Global Methyl Ether Ketone (MEK) Market, By Product Type (Liquid Phase Oxidation of Butane and Liqui

Published Date: | Report Code : CH2030223

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The Methyl Ether Ketone Market is expected to promise high growth because of increasing demand due to the growth of the building & construction industry in recent years. Increasing demand from applications including acrylics, adhesives, catalysts, cleaning fluids, cosmetics, electroplating, enamels, lubricant, paint removers, paints, paper, pharmaceuticals, plastics, printing, resins, smokeless powder, varnishes, and vinyl films are expected to drive the growth of the market.

Methyl Ether Ketone (MEK) is a colorless liquid with a pungent odor and is volatile. MEK is unreactive to water. It is a fairly stable chemical compound and slightly toxic. Prolonged exposure to MEK can irritate the nose, eyes, and throat. Moreover, it is combustible and releases toxins upon combustion. The density of MEK is 6.7 lb/gal. It is used as a solvent and in the production of wax from petroleum.

Segment Analysis:

A detailed analysis of Methyl Ether Ketone Market includes a complete market overview to get clear details of each founding element. This report categorizes the market based on product type, application, and region. Based on product type, this report shows production, revenue, prices, market share, and growth rate of each type. It is primarily split into Liquid Phase Oxidation of Butane and Liquid Phase Oxidation of Butene. Also, based on applications, this report focuses on the status and outlook of major applications, sales volume, market share, and growth rate of methyl ether ketone for each application.

Key Factors Impacting Market Growth:

  • Increasing demand due to the growth of building & construction Industry
  • A global increase in demand for various applications

Key Developments:

  • In 2010, Maruzen Petrochemical Co., Ltd. announced the expansion of its MEK project in Japan, which now produces 170,000 metric tons per annum of MEK.
  • In 2014, Cetex Petrochemicals was acquired by Wayne Burt Capital, a US-based firm, to double the MEK production capacity by 20,000 tons a year in South East Asia.

Regional Analysis:

Based on region, the methyl ether ketone market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe are some of the major markets that are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe. This region has been witnessing several transitions in terms of productions of chemicals and respective applications by the end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines because of environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include the US, Germany, UK, France, Canada, Italy, Spain, and so on.

The Asia Pacific and the Middle East are expected to register substantial growth in the methyl ether ketone market during the forecast period. This demand is regarding the growth of major applications such as acrylics, adhesives, catalysts, cleaning fluids, cosmetics, electroplating, enamels, lubricant, paint removers, paints, paper, pharmaceuticals, plastics, printing, resins, smokeless powder, varnishes, and vinyl films. Major countries in the Asia Pacific region include China, South Korea, Japan, India, Australia, and so on. Middle East includes the UAE, Saudi Arabia, Iran, Israel, Egypt, etc. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region. Rest the World that includes South America and Africa has a strong potential for the methyl ether ketone market. There have been an increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for the methyl ether ketone market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.

Companies Covered: Major companies profiled in the report include Dow Chemical, Solvay, Celanese, Ashland, BASF, Shell Chemicals Company, SK Energy Company Limited, Lanzhou Petrochemical Company, Idemistsu Kosan Company, ExxonMobil Corporation, Maruzen Petrochemical Company Limited, PetroChina Company, Arkema Chemicals Company, Zibo Qixiang Industry Group Company Limited, and Sasol Solvents. These companies profiled represent the current scenario in sales, revenue, R&D, development strategies, etc.

Market Segmentation:

By Product Type:

  • Liquid Phase Oxidation of Butane
  • Liquid Phase Oxidation of Butene

By Application:

  • Acrylics
  • Adhesive
  • Catalyst
  • Cleaning Fluids
  • Cosmetics
  • Electroplating
  • Enamels
  • Lubricant
  • Paint Remover
  • Paints
  • Paper
  • Pharmaceutical
  • Plastics
  • Printing
  • Resins
  • Smokeless Powder
  • Varnishes
  • Vinyl Films

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Product Type
    • By Application
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Product Type
    • By Application
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Product Type
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Product Type
    • By Application
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Product Type
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By Product Type
    • By Application

Reasons to Buy This Report:

  • Market size estimation of the global methyl ether ketone (MEK) market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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