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Methyl Ethyl Ketone Market Outlook, Overview, Trends, Analysis and Forecast to 2024

Urbanization and industrialization in emerging economies of Asia Pacific and the Middle East have driven the need for better infrastructure. The Global Methyl Ethyl Ketone (MEK) Market is expected to reach USD 4.01 billion by 2024, according to a new report by Grand View Research, Inc.


Increasing construction spending by governments particularly in China and India to meet the rising infrastructure needs has been driving the construction industry growth which in turn is anticipated to drive demand for adhesives, printing inks, plastics, paints, and coatings demand.

Expanding product penetration in pharmaceuticals can be attributed to its ability to breakdown quaternary proteins structure and increase drug penetration. Growing pharmaceutical industry globally is expected to offer growth opportunities in denaturing applications.

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Increasing chronic and terminal ailments prevalence is further driving the specialty drugs demand which in turn is anticipated to significantly impact product volumes over the forecast period. Volatile raw material prices and potential substitution by green solvents across various end-use industries are anticipated to remain key challenges for participants over the forecast period.

Top Players of Methyl Ethyl Ketone (MEK) Market:

The global market is concentrated with top four companies ExxonMobil, Maruzen, Zibo, and Sasol accounting for a majority of share. Other players include Shell Chemicals, Ineos Solvents, SK Energy Co. Ltd, Lanzhou Petrochemicals, Idemitsu Kosan Co Ltd, Tasco Chemicals, Tonen Chemicals and Fushun Petrochemical Company.

Market Segmentation of Methyl Ethyl Ketone (MEK) Market:

The Global Methyl Ethyl Ketone (MEK) Market on the basis of Application and Region.

By Application:

    Paints & coatings
    Printing Inks
    Adhesives

By Region:

    North America
    Europe
    Asia Pacific
    Middle East and Africa
    Central & South America

Inquire about Methyl Ethyl Ketone Market with Our Experts @ https://www.grandviewresearch.com/inquiry/533
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