Please Wait.....
Report
India Methyl Ethyl Ketone Market Analysis: Plant Capacity, Production, Operating Efficiency,Technology, Demand & Supply, End Use, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030
Online Database I 2023-10-01 I ChemAnalyst
India Methyl Ethyl Ketone (MEK) market demand stood at 10.81 Thousand Tonnes in FY2021 and is forecast to reach 18.59 Thousand Tonnes by FY2030, growing at a healthy CAGR of 6.21% until FY2030. MEK is a colorless, organic, and non-reactive compound having tremendous solvency, for this reason, MEK finds immense applications as a solvent. MEK market in India is majorly dependent upon printed packaging, adhesive, pharmaceutical and paint, and coating industry. The sudden outbreak of the Coronavirus Pandemic in the fourth quarter of FY 20 has raised serious concerns over hygiene and cleanliness among the people, as a preventive measure of the virus. This rising awareness has thus propelled the demand for Methyl Ethyl Ketone that is utilized as a resin solvent for various applications in the pharmaceutical and healthcare industries. The demand for MEK India is anticipated to further rise significantly till 2024 as there are low hopes of abatement of the virus till a proper vaccine is discovered for complete cure.
In India, MEK is being produced with a plant capacity of 10 KT per annum by Cetex Petrochemicals Limited. The yearly production of MEK in India is less in comparison to the increasing demand witnessed in the previous years. Due to the lack of manufacturing facilities, MEK demand in the domestic market is being primarily met through imports. Although, anti-dumping duty was imposed by the Government of India in 2018 on certain countries for reviving the domestic production of MEK and for compensating for the material injury faced by Cetex Petrochemicals. For strengthening the production base of MEK in India, there is a need to encourage a larger number of manufacturers to emerge in the domestic market. In India, demand for MEK is perceived to vary with regions too. West and South regions in India have shown an upper hand on the consumption of MEK in comparison to North and East regions. In the coming years, demand for MEK is expected to witness a region-wise linear increase due to the increasing requirement from various end-user industries.
Since MEK is a petrochemical product, its demand, and supply, as well as its prices, are directly related to the availability of crude oil. By end use, the MEK market is majorly dependent on packaging and printing industries followed by adhesives and paints. In addition to this, increasing demand from pharmaceuticals and cosmetic industries is anticipated to fuel the demand for the product in the next five years.
Years Considered for this Report:
Historical Years: FY2015- FY2020
Base Year: FY2021
Estimated Year: FY2022
Forecast Period: FY2023 - FY2030
This report will be delivered on an online digital platform with a one-year subscription and quarterly update.
Objective of the Study:
- The primary objective of the study was to evaluate and forecast Methyl Ethyl Ketone capacity, production, technology, demand, and the demand-supply gap in India.
- To categorize Methyl Ethyl Ketone demand based on end use, region, and sales channel.
- To study trade dynamics and company share in India Methyl Ethyl Ketone market.
- To evaluate and forecast Methyl Ethyl Ketone pricing in India Methyl Ethyl Ketone market.
- To identify and profile major companies operating in India Methyl Ethyl Ketone market.
- To identify major news, deals, and expansion plans in the India Methyl Ethyl Ketone market.
Cetex Petrochemicals Limited is the only manufacturer of Methyl Ethyl Ketone in India. Owing to the increasing demand for MEK in the domestic market, it is planning to expand its plant capacity to 15 KT by FY 2023.
To extract data for the India Methyl Ethyl Ketone market, primary research surveys were conducted with Methyl Ethyl Ketone manufacturers, suppliers, distributors, wholesalers, and end-users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end-user segments and projected a positive outlook for the India Methyl Ethyl Ketone market over the coming years.
ChemAnalyst calculated Methyl Ethyl Ketone demand in India by analyzing the historical data and demand forecast was carried out considering crude oil prices. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
- Methyl Ethyl Ketone manufacturers, suppliers, and other stakeholders
- Organizations, forums, and alliances related to Methyl Ethyl Ketone
- Government bodies such as regulating authorities and policymakers
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Methyl Ethyl Ketone manufacturers, distributors, and policymakers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
Report Scope:
In this report, the India Methyl Ethyl Ketone market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Market, by End Use- Paint and Coatings, Printing and Packaging, Adhesives a Pharmaceutical and Others
Market, by Sales Channel- Direct/Institutional Sales, Retail Sales, Other Channel Sales
Market, by Region- North, West, East, and South
Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company's specific needs
1. India Methyl Ethyl Ketone Market Outlook, 2015-2030
1.1. Capacity By Company
1.2. Capacity By Location
1.3. Capacity By Technology
1.4. Capacity By Process
1.5. Production, By Company
1.6. Operating Efficiency By Company
1.7. Country-Wise Import
1.8. Country-Wise Export
1.9. Demand-Supply Gap
2. India Methyl Ethyl Ketone Demand Outlook, 2015-2030
2.1. By End Use
2.2. By Application
2.3. By Distribution Channel
2.4. By Region
2.5. By Company Share
3. News & Deals
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security