Being a highly efficient and versatile solvent, Methyl Ethyl Ketone (MEK) is used for formulating high solid coatings, which help to reduce emissions from coating operations. Coating and paint solvents are the crucial sectors which consume more than 55% of MEK worldwide. Printing inks, plastics, textiles, adhesives for PVC pipes, resins and extraction solvent for pharmaceuticals are other essential application for MEK, responsible for further incline in market demand.

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Major growth of Methyl Ethyl Ketone is driven by a strong demand from paints and coatings, aroma chemicals, printing inks, adhesives coatings, specialty intermediates in pharmaceutical industry and lube additives industries. Western and northern India account for almost the entire domestic consumption since almost all end use industries are situated in these regions.

MEK production went down over the years as better replacements were discovered, and eco-friendly and non-toxic solvents, such as ethyl acetate, saw an increase in demand. However, the demand for MEK in the country did not shrink, resulting in increased imports. Apart from Celtex Petrochemical Limited, there is no major producer of MEK in India. A significant amount of the domestic demand for MEK is met through imports and the international market has the direct influence on the domestic prices. Thus to meet up this emerging demand it is required to develop more MEK manufacturing units. The government should also encourage private players to enter into MEK production market and appropriate incentives could be helpful to tempt them towards it.

The current production capacity of MEK creates a gap between demand and production which is primarily met through imports. The domestic market has witnessed a significant increase in the demand for MEK which increased at a healthy growth rate of around 9.3% from the fiscal year 2008-09 to 2016-17. The future demand for MEK will be in healthy double digits’ from fiscal year 2016 to 2021 which will force more MEK to be imported.

Global Methyl Ethyl Ketone (MEK) Market size is forecast to reach USD 3.64 Billion against the volume 1.9 Million Tonnes with a CAGR of 4.3 % by 2022. China, Western Europe, Japan and the United States are leading Consumer of MEK. It is projected that Asia Pacific region will drive the highest growth of MEK in future as demand for MEK in this region is increasing at a fast pace and development in end-user industries of MEK is also growing rapidly. Also, with increasing investment and development in automobile and infrastructure industries in China and India will further induce the consumption of MEK in Asia Pacific region. Positive demand outlook for paints and coatings, adhesives, printing inks; on account of increasing construction spending, particularly in Asia Pacific and the Middle East is expected to remain a key driving factor for the global MEK market.

Highlights of the Report

  • Domestic installed capacity, production and demand
  • Key Manufacturers in India
  • Domestic Market Share and Trends
  • Region-wise Demand Distribution
  • Month-wise Import Quantities
  • Month-wise Export Quantities
  • Country-wise Share of Imports
  • Port-wise Share of Imports
  • Major End Users, Traders and Distributors
  • CIF Pricing
  • Prominent Production Technology Licensors
  • Industrial Manufacturing Process
  • Application and Use in Diverse Sectors
  • Global Market highlights
  • Health Impacts
  • Chemical and Physical Properties
  1. Chapter 1: Introduction
    1. Chemical and Physical Properties
    2. Application and Use
    3. Health Impacts
    4. Industrial Manufacturing Process
    5. Prominent Production Technology Licensors
  2. Chapter 2: Indian Scenario
    1. Production and Demand
    2. Region-wise Demand Distribution
    3. Key Producers in India
    4. Market Share and Trends
    5. Import and Exports
      1. Month-wise Import Quantities
      2. Month-wise Export Quantities
      3. Country-wise Share of Imports
      4. Port-wise Share of Imports
    6. Major End Users, Traders and Distributors
    7. Pricing in India
      1. CIF Pricing
  3. Chapter 3: Global scenario

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