Methyl Ethyl Ketone Market for Paints & Coatings, Printing Inks and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
Albany, NY -- (SBWIRE) -- 03/16/2015 -- "Methyl Ethyl Ketone Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019", a market report published by Transparency Market Research, is an essential resource for gaining an overall understanding about the methyl ethyl ketone market in the most logical and accessible format. To give the users a comprehensive view on the methyl ethyl ketone (MEK) market, the study covers the analysis, forecast, drivers and restraints for the MEK market along with the impacts they are expected to have on the market over the forecast period. According to the report, the revenue generated by the global MEK market in 2012 was 2,254.1 million and is expected to climb to US$3064.5 million in the next four years. The market is growing at a 4.5% CAGR in the forecast period 2013 to 2019.
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The main use of MEK is as a solvent in a range of applications due to its effective chemical properties such as fast evaporation rate, low boiling point, high viscosity, and solvency. Based on this the report studies the various opportunities for the MEK market on a regional and global level. Through extensive segment analysis the report provides a decisive view on the MEK market based on its product segments and applications. Some of the major industrial applications of MEK include plastics, paints and coatings, printing inks, and textiles. The study report states that the paints and coatings application segment generated US$1,223.0 million in revenue in 2012, and was considered as the largest market segment. Rapid growth in the infrastructure sectors in various developing and emerging nations has boosted the paints and coatings segment to high growth. This growth is expected to continue in the next few years.
Similarly, plastics, textiles, and printing inks are likely to grow due to increasing demand for MEK from publishing and packaging companies. Over the forecast period, the demand for MEK will be lively in the pharmaceuticals and furniture industry owing to the demand for MEK adhesives for rubber-based cements, PVC pipes, lacquers, and resin thinner applications.
The increase in demand from industrial applications is expected to continue to drive the MEK market till 2019. However, the challenges studied by the analysts at TMR show that environmental concerns, stringent governmental regulations, volatility in raw material prices, and health issues related to the use of MEK are limiting the growth of the MEK market. The raw material price fluctuations occur based on the availability of petrochemicals. In most cases, large companies have their own distribution channel, whereas smaller petrochemical companies usually rely on private distributors.
Browse the full Methyl Ethyl Ketone Market for Paints & Coatings, Printing Inks and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 report at http://www.transparencymarketresearch.com/methyl-ethyl-ketone.html
Such variations in the global MEK market are mainly observed in the Asia-Pacific region – the largest market, and one that is a major factor in the expansion of the MEK industry. Due to heavy consumption from manufacturing and construction industries in Asia-Pacific, the main demand for the MEK market is to fulfill the needs in the paints and coatings application segment. Moreover, the market for MEK is also expected to grow in countries like India and China due to the growing infrastructure and automobile industries.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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