Methyl Isobutyl Ketone Market worth US$1,572.3 Mn by 2024

1. Methyl Isobutyl Ketone Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2024 ©2019 Transparency Market Research, All Rights Reserved

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3. Global Methyl Isobutyl Ketone Market: Snapshot Methyl isobutyl ketone (MIBK) is one of the excellent solvents for resins used in various surface coatings. It is also widely used in rubber chemicals for the production of tires, followed by surfactants, and insecticides. MIBK is used as a solvent in industries that produce rubber products, paints, machineries, and chemicals. Rising demand for solvents and rubber processing chemicals, chiefly owing to the flourishing growth of the global automotive industry, is expected to fuel to the overall global demand for methyl isobutyl ketone market in the next few years. • View Report Download Brochure ©2019 Transparency Market Research, All Rights Reserved

4. Use as Solvent to Contribute Heavily to the Growth of Global Methyl Isobutyl Ketone Market It actually comes as little surprise that the fact that methyl isobutyl ketone is a great solvent for resins will hugely add to its popularity, creating demand in the market landscape. As of now, it is of some interest to note that the methyl isobutyl ketone is used in over 40 industrial applications, across verticals. Besides, this accounted for some 54% of the overall market. And, the trend will continue into and through the forecast period, demonstrating a notable CAGR.

5. Asia Pacific (APAC) to Hold a Significant Share of the Global Methyl Isobutyl Ketone Market Region-wise APAC leads the global market, followed by North America and Europe. Major factors leading to this dominance include rising consumption of methyl isobutyl ketone in industries such as crop protection and automotive, creating lucrative growth opportunities for players. Other region that will generate untapped opportunities for market players to make the most of is Middle East and Africa. The growth here is attributable to a massive undertaking of development of commercial infrastructure. ©2019 Transparency Market Research, All Rights Reserved

6.  Some of the key players in this market   Dow Chemical Company Royal Dutch Shell Plc Kumho P&B Lee Chang Yung Chemical Celanese Corporation Eastman Chemical Company Mitsubishi Chemical Holdings Corporation ©2019 Transparency Market Research, All Rights Reserved

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