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Global Methyl Isobutyl Ketone Market: By Application: Paints & Coatings, Rubber Antioxidants, Solvent Extraction, Adhesives, Inks, Surfactants, Others; By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa; Historical Production and Consumption (2015-2019); Production and Consumption Forecast (2020-2025); SWOT Analysis; Price Analysis; Trade Analysis; Feedstock Market Outlook; Value Chain Analysis; Procurement Strategy; Cost Analysis; Competitive Landscape & Supplier Analysis; Manufacturing Process; Production Cost Analysis

Global Methyl Isobutyl Ketone Market Key Insights:

 

  • Applications: Paints and Coatings, Rubber Antioxidants, Solvent Extraction, Adhesives, Inks, Surfactants, and Others
  • Market Analysis and Outlook 2020-2025
  • SWOT Analysis
  • Market Performance
  • Breakup by Region
  • Price Analysis
  • Competitive Landscape
  • Value Chain Analysis
  • Mergers and Acquisitions

 

Market Outlook

The global methyl isobutyl ketone market demand reached a volume of nearly 430 thousand metric tons in 2019. The demand for the product is expected to grow at a CAGR of 3% in the forecast period of 2020-2025 to reach a volume of around 513 thousand metric tons by 2025.

Global Methyl Isobutyl Ketone Market Report and Forecast 2020-2025

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The demand for methyl isobutyl ketone is being driven by the growing paints and coating sector and the automobile industry, especially in countries like Brazil, Eastern Europe, and some Asian countries. The major supply markets for the product include the Asia Pacific, accounting for almost 55% of the market share. The developing economies of the region are also propelling the industry growth. The market in the Asia Pacific is being supported by the healthy growth of the construction and automobile industries. Western Europe and North America are also significant supply markets. The demand from the surfactant, as well as the solvent extraction market, is also likely to grow in the coming years. Kumho P&B Chemicals., Inc., one of the key players, is the leading producer of methyl isobutyl ketone in Asia and the largest manufacturer of the organic compound in the world.

South Africa is a major exporting region, exporting large volumes of the product to countries like the United States, Singapore, and Europe, among others. The dominant producer in South Africa is Sasol Limited, accounting for a significant share of the output. The Asia Pacific region is also among the major producers with enough production to meet its regional demand. The region is still compelled to import the product to meet more than 10% of the regional demand due to changing preferences of the producers to produce alternative products to gain higher profit. North America is also an importing region, which relies on imports from South Africa to meet nearly 20% of its regional demand.

Properties and Applications

Methyl isobutyl ketone, which is abbreviated as MIBK, refers to an organic compound, which is a colourless fluid. It is a ketone, having the chemical formula (CH3)2CHCH2C(O)CH3, which is often used as a solvent for resins, oils, varnishes, gums, lacquers, and nitrocellulose.

Methyl isobutyl ketone finds wide application in the following segments:

  • Paints and Coatings
  • Rubber Antioxidants
  • Solvent Extraction
  • Adhesives and Inks
  • Surfactants
  • Others

The EMR report also covers the regional markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The report also explores the feedstock market, namely, acetone, covering the price trends and applications of acetone for the historical (2015-2019) and forecast (2020-2025) periods.

Market Analysis

The global methyl isobutyl ketone market is being driven by the growing demand from the paints and coatings industry, which is propelled forward by the recovering construction industry. The demand for the product is particularly increasing faster in developing regions like India and China. The rising demand for paints and coatings in the developing regions is fuelled by the rapidly growing construction sector in the area. The construction sector is the end-use industry for the product and is supported by the growing population in the Asia Pacific region. The increasing population, especially the middle-class population, is demanding more housing facilities, thus, propelling the growth of the construction and methyl isobutyl ketone industries. The rising disposable income of the consumers is also driving the market growth for the product. The growing infrastructure and construction industries in the other regions are also supporting the industry growth of the product. The market is also being aided by the automobile industry, which is booming in nearly all regions. The application of methyl isobutyl ketone in automobiles coating is also providing a push to the overall market growth.

The market demand is also being aided by the growing rubber antioxidant market, which is also growing due to the increasing demand. The increasing demand for cheaper solvents in the solvent extraction and surfactants market is providing further impetus to the methyl isobutyl ketone market growth. Methyl isobutyl ketone is majorly manufactured with the help of acetone, which aids in producing nearly 60% of the total output.

In the coming years, restrictive regulations in regions like Europe might hinder the growth of the market. The industry might also be affected by the moderate demand growth from major regional markets.

Competitive Landscape

The report gives a detailed analysis of the following key players in the global methyl isobutyl ketone market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Sasol Limited
  • Kumho P&B Chemicals., Inc.
  • Celanese Corporation (NYSE: CE)
  • Shell Chemicals
  • Dow Chemical Company
  • Jilin Nuoxin Chemical Co., Ltd.
  • Mitsui Chemicals Group
  • Solvay Group
  • LCY Chemical Corp.
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on Porter’s five forces model, along with giving a SWOT analysis. The report also provides the price and trade data analysis of the market.

