Methyl Ethyl Ketone (MEK) Market Analysis By Application (Paints & Coatings, Printing Inks, Adhesives) And Segment Forecasts To 2024

Published: Aug, 2016 | Pages: 68 | Publisher: Grand View Research
Industry: Chemicals | Report Format: Electronic (PDF)

The global methyl ethyl ketone (MEK) market is expected to reach USD 4.01 billion by 2024, according to a new report by Grand View Research, Inc. Urbanization and industrialization in emerging economies of Asia Pacific and the Middle East have driven the need for better infrastructure.

Increasing construction spending by governments particularly in China and India to meet the rising infrastructure needs has been driving the construction industry growth which in turn is anticipated to drive demand for adhesives, printing inks, plastics, paints, and coatings demand.

Expanding product penetration in pharmaceuticals can be attributed to its ability to breakdown quaternary proteins structure and increase drug penetration. Growing pharmaceutical industry globally is expected to offer growth opportunities in denaturing applications.

Increasing chronic and terminal ailments prevalence is further driving the specialty drugs demand which in turn is anticipated to significantly impact product volumes over the forecast period. Volatile raw material prices and potential substitution by green solvents across various end-use industries are anticipated to remain key challenges for participants over the forecast period.

Further key findings from the report suggest:

The global MEK market demand was 1.42 million tons and is expected to reach 2.11 million tons by 2024, growing at a CAGR of 4.5% from 2016 to 2024.

Paints & coatings emerged as the leading application segment with demand share estimated at 55% in 2015. Increasing infrastructure spending in the booming Asian market is expected to drive this segment over the forecast period.

Printing inks segment is anticipated to growth at a CAGR of 4.9% from 2016 to 2024. MEK is widely used in inkjet inks owing to its quick evaporation rate and solvency which is expected to enhance overall volumes in the near future.

Asia Pacific dominated the global MEK industry and accounted for 56.3% of total market volume in 2015. Increasing construction spending in emerging economies of China and India coupled with government support to increase manufacturing in these countries are expected to drive the regional market. Asia Pacific is also expected to witness the fastest growth of 4.9% over the forecast period.

The global market is concentrated with top four companies ExxonMobil, Maruzen, Zibo, and Sasol accounting for a majority of share. Other players include Shell Chemicals, Ineos Solvents, SK Energy Co. Ltd, Lanzhou Petrochemicals, Idemitsu Kosan Co Ltd, Tasco Chemicals, Tonen Chemicals and Fushun Petrochemical Company.

 Table of Contents

Chapter 1 Methodology & Scope
                     1.1 Research Methodology
                     1.2 Research Scope & Assumptions
                     1.3 List of Data Sources

Chapter 2 Executive Summary
                     2.1 MEK - Industry Summary & Key Buying Criteria

Chapter 3 Methyl Ethyl Ketone (MEK) Industry Outlook
                     3.1 Market segmentation
                     3.2 Market size and growth prospects
                     3.3 Methyl ethyl ketone (MEK) - Value chain analysis
                     3.4 Methyl ethyl ketone (MEK) - Market dynamics
                          3.4.1 Market driver analysis
                          3.4.2 Market restraint analysis
                     3.5 Key Opportunities - Prioritized
                     3.6 Methyl ethyl ketone (MEK) - Company market share analysis
                     3.7 Industry Analysis - Porter’s
                     3.8 Methyl ethyl ketone (MEK) - PESTEL Analysis

Chapter 4 Methyl Ethyl Ketone (MEK) Application Outlook
                     4.1 Global MEK market volume share by application, 2015 & 2024
                     4.2 Paints & coatings
                          4.2.1 Market estimates and forecast, 2014 - 2024
                          4.2.2 Market estimates and forecast by region, 2014 - 2024
                     4.3 Printing inks
                          4.3.1 Market estimates and forecast, 2014 - 2024
                          4.3.2 Market estimates and forecast by region, 2014 - 2024
                     4.4 Adhesives
                          4.4.1 Market estimates and forecast, 2014 - 2024
                          4.4.2 Market estimates and forecast by region, 2014 - 2024
                     4.5 Others
                          4.5.1 Market estimates and forecast, 2014 - 2024
                          4.5.2 Market estimates and forecast by region, 2014 - 2024

