Methyl Ethyl Ketone Market is Expected to Thrive at Impressive CAGR by 2027 & Top Key Players | LCY Chemical Corp., ExxonMobil, Royal Dutch Shell PLC, Maruzen Petrochemicals

Reports and Data has recently added a report titled 'Methyl Ethyl Ketone Market' Report Forecast to 2027' to its repository, which comprises of data relating to the market size, share, value, and volume, production processes, revenue generation, the regional analysis of the business vertical, along with the outcomes of analytical tools including, SWOT analysis and Porter's Five Forces analysis. The report highlights the growth opportunities and challenges that industry players might encounter in the forecast years, along with an elaborate competitive landscape and expansion strategies adopted by the companies functioning in the Methyl Ethyl Ketone Market.

This report covers the recent COVID-19 incidence and its impact on Methyl Ethyl Ketone Market. The pandemic has widely affected the economic scenario. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.

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Key participants include LCY Chemical Corp., ExxonMobil, Royal Dutch Shell PLC, Maruzen Petrochemicals, Arkema S.A, Celanese Corporation, Eastman Chemical Company, Petro China, Sasol Limited, and ISU Chemical

The Methyl Ethyl Ketone is projected to grow at a rate of 5.3% in terms of value, from 2019 to reach USD 4.93 Billion by 2027. The Methyl Ethyl Ketone (MEK) is an aliphatic ketone with a colorless or pale yellow shade, flammable, highly water-soluble industrial and commercial chemical with a strong, pungent odor. Methyl ethyl ketone is mostly used as a solvent in the manufacturing of surface coating applications and also widely utilized as an intermediate solvent chemical in the formulation of various chemical processing.

For the purpose of this report, Reports and Data have segmented the global Methyl Ethyl Ketone market according to Product, Component, Application, End-user, and Region:

End-Use Outlook (Revenue: USD Billion; Volume: Kilo Tons; 2016-2027)
Direct Solvent
Chemical Intermediate
Chemical Reagents
Others

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

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

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Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2027)
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)

Salient Trends of the Methyl Ethyl Ketone Market:

1. Enormous growth of the paint & coating applications are the prime propellers of this market. Methyl ethyl ketone is one of the most popular organic solvent used in the commercial and industrial chemical industries and formulated in both the nonfood use pesticide products and food use pesticide products with the preset limitations. Another mentionable market driver is its usage as an extraction agent in the dewaxing & deoiling of petroleum products.

2. The use of waterborne alternatives and increasing environmental concerns about the volatile organic compounds (VOCs) are some prominent factors restraining the market growth. Liver and kidney damage, nausea, headache, and irritation to the eyes, nose, skin, and throat are some reported issues from the workers in the industry involved working with methyl ethyl ketone. Also, a high level of inhalation and direct skin contact causes central nervous system effects such as tiredness, sedation, loss of consciousness for both the adults and children.

3. Rapid growth in the pharmaceutical antiseptics and anesthetics liquids and creams are harnessing the market considerably. MEK is widely used as the surgical & medical instruments cleaning agent as this chemical compound has the ability to effectively kill the bacteria. Also, an active cleaning chemical, MEK, has its applications in electronics products cleaning, fiberglass cleaning, and automotive care products. The chemical & pharmaceutical sub-segment is growing at a CAGR of 4.7% during the forecast period...Continued

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Reasons to buy Methyl Ethyl Ketone Market Report:

-Information provided in the report assists companies in making well-informed executive decisions with a comprehensive understanding of the Methyl Ethyl Ketone market scenario and trends.

-Assists companies in implementing lucrative expansion strategies by offering information relating to the projected fluctuations in sales performance and supplier prices.

-Enables IT enterprises in capitalizing on the latest market trends and accurate insights into the Methyl Ethyl Ketone Market, arming them with essential information and other significant concerns of the industry.

-It allows readers to make favorable investments by tracing the substantial focus areas highlighted by survey takers in 2018.

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