New standards set for Methyl Isobutyl Ketone Market grow at a CAGR of 5.5% | Key Players- LCY Chemical Corp., Kumho P&B Chemicals, Royal Dutch Shell PLC, etc.

The global methyl isobutyl ketone market is forecast to reach USD 1,048.9 Million by 2027, according to a new report by Reports and Data. The Methyl Isobutyl Ketone is a colorless, highly flammable, water-soluble industrial and commercial chemical with a sweet and pleasant odor. Methyl Isobutyl Ketone is mostly used as a solvent in the manufacturing of surface coating applications and are also widely utilized as an intermediate solvent chemical in the formulation of various chemical processing.

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Key participants include LCY Chemical Corp., Kumho P&B Chemicals, Royal Dutch Shell PLC, Mitsui Chemicals, Tokuyama Corporation, Celanese Corporation, Eastman Chemical Company, Ningbo Oceanking Chemical Development Co Ltd., Sasol Limited, and ISU Chemical.

Methyl isobutyl ketone for its combination of high solvent activity with low density is very useful in developing high-solids coatings and are highly demanded in the coating industry. The continuous expansion of the paint & coatings, varnishes, adherents, inks, acrylics, flavoring agent, food-contact packaging products, and non-edible use pesticide products are expected to drive the demand throughout the forecast period. Growing demand for automotive tire usages are harnessing the growth of this market substantially.

For the purpose of this report, Reports and Data have segmented the global methyl isobutyl ketone market on the basis of the end-use, sales channel, applications, and region:

End-Use Outlook (Revenue: USD Million; Volume: Kilo Tons; 2016-2027)
o Direct Solvent
o Chemical Intermediate
o Surface Adherent
o Pesticides
o Chemical Reagents
o Others

Sales Channel Outlook (Revenue: USD Million; Volume: Kilo Tons; 2016-2027)
o Online Retailing
o Offline Retailing

Applications Outlook (Revenue: USD Million; Volume: Kilo Tons; 2016-2027)
o Paints & Coatings
o Rubber & Adhesive
o Chemical & Pharmaceuticals
o Food Packaging & Flavoring
o Others

Regional Outlook (Revenue in USD Million; 2016-2026)
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)

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Asia Pacific region is forecasted to grow fastest with the highest growth rate of 6.4% in the period 2019 - 2027, owing to high market penetration in paints & coatings and food packaging applications coupled with extensive demand for the automotive tires, especially in the regions like India and China.

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5. Comprehensive analysis of the historical data and contemporary market scenario to infer industry size, volume, share, growth, and sales
6. Investigation of significant developments in the market dynamics
7. Market segments and regions

Further key findings from the report suggest
o Methyl isobutyl ketone is a synthetic chemical compound to be used in the direct solvent and are widely used in the direct chemical formulations. Coating, inks, varnishes, lacquers, extraction direct agent in the dewaxing & deoiling of the petroleum products are some of its end-use applications. The direct solvent is forecasted to reach a market share of 34.5% by 2027 growing with a rate of 6.2% during the period 2019 - 2027.
o Chemical intermediate segment is measured to gain a market revenue of USD 197.2 Million by 2027, and the CAGR is forecasted to be 5.4% in the forecast period. Methyl isobutyl ketone is utilized as the active chemical intermediate with polyesters, epoxies, cellulosic, vinyl copolymers alkyds, and acrylics, among other types of resins.
o Growing penetration of the online retailing businesses for the chemicals and materials especially in the emerging nations in Asia Pacific is helping the market grow by broadening the outreach in the areas where the offline vendors are unavailable. Also, with non-involvement of the distributors in the supply chain model, the profit margin is way more than that of the offline retailing. The online retailing is expected to gain a market share of 34.1% by 2027...Continued

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