl ether ketone for each application.

Important Factors Impacting Market Growth:
o Increasing demand due to the growth of building & construction Industry
o A global increase in demand for various applications
Significant Developments:
o In 2010, Maruzen Petrochemical Co., Ltd. announced the expansion of its MEK project in Japan, which now produces 170,000 metric tons per annum of MEK.
o In 2014, Cetex Petrochemicals was acquired by Wayne Burt Capital, a US-based firm, to double the MEK production capacity by 20,000 tons a year in South East Asia.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Dow Chemical
2. Solvay
3. Celanese
4. Ashland
5. BASF
6. Shell Chemicals Company
7. SK Energy Company Limited
8. Lanzhou Petrochemical Company
9. Idemistsu Kosan Company
10. ExxonMobil Corporation
11. Maruzen Petrochemical Company Limited
12. PetroChina Company
13. Arkema Chemicals Company
14. Zibo Qixiang Industry Group Company Limited
15. Sasol Solvents

Insights about the regional distribution of market:

Based on region, the methyl ether ketone market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. Some of the major markets in North America and Western Europe are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major North American and Western European companies are headquartered in this market. These regions have witnessed several transitions in the end-use industries in terms of the production of chemicals and their respective applications.

The Asia Pacific and the Middle East are expected to register substantial growth in the methyl ether ketone market during the forecast period. This demand is regarding the growth of major applications such as acrylics, adhesives, catalysts, cleaning fluids, cosmetics, electroplating, enamels, lubricant, paint removers, paints, paper, pharmaceuticals, plastics, printing, resins, smokeless powder, varnishes, and vinyl films. Major countries in the Asia Pacific region include China, South Korea, Japan, India, Australia, and so on.

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With operations by major chemical giants in the region, Eastern Europe was dominated largely by Russia and Turkey. For the methyl ether ketone market, the rest of the world that includes South America and Africa has strong potential. Global companies have increasingly invested in these regions to strengthen their presence and to tap the potential market. Major economies for the methyl ether ketone market in these regions include Brazil, South Africa, Nigeria, Argentina, Colombia and others.

Market Segmentation:

By Product Type:
Liquid Phase Oxidation of Butane
Liquid Phase Oxidation of Butene

By Application:
Acrylics
Adhesive
Catalyst
Cleaning Fluids
Cosmetics
Electroplating
Enamels
Lubricant
Paint Remover
Paints
Paper
Pharmaceutical
Plastics
Printing
Resins
Smokeless Powder
Varnishes
Vinyl Films

By Region:

North America
By Country (US, Canada, Mexico)
By Product Type
By Application

Western Europe
By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
By Product Type
By Application

Eastern Europe
By Country (Russia, Turkey, Rest of Eastern Europe)
By Product Type
By Application

Asia Pacific
By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
By Product Type
By Application

Middle East
By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
By Product Type
By Application

Rest of the World
By Region (South America, Africa)
By Product Type
By Application

Reasons to Buy This Report:

Market size estimation of the global methyl ether ketone (MEK) market on a regional and global basis
The unique research design for market size estimation and forecast
Profiling of major companies operating in the market with key developments
Broad scope to cover all the possible segments helping every stakeholder in the market

Contact:
Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: +1 208 405 2835 / +44 121 364 6144 / +91 706 672 4848
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

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This release was published on openPR.