Global methyl ethyl ketone market expected to reach USD 3.26 Billion By 2020:Grand View Research,Inc

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Global Methyl Ethyl Ketone Market Is Expected To Reach USD 3.26 Billion By 2020: Grand View Research, Inc The global MEK market (http://www.grandviewresearch.com/industry-analysis/methylethyl-ketone-mek-market) is expected to reach USD 3.26 billion by 2020, according to a new study by Grand View Research, Inc. Growing demand for paints and coatings in infrastructure, automotive and home furnishings is expected to remain a key driving factor for the global MEK market. Growing demand from key end-use industries such as construction and automotive, particularly from high growth market such as Asia Pacific and Latin America, is expected to further fuel its demand. MEK is used as synthetic rubber in domestic products and as a liquid solvent in chemical manufacturing, especially for drugs and cosmetics. Increasing market penetration of MEK in pharmaceutical applications is also expected to have a positive influence on market growth. However, volatile prices of key raw materials coupled with environmental hazards are expected to remain key challenges for market participants. In order to overcome such problems industry has shifted its focus towards adoption of bio-based solvents. The report “Methyl Ethyl Ketone (MEK) Market Analysis By Application (Printing Inks, Paints & Coatings) And Segment Forecast To 2020” is available now to Grand View Research customers and can also be purchased directly at http://www.grandviewresearch.com/industry-analysis/methyl-ethyl-ketone-mekmarket Further key findings from the study suggest:

Global MEK market was 1,319.2 kilotons in 2013 and is expected to reach 1,754 kilo tons by 2020, growing at a CAGR of 4.2% from 2014 to 2020.

Paints and coating dominated the global MEK application market and accounted for 56.3% of the total volume in the year 2013. Increasing construction spending in Asia Pacific is expected to drive the demand for MEK in paints and coatings. Printing inks is expected to be the fastest growing application segment for MEK at an estimated CAGR of 4.9% from 2012 to 2020. Increasing demand from food and packaging industry is expected to drive the demand for MEK in printing inks over the next several years.


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Global methyl ethyl ketone market expected to reach USD 3.26 Billion By 2020:Grand View Research,Inc by Andrew Smith - Issuu