Methyl Ethyl Ketone Market for Paints & Coatings, Printing Inks and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
MEK (methyl ethyl ketone) is mainly used as a solvent in variety of applications owing to itsexcellent chemical properties such as low boiling point, fast evaporation rate, high solvency and high viscosity. The major industrial applications of MEK include paints and coatings, printing inks, plastics and textiles among others. The revenue generated by the global MEK market was 2,254.1 million in 2012which is expected to reach USD 3,064.5 million by 2019, growing at a CAGR of 4.5% from 2013 to 2019.
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Methyl Ethyl Ketone Market for Paints & Coatings, Printing Inks and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
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Analysis, Size, Share, Growth, Trends
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Published Date : Feb
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3. PR : Global Methyl Ethyl Ketone Market is Expected to Reach USD 3.06 Billion
by 2019: Transparency Market Research
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.
4. Browse the full Methyl Ethyl Ketone Market Report with TOC at
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MEK Market - Application Segment Analysis
Paints & Coatings
Printing Inks
Others (Plastics, textiles, rubber-based industrial cements, etc.)
MEK Market - Regional Analysis
North America
Europe
Asia Pacific
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5. Table of
Content
Chapter 1 Preface
1.1 Report description
1.2 Market segmentation
1.2.1 Global MEK market, by application and region
1.3 Research scope
1.3.1 Assumptions
1.4 Research methodology
Chapter 2 Executive summary
2.1 Global MEK market, 2012 - 2019 (Kilo Tons) (USD Million)
2.1.1 Global MEK market, 2012 – 2019 (Kilo Tons)(USD Million)
Chapter 3 Methyl Ethyl Ketone - Industry Analysis
3.1 Introduction
3.2 Value chain analysis
3.3 Market drivers
3.3.1 Rising demand from paints and coatings industry
3.3.1.1 Global paints and coatings industry, 2012 – 2019, (Million Tons) (USD
Billion)
3.3.2 Growing demand from printing inks market
3.3.2.1 Global printing inks market revenue, 2012 – 2019 (USD Billion)
3.3.3 Increasing number of applications
6. 3.3.3.1 Growth of pharmaceutical industry in major countries, 2009 and 2011
(USD Million)
3.4 Market restraints
3.4.1 Health concerns/issues with MEK
3.4.2 Volatility in raw material prices
3.4.2.1 Global crude oil prices trend, 2008 – 2013 (USD/barrel)
3.4.3 Growing demand for substitutes
3.5 Opportunities
3.5.1 Growth potential in emerging markets
3.5.1.1 Asia Pacific solvent based paints market, 2007- 2011 (USD Million)
3.6 Porter’s five forces analysis
3.6.1 Bargaining power of suppliers
3.6.2 Bargaining power of buyers
3.6.3 Threat of new entrants
3.6.4 Threat from substitutes
3.6.5 Degree of competition
3.7 Market attractiveness analysis
3.7.1 Market attractiveness analysis, by application
3.8 Company market share analysis
3.8.1 Company market share, 2012
Chapter 4 Methyl Ethyl Ketone - Application Analysis
4.1 Global MEK market: Application overview
4.1.1 Global MEK market volume share, by application, 2012 and 2019
4.2 Paints and coatings
4.2.1 Global MEK market for paints and coatings applications, 2012 – 2019, (Kilo Tons)
(USD Million)
7. 4.3 Printing inks
4.3.1 Global MEK market for printing inks applications, 2012 – 2019, (Kilo Tons) (USD
Million)
4.4 Other applications
4.4.1 Global MEK market for other applications, 2012 – 2019, (Kilo Tons) (USD Million)
Chapter 5 Methyl Ethyl Ketone - Regional Analysis
5.1 Global MEK market: Regional overview
5.1.1 Global MEK market volume share, by region, 2012 and 2019
5.2 North America MEK market, 2012-2019 (Kilo Tons) (USD Million)
5.2.1 North America MEK market volume, by application, 2012 - 2019 (Kilo Tons)
5.2.2 North America MEK market revenue, by application, 2012 – 2019 (USD Million)
5.3 Europe MEK market, 2012 - 2019 (Kilo Tons) (USD Million)
5.3.1 Europe MEK market volume, by application, 2012 – 2019 (Kilo Tons)
5.3.2 Europe MEK market revenue, by application, 2012 - 2019 (USD Million)
5.4 Asia Pacific MEK market, 2012 - 2019 (Kilo Tons) (USD Million)
5.4.1 Asia Pacific MEK market volume, by application, 2012 - 2019 (Kilo Tons)
5.4.2 Asia Pacific MEK market revenue, by application, 2012 – 2019 (USD Million)
5.5 RoW MEK market, 2012-2019 (Kilo Tons) (USD Million)
5.5.1 RoW MEK market volume, by application, 2012 - 2019 (Kilo Tons)
5.5.2 RoW MEK market revenue, by applications, 2012 - 2019 (USD Million)
Chapter 6 Company Profiles
6.1 Maruzen Petrochemical Co. Ltd.
6.1.1 Company overview
6.1.2 Business strategies
8. 6.1.3 SWOT analysis
6.1.4 Recent developments
6.2 Royal Dutch Shell
6.2.1 Company overview
6.2.2 Financial overview
6.2.3 Business strategy
6.2.4 SWOT analysis
6.2.5 Recent developments
6.3 Arkema S.A.
6.3.1 Company overview
6.3.2 Financial overview
6.3.3 Business strategy
6.3.4 SWOT analysis
6.3.5 Recent developments
6.4 Sasol Limited
6.4.1 Company overview
6.4.2 Financial overview
6.4.3 Business strategy
6.4.4 SWOT analysis
6.4.5 Recent developments
6.5 ExxonMobil Chemical Ltd.
6.5.1 Company overview
6.5.2 Financial overview
6.5.3 Business strategy
6.5.4 SWOT analysis
6.5.5 Recent developments
9. 6.6 Zibo Qixiang Petrochemical Industry Group Company Ltd.
6.6.1 Company overview
6.6.2 Business strategy
6.6.3 SWOT analysis
6.6.4 Recent developments
6.7 Tasco Chemical Corporation
6.7.1 Company overview
6.7.2 Business strategy
6.7.3 SWOT analysis
6.7.4 Recent development
6.8 Tonen Chemical Corporation
6.8.1 Company overview
6.8.2 Financial overview
6.8.3 Business strategy
6.8.4 SWOT analysis
6.8.5 Recent developments
6.9 Fushun Petrochemical Company
6.9.1 Company overview
6.9.2 Financial overview
6.9.3 Business strategy
6.9.4 SWOT analysis
6.9.5 Recent developments
6.10 SK Energy Co. Ltd.
6.10.1 Company overview
6.10.2 Financial overview
6.10.3 Business strategy
10. 6.10.4 SWOT analysis
6.10.5 Recent developments
6.11 PetroChina Lanzhou Petrochemical Company
6.11.1 Company overview
6.11.2 Financial overview
6.11.3 Business strategy
6.11.4 SWOT analysis
6.11.5 Recent developments
6.12 Idemitsu Kosan Company Limited
6.12.1 Company overview
6.12.2 Financial overview
6.12.3 Business strategies
6.12.4 SWOT analysis
6.12.5 Recent development
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