Insights on the Methyl Ethyl Ketone Global Market to 2027 – Increase in Demand from Pharmaceutical and Personal Care Industries Expected to Boost Growth – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global Methyl Ethyl Ketone Market to 2027” report has been added to ResearchAndMarkets.com’s offering.

Methyl ethyl ketone is also referred as MEK or 2-Butanone which is a colorless vaporous liquid with a pleasant yet pungent smell. It is prima is primarily used as a solvent in the process of gums, resin, cellulose nitrate, and cellulose acetate. MEK also used in the production of paraffin wax. Furthermore, 2-Butanone is used in household products such as lacquers & varnishes, paint & paint removers, and glues & adhesives.

Market Drivers

The increase in demand for methyl ethyl ketone from pharmaceutical and personal care industries expected to boost the global methyl ethyl ketone market over the forecast period. It is used in the manufacturing of antiseptics, lotions, anesthetics, and drugs will positively influence the market growth.

Thus, the growing pharmaceutical industry on account of increasing healthcare expenditure in Asia Pacific region is expected to fuel the demand during this forecast period. Also, the increase in vehicle sales over the past few years & expected production rise over the forecast period is likely to propel the global methyl ethyl ketone market growth. Moreover, the increase in demand for agro-chemicals such as pesticides expected to support the market growth.

Market Restraints

The increase in usage of green solvents as well as fluctuations in the raw material prices are the major restraints which are expected to hamper the global methyl ethyl ketone market growth during this timeframe.

Companies Mentioned

• Arkema SA
• ExxonMobil Corporation
• Fushun Petrochemical Company
• Cetex Petrochemicals
• Ineos Solvents
• Idemitsu Kosan Co. Ltd
• Nouryon
• Sasol
• Tasco Chemicals
• Zibo Qixiang Petrochemical Industry Group Co. Ltd

Market Segmentation

By Application

• Epoxy resin
• Solvent
• Printing Ink
• Adhesive
• Lubricants
• Others

By Industry Vertical

• Pharmaceutical
• Agriculture
• Paints & Coatings
• Rubber
• Packaging
• Others

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

Key Questions Addressed by the Report

• What are the Key Opportunities in Global Methyl Ethyl Ketone Market?
• What will be the growth rate from 2019 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?

For more information about this report visit https://www.researchandmarkets.com/r/1jo1ri

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