Methyl Ethyl Ketone Market to Grow $3,150.0 Mn, Globally by 2020: Analysis of Key Players
Zion Market Research has published a new report titled “Methyl Ethyl Ketone Market for Printing Inks, Paints & Coatings and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2014 – 2020.” According to the report, global demand for methyl ethyl ketone was valued at USD 2,450.0 million in 2014, and is expected to reach USD 3,150.0 million in 2020, growing at a CAGR of around 4.5% between 2015 and 2020. In terms of volume, the global methyl ethyl ketone market stood at 1,375.0 kilo tons in 2014.
Methyl ethyl ketone is organic compound produced from oxidation process. The methyl ethyl ketone is also known as butanone. The methyl ethyl ketone is used as a common solvent on commercial bases. It is largely produced in industries as well as it is also found in nature on small extent. It has sweet odor and also used as flavoring agent. The main application of this solvent includes films and coatings, resins, paraffin wax, plastics, dye industries and others.
Get a copy of Sample Report: http://www.marketresearchstore.com/report/methyl-ethyl-ketone-market-z50847#RequestSample
The methyl ethyl ketone market is mainly driven by the growing automotive and infrastructure industries especially in Asia Pacific region. This growth is attributed to rapid industrialization coupled with rising disposable income in emerging countries such as India, China and Brazil. Growing demand of methyl ethyl ketone in pharmaceutical and rubber industries are expected to boost the market growth during the forecast period. However, environmental regulations are major challenges that may hinder the growth of the methyl ethyl ketone market.
On the basis of application, methyl ethyl ketone market can be segmented as printing inks, paints & coatings and other applications. In 2014, paints and coatings held as a leading application segment for methyl ethyl ketone market and accounted around 50% share for the entire market. In addition, printing inks are projected to witness significant growth over the forecast period due to rising demand form food and packaging industries.
Know more before buying this report: http://www.marketresearchstore.com/report/methyl-ethyl-ketone-market-z50847#InquiryForBuying
Asia Pacific emerged as the leading regional market for methyl ethyl ketone. Asia Pacific accounted over 45% of total methyl ethyl ketone volume consumed in 2014. Advancing technologies and trends contributes to the growth of automotive industries especially in Asia Pacific region. Hence, this region is likely to remain prolong regional segment for methyl ethyl market. In addition, North America and Europe are the developed market for methyl ethyl ketone and are estimated to grow with sluggish rate in the years to come.
Browse the full report at: http://www.marketresearchstore.com/report/methyl-ethyl-ketone-market-z50847
Some of the key players of global methyl ethyl ketone market involve PetroChina Lanzhou Petrochemicals, SK Energy, ExxonMobil Chemical, Tasco Chemical, Sasol Solvents, Tonen Chemical and amongst others.
The report segments the global methyl ethyl ketone market as:
Methyl Ethyl Ketone Market: Application Segment Analysis
- Printing Inks
- Paints and Coatings
Methyl Ethyl Ketone Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
3422 SW 15 Street,Suit #8138
Deerfield Beach,Florida 33442
Toll Free: +1-855-465-4651 (USA-CANADA)
Email: [email protected]