Market Overview:
The global methyl isobutyl ketone market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for methyl isobutyl ketone from various applications such as paints and coatings, pharmaceuticals, agrochemicals, automotive and others. In addition, the growing demand for methyl isobutyl ketone in emerging countries such as China and India are also contributing to the growth of this market.
Product Definition:
Methyl Isobutyl Ketone is a colorless liquid that has a sweet, chemical odor. It is used as an industrial solvent and in the production of plastics, paints, and other chemicals.
Solvent:
Solvent is a colorless liquid that is miscible in water and other organic solvents. It has a strong odor similar to gasoline. Solvent can be produced by the fractionation process, which involves separation of solvent molecules from the solution via crystallization or by evaporation. The most commonly used solvents are alcohols, glycol ethers, acetate esters, ketones/ethers and chlorinated hydrocarbons among others.
Chemical Intermediate:
Chemical intermediate is a substance that is used as raw material in the production of another chemical product. It can also be defined as any intermediate compound or manufactured product which plays an important role in the manufacturing process of a particular chemical reaction. The most common example for such type of products would be Methanol and Isobutyl alcohol, which are used to produce butyl rubber and polyisobutylene respectively.
Application Insights:
Paints and coatings was the leading application segment in 2017. Methyl isobutyl ketone is widely used in paints and coatings as a solvent. It is also employed as a chemical intermediate for the production of other industrial chemicals such as adhesives, sealants, emulsifiers, plasticizers and lubricants. The global paints and coatings industry has witnessed significant growth over the past few years on account of increasing construction activities globally to cope up with rapid population growth along with rising disposable income levels among consumers especially in developing regions like Asia Pacific. This factor has led to an increase in product demand for manufacturing various types of paints including water-based acrylics, oil-based enamels as well as specialty formulations such double baked enamels which are used for high temperature applications up to 450°C.
Regional Analysis:
Asia Pacific was the leading regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a significant share of global GDP and is one of the most important manufacturing hubs, which has led to an increase in consumption volume. China emerged as a major consumer owing to rapid industrialization, large population base, increasing per capita income along with rising foreign investments.
The automotive sector forms a key part of China’s economy as it contributes more than 13% towards overall economic output and 26% towards total exports across the globe. Thus, growing automobile production has resulted in increased demand for MMIBK across various applications such as adhesives & sealants, lubricants & greases along with other associated additives used by manufacturers during vehicle manufacturing processes such as paint preparation/body work or metal deoxidization procedures before final assembly takes place at plants owned by companies like FAW Group Corporation Ltd., Changan Automobile Holdings Co., Ltd.
Growth Factors:
- Increasing demand from end-use industries such as paints and coatings, adhesives and sealants, printing inks, and automotive refinishings.
- Rising production of methyl isobutyl ketone in China and other countries in Asia Pacific region.
- Growing use of methyl isobutyl ketone as a solvent for chemical synthesis processes.
- Increasing investments by key players for expansion of their manufacturing facilities globally
Scope Of The Report
Report Attributes
Report Details
Report Title
Methyl Isobutyl Ketone Market Research Report
By Type
Solvent, Chemical Intermediate, Extracting Agent, Denaturant
By Application
Paints and Coatings, Pharmaceutical, Agrochemical, Automotive, Others
By Companies
Eastman Chemical Company, Dow, Shell Chemicals, Arkema Group, Kumho P and B Chemicals, LCY GROUP, Celanese Corporation, Mitsui Chemicals, Ningbo Oceanking Chemical Development, Zhejiang Xinhua Chemical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Methyl Isobutyl Ketone Market Report Segments:
The global Methyl Isobutyl Ketone market is segmented on the basis of:
Types
Solvent, Chemical Intermediate, Extracting Agent, Denaturant
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Paints and Coatings, Pharmaceutical, Agrochemical, Automotive, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Eastman Chemical Company
- Dow
- Shell Chemicals
- Arkema Group
- Kumho P and B Chemicals
- LCY GROUP
- Celanese Corporation
- Mitsui Chemicals
- Ningbo Oceanking Chemical Development
- Zhejiang Xinhua Chemical
Highlights of The Methyl Isobutyl Ketone Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Solvent
- Chemical Intermediate
- Extracting Agent
- Denaturant
- By Application:
- Paints and Coatings
- Pharmaceutical
- Agrochemical
- Automotive
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Methyl Isobutyl Ketone Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Methyl isobutyl ketone, or MIBK, is a colorless liquid that has a sweet odor and taste. It is used in the production of plastics and other materials.
