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Global Methyl Isobutyl Ketone Market: By Application: Paints and Coatings, Rubber Antioxidants, Solvent Extraction, Adhesives and Inks, Surfactants, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments
Global Methyl Isobutyl Ketone Market Outlook
The global methyl isobutyl ketone market demand reached a volume of nearly 430 thousand metric tons in 2020. The demand for the product is expected to grow at a CAGR of 3% in the forecast period of 2022-2027 to reach a volume of around 513 thousand metric tons by 2026.
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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.
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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 (2017-2021) and forecast (2022-2027) periods.
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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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Region |
| Breakup by Application | Paints & Coatings, Rubber Antioxidants, Solvent Extraction, Adhesives, Inks, Surfactants, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Sasol Limited, Kumho P&B Chemicals., Inc., Celanese Corporation, Shell Chemicals, Dow Chemical Company, Jilin Nuoxin Chemical Co., Ltd., Mitsui Chemicals Group, Solvay Group, LCY Chemical Corp., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Methyl Isobutyl Ketone Market Analysis
8.1 Key Industry Highlights
8.2 Global Methyl Isobutyl Ketone Historical Market (2017-2021)
8.3 Global Methyl Isobutyl Ketone Market Forecast (2022-2027)
8.4 Global Methyl Isobutyl Ketone Market by Application
8.4.1 Paints and Coatings
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Rubber Antioxidants
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.3 Solvent Extraction
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2017-2021)
8.4.3.3 Forecast Trend (2022-2027)
8.4.4 Adhesives and Inks
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2017-2021)
8.4.4.3 Forecast Trend (2022-2027)
8.4.5 Surfactants
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2017-2021)
8.4.5.3 Forecast Trend (2022-2027)
8.4.6 Others
8.5 Global Methyl Isobutyl Ketone Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis (HS Code: 291413)
12.1 Major Exporting Countries:
12.1.1 By Value
12.1.2 By Volume
12.2 Major Importing Countries
12.2.1 By Value
12.2.2 By Volume
13 Price Analysis
13.1 North America Historical Price Trends (2017-2021) and Forecast (2022-2027)
13.2 Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
13.3 Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
13.4 Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
13.5 Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
14 Feedstock Analysis
14.1 Global Acetone Market Analysis
14.1.1 Key Industry Highlights
14.1.2 Global Acetone Historical Market (2017-2021)
14.1.3 Global Acetone Market Forecast (2022-2027)
14.1.4 Global Acetone Market Breakup by Application
14.1.4.1 Solvents
14.1.4.2 Methyl Methacrylate (MMA)
14.1.4.3 BPA
14.1.4.4 Others
14.1.5 Global Acetone Market Breakup by Region
14.1.5.1 North America
14.1.5.2 Europe
14.1.5.3 Asia Pacific
14.1.5.4 Latin America
14.1.5.5 Middle East and Africa
14.2 Feedstock Trade Data Analysis (HS Code: 291411)
14.2.1 Major Exporting Countries:
14.2.1.1 By Value
14.2.1.2 By Volume
14.2.2 Major Importing Countries
14.2.2.1 By Value
14.2.2.2 By Volume
14.3 Acetone Price Analysis
14.3.1 North America Historical Price Trends (2017-2021) and Forecast (2022-2027)
14.3.2 Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
14.3.3 Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
14.3.4 Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
14.3.5 Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Kumho P&B Chemicals., Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Royal Dutch Shell
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Celanese Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 LCY Group
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Mitsui Chemicals, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Solvay S.A.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Others
16 Industry Events and Developments
List of Figures and Tables
1. Global Methyl Isobutyl Ketone Market: Key Industry Highlights, 2017 and 2027
2. Global Methyl Isobutyl Ketone Historical Market: Breakup by Application (Thousand Metric Tons), 2017-2021
3. Global Methyl Isobutyl Ketone Market Forecast: Breakup by Application (Thousand Metric Tons), 2022-2027
4. Global Methyl Isobutyl Ketone Historical Market: Breakup by Region (Thousand Metric Tons), 2017-2021
5. Global Methyl Isobutyl Ketone Market Forecast: Breakup by Region (Thousand Metric Tons), 2022-2027
6. North America Methyl Isobutyl Ketone Historical Market: Breakup by Country (Thousand Metric Tons), 2017-2021
7. North America Methyl Isobutyl Ketone Market Forecast: Breakup by Country (Thousand Metric Tons), 2022-2027
8. Europe Methyl Isobutyl Ketone Historical Market: Breakup by Country (Thousand Metric Tons), 2017-2021
9. Europe Methyl Isobutyl Ketone Market Forecast: Breakup by Country (Thousand Metric Tons), 2022-2027
10. Asia Pacific Methyl Isobutyl Ketone Historical Market: Breakup by Country (Thousand Metric Tons), 2017-2021
11. Asia Pacific Methyl Isobutyl Ketone Market Forecast: Breakup by Country (Thousand Metric Tons), 2022-2027
12. Latin America Methyl Isobutyl Ketone Historical Market: Breakup by Country (Thousand Metric Tons), 2017-2021
13. Latin America Methyl Isobutyl Ketone Market Forecast: Breakup by Country (Thousand Metric Tons), 2022-2027
14. Middle East and Africa Methyl Isobutyl Ketone Historical Market: Breakup by Country (Thousand Metric Tons), 2017-2021
15. Middle East and Africa Methyl Isobutyl Ketone Market Forecast: Breakup by Country (Thousand Metric Tons), 2022-2027
16. Major Importing Countries by Volume
17. Major Exporting Countries by Volume
18. Major Importing Countries by Value
19. Major Exporting Countries by Value
20. North America Methyl Isobutyl Ketone Historical Price Trends and Forecast 2017-2027
21. Europe Methyl Isobutyl Ketone Historical Price Trends and Forecast 2017-2027
22. Asia Pacific Methyl Isobutyl Ketone Historical Price Trends and Forecast 2017-2027
23. Latin America Methyl Isobutyl Ketone Historical Price Trends and Forecast 2017-2027
24. Middle East and Africa Methyl Isobutyl Ketone Historical Price Trends and Forecast 2017-2027
25. Global Acetone Market: Key Industry Highlights, 2017 and 2027
26. Global Acetone Historical Market: Breakup by Application (Thousand Metric Tons), 2017-2021
27. Global Acetone Market Forecast: Breakup by Application (Thousand Metric Tons), 2022-2027
28. Global Acetone Historical Market: Breakup by Region (Thousand Metric Tons), 2017-2021
29. Global Acetone Market Forecast: Breakup by Region (Thousand Metric Tons), 2022-2027
30. Feedstock: Major Importing Countries by Volume
31. Feedstock: Major Exporting Countries by Volume
32. Feedstock: Major Importing Countries by Value
33. Feedstock: Major Exporting Countries by Value
34. North America Acetone Historical Price Trends and Forecast 2017-2027
35. Europe Acetone Historical Price Trends and Forecast 2017-2027
36. Asia Pacific Acetone Historical Price Trends and Forecast 2017-2027
37. Latin America Acetone Historical Price Trends and Forecast 2017-2027
38. Middle East and Africa Acetone Historical Price Trends and Forecast 2017-2027
39. Global Methyl Isobutyl Ketone Market Structure
Analyst Review
The global methyl isobutyl ketone market attained a volume of around 430 thousand metric tons in 2020. It is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 3%. The market is projected to reach a volume of nearly 513 thousand metric tons by 2026.
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 (2017-2021)?
- What is the forecast assessment of the industry for 2022-2027?
- 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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