Market Overview:
The global methyl ether 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 ether ketone from various applications such as solvents, medicines, and cosmetics. In addition, the growing demand for methyl ether ketone in Asia Pacific and Middle East & Africa is also contributing to the growth of this market. However, volatility in raw material prices may restrain the growth of this market during the forecast period.
Product Definition:
A methyl ether ketone is an organic compound that has the chemical formula C4H8O. This molecule is a colorless liquid with a sweet odor. It is used as a solvent and in the production of plastics, paints, and other chemicals.
Liquid Phase Oxidation of Butane:
Liquid phase oxidation of butane, also known as LPO or liquid oxygen process, is a chemical reaction that involves the oxidation of a hydrocarbon in the liquid phase. The most commonly used oxidizing agent in this process is liquid oxygen. It's important to note that although LPO represents an efficient method for manufacturing ketones and alcohols; it's not always feasible due to high costs and safety issues associated with handling hazardous chemicals.
Liquid Phase Oxidation of Butene:
Liquid phase oxidation (LPO) is a process to oxidize hydrocarbons in liquid phase. It includes the oxidation of butane and pentane. LPO is used as an alternative to thermal cracking for manufacturing methyl ether ketone (MEK).
The major application of MEK is as a solvent, feedstock for polyurethanes, plasticizer, chemical intermediate and epoxy resin additive.
Application Insights:
The global methyl ether ketone market has been segmented on the basis of application into solvent, medicine, and cosmetics. The solvent segment dominated the overall industry in terms of revenue share at over 40% in 2017. Methyl ether ketone is widely utilized as a solvent for industrial applications such as paints & coatings and chemical manufacturing. It is also used as an intermediate chemical in several end-use industries such as pharmaceuticals, food processing, and oil & gas among others.
The growing demand for solvents from various end-use industries coupled with its high efficiency compared to other chemicals currently being employed globally has resulted in a higher demand for MEK across various applications segments globally over the past few years.
Regional Analysis:
Asia Pacific was the leading global market and accounted for over 45% of the total revenue in 2016. The region is expected to witness significant growth on account of rising product demand from end-use industries including solvents, medicines, cosmetics and others. China is anticipated to be one of the major consumers owing to rapid industrialization along with increasing per capita disposable income levels in this country.
The growing automotive industry coupled with government initiatives such as “Make in India†initiative are expected to drive product consumption across various applications such as adhesives & sealants, paints & coatings, lubricants and others over the forecast period.
Growth Factors:
- Increasing demand from end-use industries such as paints and coatings, adhesives and sealants, and composites
- Rising demand for MEK in emerging economies due to the growth of their automotive and construction industries
- Growing use of MEK in solvents for inkjet printing applications
- Increasing production capacity by major manufacturers to meet the rising global demand
- Technological advancements that are expected to result in improved product quality and performance
Scope Of The Report
Report Attributes
Report Details
Report Title
Methyl Ether Ketone Market Research Report
By Type
Liquid Phase Oxidation of Butane, Liquid Phase Oxidation of Butene
By Application
Solvent, Medicine, Cosmetics
By Companies
BASF, Dow Chemical, Solvay, Ashland, Celanese, Shell Chemicals Limited
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Methyl Ether Ketone Market Report Segments:
The global Methyl Ether Ketone market is segmented on the basis of:
Types
Liquid Phase Oxidation of Butane, Liquid Phase Oxidation of Butene
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
Solvent, Medicine, Cosmetics
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:
- BASF
- Dow Chemical
- Solvay
- Ashland
- Celanese
- Shell Chemicals Limited
Highlights of The Methyl Ether 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:
- Liquid Phase Oxidation of Butane
- Liquid Phase Oxidation of Butene
- By Application:
- Solvent
- Medicine
- Cosmetics
- 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 Ether 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 ether ketone is a chemical compound with the formula CH3OCH2CH2OH. It is a colorless, volatile liquid that has a sweet odor. Methyl ether ketone is used in industrial processes and as an additive to gasoline to increase its octane rating.
