Methyl Ethyl Ketone (MEK) Market Rising at 4.8% CAGR During 2015-2022: Analysis of Key Players, Trends, Drivers & Challenges

MaketStudyReport.com adds a new Methyl Ethyl Ketone (MEK) Market Research Report for the period of 2015-2022 that shows the growth of the market is rising at a 4.8% CAGR to 2022 dominated by paints and coatings industry.

Positive demand outlook for paints and coatings, on account of growing construction spending, particularly in Latin America and Asia Pacific is expected to remain a key driving factor for industry development.
Methyl Ethyl Ketone (MEK) Market size is forecast to reach USD 3.64 billion by 2022, as per a new research report. The latest MEK market report predicts over 50% of total demand to be from paints and coatings.

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Steady automotive demand, on account of recovery from economic downturn in North America and Asia will also impact industry growth positively. Pharmaceutical and personal care industrial applications include manufacturing antiseptics, anesthetics, lotions, and drugs.

Printing ink applications presently account for over 200 kilo tons of global Methyl Ethyl Ketone (MEK) market size. It is extensively used and preferred solvent in printing industry owing to advantages offered such as excellent drying times, adhesion with substrates such as plastics, metals &glass and allowing formulation of specialized inks.

MEK market price trend benefited from the global crude slump, however, expected recovery in 2017 along with regulatory pressure may challenge industry profitability. Growing importance for MEK peroxides as catalysts in polymerization of polyester resins and as a cleaning agent, varnish and paint remover will drive growth throughout the forecast timeframe.

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Methyl Ethyl Ketone (MEK) market exhibits a high degree of integration by major manufacturers across the value chain, where most of the producers are involved in the raw material production or has their own captive consumption.

Key insights from the report include:
Global Methyl Ethyl Ketone (MEK) market size was USD 2.51 billion in 2014, with 4.8% CAGR growth expectations from 2015 to 2022.

Paint &coating applications will remain to be very attractive demand outlets for industry participants. However, companies may be under pressure from regulatory changes as governing agencies look to reduce VOC emissions via green solvents. Key segments include powder coatings, waterborne coatings, solvent borne technologies and specialty coatings.

MEK industry demand for adhesives is forecast to exceed 348 kilo tons by 2022.

APAC leads the regional demand, being the largest construction and infrastructure market in the world. The region is dominated by China and India methyl ethyl ketone market share, with total revenue of USD 1.35 billion in 2014.

U.S. MEK demand is primarily driven by its usage in paints &coatings, with emphasis concentrated on using sustainable technologies, green solvents are expected to outpace methyl ethyl ketone demand in the region.

Europe Methyl Ethyl Ketone (MEK) market size is poised to exceed USD 600 million in revenue by 2022. The region is heavily regulated, with product registration guidelines being very strict and relatively expensive.
ExxonMobil Chemical and Maruzen Petrochemical were the leading companies in the global Methyl Ethyl Ketone (MEK) market share and accounted for over 35% of overall demand in 2014 collectively.

Related Reports: -
2017 Global and Regional Methyl Ethyl Ketone (MEK) Market Research Report Forecasts 2022
This report focus on Global and regional market, providing information on major players like manufacturers, suppliers, distributors, traders, customers, investors and etc., major types, major applications from Global and major regions such as Europe, North American, South American, Asia (Excluding China), China and etc. Data type include capacity, production, market share, price, revenue, cost, gross, gross margin, growth rate, consumption, import, export and etc.
https://www.marketstudyreport.com/reports/2017-global-and-regional-methyl-ethyl-ketone-mek-market-research-report-forecasts-2022//?utm_source=RR-SP

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