Global Methyl Ethyl Ketone (MEK) Market is expected to grow at a CAGR of 3.5% during the forecast period, to reach USD 2.2 billion by 2030 from USD 1.8 billion in 2018. The growth of the market can be attributed to the increasing demand for MEK in various applications such as coatings, adhesives, inks and chemical intermediates which are driving the market growth. The global MEK market is segmented on the basis of type into general grade and ammonia ester grade; on application into coatings, adhesives, inks and chemical intermediates; and on region into North America, Latin America, Europe, Asia Pacific and Middle East & Africa regions. The general grade segment accounted for a share of over 50% of the total MEK market revenue in 2018 owing to its wide usage across various applications such as coatings (primer), adhesives (adhesive), ink (ink) and chemical intermediates (chemical intermediate). The ammonia ester grade segment is expected to grow at a higher CAGR during 2019-2030 due to its high solvency properties which make it suitable for use as an adhesive or coating solvent or diluent with good drying properties that can be used for printing ink formulation or paint formulation purposes. - MEK is a solvent that is used in the production of polyurethane, paints, and varnishes. - MEK has been found to be a carcinogen and can cause irritation to the skin, eyes, nose, throat and lungs. - The use of MEK has been banned in many countries due to its toxicity. - The demand for MEK is expected to increase as it is used in the production of polyurethane which will lead to an increase in demand for this product. - There are no substitutes for MEK which will also lead to an increase in demand for this product.
Industry Growth Insights published a new data on “Methyl Ethyl Ketone (MEK) Market”. The research report is titled “Methyl Ethyl Ketone (MEK) Market research by Types (General Grade, Ammonia Ester Grade, Other), By Applications (Coatings, Adhesives, Inks, Chemical Intermediates, Lubricants, Other), By Players/Companies ExxonMobil, Maruzen Petrochemical, Tonen, Shell, Sasol, SK Group, Celanese, Oxiteno, Idemitsu Kosan, Petro Brazi, QiXiang TengDA, TASCO, Lanzhou Petrochemical, Fushun Petrochemical, Tianli High-Tech, Lee Chang Yung Chemical”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Methyl Ethyl Ketone (MEK) Market Research Report
By Type
General Grade, Ammonia Ester Grade, Other
By Application
Coatings, Adhesives, Inks, Chemical Intermediates, Lubricants, Other
By Companies
ExxonMobil, Maruzen Petrochemical, Tonen, Shell, Sasol, SK Group, Celanese, Oxiteno, Idemitsu Kosan, Petro Brazi, QiXiang TengDA, TASCO, Lanzhou Petrochemical, Fushun Petrochemical, Tianli High-Tech, Lee Chang Yung 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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Methyl Ethyl Ketone (MEK) Market Report Segments:
The global Methyl Ethyl Ketone (MEK) market is segmented on the basis of:
Types
General Grade, Ammonia Ester Grade, Other
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
Coatings, Adhesives, Inks, Chemical Intermediates, Lubricants, Other
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:
- ExxonMobil
- Maruzen Petrochemical
- Tonen
- Shell
- Sasol
- SK Group
- Celanese
- Oxiteno
- Idemitsu Kosan
- Petro Brazi
- QiXiang TengDA
- TASCO
- Lanzhou Petrochemical
- Fushun Petrochemical
- Tianli High-Tech
- Lee Chang Yung Chemical
Highlights of The Methyl Ethyl Ketone (MEK) 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:
- General Grade
- Ammonia Ester Grade
- Other
- By Application:
- Coatings
- Adhesives
- Inks
- Chemical Intermediates
- Lubricants
- Other
- 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 Ethyl Ketone (MEK) 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 ethyl ketone, or MEK, is a volatile organic compound with a sweet odor and bitter taste. It is used as a solvent and in the production of plastics.
Some of the key players operating in the methyl ethyl ketone (mek) market are ExxonMobil, Maruzen Petrochemical, Tonen, Shell, Sasol, SK Group, Celanese, Oxiteno, Idemitsu Kosan, Petro Brazi, QiXiang TengDA, TASCO, Lanzhou Petrochemical, Fushun Petrochemical, Tianli High-Tech, Lee Chang Yung Chemical.
