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According to the methyl ethyl ketone (MEK) market analysis, the commercial segment is expected to see substantial growth in the forecast period. Increased investments in the residential sector, driven by a growing population and rising disposable incomes, are fuelling methyl ethyl ketone (MEK) demand growth.
Government investments in infrastructure development are further enhancing methyl ethyl ketone (MEK) market demand. MEK is involved in bonding surfaces and is used in the production of synthetic resins and rubbers, which are essential for manufacturing paints and adhesives.
Methyl Ethyl Ketone (MEK) Market Size
Methyl Ethyl Ketone (MEK) Market Growth
Methyl Ethyl Ketone (MEK) Market Analysis
Methyl Ethyl Ketone (MEK) Market Share
Methyl Ethyl Ketone (MEK) Companies
*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 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Methyl Ethyl Ketone (MEK) Market Analysis
8.1 Key Industry Highlights
8.2 Global Methyl Ethyl Ketone (MEK) Historical Market (2018-2023)
8.3 Global Methyl Ethyl Ketone (MEK) Market Forecast (2024-2032)
8.4 Global Methyl Ethyl Ketone (MEK) Market by Application
8.4.1 Solvent
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Resin
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Printing Ink
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Adhesive
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Methyl Ethyl Ketone (MEK) Market by End Use
8.5.1 Paints and Coatings
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Rubber
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Construction
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Packaging and Publishing
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Methyl Ethyl Ketone (MEK) Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Methyl Ethyl Ketone (MEK) Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Methyl Ethyl Ketone (MEK) Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Methyl Ethyl Ketone (MEK) Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Methyl Ethyl Ketone (MEK) Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Methyl Ethyl Ketone (MEK) Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code - 291412)
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Price Analysis
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Shell PLC
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 ENEOS Corporation
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Nova Molecular Technologies, Inc.
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Kishida Chemical Co.,Ltd.
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 AccuStandard
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Spectrum Laboratory Products, Inc.
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 BeanTown Chemical, Inc.
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 Molekula Limited
18.2.8.1 Company Overview
18.2.8.2 Product Portfolio
18.2.8.3 Demographic Reach and Achievements
18.2.8.4 Certifications
18.2.9 LobaChemie Pvt. Ltd.
18.2.9.1 Company Overview
18.2.9.2 Product Portfolio
18.2.9.3 Demographic Reach and Achievements
18.2.9.4 Certifications
18.2.10 Sasol Limited
18.2.10.1 Company Overview
18.2.10.2 Product Portfolio
18.2.10.3 Demographic Reach and Achievements
18.2.10.4 Certifications
18.2.11 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Methyl Ethyl Ketone (MEK) Market: Key Industry Highlights, 2018 and 2032
2. Global Methyl Ethyl Ketone (MEK) Historical Market: Breakup by Application (USD Billion), 2018-2023
3. Global Methyl Ethyl Ketone (MEK) Market Forecast: Breakup by Application (USD Billion), 2024-2032
4. Global Methyl Ethyl Ketone (MEK) Historical Market: Breakup by End Use (USD Billion), 2018-2023
5. Global Methyl Ethyl Ketone (MEK) Market Forecast: Breakup by End Use (USD Billion), 2024-2032
6. Global Methyl Ethyl Ketone (MEK) Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Methyl Ethyl Ketone (MEK) Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Methyl Ethyl Ketone (MEK) Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Methyl Ethyl Ketone (MEK) Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Methyl Ethyl Ketone (MEK) Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Methyl Ethyl Ketone (MEK) Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Methyl Ethyl Ketone (MEK) Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Methyl Ethyl Ketone (MEK) Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Methyl Ethyl Ketone (MEK) Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Methyl Ethyl Ketone (MEK) Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Methyl Ethyl Ketone (MEK) Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Methyl Ethyl Ketone (MEK) Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Major Importing Countries by Volume
19. Major Exporting Countries by Volume
20. Major Importing Countries by Value
21. Major Exporting Countries by Value
22. Global Methyl Ethyl Ketone (MEK) Market Structure
In 2023, the market reached a value of approximately USD 4.10 billion in 2023.
The global Methyl Ethyl Ketone (MEK) market is assessed to grow at a CAGR of 4.2% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to USD 5.90 billion by 2032.
The major market drivers include expansion of the pharmaceutical and healthcare sectors and increasing applications of MEK as a curing agent for fibreglass plastics and unsaturated polyester resins.
The key trends fuelling the growth of the market include increased requirement for dyes, paint, and glue and rising investments in residential construction sector.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The applications of methyl ethyl ketone include solvent, resin, printing ink, and adhesive, among others.
The competitive landscape consists of Shell PLC, ENEOS Corporation, Nova Molecular Technologies, Inc., Kishida Chemical Co.,Ltd., AccuStandard, Spectrum Laboratory Products, Inc., BeanTown Chemical, Inc., Molekula Limited, LobaChemie Pvt. Ltd., and Sasol Limited, among others.
Based on the end use, the market is divided into paints and coatings, rubber, construction, packaging and publishing and others.
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