Some of the key players operating in the methyl ether ketone market are BASF, Dow Chemical, Solvay, Ashland, Celanese, Shell Chemicals Limited.
The methyl ether ketone market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Methyl Ether Ketone Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Methyl Ether Ketone Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Methyl Ether Ketone Market - Supply Chain
4.5. Global Methyl Ether Ketone Market Forecast
4.5.1. Methyl Ether Ketone Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Methyl Ether Ketone Market Size (000 Units) and Y-o-Y Growth
4.5.3. Methyl Ether Ketone Market Absolute $ Opportunity
5. Global Methyl Ether Ketone Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Methyl Ether Ketone Market Size and Volume Forecast by Type
5.3.1. Liquid Phase Oxidation of Butane
5.3.2. Liquid Phase Oxidation of Butene
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Methyl Ether Ketone Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Methyl Ether Ketone Market Size and Volume Forecast by Application
6.3.1. Solvent
6.3.2. Medicine
6.3.3. Cosmetics
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Methyl Ether Ketone Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Methyl Ether Ketone Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Methyl Ether Ketone Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Methyl Ether Ketone Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Methyl Ether Ketone Demand Share Forecast, 2019-2026
9. North America Methyl Ether Ketone Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Methyl Ether Ketone Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Methyl Ether Ketone Market Size and Volume Forecast by Application
9.4.1. Solvent
9.4.2. Medicine
9.4.3. Cosmetics
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Methyl Ether Ketone Market Size and Volume Forecast by Type
9.7.1. Liquid Phase Oxidation of Butane
9.7.2. Liquid Phase Oxidation of Butene
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Methyl Ether Ketone Demand Share Forecast, 2019-2026
10. Latin America Methyl Ether Ketone Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Methyl Ether Ketone Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Methyl Ether Ketone Market Size and Volume Forecast by Application
10.4.1. Solvent
10.4.2. Medicine
10.4.3. Cosmetics
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Methyl Ether Ketone Market Size and Volume Forecast by Type
10.7.1. Liquid Phase Oxidation of Butane
10.7.2. Liquid Phase Oxidation of Butene
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Methyl Ether Ketone Demand Share Forecast, 2019-2026
11. Europe Methyl Ether Ketone Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Methyl Ether Ketone Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Methyl Ether Ketone Market Size and Volume Forecast by Application
11.4.1. Solvent
11.4.2. Medicine
11.4.3. Cosmetics
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Methyl Ether Ketone Market Size and Volume Forecast by Type
11.7.1. Liquid Phase Oxidation of Butane
11.7.2. Liquid Phase Oxidation of Butene
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Methyl Ether Ketone Demand Share, 2019-2026
12. Asia Pacific Methyl Ether Ketone Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Methyl Ether Ketone Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Methyl Ether Ketone Market Size and Volume Forecast by Application
12.4.1. Solvent
12.4.2. Medicine
12.4.3. Cosmetics
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Methyl Ether Ketone Market Size and Volume Forecast by Type
12.7.1. Liquid Phase Oxidation of Butane
12.7.2. Liquid Phase Oxidation of Butene
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Methyl Ether Ketone Demand Share, 2019-2026
13. Middle East & Africa Methyl Ether Ketone Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Methyl Ether Ketone Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Methyl Ether Ketone Market Size and Volume Forecast by Application
13.4.1. Solvent
13.4.2. Medicine
13.4.3. Cosmetics
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Methyl Ether Ketone Market Size and Volume Forecast by Type
13.7.1. Liquid Phase Oxidation of Butane
13.7.2. Liquid Phase Oxidation of Butene
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Methyl Ether Ketone Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Methyl Ether Ketone Market: Market Share Analysis
14.2. Methyl Ether Ketone Distributors and Customers
14.3. Methyl Ether Ketone Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BASF
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Dow Chemical
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Solvay
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Ashland
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Celanese
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Shell Chemicals Limited
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