Chapter 5 Methyl Ethyl Ketone (MEK) Regional Outlook
                     5.1 Global MEK market volume share by region, 2015 & 2024
                     5.2 North America
                          5.2.1 Market estimates and forecast, 2014 - 2024
                          5.2.2 Market estimates and forecast by application, 2014 - 2024
                          5.2.3 U.S.
                                 5.2.3.1 Market estimates and forecast, 2014 - 2024
                                 5.2.3.2 Market estimates and forecast by application, 2014 - 2024
                          5.2.4 Canada
                                 5.2.4.1 Market estimates and forecast, 2014 - 2024
                                 5.2.4.2 Market estimates and forecast by application, 2014 - 2024
                     5.3 Europe
                          5.3.1 Market estimates and forecast, 2014 - 2024
                          5.3.2 Market estimates and forecast by application, 2014 - 2024
                          5.3.3 Germany
                                 5.3.3.1 Market estimates and forecast, 2014 - 2024
                                 5.3.3.2 Market estimates and forecast by application, 2014 - 2024
                          5.3.4 UK
                                 5.3.4.1 Market estimates and forecast, 2014 - 2024
                                 5.3.4.2 Market estimates and forecast by application, 2014 - 2024
                          5.3.5 France
                                 5.3.5.1 Market estimates and forecast, 2014 - 2024
                                 5.3.5.2 Market estimates and forecast by application, 2014 - 2024
                     5.4 Asia Pacific
                          5.4.1 Market estimates and forecast, 2014 - 2024
                          5.4.2 Market estimates and forecast by application, 2014 - 2024
                          5.4.3 China
                                 5.4.3.1 Market estimates and forecast, 2014 - 2024
                                 5.4.3.2 Market estimates and forecast by application, 2014 - 2024
                          5.4.4 India
                                 5.4.4.1 Market estimates and forecast, 2014 - 2024
                                 5.4.4.2 Market estimates and forecast by application, 2014 - 2024
                          5.4.5 Japan
                                 5.4.5.1 Market estimates and forecast, 2014 - 2024
                                 5.4.5.2 Market estimates and forecast by application, 2014 - 2024
                     5.5 Middle East & Africa
                          5.5.1 Market estimates and forecast, 2014 - 2024, 2014 - 2024
                          5.5.2 Market estimates and forecast by application, 2014 - 2024
                          5.5.3 Saudi Arabia
                                 5.5.3.1 Market estimates and forecast, 2014 - 2024
                                 5.5.3.2 Market estimates and forecast by application, 2014 - 2024
                     5.6 Central & South America
                          5.6.1 Market estimates and forecast, 2014 - 2024, 2014 - 2024
                          5.6.2 Market estimates and forecast by application, 2014 - 2024
                          5.6.3 Brazil
                                 5.6.3.1 Market estimates and forecast, 2014 - 2024
                                 5.6.3.2 Market estimates and forecast by application, 2014 - 2024

