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The global methyl isobutyl ketone market is being aided by the growing paints and coatings sector and the automobile industry, particularly in regions like Brazil, Eastern Europe, and some Asian countries. The Asia Pacific region is the major producer of the product, accounting for nearly 55% of the global share. The Asia Pacific is followed by Western Europe and North America, among others, as the significant supply markets for methyl isobutyl ketone. Moreover, the demand for methyl isobutyl ketone from the surfactant and solvent extraction market is expected to increase in the coming years; thus, further aiding the industry over the forecast period. South Africa serves as the major exporting region, exporting significant volumes of methyl isobutyl ketone to regions like the United States, Singapore, and Europe, among others.
Kumho P&B Chemicals., Inc., one of the major players in the industry, is the major manufacturer of methyl isobutyl ketone in Asia and is the largest manufacturer of the product in the world. In October 2019, Sasol Limited (NYSE: SSL), another significant player in the industry, and Nduna Maritime entered into a R400 million enterprise and supplier development (ESD) funding agreement in South Africa’s first locally-owned maritime vessel, further transporting chemicals to international markets while localising its South African business and diversifying its supply chain. Such developments are expected to aid the global methyl isobutyl ketone market over the forecast period.
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The major players in the global methyl isobutyl ketone market are Sasol Limited, Kumho P&B Chemicals., Inc., Celanese Corporation, Shell Chemicals, Dow Chemical Company, Jilin Nuoxin Chemical Co., Ltd., Mitsui Chemicals Group, Solvay Group, and LCY Chemical Corp., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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