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Methyl Ethyl Ketone Market 2024| ExxonMobil, Maruzen Petrochemical Co. Ltd., Sasol Limited, Shell Chemicals, Ineos Solvents, SK Energy Co. Ltd., Lanzhou Petrochemicals, Idemitsu Kosan Co Ltd., Tasco Chemicals, Tonen Chemicals, Fushun Petrochemical Company

A commercially essential industrial solvent for several substances--methyl ethyl ketone market (MEK)--has become highly sought after in a slew of applications such as paints and coatings, adhesives, magnetic tapes, and printing inks, among several others. Methyl ethyl ketone (MEK) is also being used as an extraction medium for oils, fats, resins and waxes. The high quality solvent has major properties that have made it ideal for paints, coatings and adhesives.

It is worth mentioning that MEK is an FDA-approved indirect food additive for polymers and adhesives. Besides, MEK has a strong solvent ability for a range of cellulose derivatives, oil, synthetic rubber and fatty acid. Global Market Insights, Inc., has projected methyl ethyl ketone (MEK) market size to surpass US$ 3.64 bn by 2022.

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Top Companies
1. ExxonMobil
2. Maruzen Petrochemical Co. Ltd.
3. Sasol Limited
4. Shell Chemicals
5. Ineos Solvents
6. SK Energy Co. Ltd.
7. Lanzhou Petrochemicals
8. Idemitsu Kosan Co Ltd.
9. Tasco Chemicals
10. Tonen Chemicals
11. Fushun Petrochemical CompanyZ

Growth Drivers are
1. Growing demand for paints & coatings
2. Growth of pharmaceuticals market

Several studies regard MEK as a highly versatile and efficient solvent for surface coatings given that it is effective as a solvent and MEK becomes invaluable in formulating high solids coatings. It is worth mentioning that it helps in reducing emissions from coating operations.

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With the pharmaceutical landscape changing robustly, demand for MEK solvent has soared in the recent years, thereby providing opportunities for the manufacturers MEK solvent to expand their product portfolios.

Largest users of MEK are companies that add it to protective surface coatings and manufacturers of adhesives, special lubricating oils, printing inks and paint removers. Of late, several stakeholders have come to the fore to use MEK in cosmetics and drugs.

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MEK industry is also expected to witness mergers and acquisitions, while some of the companies may go for product roll outs to expand their footholds in untapped markets. When it comes to coating additives, several manufacturers are using methyl ethyl ketone (MEK) to synthesize all sorts of coating additives with good performance. It certainly appears that MEK market may grow steadily in the next five years, driven by its massive spate of applications.

About DEC Research:, powered by Global Market Insights, is an online aggregator of information on market research reports. The website provides comprehensive information as well as a detailed 'Table of Contents' for reports being regularly published by GMI.

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