Chapter 6 Competitive Landscape
                     6.1 ExxonMobil Corporation
                          6.1.1 Company Overview
                          6.1.2 Financial Performance
                          6.1.3 Product Benchmarking
                          6.1.4 Strategic Initiatives
                     6.2 Maruzen Petrochemical Co., Ltd.
                          6.2.1 Company Overview
                          6.2.2 Financial Performance
                          6.2.3 Product Benchmarking
                          6.2.4 Strategic Initiatives
                     6.3 Sasol Limited
                          6.3.1 Company Overview
                          6.3.2 Financial Performance
                          6.3.3 Product Benchmarking
                          6.3.4 Strategic Initiatives
                     6.4 Shell Chemicals
                          6.4.1 Company Overview
                          6.4.2 Financial Performance
                          6.4.3 Product Benchmarking
                          6.4.4 Strategic Initiatives
                     6.5 Ineos Solvents
                          6.5.1 Company Overview
                          6.5.2 Financial Performance
                          6.5.3 Product Benchmarking
                          6.5.4 Strategic Initiatives
                     6.6 SK Energy Co. Ltd
                          6.6.1 Company Overview
                          6.6.2 Financial Performance
                          6.6.3 Product Benchmarking
                          6.6.4 Strategic Initiatives
                     6.7 Lanzhou Petrochemicals
                          6.7.1 Company Overview
                          6.7.2 Financial Performance
                          6.7.3 Product Benchmarking
                          6.7.4 Strategic Initiatives
                     6.8 Idemitsu Kosan Co Ltd
                          6.8.1 Company Overview
                          6.8.2 Financial Performance
                          6.8.3 Product Benchmarking
                          6.8.4 Strategic Initiatives
                     6.9 Tasco Chemicals
                          6.9.1 Company Overview
                          6.9.2 Financial Performance
                          6.9.3 Product Benchmarking
                          6.9.4 Strategic Initiatives
                     6.10 Tonen Chemicals
                          6.10.1 Company Overview
                          6.10.2 Financial Performance
                          6.10.3 Product Benchmarking
                          6.10.4 Strategic Initiatives
                     6.11 Fushun Petrochemical Company
                          6.11.1 Company Overview
                          6.11.2 Financial Performance
                          6.11.3 Product Benchmarking
                          6.11.4 Strategic Initiatives
                     6.12 Del Amo chemical Company
                          6.12.1 Company Overview
                          6.12.2 Financial Performance
                          6.12.3 Product Benchmarking
                          6.12.4 Strategic Initiatives
                     6.13 Wicks Aircraft Supply
                          6.13.1 Company Overview
                          6.13.2 Financial Performance
                          6.13.3 Product Benchmarking
                          6.13.4 Strategic Initiatives
                     6.14 Recochem Inc.
                          6.14.1 Company Overview
                          6.14.2 Financial Performance
                          6.14.3 Product Benchmarking
                          6.14.4 Strategic Initiatives
                     6.15 Sherwin-Williams
                          6.15.1 Company Overview
                          6.15.2 Financial Performance
                          6.15.3 Product Benchmarking
                          6.15.4 Strategic Initiatives

