-- Stringent regulations on methyl ethyl ketone market owing to its toxicity level imposed by regulatory bodies in Europe and the U.S. may pose challenge to the market. Volatility of crude oil and other downstream derivatives including MEK prices may directly impact market profitability.
Strong application scope in personal care and pharmaceutical industries owing to usage of MEK in production of anesthetics, antiseptics, drugs and lotions. Presence of sophisticated healthcare infrastructure in Europe and the U.S. along with increase in pharmaceutical and personal care industry on account of rising healthcare spending in Asian countries may propel global methyl ethyl ketone market.
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The rapid development in the global construction industry is likely to stimulate Methyl Ethyl Ketone Market dynamics. Increasing constructional spending, especially across the emerging nations such as China and India, coupled with growing consumer inclination toward supreme quality paints and coatings is increasing the product demand globally. Owing to some of the attributing features of the product such as strong solvency, high evaporation rate, and low viscosity, the application landscape of methyl ethyl ketone market encompasses the pharmaceutical and healthcare industry as well.
Paints & coatings applications from MEK market may surpass USD 2 billion by 2022. Paints & coatings include waterborne coatings, solvent borne coatings, powder coatings and specialty coatings. Growth of automobile industry along with increasing construction spending in Asia Pacific and Middle East has resulted into increase in demand for paints & coatings application. Increase in demand for powder coatings from automotive industry may stimulate methyl ethyl ketone market growth.
Printing inks application may witness gains at over 4.5% by the end of the forecast timeframe. MEK is widely used as solvent in printing industry owing to adhesion with substrate such as plastics, glass and metal, excellent drying time and specialized inks formulation. Positive application outlook of printing inks from food processing, packaging, publishing, pharmaceutical and personal care industries may drive methyl ethyl ketone market.
Asia Pacific, driven by India and China methyl ethyl ketone market may surpass USD 2 billion by 2022. Asia Pacific construction expenditure was dominated by India, Indonesia and China. China construction expenditure was valued at over USD 1.8 trillion in 2015 and holds over 35% of the total installed capacity of MEK. Increase in automobiles, electronics and construction industries may stimulate regional growth.
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North America, led by the U.S. MEK market share may register growth of over 3.5% by the end of projected period. Stringent environmental norms with emphasis on usage of green solvent may drive methyl ethyl ketone market.
Global methyl ethyl ketone market share is consolidated with key market players include Maruzen Petrochemicals, Zibo Qixiang, Sasol Solvents, ExxonMobil, Arkema, Shell Chemicals, Lanzhou Petrochemicals, Petro China, SK Energy and Idemistsu Kosan. Methyl ethyl ketone market shows a high degree of integration by major producers across the value chain, where most of the manufacturers are involved in production of raw material.
Glimpse of Table of Content (ToC)
Chapter 3 MEK Industry Insights
3.1 Industry Segmentation
3.2 Industry Size and forecast
3.3 Industry ecosystem analysis
3.4 Industry Impact forces
3.4.1 Growth drivers
3.4.1.1 Growing demand for paints & coatings
3.4.1.2 Growth of pharmaceuticals market
3.4.2 Industry pitfalls & challenges
3.4.2.1 Increasing demand for green solvents
3.4.2.2 Volatile raw material prices
3.5 Growth potential analysis
3.6 Methyl ethyl ketone (MEK) company market share analysis, 2014
3.7 Porter’s analysis
3.8 PESTEL Analysis
Chapter 4 MEK Application Insights
4.1 Global MEK market volume share by application, 2014 & 2022
4.2 Paints & coatings
4.2.1 Market estimates and forecast, 2012-2022
4.2.2 Market estimates and forecast by region, 2012-2022
4.3 Printing inks
4.3.1 Market estimates and forecast, 2012-2022
4.3.2 Market estimates and forecast by region, 2012-2022
4.4 Adhesives
4.4.1 Market estimates and forecast, 2012-2022
4.4.2 Market estimates and forecast by region, 2012-2022
4.5 Others
4.5.1 Market estimates and forecast, 2012-2022
4.5.2 Market estimates and forecast by region, 2012-2022
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