1    Preface
    1.1    Objectives of the Study
        1.1.1    Research Objective
        1.1.2    Key Findings of the Report
2    Research Methodology
    2.1    Data Extraction
    2.2    Data Corroboration
    2.3    Market Structure
    2.4    Assumptions
    2.5    Market Models
3    Introduction
    3.1    Market Outlook
    3.2    Market Scope and Segmentation
    3.3    Additional Insights
4    Executive Summary
    4.1    Key Market Developments
    4.2    Market Analysis
    4.3    Key Players
    4.4    Cost Structure
    4.5    Market Revenue and Growth
5    Market Dynamics
    5.1    Market Driver Analysis
    5.2    Market Restraint Analysis
    5.3    Industry Challenges
    5.4    Industry Opportunities
6    Global Methyl Isobutyl Ketone Market Analysis
    6.1    Figure: Global Methyl Isobutyl Ketone Historical Market (2015-2019) and Forecast (2020-2025)
    6.2    Chart: Global Methyl Isobutyl Ketone Market by Application
        6.2.1    Paints & Coatings
        6.2.2    Rubber Antioxidants
        6.2.3    Solvent Extraction
        6.2.4    Adhesives, Inks
        6.2.5    Surfactants
        6.2.6    Others 
    6.3    Figure: Global Methyl Isobutyl Ketone Market by Application: Historical Market (2015-2019) and Forecast (2020-2025)
        6.3.1    Paints & Coatings
        6.3.2    Rubber Antioxidants
        6.3.3    Solvent Extraction
        6.3.4    Adhesives, Inks
        6.3.5    Surfactants
        6.3.6    Others 
    6.4    Chart: Global Methyl Isobutyl Ketone Market by Region
        6.4.1    North America
            6.4.1.1    United State of America
            6.4.1.2    Canada
        6.4.2    Europe
            6.4.2.1    United Kingdom
            6.4.2.2    Germany
            6.4.2.3    France
            6.4.2.4    Italy
            6.4.2.5    Others
        6.4.3    Asia Pacific
            6.4.3.1    China
            6.4.3.2    Japan
            6.4.3.3    India
            6.4.3.4    ASEAN
            6.4.3.5    Others
        6.4.4    Latin America
            6.4.4.1    Brazil
            6.4.4.2    Argentina
            6.4.4.3    Mexico
            6.4.4.4    Others
        6.4.5    Middle East and Africa
            6.4.5.1    Saudi Arabia
            6.4.5.2    United Arab Emirates
            6.4.5.3    Nigeria
            6.4.5.4    South Africa
            6.4.5.5    Others
    6.5    Figure: Global Methyl Isobutyl Ketone Market by Region: Historical Market (2015-2019) and Forecast (2020-2025)
        6.5.1    North America
            6.5.1.1    United State of America
            6.5.1.2    Canada
        6.5.2    Europe
            6.5.2.1    United Kingdom
            6.5.2.2    Germany
            6.5.2.3    France
            6.5.2.4    Italy
            6.5.2.5    Others
        6.5.3    Asia Pacific
            6.5.3.1    China
            6.5.3.2    Japan
            6.5.3.3    India
            6.5.3.4    ASEAN
            6.5.3.5    Others
        6.5.4    Latin America
            6.5.4.1    Brazil
            6.5.4.2    Argentina
            6.5.4.3    Mexico
            6.5.4.4    Others
        6.5.5    Middle East and Africa
            6.5.5.1    Saudi Arabia
            6.5.5.2    United Arab Emirates
            6.5.5.3    Nigeria
            6.5.5.4    South Africa
            6.5.5.5    Others
7    Global Methyl Isobutyl Ketone Price Analysis
    7.1    North America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    7.2    Europe Historical Price Trends (2015-2019) and Forecast (2020-2025)
    7.3    Asia Pacific Historical Price Trends (2015-2019) and Forecast (2020-2025)
    7.4    Latin America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    7.5    Middle East and Africa Historical Price Trends (2015-2019) and Forecast (2020-2025)
8    Global Trade Analysis (HS Code: 291413)
    8.1    Major Importing Countries: By Value and Volume
    8.2    Major Importing Countries: By Value and Volume
9    Global Methyl Isobutyl Ketone Feedstock Market Outlook
    9.1    Acetone
    9.2    Global Acetone Market Analysis
        9.2.1    Figure: Global Acetone Historical Market (2015-2019) & Forecast (2020-2025)
        9.2.2    Chart: Global Acetone Market Breakup by Application
            9.2.2.1    Solvents
            9.2.2.2    Methyl Methacrylate (MMA)
            9.2.2.3    BPA
            9.2.2.4    Other 
        9.2.3    Chart: Global Acetone Market Breakup by Region
            9.2.3.1    North America
            9.2.3.2    Europe
            9.2.3.3    Asia Pacific
            9.2.3.4    Latin America
            9.2.3.5    Middle East and Africa
    9.3    Global Acetone Price Analysis
        9.3.1    North America Acetone Historical Price Trends (2015-2019) and Forecast (2020-2025)
        9.3.2    Europe Acetone Historical Price Trends (2015-2019) and Forecast (2020-2025)
        9.3.3    Asia Pacific Acetone Historical Price Trends (2015-2019) and Forecast (2020-2025)
        9.3.4    Latin America Acetone Historical Price Trends (2015-2019) and Forecast (2020-2025)
        9.3.5    Middle East and Africa Acetone Historical Price Trends (2015-2019) and Forecast (2020-2025)
    9.4    Global Acetone Trade Data Analysis (HS Code: 291411)
        9.4.1    Major Exporting Countries: By Value and Volume
        9.4.2    Major Importing Countries: By Value and Volume
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Porter’s Five Forces Analysis
    11.1    Overview
    11.2    Buyer’s Power
    11.3    Supplier’s Power
    11.4    New Entrants
    11.5    Degree of Rivalry
    11.6    Substitutes
12    Value Chain Analysis
13    EMR’s Key Indicators for Demand
14    EMR’s Key Indicators for Price
15    Procurement Strategy

