Methyl Isobutyl Ketone Market Current Trends, Opportunities and Growth Challenges by 2028

The Methyl Isobutyl Ketone is projected to grow at a rate of 5.5% in terms of value, from 2020 to reach USD 1,101.0 Million by 2028.

The Methyl Isobutyl Ketone is projected to grow at a rate of 5.5% in terms of value, from 2020 to reach USD 1,101.0 Million by 2028. The Methyl Isobutyl Ketone (MIBK) is a colorless, highly flammable, water-soluble industrial and commercial chemical with a sweet and pleasant odor derived from acetone. Methyl Isobutyl Ketone is mostly used as a solvent in the manufacturing of surface coating applications and are also widely utilized as an intermediate solvent chemical in the formulation of various chemical processing. Paints, inks, synthetic resin, varnishes, surface coating, and denaturant in many ethanol formulations are some of its chemical applications. On the other hand, methyl isobutyl ketone is widely used in industrial applications such as food packaging, electroplating solutions, fungicides, germicides, and the component of adhesives, among others. Also, in the dewaxing and deoiling of petroleum products, this chemical compound is used as an extraction agent.

Top Companies Operating in the Global Methyl Isobutyl Ketone Market:

LCY Chemical Corp., Kumho PB Chemicals, Royal Dutch Shell PLC, Mitsui Chemicals, Tokuyama Corporation, Celanese Corporation, Eastman Chemical Company, Ningbo Oceanking Chemical Development Co Ltd., Sasol Limited, and ISU Chemical.

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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth

Global Methyl Isobutyl Ketone market is projected to drive significantly as the demand for the methyl isobutyl ketone in various industrial commercial applications is being propelled substantially. Methyl isobutyl ketone for its combination of high solvent activity with low density is very useful in developing high-solids coatings and are highly demanded in the coating industry. The continuous expansion of the paint coatings, varnishes, adherents, inks, acrylics, flavoring agent, food-contact packaging products, and non-edible use pesticide products are expected to drive the demand throughout the forecast period. Direct Intermediate solvent, chemical reagent, adherent, and other processing aids are some of its widely used end-usages. Growing demand for automotive tire usages are harnessing the growth of this market substantially. Offline retailing is dominating the market but the higher growth rate has been forecasted for the online retailing sub-segment.

Table of Contents:

  1. Report Overview 
    1.1 Research Scope
    1.2 Key Methyl Isobutyl Ketone market segments
    1.3 Major players
    1.4 Market analysis by product type
    1.5 Market analysis by application
    1.6 Report timeline
  2. Global Growth Trends
    2.1 Global Methyl Isobutyl Ketone market size
    2.2 Latest regional market trends
    2.3 Emerging growth trends
  3. Competitive Outlook
    3.1 Global Methyl Isobutyl Ketone market key players
    3.2 Global Methyl Isobutyl Ketone size by manufacturers
    3.3 Products of major players
    3.4 Entry barriers in the Methyl Isobutyl Ketone market
    3.5 Mergers, acquisitions, joint ventures, and other strategic alliances

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Key Regional Markets Covered in the Report:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)

Methyl Isobutyl Ketone Market Segmentation

End-Use Outlook (Revenue: USD Million; Volume: Kilo Tons; 2018-2028)

  • Direct Solvent
  • Chemical Intermediate
  • Surface Adherent
  • Pesticides
  • Chemical Reagents
  • Others

Sales Channel Outlook (Revenue: USD Million; Volume: Kilo Tons; 2018-2028)

  • Online Retailing
  • Offline Retailing

Applications Outlook (Revenue: USD Million; Volume: Kilo Tons; 2018-2028)

  • Paints Coatings
  • Rubber Adhesive
  • Chemical Pharmaceuticals
  • Food Packaging Flavoring
  • Others

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