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The global methyl ethyl ketone (MEK) market was valued at USD 1,299.3 million in 2019 and is predicted to reach USD 1,344.1 million by 2025, growing at a CAGR of 4.5% during the forecast period. The primary factors leading to the growth in the market for MEK are the increasing demand for MEK for paints and coatings and printing inks. Also, the demand is fuelled by the consumption in the Asia region.<br><br>
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Methyl Ethyl Ketone (MEK) Market The global methyl ethyl ketone (MEK) market was valued at USD 1,299.3 million in 2019 and is predicted to reach USD 1,344.1 million by 2025, growing at a CAGR of 4.5% during the forecast period. The primary factors leading to the growth in the market for MEK are increasing demand for MEK for paints and coatings and printing inks. Also, the demand is fuelled from the consumption in Asia region.
Methyl Ethyl Ketone (MEK) Market Insight by Application Based on application, the global methyl ethyl ketone market is categorized into paints & coatings, printing inks, adhesives, and others. Paints and coatings is the main application of MEK. MEK is a common ingredient in solvent paints. MEK find its application as a low-boiling solvent for acrylic, nitrocellulose, and vinyl surface coatings applied at a certain pressure to the laminate which is generally low. MEK as a ingredient in paints find applications in automotive, electrical other end use industries. Paints and coatings accounted for 56.4% consumption of the MEK globally in 2019.
Methyl Ethyl Ketone (MEK) Market Competitive Insight Key players operating in the global MEK market include ExxonMobil Corporation, Royal Dutch Shell PLC, Sasol Limited, Nouryon, Cetex Petrochemicals, INEOS Solvents, Tasco Chemicals, Zibo Qixiang Petrochemical Industry Group Co.,Ltd., Maruzen Petrochemical Co., Ltd., Idemitsu Kosan Co. Ltd, Tonen Chemical, PetroChina Lanzhou Petrochemical, China Bluestar Harbin Petrochemical, Hebei Zhongjie Petrochemical Group Co. Ltd., and Bangkok Synthetics Co., Ltd.
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