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Report
Methyl Ethyl Ketone (MEK) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-09-04 I 142 Pages I IMARC Group
Market Overview:
The global methyl ethyl ketone market size reached US$ 3.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028.
Methyl ethyl ketone (MEK), or 2-butanone, refers to a highly volatile organic liquid that is used as a commercial cleaner and solvent for glues, paints, coatings, synthetic rubber, paraffin wax and printing inks. It is produced by the dehydrogenation of secondary butyl alcohol and can also be manufactured as a by-product of butane oxidation. MEK is primarily utilized for the extraction of fats, oils, waxes and resins and acts as a low-boiling solvent for nitrocellulose, acrylic and vinyl surface coatings. It also aids in removing oil paint finish and contact cement from surfaces and manufacturing solvent-based inks for high-resolution commercial printing in newspapers, books and labels.
Rapid industrialization across the globe is one of the key factors driving the growth of the market. In line with this, widespread adoption of MEK as an industrial solvent for the production of quick-drying, water- and powder-based paints and printing inks that are used with substrates such as metals, glass and plastics, is significantly contributing to the market growth. Furthermore, the increasing product utilization in the pharmaceutical industry is also providing a boost to the market growth. MEK enhances the penetration rate of medicinal drugs and breaks down the structure of quaternary proteins in the body. As a result, there has been a rise in its utilization in the production of antiseptics, aesthetics, lotions and other personal care products. Other factors, including the extensive usage of MEK-based inks in the construction and automotive industry, along with the increasing government investments for infrastructural developments, are projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global methyl ethyl ketone market report, along with forecasts at the global, regional and country levels from 2023-2028. Our report has categorized the market based on application, form and grade.
Breakup by Application:
Paints and Coatings
Adhesives and Thinners
Printing Inks
Pharmaceuticals
Others
Breakup by Form:
Liquid Form
Solid Form
Breakup by Grade:
Regular Grade
Urethane Grade
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Arkema, Cetex Petrochemicals, Cosmo Energy Group, ExxonMobil Corporation, Fushun Petrochemical Company, Ineos Solvents, Maruzen Petrochemical, Nouryon, Royal Dutch Shell Plc, Sasol, Tasco Chemicals, Zibo Qixiang Petrochemical Industry Group Co. Ltd., etc.
Key Questions Answered in This Report:
How has the global methyl ethyl ketone market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global methyl ethyl ketone market?
What is the breakup of the market based on the application?
What is the breakup of the market based on the form?
What is the breakup of the market based on the grade?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global methyl ethyl ketone market and who are the key players?
What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Methyl Ethyl Ketone Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Application
6.1 Paints and Coatings
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Adhesives and Thinners
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Printing Inks
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Pharmaceuticals
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Form
7.1 Liquid Form
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Solid Form
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Grade
8.1 Regular Grade
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Urethane Grade
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Others
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
11.1 Overview
11.2 Inbound Logistics
11.3 Operations
11.4 Outbound Logistics
11.5 Marketing and Sales
11.6 Service
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
13.1 Key Price Indicators
13.2 Price Structure
13.3 Price Trends
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Arkema
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.2 Cetex Petrochemicals
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Cosmo Energy Group
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.4 ExxonMobil Corporation
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Fushun Petrochemical Company
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Ineos Solvents
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.7 Maruzen Petrochemical
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Nouryon
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Royal Dutch Shell plc
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 SWOT Analysis
14.3.10 Sasol
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Tasco Chemicals
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Zibo Qixiang Petrochemical Industry Group Co. Ltd
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
Figure 1: Global: Methyl Ethyl Ketone Market: Major Drivers and Challenges
Figure 2: Global: Methyl Ethyl Ketone Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Methyl Ethyl Ketone Market: Breakup by Application (in %), 2022
Figure 4: Global: Methyl Ethyl Ketone Market: Breakup by Form (in %), 2022
Figure 5: Global: Methyl Ethyl Ketone Market: Breakup by Grade (in %), 2022
Figure 6: Global: Methyl Ethyl Ketone Market: Breakup by Region (in %), 2022
Figure 7: Global: Methyl Ethyl Ketone Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 8: Global: Methyl Ethyl Ketone (Paints and Coatings) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Methyl Ethyl Ketone (Paints and Coatings) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Methyl Ethyl Ketone (Adhesives and Thinners) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Methyl Ethyl Ketone (Adhesives and Thinners) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Methyl Ethyl Ketone (Printing Inks) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Methyl Ethyl Ketone (Printing Inks) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Methyl Ethyl Ketone (Pharmaceuticals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Methyl Ethyl Ketone (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Methyl Ethyl Ketone (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Methyl Ethyl Ketone (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Methyl Ethyl Ketone (Liquid Form) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Methyl Ethyl Ketone (Liquid Form) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Methyl Ethyl Ketone (Solid Form) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Methyl Ethyl Ketone (Solid Form) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Methyl Ethyl Ketone (Regular Grade) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Methyl Ethyl Ketone (Regular Grade) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Methyl Ethyl Ketone (Urethane Grade) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Methyl Ethyl Ketone (Urethane Grade) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Methyl Ethyl Ketone (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Methyl Ethyl Ketone (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: North America: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: North America: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: United States: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: United States: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Canada: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Canada: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Asia Pacific: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Asia Pacific: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: China: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: China: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Japan: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Japan: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: India: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: India: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: South Korea: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: South Korea: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Australia: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Australia: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Indonesia: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Indonesia: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Others: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Others: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Europe: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Europe: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Germany: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Germany: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: France: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: France: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: United Kingdom: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: United Kingdom: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Italy: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Italy: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Spain: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Spain: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Russia: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Russia: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Others: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Others: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Latin America: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Latin America: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Brazil: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Brazil: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Mexico: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Mexico: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Others: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Others: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Middle East and Africa: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Middle East and Africa: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Global: Methyl Ethyl Ketone Industry: SWOT Analysis
Figure 77: Global: Methyl Ethyl Ketone Industry: Value Chain Analysis
Figure 78: Global: Methyl Ethyl Ketone Industry: Porter's Five Forces Analysis
Table 1: Global: Methyl Ethyl Ketone Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Methyl Ethyl Ketone Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 3: Global: Methyl Ethyl Ketone Market Forecast: Breakup by Form (in Million US$), 2023-2028
Table 4: Global: Methyl Ethyl Ketone Market Forecast: Breakup by Grade (in Million US$), 2023-2028
Table 5: Global: Methyl Ethyl Ketone Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Methyl Ethyl Ketone Market: Competitive Structure
Table 7: Global: Methyl Ethyl Ketone Market: Key Players
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