Methyl Ethyl Ketone Market was valued at USD 2.56 billion in 2015 and is anticipated to reach USD 4.01 billion by 2024. Methyl-ethyl-ketone (MEK) is a colourless and a harsh smelling carbon-based compound. It is commonly identified as butanone. It is characterized by outstanding chemical properties including high viscosity, low boiling point, high solvency and high evaporation rate owing to which it is used as a solvent across several applications. This liquid has a sweet smell indicated the presence of acetone and butterscotch, hence is produced on a large scale in the industries.
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Market Synopsis of Methyl Ethyl Ketone Market:
MEK is a liquid solvent used in
chemical intermediates, adhesives, printing inks, magnetic tapes and lube oil
dewaxing processes. Solvent is suitable for surface coatings that help in
reducing emissions from its highly efficiency and versatility. It is used in
chemical manufacturing, particularly for drugs and cosmetics. Other uses of MEK
include surgical instruments sterilization and vegetable oil extraction. MEK
market is expected to be driven in the foreseeable future by its widespread use
in industrial sectors including feedstock and intermediate chemical
applications such as additives in furniture polishes, rubber based cement,
pharmaceuticals and PVC piping applications.
MEK is acts as a natural
component in foods, a wide assortment of cheeses, beans, honey, chicken and
apple juice. MEK is also found in drinking water and surface water at numerous
sites. One can also come I contact with MEK through contact with household
products which contains chemicals or even at the workplace. The quantity,
frequency and length of exposure can affect the health of a person. Effects can
vary from irritation and headaches to severe damage to skin and nervous system.
However, with strict government regulations and rising environmental concerns,
the market is expected to experience a downturn as MEK has been marked for its
harmful nature in Toxic Substances Control Act by EPA among others. Secondary
challenges that can hamper market growth include presence of substitute
compounds and raw material price sensitivity.
The global MEK market is led by a
few manufacturers, particularly based out of China. Despite this, the MEK
demand is anticipated to be comparatively slow. Nonetheless, its global supply
is expected to rise considerably after the revival of Asia’s leading facility
situated in China that had been closed down in 2011 due to damages caused by
earthquakes.
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Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Methyl Ethyl Ketone:
Market Variables, Trends & Scope
Chapter 4 Methyl Ethyl Ketone:
Product Estimates & Trend Analysis
Chapter 5 Methyl Ethyl Ketone:
Application Estimates & Trend Analysis
Chapter 6 Methyl Ethyl Ketone:
End-use Estimates & Trend Analysis
Chapter 7 Methyl Ethyl Ketone:
Industrial End-use Estimates & Trend Analysis
Chapter 8 Methyl Ethyl Ketone:
Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Methyl Ethyl Ketone:
Manufacturers Company Profiles
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