The methyl ethyl ketone (mek) market is expected to grow at a compound annual growth rate of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Methyl Ethyl Ketone (MEK) 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 Ethyl Ketone (MEK) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Methyl Ethyl Ketone (MEK) Market - Supply Chain
4.5. Global Methyl Ethyl Ketone (MEK) Market Forecast
4.5.1. Methyl Ethyl Ketone (MEK) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Methyl Ethyl Ketone (MEK) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Methyl Ethyl Ketone (MEK) Market Absolute $ Opportunity
5. Global Methyl Ethyl Ketone (MEK) 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 Ethyl Ketone (MEK) Market Size and Volume Forecast by Type
5.3.1. General Grade
5.3.2. Ammonia Ester Grade
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Methyl Ethyl Ketone (MEK) 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 Ethyl Ketone (MEK) Market Size and Volume Forecast by Application
6.3.1. Coatings
6.3.2. Adhesives
6.3.3. Inks
6.3.4. Chemical Intermediates
6.3.5. Lubricants
6.3.6. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Methyl Ethyl Ketone (MEK) 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 Ethyl Ketone (MEK) 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 Ethyl Ketone (MEK) 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 Ethyl Ketone (MEK) 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 Ethyl Ketone (MEK) Demand Share Forecast, 2019-2026
9. North America Methyl Ethyl Ketone (MEK) 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 Ethyl Ketone (MEK) 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 Ethyl Ketone (MEK) Market Size and Volume Forecast by Application
9.4.1. Coatings
9.4.2. Adhesives
9.4.3. Inks
9.4.4. Chemical Intermediates
9.4.5. Lubricants
9.4.6. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Methyl Ethyl Ketone (MEK) Market Size and Volume Forecast by Type
9.7.1. General Grade
9.7.2. Ammonia Ester Grade
9.7.3. Other
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 Ethyl Ketone (MEK) Demand Share Forecast, 2019-2026
10. Latin America Methyl Ethyl Ketone (MEK) 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 Ethyl Ketone (MEK) 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 Ethyl Ketone (MEK) Market Size and Volume Forecast by Application
10.4.1. Coatings
10.4.2. Adhesives
10.4.3. Inks
10.4.4. Chemical Intermediates
10.4.5. Lubricants
10.4.6. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Methyl Ethyl Ketone (MEK) Market Size and Volume Forecast by Type
10.7.1. General Grade
10.7.2. Ammonia Ester Grade
10.7.3. Other
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 Ethyl Ketone (MEK) Demand Share Forecast, 2019-2026
11. Europe Methyl Ethyl Ketone (MEK) 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 Ethyl Ketone (MEK) 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 Ethyl Ketone (MEK) Market Size and Volume Forecast by Application
11.4.1. Coatings
11.4.2. Adhesives
11.4.3. Inks
11.4.4. Chemical Intermediates
11.4.5. Lubricants
11.4.6. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Methyl Ethyl Ketone (MEK) Market Size and Volume Forecast by Type
11.7.1. General Grade
11.7.2. Ammonia Ester Grade
11.7.3. Other
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 Ethyl Ketone (MEK) Demand Share, 2019-2026
12. Asia Pacific Methyl Ethyl Ketone (MEK) 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 Ethyl Ketone (MEK) 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 Ethyl Ketone (MEK) Market Size and Volume Forecast by Application
12.4.1. Coatings
12.4.2. Adhesives
12.4.3. Inks
12.4.4. Chemical Intermediates
12.4.5. Lubricants
12.4.6. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Methyl Ethyl Ketone (MEK) Market Size and Volume Forecast by Type
12.7.1. General Grade
12.7.2. Ammonia Ester Grade
12.7.3. Other
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 Ethyl Ketone (MEK) Demand Share, 2019-2026
13. Middle East & Africa Methyl Ethyl Ketone (MEK) 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 Ethyl Ketone (MEK) 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 Ethyl Ketone (MEK) Market Size and Volume Forecast by Application
13.4.1. Coatings
13.4.2. Adhesives
13.4.3. Inks
13.4.4. Chemical Intermediates
13.4.5. Lubricants
13.4.6. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Methyl Ethyl Ketone (MEK) Market Size and Volume Forecast by Type
13.7.1. General Grade
13.7.2. Ammonia Ester Grade
13.7.3. Other
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 Ethyl Ketone (MEK) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Methyl Ethyl Ketone (MEK) Market: Market Share Analysis
14.2. Methyl Ethyl Ketone (MEK) Distributors and Customers
14.3. Methyl Ethyl Ketone (MEK) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ExxonMobil
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Maruzen Petrochemical
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Tonen
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Shell
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sasol
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. SK Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Celanese
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Oxiteno
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Idemitsu Kosan
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Petro Brazi
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. QiXiang TengDA
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. TASCO
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Lanzhou Petrochemical
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Fushun Petrochemical
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Tianli High-Tech
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Lee Chang Yung Chemical
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