Some of the key players operating in the methyl isobutyl ketone market are Eastman Chemical Company, Dow, Shell Chemicals, Arkema Group, Kumho P and B Chemicals, LCY GROUP, Celanese Corporation, Mitsui Chemicals, Ningbo Oceanking Chemical Development, Zhejiang Xinhua Chemical.
The methyl isobutyl ketone market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Methyl Isobutyl Ketone Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Methyl Isobutyl Ketone Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Methyl Isobutyl Ketone Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Methyl Isobutyl Ketone Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Methyl Isobutyl Ketone Market Size & Forecast, 2018-2028
4.5.1 Methyl Isobutyl Ketone Market Size and Y-o-Y Growth
4.5.2 Methyl Isobutyl Ketone Market Absolute $ Opportunity
Chapter 5 Global Methyl Isobutyl Ketone Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Methyl Isobutyl Ketone Market Size Forecast by Type
5.2.1 Solvent
5.2.2 Chemical Intermediate
5.2.3 Extracting Agent
5.2.4 Denaturant
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Methyl Isobutyl Ketone Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Methyl Isobutyl Ketone Market Size Forecast by Applications
6.2.1 Paints and Coatings
6.2.2 Pharmaceutical
6.2.3 Agrochemical
6.2.4 Automotive
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Methyl Isobutyl Ketone Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Methyl Isobutyl Ketone Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Methyl Isobutyl Ketone Analysis and Forecast
9.1 Introduction
9.2 North America Methyl Isobutyl Ketone Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Methyl Isobutyl Ketone Market Size Forecast by Type
9.6.1 Solvent
9.6.2 Chemical Intermediate
9.6.3 Extracting Agent
9.6.4 Denaturant
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Methyl Isobutyl Ketone Market Size Forecast by Applications
9.10.1 Paints and Coatings
9.10.2 Pharmaceutical
9.10.3 Agrochemical
9.10.4 Automotive
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Methyl Isobutyl Ketone Analysis and Forecast
10.1 Introduction
10.2 Europe Methyl Isobutyl Ketone Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Methyl Isobutyl Ketone Market Size Forecast by Type
10.6.1 Solvent
10.6.2 Chemical Intermediate
10.6.3 Extracting Agent
10.6.4 Denaturant
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Methyl Isobutyl Ketone Market Size Forecast by Applications
10.10.1 Paints and Coatings
10.10.2 Pharmaceutical
10.10.3 Agrochemical
10.10.4 Automotive
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Methyl Isobutyl Ketone Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Methyl Isobutyl Ketone Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Methyl Isobutyl Ketone Market Size Forecast by Type
11.6.1 Solvent
11.6.2 Chemical Intermediate
11.6.3 Extracting Agent
11.6.4 Denaturant
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Methyl Isobutyl Ketone Market Size Forecast by Applications
11.10.1 Paints and Coatings
11.10.2 Pharmaceutical
11.10.3 Agrochemical
11.10.4 Automotive
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Methyl Isobutyl Ketone Analysis and Forecast
12.1 Introduction
12.2 Latin America Methyl Isobutyl Ketone Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Methyl Isobutyl Ketone Market Size Forecast by Type
12.6.1 Solvent
12.6.2 Chemical Intermediate
12.6.3 Extracting Agent
12.6.4 Denaturant
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Methyl Isobutyl Ketone Market Size Forecast by Applications
12.10.1 Paints and Coatings
12.10.2 Pharmaceutical
12.10.3 Agrochemical
12.10.4 Automotive
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Methyl Isobutyl Ketone Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Methyl Isobutyl Ketone Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Methyl Isobutyl Ketone Market Size Forecast by Type
13.6.1 Solvent
13.6.2 Chemical Intermediate
13.6.3 Extracting Agent
13.6.4 Denaturant
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Methyl Isobutyl Ketone Market Size Forecast by Applications
13.10.1 Paints and Coatings
13.10.2 Pharmaceutical
13.10.3 Agrochemical
13.10.4 Automotive
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Methyl Isobutyl Ketone Market: Competitive Dashboard
14.2 Global Methyl Isobutyl Ketone Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Eastman Chemical Company
14.3.2 Dow
14.3.3 Shell Chemicals
14.3.4 Arkema Group
14.3.5 Kumho P and B Chemicals
14.3.6 LCY GROUP
14.3.7 Celanese Corporation
14.3.8 Mitsui Chemicals
14.3.9 Ningbo Oceanking Chemical Development
14.3.10 Zhejiang Xinhua Chemical
