The global methyl ethyl ketone market size surpassed USD 2.55 billion in 2015 and it is projected to grow at a CAGR between 5.0% and 5.5% over the forecast period of 2017 – 2023. Methyl ethyl ketone, due to its evaporation rate, is conducive for industrial cements made from rubber, printing inks, and bonding agents at lower temperature. Methyl ethyl ketone has low boiling point and it find applications in acrylic, nitrocellulose and vinyl surface coatings. It is utilized for removing oil paint finish as well as contact cement. It finds application in dissolving adhesives and resins. Coatings and Paints industry account for more than 45% of the overall methyl ethyl ketone demand. Adhesives industry is the fastest growing sector in terms of demand for methyl ethyl ketone.
The increasing demand from the paints and coatings for methyl ethyl ketone as a solvent is expected to drive the growth of the market during the forecast period. The ability of MEK to enhance the penetration of drugs and break down the structure of quaternary proteins is providing new opportunities to the market players to expand the presence in the pharmaceutical industry. The increased utilization catalysts based on MEK derivatives in the polyester resins polymerisation and its use as cleaning agents in paint remover and varnish are expected drive the growth of the market during the forecast period.
The report segments the global methyl ethyl ketone Market by application, and region. On the basis of application, the market is segmented into adhesives, paints and coatings, personal care products, pharmaceuticals, plastics, printing inks, textiles, and others.
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Key topics covered:
2. Executive Summary
3. Global Methyl Ethyl Ketone Market Overview
4. Global Methyl Ethyl Ketone Market: IGR Snapshots
5. Global Methyl Ethyl Ketone Market Analysis, by Application 2017 – 2023
6. Global Methyl Ethyl Ketone Market Analysis, by Region 2017 – 2023
7. Company Profiles