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Methyl Ethyl Ketone Market to witness heavy growth prospects via printing inks applications over 2019-2022

Author : Ronak Bora | Published Date : 2019-04-01 

Methyl Ethyl Ketone Market in the printing inks application may witness gains at over 4.5% by the end of the forecast timeframe. MEK is widely used as solvent in printing industry owing to adhesion with substrate such as plastics, glass and metal, excellent drying time and specialized inks formulation. Positive application outlook of printing inks from food processing, packaging, publishing, pharmaceutical and personal care industries may drive methyl ethyl ketone market.

Positive demand outlook for paints & coatings, printing inks and adhesives owing to growth in infrastructure and construction spending, particularly in Middle East and Asia Pacific, may drive methyl ethyl ketone market. Its wide usage as solvent in paints & coatings industry owing to its properties such as strong solvency, low viscosity and high evaporation may boost product demand.

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Stringent regulations on methyl ethyl ketone market owing to its toxicity level imposed by regulatory bodies in Europe and the U.S. may pose challenge to the market. Volatility of crude oil and other downstream derivatives including MEK prices may directly impact market profitability.

Strong application scope in personal care and pharmaceutical industries owing to usage of MEK in production of anesthetics, antiseptics, drugs and lotions. Presence of sophisticated healthcare infrastructure in Europe and the U.S. along with increase in pharmaceutical and personal care industry on account of rising healthcare spending in Asian countries may propel global methyl ethyl ketone market.

Paints & coatings applications from MEK market may surpass USD 2 billion by 2022. Paints & coatings include waterborne coatings, solvent borne coatings, powder coatings and specialty coatings. Growth of automobile industry along with increasing construction spending in Asia Pacific and Middle East has resulted into increase in demand for paints & coatings application. Increase in demand for powder coatings from automotive industry may stimulate methyl ethyl ketone market growth.

Asia Pacific, driven by India and China methyl ethyl ketone market may surpass USD 2 billion by 2022. Asia Pacific construction expenditure was dominated by India, Indonesia and China. China construction expenditure was valued at over USD 1.8 trillion in 2015 and holds over 35% of the total installed capacity of MEK. Increase in automobiles, electronics and construction industries may stimulate regional growth.

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North America, led by the U.S. MEK market share may register growth of over 3.5% by the end of projected period. Stringent environmental norms with emphasis on usage of green solvent may drive methyl ethyl ketone market.

Global methyl ethyl ketone market share is consolidated with key market players include Maruzen Petrochemicals, Zibo Qixiang, Sasol Solvents, ExxonMobil, Arkema, Shell Chemicals, Lanzhou Petrochemicals, Petro China, SK Energy and Idemistsu Kosan. Methyl ethyl ketone market shows a high degree of integration by major producers across the value chain, where most of the manufacturers are involved in production of raw material.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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