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Methyl Ethyl Ketone Market Soaring Application in Automotive and Agrochemicals Sector to Propel Growth

Feb 6th 2019 at 12:19 AM

Methyl ethyl ketone, used as a solvent in processes incorporating resins, gums, cellulose, cellulose nitrate and acetate is also applied in synthetic rubber industry, in household products such as varnishes, lacquer, glues and paint remover and in the production of paraffin wax. There has been significant demand for pharmaceuticals globally which is leading to growing consumption of methyl ethyl ketone.

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Methyl ethyl ketone is highly popular in automotive and agrochemicals sectors. Millions of vehicles produced every year will lead to surge in the use of paints and coatings. Further, development in construction sectors is anticipated to indirectly bolster paints and coatings sector. These factors are expected to bolster the market for methyl ethyl ketone. These aforementioned excerpts are in line with the report titled, “Global Market Study on Methyl Ethyl Ketone: Solvent Segment to Exhibit above Average Growth During 2018-2026,” which has been lately incorporated in the ever expanding repository of Market Research Reports Search Engine (MRRSE).

Analyzing a host of factors in terms of market share, the market for methyl ethyl ketone is expected to expand at a CAGR of over 3% during the assessment period 2018-2026. The underlying issues with MEK are irritation to the nose, eyes and throat. In addition, other issues reported from acute inhalation exposure incorporate depression, nausea and headache.

The report provides quantitative and qualitative analysis on methyl ethyl ketone market for the assessment period 2018-2026. The report also delineates the drivers, opportunities, restraints and trends having considerable influence in the growth of methyl ethyl ketone market. The segregation of the market has been done to provide a holistic view of the methyl ethyl ketone market. The market is segregated with respect to application, end-use and region.

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The report starts with the executive summary followed by market introduction and market background. The latter section gives actionable insights on PESTLE analysis, macro-economic factors and value chain analysis. The report also incorporates market attractiveness analysis on the basis of region.

The last section of the methyl ethyl ketone market includes competitive scenario with a dashboard view, pricing analysis by competition, competition benchmarking and competition deep dive. The section incorporates financial overview, company overview, profitability by segments/application/technology, production footprint, sales footprint, channel footprint, key differentiators, product portfolio, strategies and recent development. A few of the companies profiled in the report Zibo Qixiang Petrochemical Industry Group Co. Ltd., Tasco Chemicals, Maruzen Petrochemical, Shell Chemicals, JXTG Nippon Oil & Energy Corporation and Exxon Mobil Corporation, among others.

The qualitative and quantitative information in this report has been obtained through primary resources, secondary resources, and analysis from experienced panel of expert. Primary resources in this report incorporates e-mail interactions, telephonic interviews, and reviews of methyl ethyl ketone market. Secondary resources in the report consists of stakeholders’ presentation, government documentation, annual reports, SEC filings, and World Bank database and market reports. Panel of expert analysis the report on methyl ethyl ketone market to offer readers with actionable insights. The segments have been assessed on the basis of basis point share (BPS) to analyze the impact of segments on growth of the market. The absolute dollar opportunity analysis with segmented split have been delineated in the report.

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