DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/m23ptz/global_methyl) has announced the addition of the "Global Methyl Ethyl Ketone (MEK) Market 2015-2019" report to their offering.
The global MEK market to grow at a CAGR of 4.72% over the period 2014-2019.
MEK also known as butanone is a colorless organic solvent with a pleasant pungent odor. It is used as a solvent for multiple applications due to its outstanding chemical properties such as high viscosity, high evaporation rate, low boiling point, and high solvency. MEK is used in paints and coatings, adhesives and thinners, printing inks, pharmaceutical products, and others.
China is the major country contributing to the demand in the global MEK market. It is the major importer and exporter of MEK. Large manufacturers are setting up their production facilities in China because of the low cost, cheap labour, and skilled workforce. MEK is used in wide applications in end-use sectors such as construction, manufacturing, and industrial. China and India are currently witnessing a boom in the construction sector, thus contributing to the consumption of MEK in various end-use products such as paints and coatings and printing inks, and in related applications.
According to the report, MEK has strong solvency, low viscosity, and fast evaporative properties. It is used in aerosol paints, architectural coatings, interior clear finishes, undercoats and primers, waterproofing compounds, lubricant greases and oils, automotive chemicals, varnish, varnish removers, thinners, and machinery and automobile paints and primers. The construction and manufacturing sectors are developing at a fast pace in APAC and the Middle East, thus increasing the demand in the MEK market.
Further, the report states that with the fluctuations in crude oil prices, manufacturers are looking for alternative solutions, which in turn will affect the growth of the global MEK market.
Exxon Mobil Lanzhou Petrochemicals Maruzen Petrochemical Royal Dutch Shell Sasol
Other Prominent Vendors
AkzoNobel Arkema Bangkok Synthetics Carboclor Celanese Cetex Petrochemicals China Bluestar Harbin Petrochemical Fushun Petrochemical Heibei Zhongjie Petrochemical Iran Peroxide Jiangyin Qian Chemical Lee Chang Yung Chemical Longxin Luoyang Shuangyue Guhuaji Norac Petrobrazi Polinox Raoyehua Sasol Solvents SK Energy Taizhou Jack Composite Materials Tasco Chemical Tonen Chemical Yingde Power Chemical Yuh Tzong Enterprise Zibo Qixiang Petrochemical Industry Group
Key Topics Covered:
Executive Summary List of Abbreviations Scope of the Report Market Research Methodology Introduction Market Landscape Global MEK Market Market Segmentation by Application Geographical Segmentation Key Leading Countries Buying Criteria Market Growth Drivers Drivers and their Impact Market Challenges Impact of Drivers and Challenges Market Trends Trends and their Impact Vendor Landscape Key Vendor Analysis
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