Industry Statistics

Methyl Isobutyl Ketone (MIBK) Market: Demand Analysis By Application: Paints and Coatings, Rubber Antioxidants, Solvent Extraction, Adhesives and Inks, Surfactants, Solvents, Others; Supply Demand Gap By Region; Growth Opportunities and Strategic Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032

Name: Methyl Isobutyl Ketone (MIBK) Market Outlook, Supply | 2032
Creator: Claight Corporation - Expert Market Research
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Keywords: Methyl Isobutyl Ketone (MIBK) Market

Methyl Isobutyl Ketone (MIBK) Market

Methyl isobutyl ketone is a stable colorless organic liquid with a faint odour of camphor. It has a medium evaporation range and is miscible with many organic solvents. It is widely used in the extraction of rare earth metals, and manufacturing coating solvents. It possesses strong separating and dewaxing properties, which can be used for purifying different chemicals and mineral oils, apart from butanol and stearic acid.

The substance finds a wide range of applications, including degreasing of metal surfaces; extractant for certain metals, antibiotics, and dewaxing of mineral oils; production of synthetic leather; manufacture of aluminium foil and transparent paper; nitro-cellulose (along with few other natural and synthetic resins, herbicides, plastics, and adhesives).

Global Supply/Demand Outlook

The global methyl isobutyl ketone (MIBK) market stood at a volume of around 470 KT in 2023. The market is estimated to grow at a CAGR of 3% between 2024 and 2032 to reach a volume of about 607.3 KT by 2032. The key factor propelling the methyl isobutyl ketone (MIBK) market is its rapidly increasing application as a solvent. Around 50 % of the total MIBK produced globally is consumed as a solvent, with its primary end uses encompassing in cellulose-based and resin-based coatings and adhesives. It also serves as an extraction solvent for antibiotics and other pharmaceuticals and is used for metal separation in rare-metal extraction as a solvent.

MIBK’s effectiveness as a solvent in producing high-quality coatings for various applications supports the market. Moreover, increasing construction activities and growing investments in infrastructure development are expected to enhance the demand for coatings and adhesives in the construction sector, providing substantial opportunities for the market expansion.

The global capacity of methyl isobutyl ketone (MIBK) was about 590 KT in the year 2023. It is estimated to reach 770 KT by 2032. The Asia Pacific region holds the major share of methyl isobutyl ketone (MIBK) capacities, representing more than 50% of the global production capacity. With no major capacity additions scheduled until 2025, countries like China, Japan, South Korea, and South Africa are expected to continue to be the key producer of MIBK. The plant capacity utilization of methyl isobutyl ketone (MIBK) stood at 80% in 2023.

Key Market Players

The top five players in the global methyl isobutyl ketone market are Kumho P&B Chemicals, Royal Dutch Shell Plc., Sasol Ltd., The Dow Chemical Company, and Mitsui Chemicals Inc. Among these, Sasol Ltd. is the market leader, accounting for the largest market share. Sasol’s Ketones business comprises acetone, MIBK (methyl iso-butyl ketone), and methyl ethyl ketone as its major products, and it offers MIBK of 99.5% mass purity.

Other significant manufacturers of methyl isobutyl ketone (MIBK) are Solvay SA, Celanese Corporation, Arkema S.A., KH Neochem Co., Ltd., Monument Chemical, and Zhejiang Xinhua Co., Ltd., among others.

Key Questions Answered in the Report:

What are the high-growth opportunities and markets for methyl isobutyl ketone (MIBK) by application and region?

Which segments and regions are projected to grow at a faster pace and why in the methyl isobutyl ketone (MIBK) market?

What is the nameplate capacity of methyl isobutyl ketone (MIBK) by region from 2018 to 2032?

How does the plant capacity utilisation of methyl isobutyl ketone (MIBK) vary by region between 2018 and 2032?

Who are the major players in the methyl isobutyl ketone (MIBK) market by capacity and region?

What major plant shutdowns and expansions have occurred in the methyl isobutyl ketone (MIBK) market in the last year and the last quarter?

What major plant shutdowns and expansions are planned in the methyl isobutyl ketone (MIBK) market over the next year and quarters?

How did export and import dynamics of methyl isobutyl ketone (MIBK) vary by region in terms of value between 2018 and 2023?

How did export and import dynamics of methyl isobutyl ketone (MIBK) vary by region in terms of volume between 2018 and 2023?

What impacts have shutdowns, force majeure events, and plant closures had on demand and pricing of methyl isobutyl ketone (MIBK)?

What are the environmental considerations and regulatory impacts affecting the methyl isobutyl ketone (MIBK) market?

What technological innovations are having an impact on the production and application of methyl isobutyl ketone (MIBK)?

