Saturday, November 7, 2020

Global Methyl Ethyl Ketone (MEK) Market Size, Share, Growth and Demand - Forecast to 2025



The report "Methyl Ethyl Ketone (MEK) Market by Application (Paints & Coatings, Printing Inks, Adhesives, Others) - Global Forecast to 2025", market was valued at USD 1,299.3 million in 2019 and is predicted to reach USD 1,344.1 million by 2025, growing at a CAGR of 4.5% during the forecast period. As compared to traditional coatings such as toluene, xylene, and butanol; methyl ethyl ketone offers superior dissolution performance and volatile rate.

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It is important to achieve the economic and technical performances required by the printing and packaging industry. Therefore, solvents play a key role in achieving technical as well as economical requirements. MEK is an ideal solvent used by the ink industry worldwide for packaging gravure products such as colored inks, primers, and heat-seal varnishes.

Based on application, the global methyl ethyl ketone market is categorized into paints & coatings, printing inks, adhesives, and others. Paints and coatings is the main application of MEK. MEK is a common ingredient in solvent paints. MEK find its application as a low-boiling solvent for acrylic, nitrocellulose, and vinyl surface coatings applied at a certain pressure to the laminate which is generally low.

Asia-Pacific methyl ethyl ketone market is studied across China, India, Japan, South Korea, Taiwan, and the rest of Asia-Pacific. Asia-Pacific is the world’s largest market for methyl ethyl ketone product family in terms of both production and consumption.

On 20 November 2019, the Ministry of Commerce of the People's Republic of China terminated the definitive antidumping duty imposed on imports of the subject good from Chinese Taipei and Japan. This follows the applicant's request submitted on 7 November to terminate the investigation and subsequent duties.

Some of the major players in the global MEK market ExxonMobil Corporation, Royal Dutch Shell PLC, Sasol Limited, Nouryon, Cetex Petrochemicals, INEOS Solvents, Tasco Chemicals, Zibo Qixiang Petrochemical Industry Group Co.,Ltd., Maruzen Petrochemical Co., Ltd., Idemitsu Kosan Co. Ltd, Tonen Chemical, PetroChina Lanzhou Petrochemical, China Bluestar Harbin Petrochemical, Hebei Zhongjie Petrochemical Group Co. Ltd., and Bangkok Synthetics Co., Ltd.

Source: VynZ Research

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