They are being used as an ingredient in the rubber-based industrial cement, in resin thinners, and cleanup operations. Increasing chronic and terminal ailments prevalence is further driving the specialty drugs demand which in turn is anticipated to significantly impact product volumes over the forecast period.
Crude oil is one commodity which is considered to be highly volatile in its pricing nature and this volatility can further be seen in its downstream derivatives.
Various intermediates and feedstock chemical applications in the industrial sector are expected to be the drivers for MEK market in overcoming years which include an additive in furniture polishes, rubber based cement, pharmaceutical applications and PVC piping.
We also offers customization on reports based on specific client requirement. Most of the manufacturers in China are dominating the global market.
Favourable crude and downstream petrochemical supply is expected to result in an attractive MEK Methyl Ethyl Ketone market price trend over the forecast period. The global MEK market demand was 1.
Competitive Insights The global MEK market is fairly concentrated in nature and shows a high degree of integration across the value chain as manufacturers are either engaged in the raw material production or consumes the final product.
There also exists high demand for methyl ethyl ketone from the printing inks industry. Owing to rising infrastructure expenditure coupled with increasing technologies in the regional automotive industry mainly in developing economies like India and China are anticipated to raise the fuel demand from to Contact with skin may cause redness, irritation, dryness, and dermatitis.
A, Sasol Solvents and Petro China. However, with growth in the construction sector, the demand for MEK is expected to increase accordingly. The growth of pharmaceutical and personal care industry on account of increasing healthcare expenditure in Asian countries and presence on sophisticated healthcare infrastructure in the U.
Growing Demand for Paints and Coatings Investments in the transportation sector in China have increased over the past few years. Rising Demand from Paints and Coatings Industry to Drive Market The paints and coatings market is growing and this in turn is aiding the growth of the methyl ethyl ketone market as MEK is used as a solvent.
They are also used in adhesives for PVC pipes, thus driving the market. What Information does this report contain?
Asia Pacific is expected to continue its dominance over the forecast period on account of increasing demand for adhesives and printing inks from residential and commercial building constructions.
Request for Customization Choose License Type. Increasing construction spending by governments particularly in India and China to meet the rising infrastructure needs has been driving the construction industry growth which in turn is anticipated to drive demand for adhesives, printing inks, plastics, paints, and coatings demand.
On the other hand, high cost of innovation and commercialization will result in a low level threat from new entrants. Some of the problems faced by players in this market are cost fluctuations and problems with the availability of raw materials. Expanding product penetration in pharmaceuticals can be attributed to its ability to breakdown quaternary proteins structure and increase drug penetration.
The market in Asia Pacific is also expected to witness a fast paced growth in the coming years. Owing to its growing demand in end-use industries such as automotive and construction, mainly from emerging economies as Asia Pacific and Latin America, is projected to increase further fuel growth.
Nov, The global methyl ethyl ketone MEK market is fairly consolidated with the top five companies accounting for Stringent environmental norms over health concerns are likely to challenge industry growth. MEK also finds applications in pharmaceutical and personal care industries where it is used for manufacturing antiseptics, anesthetics, lotions, and drugs.The Global and China Methyl Ethyl Ketone (MEK) Market Research Report Forecast is a valuable source of insightful data for business strategists.
It provides the Methyl Ethyl Ketone (MEK) industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). $4, | China's demand for Methyl Ethyl Ketone has grown at a fast pace in the past decade.
In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption. The Methyl Ethyl Ketone (MEK) Market is expected to register a CAGR of % during the forecast period.
The major driving factor for the market is the growing demand from paints and coatings. Global Methyl Ethyl Ketone (MEK) Market Research Report Forecast to Top 5 Methyl Ethyl Ketone (MEK) Players in North America, Europe, Asia-Pacific, South America, Middle East and Africa.
Methyl Ethyl Ketone Markets in China. Published: March No.
of Pages: Price: Our market research reports provide hard-to-find market data and analyses. Today, China has the largest market in the world. V. Methyl Ethyl Ketone Markets Outlook Methyl Ethyl Ketone Consumption By Market.
Key players of the methyl ethyl ketone market include Sasol Solvents, Petro China, Exxon Mobil, Shell Chemicals, Maruzen Petrochemical Co Ltd., Idemitsu Kosan Co.
Ltd., Lanzhou Petrochemicals and Arkema S.A.Download