List of Tables

TABLE 1 MEK - Industry Summary & Key Buying Criteria
TABLE 2 Global MEK market estimates, 2014 - 2016 (Kilo Tons) (USD Million)
TABLE 3 Global MEK market estimates and forecast, 2017 - 2024 (Kilo Tons) (USD Million)
TABLE 4 Global MEK market volume estimates by region, 2014 - 2016 (Kilo Tons)
TABLE 5 Global MEK market volume estimates and forecast by region, 2017 - 2024 (Kilo Tons)
TABLE 6 Global MEK market revenue estimates by region, 2014 - 2016 (USD Million)
TABLE 7 Global MEK market revenue estimates and forecast by region, 2017 - 2024 (USD Million)
TABLE 8 Global MEK market volume estimates byapplication, 2014 - 2016 (Kilo Tons)
TABLE 9 Global MEK market volume estimates and forecast byapplication, 2017 - 2024 (Kilo Tons)
TABLE 10 Global MEK market revenue estimates by application, 2014 - 2016 (USD Million)
TABLE 11 Global MEK market revenue estimates and forecast by application, 2017 - 2024 (USD Million)
TABLE 12 MEK - Key market driver analysis
TABLE 13 MEK - Key market restraint analysis
TABLE 14 Global MEK market estimates from paints & coatings, 2014 - 2016 (Kilo Tons) (USD Million)
TABLE 15 Global MEK market estimates and forecast from paints & coatings, 2017 - 2024 (Kilo Tons) (USD Million)
TABLE 16 Global MEK market volume estimates from paints & coatings by region, 2014 - 2016 (Kilo Tons)
TABLE 17 Global MEK market volume estimates and forecast from paints & coatings by region, 2017 - 2024 (Kilo Tons)
TABLE 18 Global MEK market revenue estimates from paints & coatings by region, 2014 - 2016 (USD Million)
TABLE 19 Global MEK market revenue estimates and forecast from paints & coatings by region, 2017 - 2024 (USD Million)
TABLE 20 Global MEK market estimates from printing inks, 2014 - 2016 (Kilo Tons) (USD Million)
TABLE 21 Global MEK market estimates and forecast from printing inks, 2017 - 2024 (Kilo Tons) (USD Million)
TABLE 22 Global MEK market volume estimates from printing inks by region, 2014 - 2016 (Kilo Tons)
TABLE 23 Global MEK market volume estimates and forecast from printing inks by region, 2017 - 2024 (Kilo Tons)
TABLE 24 Global MEK market revenue estimates fromprinting inks by region, 2014 - 2016 (USD Million)
TABLE 25 Global MEK market revenue estimates and forecast from printing inks by region, 2017 - 2024 (USD Million)
TABLE 26 Global MEK market estimates from adhesives, 2014 - 2016 (Kilo Tons) (USD Million)
TABLE 27 Global MEK market estimates and forecast from adhesives, 2017 - 2024 (Kilo Tons) (USD Million)
TABLE 28 Global MEK market volume estimates from adhesives by region, 2014 - 2016 (Kilo Tons)
TABLE 29 Global MEK market volume estimates and forecast from adhesives by region, 2017 - 2024 (Kilo Tons)
TABLE 30 Global MEK market revenue estimates from adhesives by region, 2014 - 2016 (USD Million)
TABLE 31 Global MEK market revenue estimates and forecast from adhesives by region, 2017 - 2024 (USD Million)
TABLE 32 Global MEK market estimates from other application segments, 2014 - 2016 (Kilo Tons) (USD Million)
TABLE 33 Global MEK market estimates and forecast from other application segments, 2017 - 2024 (Kilo Tons) (USD Million)
TABLE 34 Global MEK market volume estimates from other application segments by region, 2014 - 2016 (Kilo Tons)
TABLE 35 Global MEK market volume estimates and forecast from other application segments by region, 2017 - 2024 (Kilo Tons)
TABLE 36 Global MEK market revenue estimates from other application segments by region, 2014 - 2016 (USD Million)
TABLE 37 Global MEK market revenue estimates and forecast from other application segments by region, 2017 - 2024 (USD Million)
TABLE 38 North America MEK market estimates, 2014 - 2016 (Kilo Tons) (USD Million)
TABLE 39 North America MEK market estimates and forecast, 2017 - 2024 (Kilo Tons) (USD Million)
TABLE 40 North America MEK market volume estimates byapplication, 2014 - 2016 (Kilo Tons)
TABLE 41 North America MEK market volume estimates and forecast by application, 2017 - 2024 (Kilo Tons)
