Market Research Global Methyl Isobutyl Carbinol Market Analysis

The MEK market is expected to register a CAGR of 4.25% during the forecast period, majorly
due to the increasing demand for paints and coatings, owing to various constructional activities
across the globe.
Growing Demand for Paints and Coatings
Investments in the transportation sector in China have increased over the past few years. Chinas
transport ministry and National Development and Reform Commission (NDRC) had planned to
invest USD 724 billion between 2016-2018 for constructing 303 key transportation projects,
which include railways, highways, waterways, airports, and urban rail. The construction industry
in Qatar is forecast to experience high growth, as the government spent USD 200 billion in 2017,
as part of major infrastructure investment scheme, resulting in increased demand for paints and
coatings. This high growth in infrastructure, automotive, and industrial activities is expected to
drive the growth of the MEK market.
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carbinol-market-size-share-trends-and-forecast-2018-2023/inquiry
The Construction Sector is Expected to have The Highest Market Share
The global construction industry growth has stabilized in 2016, upended at 2.4%, though the
market is expected to improve over the next few years at an average growth rate between 2.8 -
3%. The expected economic growth of the major economies is likely to reflect its positive trend
on almost every essential industry. The US construction industry is likely to project relatively
stable growth over the forecast period, braced by the upswing in the residential sector. Reflecting
the extent of the downturn in the United States in real terms, the construction industry is
expected to return to the pre-crisis level by 2021. The Eastern European construction industry is
expected to be relatively weak over the forecast period, compared to other regions in the world.
However, with growth in the construction sector, the demand for MEK is expected to increase
accordingly.
Asia-Pacific is the Most Dominating Region
In 2017, Asia-Pacific was the leading consumer of market, followed by Europe and North
America. The demand in Asia-Pacific primarily driven by demand of paints & coatings by
construction and manufacturing sectors. Increasing construction spending by governments
particularly in India and China to meet the rising infrastructure needs has been driving the
construction industry growth which in turn is anticipated to drive demand for adhesives, printing
inks, plastics, paints, and coatings demand.
Key Developments in the Market
April 2017: ExxonMobil Chemical Company expanded the capacity of its global hydrocarbon
fluid assets by more than 250,000 metric ton per year, at its world-scale petrochemical sites in
Antwerp, Belgium; Baytown, Texas; and Jurong Island, Singapore.
August 2017: The price of MEK may spike in Asia due to limited supply and the likeliness of
regional suppliers to divert cargoes to Europe
Major Players: Arkema S.A., ExxonMobil Chemical, Shell Chemicals, Maruzen Petrochemical
Co. Ltd, and Sasol Solvents, amongst others.
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