Press release
Global Methyl Ethyl Ketone Market New Growth Opportunities By 2020
Methyl Ethyl Ketone Market
Methyl ethyl ketone is organic compound produced from oxidation process. The methyl ethyl ketone is also known as butanone. The methyl ethyl ketone is used as a common solvent on commercial bases. It is largely produced in industries as well as it is also found in nature on small extent. It has sweet odor and also used as flavoring agent. The main application of this solvent includes films and coatings, resins, paraffin wax, plastics, dye industries and others.
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The methyl ethyl ketone market is mainly driven by the growing automotive and infrastructure industries especially in Asia Pacific region. This growth is attributed to rapid industrialization coupled with rising disposable income in emerging countries such as India, China and Brazil. Growing demand of methyl ethyl ketone in pharmaceutical and rubber industries are expected to boost the market growth during the forecast period. However, environmental regulations are major challenges that may hinder the growth of the methyl ethyl ketone market.
On the basis of application, methyl ethyl ketone market can be segmented as printing inks, paints & coatings and other applications. In 2014, paints and coatings held as a leading application segment for methyl ethyl ketone market and accounted around 50% share for the entire market. In addition, printing inks are projected to witness significant growth over the forecast period due to rising demand form food and packaging industries.
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Asia Pacific emerged as the leading regional market for methyl ethyl ketone. Asia Pacific accounted over 45% of total methyl ethyl ketone volume consumed in 2014. Advancing technologies and trends contributes to the growth of automotive industries especially in Asia Pacific region. Hence, this region is likely to remain prolong regional segment for methyl ethyl market. In addition, North America and Europe are the developed market for methyl ethyl ketone and are estimated to grow with sluggish rate in the years to come.
Some of the key players of global methyl ethyl ketone market involve PetroChina Lanzhou Petrochemicals, SK Energy, ExxonMobil Chemical, Tasco Chemical, Sasol Solvents, Tonen Chemical and amongst others.
The report segments the global methyl ethyl ketone market as:
Methyl Ethyl Ketone Market: Application Segment Analysis
Printing Inks
Paints and Coatings
Others
Methyl Ethyl Ketone Market: Regional Segment Analysis
North America
U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
Middle East and Africa
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