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PUBLISHER: IMARC | PRODUCT CODE: 1521164
PUBLISHER: IMARC | PRODUCT CODE: 1521164
Methyl Ethyl Ketone (MEK) Market Report by Application (Paints and Coatings, Adhesives and Thinners, Printing Inks, Pharmaceuticals, and Others), Form (Liquid Form, Solid Form), Grade (Regular Grade, Urethane Grade, and Others), and Region 2024-2032
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The global methyl ethyl ketone market size reached US$ 3.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.6 Billion by 2032, exhibiting a growth rate (CAGR) of 4.3% during 2024-2032.
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 2024-2032. 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?
Product Code: SR112024A2010
Table of Contents
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
- 9.1.1 United States
- 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
- 9.2.1 China
- 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
- 9.3.1 Germany
- 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
- 9.4.1 Brazil
- 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
- 14.3.1 Arkema
Product Code: SR112024A2010
List of Figures
- Figure 1: Global: Methyl Ethyl Ketone Market: Major Drivers and Challenges
- Figure 2: Global: Methyl Ethyl Ketone Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Methyl Ethyl Ketone Market: Breakup by Application (in %), 2023
- Figure 4: Global: Methyl Ethyl Ketone Market: Breakup by Form (in %), 2023
- Figure 5: Global: Methyl Ethyl Ketone Market: Breakup by Grade (in %), 2023
- Figure 6: Global: Methyl Ethyl Ketone Market: Breakup by Region (in %), 2023
- Figure 7: Global: Methyl Ethyl Ketone Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 8: Global: Methyl Ethyl Ketone (Paints and Coatings) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: Methyl Ethyl Ketone (Paints and Coatings) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: Methyl Ethyl Ketone (Adhesives and Thinners) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Methyl Ethyl Ketone (Adhesives and Thinners) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Methyl Ethyl Ketone (Printing Inks) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Methyl Ethyl Ketone (Printing Inks) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Methyl Ethyl Ketone (Pharmaceuticals) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Methyl Ethyl Ketone (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Methyl Ethyl Ketone (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Methyl Ethyl Ketone (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Methyl Ethyl Ketone (Liquid Form) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Methyl Ethyl Ketone (Liquid Form) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Methyl Ethyl Ketone (Solid Form) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Methyl Ethyl Ketone (Solid Form) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Methyl Ethyl Ketone (Regular Grade) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Methyl Ethyl Ketone (Regular Grade) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Methyl Ethyl Ketone (Urethane Grade) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Methyl Ethyl Ketone (Urethane Grade) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: Global: Methyl Ethyl Ketone (Others) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: Global: Methyl Ethyl Ketone (Others) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: North America: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: North America: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: United States: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: United States: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Canada: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Canada: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Asia Pacific: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Asia Pacific: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: China: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: China: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: Japan: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: Japan: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: India: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: India: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: South Korea: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: South Korea: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: Australia: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: Australia: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: Indonesia: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: Indonesia: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: Others: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: Others: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: Europe: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: Europe: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: Germany: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: Germany: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: France: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: France: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: United Kingdom: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: United Kingdom: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: Italy: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: Italy: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: Spain: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: Spain: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: Russia: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: Russia: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: Others: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: Others: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Latin America: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: Latin America: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Brazil: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: Brazil: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Mexico: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: Mexico: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: Others: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 73: Others: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 74: Middle East and Africa: Methyl Ethyl Ketone Market: Sales Value (in Million US$), 2018 & 2023
- Figure 75: Middle East and Africa: Methyl Ethyl Ketone Market Forecast: Sales Value (in Million US$), 2024-2032
- 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
List of Tables
- Table 1: Global: Methyl Ethyl Ketone Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Methyl Ethyl Ketone Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 3: Global: Methyl Ethyl Ketone Market Forecast: Breakup by Form (in Million US$), 2024-2032
- Table 4: Global: Methyl Ethyl Ketone Market Forecast: Breakup by Grade (in Million US$), 2024-2032
- Table 5: Global: Methyl Ethyl Ketone Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: Methyl Ethyl Ketone Market: Competitive Structure
- Table 7: Global: Methyl Ethyl Ketone Market: Key Players
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