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.
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.The MEKmarket in Asia Pacificis mainly driven by robust growth in the paints and coatings market due 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.
MEK is an organic compound used as solvents in several applications such as paints and coatings, printing inks, adhesive for PVC pipes, ingredient in rubber-based industrial cements and resin thinners. The value chain for MEK market comprises of feedstock suppliers, producers, distributors, buyers and end user industries. Procurement of raw material is made from the big petrochemical companies. Various petroleum by-products are used as raw materials for the production of MEK. The raw material prices fluctuate as petrochemicals are the base for extraction of raw materials. Major petrochemical companies are integrated backward as they manufacture MEK along with its feedstock. These largecompanies have their own distribution channel while smaller companies generally opt for private distributors.The application products of MEK are consumed by various end user industries such as paints and coatings, pharmaceutical, construction, automotive, furniture and electronic goods.
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.
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
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)
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
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
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)
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)
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)
6. Company Profiles
6.1. Maruzen Petrochemical Co. Ltd.
6.1.1. Company overview
6.1.2. Business strategies
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
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
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
List of Tables
TABLE 1: Global MEK market: Snapshot
TABLE 2: Market restraints for MEK market: Impact Analysis
TABLE 3: North America MEK market volume, by application, 2012-2019 (Kilo Tons)
TABLE 4: North America MEK market revenue, by application, 2012-2019 (USD Million)
TABLE 5: Europe MEK market volume, by application, 2012-2019 (Kilo Tons)
TABLE 6: Europe MEK market revenue, by application, 2012-2019 (USD Million)
TABLE 7: Asia Pacific MEK market volume, by application, 2012-2019 (Kilo Tons)
TABLE 8: Asia Pacific MEK market revenue, by application, 2012-2019 (USD Million)
TABLE 9: RoW MEK market volume, by application, 2012-2019 (Kilo Tons)
TABLE 10: RoW MEK market revenue, by application, 2012-2019 (USD Million)
List of Figures
FIG. 1: Global MEK market, by application and region
FIG. 2: Global MEK market, 2012-2019 (Kilo Tons) (USD Million)
FIG. 3: MEK: Value chain analysis
FIG. 4: Global paints and coatings industry, 2012-2019 (Million Tons) (USD Billion)
FIG. 5: Global printing inks market revenue, 2012-2019 (USD Billion)
FIG. 6: Growth of pharmaceutical industry in major countries, 2009 and 2011 (USD Million)
FIG. 7: Global crude oil price trend, 2008-2013 (USD/barrel)
FIG. 8: Asia Pacific solvent based paints market, 2007-2011 (USD Million)
FIG. 9: Porter’s five forces analysis
FIG. 10: Market attractiveness analysis, by application
FIG. 11: Company market share, 2012
FIG. 12: Global MEK market volume share, by application, 2012 and 2019
FIG. 13: Global MEK market for paints and coatings applications, 2012-2019 (Kilo Tons) (USD Million)
FIG. 14: Global MEK market for printing inks applications, 2012-2019 (Kilo Tons) (USD Million)
FIG. 15: Global MEK market for other applications, 2012-2019 (Kilo Tons) (USD Million)
FIG. 16: Global MEK market volumes share, by region, 2012 and 2019
FIG. 17: North America MEK market, 2012-2019 (Kilo Tons) (USD Million)
FIG. 18: Europe MEK market, 2012-2019 (Kilo Tons) (USD Million)
FIG. 19: Asia Pacific MEK market, 2012-2019 (Kilo Tons) (USD Million)
FIG. 20: RoW MEK market, 2012-2019 (Kilo Tons), (USD Million)
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Methyl Ethyl Ketone Market