TABLE 42 North America MEK market revenue estimates by application, 2014 - 2016 (USD Million)
TABLE 43 North America MEK market revenue estimates and forecast by application, 2017 - 2024 (USD Million)
TABLE 44 U.S. MEK market estimates, 2014 - 2016 (Kilo Tons) (USD Million)
TABLE 45 U.S. MEK market estimates and forecast, 2017 - 2024 (Kilo Tons) (USD Million)
TABLE 46 U.S. MEK market volume estimates by application, 2014 - 2016 (Kilo Tons)
TABLE 47 U.S. MEK market volume estimates and forecast by application, 2017 - 2024 (Kilo Tons)
TABLE 48 U.S. MEK market revenue estimates by application, 2014 - 2016 (USD Million)
TABLE 49 U.S. MEK market revenue estimates and forecast by application, 2017 - 2024 (USD Million)
TABLE 50 Canada MEK market estimates, 2014 - 2016 (Kilo Tons) (USD Million)
TABLE 51 Canada MEK market estimates and forecast, 2017 - 2024 (Kilo Tons) (USD Million)
TABLE 52 Canada MEK market volume estimates by application, 2014 - 2016 (Kilo Tons)
TABLE 53 Canada MEK market volume estimates and forecast by application, 2017 - 2024 (Kilo Tons)
TABLE 54 Canada MEK market revenue estimates by application, 2014 - 2016 (USD Million)
TABLE 55 Canada MEK market revenue estimates and forecast by application, 2017 - 2024 (USD Million)
TABLE 56 Europe MEK market estimates, 2014 - 2016 (Kilo Tons) (USD Million)
TABLE 57 Europe MEK market estimates and forecast, 2017 - 2024 (Kilo Tons) (USD Million)
TABLE 58 Europe MEK market volume estimates by application, 2014 - 2016 (Kilo Tons)
TABLE 59 Europe MEK market volume estimates and forecast by application, 2017 - 2024 (Kilo Tons)
TABLE 60 Europe MEK market revenue estimates by application, 2014 - 2016 (USD Million)
TABLE 61 Europe MEK market revenue estimates and forecast by application, 2017 - 2024 (USD Million)
TABLE 62 Germany MEK market estimates, 2014 - 2016 (Kilo Tons) (USD Million)
TABLE 63 Germany MEK market estimates and forecast, 2017 - 2024 (Kilo Tons) (USD Million)
TABLE 64 Germany MEK market volume estimates by application, 2014 - 2016 (Kilo Tons)
TABLE 65 Germany MEK market volume estimates and forecast by application, 2017 - 2024 (Kilo Tons)
TABLE 66 Germany MEK market revenue estimates by application, 2014 - 2016 (USD Million)
TABLE 67 Germany MEK market revenue estimates and forecast by application, 2017 - 2024 (USD Million)
TABLE 68 UK MEK market estimates, 2014 - 2016 (Kilo Tons) (USD Million)
TABLE 69 UK MEK market estimates and forecast, 2017 - 2024 (Kilo Tons) (USD Million)
TABLE 70 UK MEK market volume estimates by application, 2014 - 2016 (Kilo Tons)
TABLE 71 UK MEK market volume estimates and forecast by application, 2017 - 2024 (Kilo Tons)
TABLE 72 UK MEK market revenue estimates by application, 2014 - 2016 (USD Million)
TABLE 73 UK MEK market revenue estimates and forecast by application, 2017 - 2024 (USD Million)
TABLE 74 France MEK market estimates, 2014 - 2016 (Kilo Tons) (USD Million)
TABLE 75 France MEK market estimates and forecast, 2017 - 2024 (Kilo Tons) (USD Million)
TABLE 76 France MEK market volume estimates by application, 2014 - 2016 (Kilo Tons)
TABLE 77 France MEK market volume estimates and forecast by application, 2017 - 2024 (Kilo Tons)
TABLE 78 France MEK market revenue estimates by application, 2014 - 2016 (USD Million)
TABLE 79 France MEK market revenue estimates and forecast by application, 2017 - 2024 (USD Million)
TABLE 80 Asia Pacific MEK market estimates, 2014 - 2016 (Kilo Tons) (USD Million)
TABLE 81 Asia Pacific MEK market estimates and forecast, 2017 - 2024 (Kilo Tons) (USD Million)
TABLE 82 Asia Pacific MEK market volume estimates by application, 2014 - 2016 (Kilo Tons)
TABLE 83 Asia Pacific MEK market volume estimates and forecast by application, 2017 - 2024 (Kilo Tons)
TABLE 84 Asia Pacific MEK market revenue estimates by application, 2014 - 2016 (USD Million)
TABLE 85 Asia Pacific MEK market revenue estimates and forecast by application, 2017 - 2024 (USD Million)