    15.1    Engagement Model
    15.2    Sourcing Model 
    15.3    Contract Model
16    Cost Analysis 
    16.1    Cost of Raw Material
    16.2    Utilities
    16.3    Manpower
    16.4    Other Cost
17    Competitive Landscape & Supplier Analysis
    17.1    Sasol Limited
        17.1.1    Company Overview
        17.1.2    Financial Analysis
    17.2    Kumho P&B Chemicals., Inc.
        17.2.1    Company Overview
        17.2.2    Financial Analysis
    17.3    Celanese Corporation
        17.3.1    Company Overview
        17.3.2    Financial Analysis
    17.4    Shell Chemicals
        17.4.1    Company Overview
        17.4.2    Financial Analysis
    17.5    Dow Chemical Company
        17.5.1    Company Overview
        17.5.2    Financial Analysis
    17.6    Jilin Nuoxin Chemical Co., Ltd.
        17.6.1    Company Overview
        17.6.2    Financial Analysis
    17.7    Mitsui Chemicals Group
        17.7.1    Company Overview
        17.7.2    Financial Analysis
    17.8    Solvay Group
        17.8.1    Company Overview
        17.8.2    Financial Analysis
    17.9    LCY Chemical Corp.
        17.9.1    Company Overview
        17.9.2    Financial Analysis
    17.10    Others
18    Events and Developments

Additional Customisations Available:

19    Manufacturing Process
    19.1    Detailed Process Flow
    19.2    Operations Involved
    19.3    Mass Balance
20    Production Cost Analysis
    20.1    Land, Location and Site Development
    20.2    Construction
    20.3    Plant Machinery
    20.4    Cost of Raw Material
    20.5    Packaging
    20.6    Transportation
    20.7    Utilities
    20.8    Manpower
    20.9    Other Capital Investment

The global methyl isobutyl ketone market attained a volume of around 430 thousand metric tons in 2019. It is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 3%. The market is projected to reach a volume of nearly 513 thousand metric tons by 2025.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on application, the market can be divided into paints and coatings, rubber antioxidants, solvent extraction, adhesives and inks, and surfactants, among others. North America, Latin America, Europe, the Middle East and Africa, Europe, and the Asia Pacific are the major regions in the market, with the Asia Pacific accounting for the largest market share of nearly 55%. The major players in the above industry include 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 major drivers of the industry such as rising disposable incomes, increasing population, rising urbanisation, growing construction and automobile industries, and rising rubber antioxidant industry are driving the growth of the market globally. EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with industry insights that are accurate, actionable, and help them remain ahead of their competition.

EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:

  • How has the global methyl isobutyl ketone market performed in the previous years (2015-2019)?
  • What is the forecast assessment of the industry for 2020-2025?
  • What are the major market drivers and constraints?
  • What are the major price and demand indicators of the global methyl isobutyl ketone market?
  • What are the price trends of the product and its feedstock, acetone, in the industry globally?
  • Who are the key manufacturers of the product and its feedstock, acetone, in the global market?
  • What are the import and export trends in the global methyl isobutyl ketone market?
  • Who are the top importers and exporters of the product and its feedstock, acetone, in the industry globally?
  • What is the degree of competition in the global methyl isobutyl ketone market?

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