Global Methyl Ethyl Ketone Market is Expected to Reach USD 3.06 Billion by 2019: Transparency Market Research

  Global Methyl Ethyl Ketone Market is Expected to Reach USD 3.06 Billion by
                      2019: Transparency Market Research

  PR Newswire

  ALBANY, New York, January 29, 2014

ALBANY, New York, January 29, 2014 /PRNewswire/ --

Transparency Market Research has released a new market report titled " Methyl
Ethyl Ketone Market f or Paints & Coatings, Printing Inks and Other
Applications - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast, 2013 - 2019 " which observes that the revenue generated by MEK
(methyl ethyl ketone) market was USD 2,254.1 million in 2012 and is expected
to reach USD 3,064.5 million by 2019, growing at a CAGR of 4.5% from 2013 to
2019. The global demand for MEK was 1,180.6 kilo tons in 2012.

Browse the full  Methyl Ethyl Ketone Market  Report with TOC at

MEK is an organic compound mainly used as solvents in several applications
such as paints and coatings, printing inks, adhesive for PVC pipes, ingredient
in rubber based industrial cements, resins thinners, cleanup applications, as
lacquers and solvents in pharmaceuticals among others. MEK peroxides are also
used as catalyst in polymerization of polyester resins. Global demand for MEK
is mainly driven by rising demand for paints and coatings from automobile,
infrastructure and furniture industries.

Paints and coatings accounted for about 56% of the total market share of MEK
in 2012. Paints and coatings are widely consumed by automobiles and
construction industries. Moreover, the automotive and construction markets are
recovering rapidly which is anticipated to act as a driver for the growth in
the MEK market. Printing inks segment is also an important market for MEK and
is expected to show the fastest growth over the forecasted period. Apart from
these applications, MEK solvents are used in the pharmaceutical industry as
extractor and as a catalyst for certain reactions, thus the growing
pharmaceutical industry is expected to drive the global MEK market in the next
few years. In addition, the number of applications for MEK is rising due to
increasing living standards, industrial growth and technological advancements.
Thus the rising number of MEK applications can turn out to be a key growth
driver in the future.

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The global MEK market is dominated by Asia Pacific, which accounted for over
50% of the global volumes consumed in 2012. Growth of MEK market in Asia
Pacific is mainly driven by the rising consumption from the automobile and
infrastructure industry in China, India and Japan. Asia Pacific was followed
by North America with over 18.8% share in total volume consumption. The key
players in the MEK market are ExxonMobil Chemical, Maruzen Petrochemical Co.
Ltd., Zibo Qixiang Petrochemical Industry Group Co. Ltd., Arkema S.A., Sasol
Solvents, Shell Chemicals, SK Energy Co. Ltd., PetroChina Lanzhou
Petrochemicals, and Idemitsu Kosan Co. Ltd. among others.

MEK Market - Application Segment Analysis

  *Paints & Coatings
  *Printing Inks
  *Others (Plastics, textiles, rubber-based industrial cements, etc.)

MEK Market - Regional Analysis

  *North America
  *Asia Pacific
  *Rest of the world

Browse all Chemical & Materials Market Research Reports @

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