TABLE 86 China MEK market estimates, 2014 - 2016 (Kilo Tons) (USD Million)
TABLE 87 China MEK market estimates and forecast, 2017 - 2024 (Kilo Tons) (USD Million)
TABLE 88 China MEK market volume estimates by application, 2014 - 2016 (Kilo Tons)
TABLE 89 China MEK market volume estimates and forecast by application, 2017 - 2024 (Kilo Tons)
TABLE 90 China MEK market revenue estimates by application, 2014 - 2016 (USD Million)
TABLE 91 China MEK market revenue estimates and forecast by application, 2017 - 2024 (USD Million)
TABLE 92 India MEK market estimates, 2014 - 2016 (Kilo Tons) (USD Million)
TABLE 93 India MEK market estimates and forecast, 2017 - 2024 (Kilo Tons) (USD Million)
TABLE 94 India MEK market volume estimates by application, 2014 - 2016 (Kilo Tons)
TABLE 95 India MEK market volume estimates and forecast by application, 2017 - 2024 (Kilo Tons)
TABLE 96 India MEK market revenue estimates by application, 2014 - 2016 (USD Million)
TABLE 97 India MEK market revenue estimates and forecast by application, 2017 - 2024 (USD Million)
TABLE 98 Japan MEK market estimates, 2014 - 2016 (Kilo Tons) (USD Million)
TABLE 99 Japan MEK market estimates and forecast, 2017 - 2024 (Kilo Tons) (USD Million)
TABLE 100 Japan MEK market volume estimates by application, 2014 - 2016 (Kilo Tons)
TABLE 101 Japan MEK market volume estimates and forecast by application, 2017 - 2024 (Kilo Tons)
TABLE 102 Japan MEK market revenue estimates by application, 2014 - 2016 (USD Million)
TABLE 103 Japan MEK market revenue estimates and forecast by application, 2017 - 2024 (USD Million)
TABLE 104 Middle East & Africa MEK market estimates, 2014 - 2016 (Kilo Tons) (USD Million)
TABLE 105 Middle East & Africa MEK market estimates and forecast, 2017 - 2024 (Kilo Tons) (USD Million)
TABLE 106 Middle East & Africa MEK market volume estimates by application, 2014 - 2016 (Kilo Tons)
TABLE 107 Middle East & Africa MEK market volume estimates and forecast by application, 2017 - 2024 (Kilo Tons)
TABLE 108 Middle East & Africa MEK market revenue estimates by application, 2014 - 2016 (USD Million)
TABLE 109 Middle East & Africa MEK market revenue estimates and forecast by application, 2017 - 2024 (USD Million)
TABLE 110 Saudi Arabia MEK market estimates, 2014 - 2016 (Kilo Tons) (USD Million)
TABLE 111 Saudi Arabia MEK market estimates and forecast, 2017 - 2024 (Kilo Tons) (USD Million)
TABLE 112 Saudi Arabia MEK market volume estimates by application, 2014 - 2016 (Kilo Tons)
TABLE 113 Saudi Arabia MEK market volume estimates and forecast by application, 2017 - 2024 (Kilo Tons)
TABLE 114 Saudi Arabia MEK market revenue estimates by application, 2014 - 2016 (USD Million)
TABLE 115 Saudi Arabia MEK market revenue estimates and forecast by application, 2017 - 2024 (USD Million)
TABLE 116 Central & South America MEK market estimates, 2014 - 2016 (Kilo Tons) (USD Million)
TABLE 117 Central & South America MEK market estimates and forecast, 2017 - 2024 (Kilo Tons) (USD Million)
TABLE 118 Central & South America MEK market volume estimates by application, 2014 - 2016 (Kilo Tons)
TABLE 119 Central & South America MEK market volume estimates and forecast by application, 2017 - 2024 (Kilo Tons)
TABLE 120 Central & South America MEK market revenue estimates by application, 2014 - 2016 (USD Million)
TABLE 121 Central & South America MEK market revenue estimates and forecast by application, 2017 - 2024 (USD Million)
TABLE 122 Brazil MEK market estimates, 2014 - 2016 (Kilo Tons) (USD Million)
TABLE 123 Brazil MEK market estimates and forecast, 2017 - 2024 (Kilo Tons) (USD Million)
TABLE 124 Brazil MEK market volume estimates by application, 2014 - 2016 (Kilo Tons)
TABLE 125 Brazil MEK market volume estimates and forecast by application, 2017 - 2024 (Kilo Tons)
TABLE 126 Brazil MEK market revenue estimates by application, 2014 - 2016 (USD Million)
TABLE 127 Brazil MEK market revenue estimates and forecast by application, 2017 - 2024 (USD Million)