Market Overview

The Global Methyl Ethyl Ketone Market was valued at USD 4,036.6 million in 2023 and is expected to reach USD 5,873.6 million by 2031 while growing at a CAGR of 4.8% during the forecast period (2024-2031). 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global methyl ethyl ketone market growth. Methyl Ethyl Ketone (MEK), also known as butanone, is a colorless liquid with a sweet odor, widely utilized as a solvent in industries such as paints and coatings, adhesives, printing inks, and pharmaceuticals.

Increasing demand in end-use industries and expanding construction and infrastructure activities are driving the methyl ethyl ketone (MEK) market. Despite this growth, challenges such as environmental and regulatory concerns, along with stringent regulations and compliance requirements, could hinder market expansion.

Furthermore, the global methyl ethyl ketone industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Application Analysis

The Global Methyl Ethyl Ketone Market is segmented among Solvent, Resin, Printing Ink, Adhesive, and Other Applications, based on Application. In 2023, Solvent accounted for the majority of the market share*. 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By End-user Industry Analysis

The Global Methyl Ethyl Ketone Market is segmented among Paints and Coatings, Rubber, Construction, Packaging and Publishing, and Other End-User Industries, based on End-user Industry. In 2023, Paints and Coatings accounted for the majority of the market share*. 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Methyl Ethyl Ketone Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while the Middle East is expected to grow with the highest CAGR during the forecast period (2024 – 2031). 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Arkema, Cetex Petrochemicals, China National Petroleum Corporation, Exxon Mobil Corporation, Idemitsu Kosan Co., Ltd, INEOS, Maruzen Petrochemical, Nouryon, Shell Plc, and Sasol.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Methyl Ethyl Ketone Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Methyl Ethyl Ketone Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Methyl Ethyl Ketone Market Segmentation, By Application 

• Global Methyl Ethyl Ketone Market Share Analysis, By Application 

• Global Methyl Ethyl Ketone Market Growth Analysis, By Application 

• Global Methyl Ethyl Ketone Market Trends, By Application 

o Solvent

o Resin

o Printing Ink

o Adhesive

o Other Applications

6. Global Methyl Ethyl Ketone Market Segmentation, By End-user Industry

• Global Methyl Ethyl Ketone Market Share Analysis, By End-user Industry

• Global Methyl Ethyl Ketone Market Growth Analysis, By End-user Industry

• Global Methyl Ethyl Ketone Market Trends, By End-user Industry

o Paints and Coatings

o Rubber

o Construction

o Packaging and Publishing

o Other End-User Industries

7. Global Methyl Ethyl Ketone Market Segmentation, By Region

• Global Methyl Ethyl Ketone Market Share Analysis, By Region

• Global Methyl Ethyl Ketone Market Growth Analysis, By Region

• Global Methyl Ethyl Ketone Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Arkema*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Cetex Petrochemicals

• China National Petroleum Corporation

• Exxon Mobil Corporation

• Idemitsu Kosan Co., Ltd

• INEOS

• Maruzen Petrochemical

• Nouryon

• Shell Plc

• Sasol

 *Similar analysis will be provided for each company listed above.