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Global Methyl Ethyl Ketone (MEK) Market, Industry Insights by Application (Paints & Coatings, Printing Inks, Adhesives, Others) - Global Forecast to 2025
Global Methyl Ethyl Ketone (MEK) Market Highlights
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It is important to achieve the economic and technical performances required by the printing and packaging industry. Therefore, solvents play a key role in achieving technical as well as economical requirements. MEK is an ideal solvent used by the ink industry worldwide for packaging gravure products such as colored inks, primers, and heat-seal varnishes. MEK plays a key role in packaging solutions for printing purposes. With lifestyle changes and transition towards a fast-moving lifestyle, the adoption of packaged food and ready to go food products has grown to a great extent.
Based on application, the global methyl ethyl ketone market is categorized into paints & coatings, printing inks, adhesives, and others. Paints and coatings is the main application of MEK. MEK is a common ingredient in solvent paints. MEK find its application as a low-boiling solvent for acrylic, nitrocellulose, and vinyl surface coatings applied at a certain pressure to the laminate which is generally low.
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Asia-Pacific methyl ethyl ketone market is studied across China, India, Japan, South Korea, Taiwan, and the rest of Asia-Pacific. Asia-Pacific is the world’s largest market for methyl ethyl ketone product family in terms of both production and consumption. As of 2019, Asia-Pacific accounted for over 50% market share in terms of demand for MEK whereas in terms of production capacity only China and Japan alone accented for roughly 45% global capacity as of 2019.
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Some of the major players in the global MEK market ExxonMobil Corporation, Royal Dutch Shell PLC, Sasol Limited, Nouryon, Cetex Petrochemicals, INEOS Solvents, Tasco Chemicals, Zibo Qixiang Petrochemical Industry Group Co.,Ltd., Maruzen Petrochemical Co., Ltd., Idemitsu Kosan Co. Ltd, Tonen Chemical, PetroChina Lanzhou Petrochemical, China Bluestar Harbin Petrochemical, Hebei Zhongjie Petrochemical Group Co. Ltd., and Bangkok Synthetics Co., Ltd.
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