Methyl Isobutyl Ketone Market to Hit $800mn by 2025: Global Market Insights, Inc.
Europe methyl isobutyl ketone (MIBK) market is anticipated to capture over 20% industry share in 2018 and will generate a revenue exceeding USD 190 million by 2025.
SELBYVILLE, Del., May 24, 2019 /PRNewswire/ -- The methyl isobutyl ketone market is anticipated to hike from USD 600 million in 2018 to around USD 800 million by 2025, according to a 2019 Global Market Insights, Inc. report. Escalating construction activities across the globe is driving the use of solvents in various surface coatings. Methyl isobutyl ketone is extensively used to produce rubber processing chemicals, which will witness growth owing to the increased automotive sales and tire production.
MIBK is also one of the vital components in the production of insecticides, fertilizers and other agrochemicals. This will boost the product demand in various emerging economies such as China, India, Mexico etc., who spend heavily to improve their agricultural output, directly augmenting the methyl isobutyl ketone (MIBK) market share in the expected timeframe.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2561
The high toxicity and harsh impacts on human health and the environment may obstruct the growth of MIBK market size in the near future. Petroleum based MIBKs are believed to be highly toxic when exposed to the air that can cause mucous membrane irritations and vulnerable effects on central nervous system in humans.
However, the negative properties of the product is fueling the adaptation of bio-based MIBK, which is eco-friendly, cost-effective and has an uncomplicated production process. The shift towards the bio-based substitute will propel the product demand advancing the methyl isobutyl ketone market size in the projected timespan.
Based on MIBK applications, the market is segmented into solvent, extraction solvent, rubber processing chemical, surfactants and other minor applications such as denaturant, insecticides, fertilizers etc. Rubber processing chemicals segment is anticipated to grow at a significant rate to surpass USD 90 million till the end of 2025. The rapid growth in the drift towards radial tires, the application of MIBK as a solvent in the amalgamation of anti-ozonant additives and rubber is likely to fuel the methyl isobutyl ketone market in the coming years.
Browse key industry insights spread across 253 pages with 371 market data tables & 22 figures & charts from the report, "Methyl Isobutyl Ketone (MIBK) Market Size By Application (Solvent, Extraction Solvent, Rubber Processing Chemical, Surfactants), By End-use industry (Paints & coatings, Pharmaceuticals, Automotive, Agrochemicals), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, The Netherlands, Italy, China, India, Japan, South Korea, Indonesia, Malaysia, Brazil, Mexico, Saudi Arabia, UAE, Kuwait, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025" in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/methyl-isobutyl-ketone-market
Based on revenue, agrochemicals recorded a substantial share among the end-use industries growing with a CAGR over 3.5% by 2025. Methyl isobutyl ketone is widely used in manufacturing insecticides that control garden insects and various fertilizers to keep the crops safe before harvest. Moreover, it is also an extraction solvent for antibiotics and pharmaceutical products owing to its high solvency and excellent stability.
Europe is anticipated to control the methyl isobutyl ketone market by capturing over 20% revenue share in 2018 and will generate a revenue exceeding USD 190 million by 2025. Prices in the region is likely to be higher owing to the unavailability of raw materials. Positive outlook for bio based MIBK in the end-use industries will bolster the overall market size in future. This would not only improve the product demand but would also lower the risks to the environment.
Key MIBK market competitors include Arkema Group, The Dow Chemical Company, Royal Dutch Shell, Sasol, Mitsubishi Chemicals, Kumho P&B Chemicals Inc., Mitsui Chemicals, Celanese Corporation, Eastman Chemical Company, LCY Group and Jilin Chemicals.
Make an Inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2561
Browse Related Reports:
Sodium Metasilicate Pentahydrate Market Size By Purity (29% [By Application {Cosmetics, Ceramic, Paper, Detergents, Textiles}], 50% [By Application {Oil Drilling, Cement, Textile, Detergent, Paper, Ceramics, Electroplating}], 99% [By Application {Washing Powder & Detergent, Textile, Cement, Paper, Ceramic, Metal Surface treatment, Chemical Production, Flameproofing, Mineral Floatation}], Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Poland, Czech Republic, Japan, India, China, Indonesia, South Korea, Brazil, Argentina, Iran, Saudi Arabia, Egypt, UAE, South Africa, Nigeria, Ethiopia), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025
https://www.gminsights.com/industry-analysis/sodium-metasilicate-pentahydrate-market
Glycol Ether Market Size By Product (E-Series {Ethylene Glycol Propyl Ether (EGPE) {Paints & Coatings, Printing Inks, Pharmaceuticals, Cosmetics, Electronics}, Ethylene Glycol Butyl Ether (EGBE) {Paints & Coatings, Printing Inks, Chemical Intermediate}, Ethylene Glycol Butyl Ether Acetate (EGBEA), {Coating, Chemical Intermediates, Cleaning}, Others {Paints & Coatings, Printing Inks, Pharmaceuticals, Cosmetic & Personal Care, Electronics} , P-Series (Tripropylene Glycol Methyl Ether (TPM) {Coatings, Cleaners, Electronics, Printing Inks}, Propylene Glycol Methyl Ether (PM) {Coatings, Cleaners, Chemical Intermediates, Electronics}, Dipropylene Glycol Methyl Ether (DPM) {Coatings, Cleaners, Electronics, Adhesives}, Others {Coatings, Cleaners}), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico Germany, UK, France, Italy, Spain, Russia, China, India, Japan, South Korea, Thailand, Australia, Brazil, Saudi Arabia, UAE, South Africa), Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025
https://www.gminsights.com/industry-analysis/glycol-ether-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: [email protected]
Web: https://www.gminsights.com
Related Images
methyl-isobutyl-ketone-mibk-market.png
Methyl Isobutyl Ketone (MIBK) Market Size worth $800mn by 2025
Based on revenue, agrochemicals recorded a substantial share in the MIBK Market among the end-use industries growing with a CAGR over 3.5% by 2025.
Related Links
Methyl Isobutyl Ketone (MIBK) Market Size
Fluorinated Ethylene Propylene (FEP) Market Size
SOURCE Global Market Insights, Inc.
Share this article