What are the key trends and innovations in the methyl isobutyl ketone (MIBK) market?

What are the challenges and opportunities faced by methyl isobutyl ketone (MIBK) manufacturers?

What are the potential risks and barriers to entry for new players in the methyl isobutyl ketone (MIBK) market?

What strategic investments and expansions have major players made in the methyl isobutyl ketone (MIBK) market?

How are geopolitical factors and international trade policies affecting the global methyl isobutyl ketone (MIBK) market?

What are the price trends for methyl isobutyl ketone (MIBK), and how are they expected to change?

How does the supply chain of methyl isobutyl ketone (MIBK) operate, and what are its key components?

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1   Preface
2   Report Coverage – Key Segmentation and Scope
3   Key Assumptions
4   Global Methyl Isobutyl Ketone (MIBK) Market Analysis, In Volume (Thousand Tonnes)
   4.1   Global Methyl Isobutyl Ketone (MIBK) Historical Market (2018-2023)
   4.2   Global Methyl Isobutyl Ketone (MIBK) Market Forecast (2024-2032)
   4.3   Global Methyl Isobutyl Ketone (MIBK) Market Demand Analysis, by Application
       4.3.1   Paints and Coatings
           4.3.1.1   Demand Analysis and Forecast (2018-2032)
       4.3.2   Rubber Antioxidants
           4.3.2.1   Demand Analysis and Forecast (2018-2032)
       4.3.3   Solvent Extraction
           4.3.3.1   Demand Analysis and Forecast (2018-2032)
       4.3.4   Adhesives and Inks
           4.3.4.1   Demand Analysis and Forecast (2018-2032)
       4.3.5   Surfactants
           4.3.5.1   Demand Analysis and Forecast (2018-2032)
       4.3.6   Solvents
           4.3.6.1   Demand Analysis and Forecast (2018-2032)
       4.3.7   Others
   4.4   Global Methyl Isobutyl Ketone (MIBK) Market by Region
       4.4.1   North America
           4.4.1.1   Demand Analysis and Forecast (2018-2032)
           4.4.1.2   Market by Application (2018-2032)
       4.4.2   Europe
           4.4.2.1   Demand Analysis and Forecast (2018-2032)
           4.4.2.2   Market by Application (2018-2032)
       4.4.3   Asia Pacific
           4.4.3.1   Demand Analysis and Forecast (2018-2032)
           4.4.3.2   Market by Application (2018-2032)
       4.4.4   Latin America
           4.4.4.1   Demand Analysis and Forecast (2018-2032))
           4.4.4.2   Market by Application (2018-2032)
       4.4.5   Middle East and Africa
           4.4.5.1   Demand Analysis and Forecast (2018-2032)
           4.4.5.2   Market by Application (2018-2032)
   4.5   Global Methyl Isobutyl Ketone (MIBK) Supply Demand Gap, By Region
       4.5.1   North America
           4.5.1.1   Demand-Supply Gap Analysis and Forecast (2018-2032)
       4.5.2   Europe
           4.5.2.1   Demand-Supply Gap Analysis and Forecast (2018-2032)
       4.5.3   Asia Pacific
           4.5.3.1   Demand-Supply Gap Analysis and Forecast (2018-2032)
       4.5.4   Latin America
           4.5.4.1   Demand-Supply Gap Analysis and Forecast (2018-2032)
       4.5.5   Middle East and Africa
           4.5.5.1   Demand-Supply Gap Analysis and Forecast (2018-2032)
5   North America Methyl Isobutyl Ketone (MIBK) Market Analysis
   5.1   United States of America
       5.1.1   Demand Analysis and Forecast (2018-2032)
       5.1.2   Demand Supply Gap
   5.2   Canada
       5.2.1   Demand Analysis and Forecast (2018-2032)
       5.2.2   Demand Supply Gap
6   Europe Methyl Isobutyl Ketone (MIBK) Market Analysis
   6.1   Germany
       6.1.1   Demand Analysis and Forecast (2018-2032)
       6.1.2   Demand Supply Gap
   6.2   UK
       6.2.1   Demand Analysis and Forecast (2018-2032)
       6.2.2   Demand Supply Gap
   6.3   France
       6.3.1   Demand Analysis and Forecast (2018-2032)
       6.3.2   Demand Supply Gap
   6.4   Italy
       6.4.1   Demand Analysis and Forecast (2018-2032)
       6.4.2   Demand Supply Gap
   6.5   Spain
       6.5.1   Demand Analysis and Forecast (2018-2032)
       6.5.2   Demand Supply Gap
   6.6   Others
7   Asia Pacific High Density Polyethylene (HDPE) Market Analysis
   7.1   China
       7.1.1   Demand Analysis and Forecast (2018-2032)
       7.1.2   Demand Supply Gap
   7.2   Japan
       7.2.1   Demand Analysis and Forecast (2018-2032)
       7.2.2   Demand Supply Gap
   7.3   India
       7.3.1   Demand Analysis and Forecast (2018-2032)
       7.3.2   Demand Supply Gap
   7.4   South Korea
       7.4.1   Demand Analysis and Forecast (2018-2032)
       7.4.2   Demand Supply Gap
   7.5   ASEAN
       7.5.1   Demand Analysis and Forecast (2018-2032)
       7.5.2   Demand Supply Gap
   7.6   Australia
       7.6.1   Demand Analysis and Forecast (2018-2032)
       7.6.2   Demand Supply Gap
   7.7   Others
8   Latin America High Density Polyethylene (HDPE) Market Analysis
   8.1   Brazil
       8.1.1   Demand Analysis and Forecast (2018-2032)
       8.1.2   Demand Supply Gap
   8.2   Argentina
       8.2.1   Demand Analysis and Forecast (2018-2032)
       8.2.2   Demand Supply Gap
   8.3   Mexico
       8.3.1   Demand Analysis and Forecast (2018-2032)
       8.3.2   Demand Supply Gap
   8.4   Others
9   Middle East and Africa High Density Polyethylene (HDPE) Market Analysis
