Rahul28feb's  Instablog

Send Message
i am Market Research Analyst Manager And Official Blogger At Transparency Market Research
My company:
Transparency Market Research
My blog:
Transparency Market Research Blog
  • Methyl Ethyl Ketone Market Is Expected To Reach USD 3.06 Billion By 2019 0 comments
    Feb 7, 2014 5:21 AM | about stocks: TMR

    Transparency Market Research is Published new Market Report "Methyl Ethyl Ketone Market for 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.

    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.

    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.

    Browse Full Report With TOC : http://www.transparencymarketresearch.com/methyl-ethyl-ketone.html

    Paints and coatings applications segment was the largest market segment of MEK in 2012. The paints and coatings segment of the MEK market generated revenue of USD 1,223.0million in 2012.The rapidly growing infrastructure sector especially in developing nations is driving the paints and coatings market, which in turn is expected to fuel the demand for MEK in the next few years. Printing inks, plastics and textilesarethe other major application segments ofMEK.The demand for printing inks is likely to grow due to the rising demand from publishingand packaging industries among others. The increasing number of applications of MEK such as adhesives for PVC pipes, rubber based cements, resins thinners, lacquers in furniture industryand extraction solvent for pharmaceuticals among others, is expected to drive the MEK market in future.

    Asia Pacific represents the largest and the most important market for the MEK industry.TheMEKmarket in Asia Pacificis mainly driven by robust growth in the paints and coatings marketdue to heavy consumption from manufacturing and construction industries. North America is the second largest market for MEK followed by Europe and RoW. Due to the growing automobile and infrastructure industries in India and China, Asia Pacific is expected to be the key market for MEK in the future.

    The increasing number of industrial applications is also expected to drive the MEK demand throughout the forecast period. The growth of the MEK market is expected to be limited by certain factors such as the health issues associated with use of MEK, the volatility in raw material prices, as well as the growing demand for its substitutes. There are certain other factors such as growing environmental concerns and strict governmental regulations that are secondary challenges for the growth of the MEK market.ExxonMobil Chemical, Maruzen Petrochemical Co. Ltd., Zibo QixiangPetrochemical Industry Group Co. Ltd., Arkema S.A., Sasol Solvents, Shell Chemicals, SK Energy Co. Ltd., PetroChina Lanzhou Petrochemicals, and Idemitsu Kosan Co. Ltd. are some of the key producers of MEK.

    Related Blog : http://www.heavyindustrynews.wordpress.com/

    About US :

    Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.

    Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

    Browse all Chemical & Materials Market Research Reports @ http://www.transparencymarketresearch.com/chemical-market-reports-2.html

    Contact us :

    Sheela AK

    90 Sate Street, Suite 700
    Albany, NY 12207
    Tel: +1-518-618-1030
    USA - Canada Toll Free: 866-552-3453
    Email: sales@transparencymarketresearch.com
    Web: http://www.transparencymarketresearch.com/

    Stocks: TMR
Back To Rahul28feb's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.