The "Global Methyl Isobutyl Ketone Market - Segmented by Application, End-user Industry, and Geography - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global methyl isobutyl ketone market is expected to register a CAGR of 6.25% during the forecast period.
The wide use of MIBK as a solvent in nearly 40 industrial applications is expected to sustain the market growth during the forecast period. It is used as a denaturant in many ethanol formulations and extractive agent in de-waxing and de-oiling of rubber products. The increasing demand for surface coatings, with increasing construction activities in developing economies, is likely to aid the market growth.
Exposure to synthetic MIBK can have harsh impact on the environment and inhabitants in close proximity of the substance. This factor is expected to fuel the global demand for bio-based MIBK during the forecast period. Cost of the bio-based MIBK processing method is less, in comparison to the petroleum-based method. Petroleum-based MIBK can also form explosive peroxides upon exposure to air, in case of spillage during transport and storage.
Geographically, Asia Pacific is estimated to grow with a fastest CAGR during the forecast period due to the increasing demand from end use industries, such as construction, automobiles, and agrochemicals amongst others. The demand for methyl isobutyl ketone is projected to increase in developing countries, such as China, India, and Malaysia, due to increasing automobile production and sales.
Companies Mentioned
- Shell Chemicals
- SASOL
- Celanese
- Dow DuPont
- Kumho P & B
- Mitsubishi Chemical
- Mitsui Chemical
- Reliance Industries
- Arkema
- KH Neochem
- Solvay
- Carboclor
- Monument Chemical
- Jinzhou Liulu
- Zhongneng Petrochemical
Key Topics Covered:
1. Introduction
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Future of the Market
8. Competitive Landscape
9. Company Profiles
10. Disclaimer
For more information about this report visit https://www.researchandmarkets.com/research/b72vpr/global_methyl?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20180525005317/en/
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Topics: Solvents