   9.1   Saudi Arabia
       9.1.1   Demand Analysis and Forecast (2018-2032)
       9.1.2   Demand Supply Gap
   9.2   United Arab Emirates
       9.2.1   Demand Analysis and Forecast (2018-2032)
       9.2.2   Demand Supply Gap
   9.3   Nigeria
       9.3.1   Demand Analysis and Forecast (2018-2032)
       9.3.2   Demand Supply Gap
   9.4   South Africa
       9.4.1   Demand Analysis and Forecast (2018-2032)
       9.4.2   Demand Supply Gap
   9.5   Others
10   Growth Opportunities and Strategic Analysis
   10.1   Supply Chain Analysis and Its Component
   10.2   Capacity Expansions, Plant Shutdowns, Force Majeure Events, and Plant Closures in the Last One Year and the Last one Quarter
   10.3   Capacity Expansions, Plant Shutdowns, Force Majeure Events, and Plant Closures in Next One Year and the Next one
   10.4   Impact Analysis in Price and Demand after Force Majeure Events, and Plant Closures
   10.5   Environmental Considerations and Government Regulations
   10.6   Technology Innovation and Its Impact on Production and Application
   10.7   Challenges and Opportunities Faced by Existing Manufacturers
   10.8   Potential Risks and Barriers to Entry for New Players
11   Competitive Landscape
   11.1   Market Structure
   11.2   Company Profiles
       11.2.1   Sasol Ltd.
           11.2.1.1   Company Overview
           11.2.1.2   Product Portfolio and Major Grades
           11.2.1.3   Capacity by Location
           11.2.1.4   Expansion Plan
           11.2.1.5   Major Consumers
           11.2.1.6   Revenue from POI
           11.2.1.7   Technological Innovation and Sustainability
       11.2.2   Kumho P&B Chemicals
           11.2.2.1   Company Overview
           11.2.2.2   Product Portfolio and Major Grades
           11.2.2.3   Capacity by Location
           11.2.2.4   Expansion Plan
           11.2.2.5   Major Consumers
           11.2.2.6   Revenue from POI
           11.2.2.7   Technological Innovation and Sustainability
       11.2.3   Royal Dutch Shell Plc.
           11.2.3.1   Company Overview
           11.2.3.2   Product Portfolio and Major Grades
           11.2.3.3   Capacity by Location
           11.2.3.4   Expansion Plan
           11.2.3.5   Major Consumers
           11.2.3.6   Revenue from POI
           11.2.3.7   Technological Innovation and Sustainability
       11.2.4   The Dow Chemical Company
           11.2.4.1   Company Overview
           11.2.4.2   Product Portfolio and Major Grades
           11.2.4.3   Capacity by Location
           11.2.4.4   Expansion Plan
           11.2.4.5   Major Consumers
           11.2.4.6   Revenue from POI
           11.2.4.7   Technological Innovation and Sustainability
       11.2.5   Mitsui Chemicals, Inc.
           11.2.5.1   Company Overview
           11.2.5.2   Product Portfolio and Major Grades
           11.2.5.3   Capacity by Location
           11.2.5.4   Expansion Plan
           11.2.5.5   Major Consumers
           11.2.5.6   Revenue from POI
           11.2.5.7   Technological Innovation and Sustainability
       11.2.6   Solvay SA
           11.2.6.1   Company Overview
           11.2.6.2   Product Portfolio and Major Grades
           11.2.6.3   Capacity by Location
           11.2.6.4   Expansion Plan
           11.2.6.5   Major Consumers
           11.2.6.6   Revenue from POI
           11.2.6.7   Technological Innovation and Sustainability
       11.2.7   Celanese Corporation
           11.2.7.1   Company Overview
           11.2.7.2   Product Portfolio and Major Grades
           11.2.7.3   Capacity by Location
           11.2.7.4   Expansion Plan
           11.2.7.5   Major Consumers
           11.2.7.6   Revenue from POI
           11.2.7.7   Technological Innovation and Sustainability
       11.2.8   Arkema S.A.
           11.2.8.1   Company Overview
           11.2.8.2   Product Portfolio and Major Grades
           11.2.8.3   Capacity by Location
           11.2.8.4   Expansion Plan
           11.2.8.5   Major Consumers
           11.2.8.6   Revenue from POI
           11.2.8.7   Technological Innovation and Sustainability
       11.2.9   KH Neochem Co., Ltd.
           11.2.9.1   Company Overview
           11.2.9.2   Product Portfolio and Major Grades
           11.2.9.3   Capacity by Location
           11.2.9.4   Expansion Plan
           11.2.9.5   Major Consumers
           11.2.9.6   Revenue from POI
           11.2.9.7   Technological Innovation and Sustainability
       11.2.10   Monument Chemical
           11.2.10.1   Company Overview
           11.2.10.2   Product Portfolio and Major Grades
           11.2.10.3   Capacity by Location
           11.2.10.4   Expansion Plan
           11.2.10.5   Major Consumers
           11.2.10.6   Revenue from POI
           11.2.10.7   Technological Innovation and Sustainability
       11.2.11   Zhejiang Xinhua Co., Ltd.
           11.2.11.1   Company Overview
           11.2.11.2   Product Portfolio and Major Grades
           11.2.11.3   Capacity by Location
           11.2.11.4   Expansion Plan
           11.2.11.5   Major Consumers
           11.2.11.6   Revenue from POI
           11.2.11.7   Technological Innovation and Sustainability
12   Key Trends and Developments in the Market

