Global Methyl Ethyl Ketone (MEK) Market Growth 2023-2029

Global Methyl Ethyl Ketone (MEK) Market Growth 2023-2029

Methyl Ethyl Ketone (MEK), also called 2-Butanone, is a colorless fairly volatile liquid with a pleasant pungent odor, C4H8O. The primary use of methyl ethyl ketone (MEK) is as a solvent in processes involving gums, resins, cellulose acetate, and cellulose nitrate. Methyl Ethyl Ketone (MEK) is also used in the synthetic rubber industry, in the production of paraffin wax, and in household products such as lacquer and varnishes, paint remover, and glues.

LPI (LP Information)' newest research report, the “Methyl Ethyl Ketone (MEK) Industry Forecast” looks at past sales and reviews total world Methyl Ethyl Ketone (MEK) sales in 2022, providing a comprehensive analysis by region and market sector of projected Methyl Ethyl Ketone (MEK) sales for 2023 through 2029. With Methyl Ethyl Ketone (MEK) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Methyl Ethyl Ketone (MEK) industry.

This Insight Report provides a comprehensive analysis of the global Methyl Ethyl Ketone (MEK) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Methyl Ethyl Ketone (MEK) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Methyl Ethyl Ketone (MEK) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Methyl Ethyl Ketone (MEK) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Methyl Ethyl Ketone (MEK).

The global Methyl Ethyl Ketone (MEK) market size is projected to grow from US$ 1351.9 million in 2022 to US$ 1284.7 million in 2029; it is expected to grow at a CAGR of 1284.7 from 2023 to 2029.

China is the largest Methyl Ethyl Ketone (MEK) market with about 31% market share. Europe is follower, accounting for about 14% market share.

The key players are ExxonMobil, Maruzen Petrochemical, Tonen, Shell, Sasol, SK Group, Celanese, Oxiteno, Idemitsu Kosan, Petro Brazi, QiXiang TengDA, TASCO, Lanzhou Petrochemical, Fushun Petrochemical, Tianli High-Tech, Lee Chang Yung Chemical etc. Top 3 companies occupied about 33% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Methyl Ethyl Ketone (MEK) market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

General Grade

Ammonia Ester Grade

Others

Segmentation by application

Coatings

Adhesives

Inks

Chemical Intermediates

Lubricants

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

ExxonMobil

Maruzen Petrochemical

Tonen

Shell

Sasol

SK Group

Celanese

Oxiteno

Idemitsu Kosan

Petro Brazi

QiXiang TengDA

TASCO

Lanzhou Petrochemical

Fushun Petrochemical

Tianli High-Tech

Lee Chang Yung Chemical

Key Questions Addressed in this Report

What is the 10-year outlook for the global Methyl Ethyl Ketone (MEK) market?

What factors are driving Methyl Ethyl Ketone (MEK) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Methyl Ethyl Ketone (MEK) market opportunities vary by end market size?

How does Methyl Ethyl Ketone (MEK) break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.