List of Key Figures and Tables

1.   Global Methyl Isobutyl Ketone (MIBK) Market: Key Industry Highlights, 2018 and 2032
2.   Global Methyl Isobutyl Ketone (MIBK) Market Demand Analysis: Breakup by Application (Thousand Tonnes), 2018-2032
3.   Global Methyl Isobutyl Ketone (MIBK) Market Demand Analysis: Breakup by Region (Thousand Tonnes), 2018-2032
4.   Global Methyl Isobutyl Ketone (MIBK) Market Supply Demand Gap: Breakup by Region (Thousand Tonnes), 2018-2032
5.   North America Methyl Isobutyl Ketone (MIBK) Market Demand Analysis: Breakup by Application (Thousand Tonnes), 2018-2032
6.   North America Methyl Isobutyl Ketone (MIBK) Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
7.   North America Methyl Isobutyl Ketone (MIBK) Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
8.   Europe Methyl Isobutyl Ketone (MIBK) Market Demand Analysis: Breakup by Application (Thousand Tonnes), 2018-2032
9.   Europe Methyl Isobutyl Ketone (MIBK) Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
10.   Europe Methyl Isobutyl Ketone (MIBK) Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
11.   Asia Pacific Methyl Isobutyl Ketone (MIBK) Market Demand Analysis: Breakup by Application (Thousand Tonnes), 2018-2032
12.   Asia Pacific Methyl Isobutyl Ketone (MIBK) Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
13.   Asia Pacific Methyl Isobutyl Ketone (MIBK) Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
14.   Latin America Methyl Isobutyl Ketone (MIBK) Market Demand Analysis: Breakup by Application (Thousand Tonnes), 2018-2032
15.   Latin America Methyl Isobutyl Ketone (MIBK) Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
16.   Latin America Methyl Isobutyl Ketone (MIBK) Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
17.   Middle East and Africa Methyl Isobutyl Ketone (MIBK) Market Demand Analysis: Breakup by Application (Thousand Tonnes), 2018-2032
18.   Middle East and Africa Methyl Isobutyl Ketone (MIBK) Market Demand Analysis: Breakup by Country (Thousand Tonnes), 2018-2032
19.   Middle East and Africa Methyl Isobutyl Ketone (MIBK) Market Supply Demand Gap: Breakup by Country (Thousand Tonnes), 2018-2032
20.   Global Methyl Isobutyl Ketone (MIBK) Market Structure

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