Methyl Ethyl Ketone (MEK) Market Driver Analysis, Industry
Growing Factors, Revenue Outlook 2024
“Methyl Ethyl Ketone (MEK) Market was valued at USD 2.56 billion in 2015 and
is anticipated to reach USD 4.01 billion by 2024. Methyl-ethyl-ketone (MEK) is
a colourless and a harsh smelling carbon-based compound. It is commonly
identified as butanone.”
Industry Insights
The global Methyl Ethyl Ketone (MEK) Market was valued at USD 2.56 billion in 2015 and is anticipated to reach
USD 4.01 billion by 2024. Methyl-ethyl-ketone (MEK) is a colourless and a harsh smelling carbon-based
compound. It is commonly identified as butanone. It is characterized by outstanding chemical properties
including high viscosity, low boiling point, high solvency and high evaporation rate owing to which it is used as
a solvent across several applications. This liquid has a sweet smell indicated the presence of acetone and
butterscotch, hence is produced on a large scale in the industries. Photo-oxidation of air pollutants such as
hydrocarbons and butane results in the form of MEK. It is widely used in industrial applications as it is easily
soluble in water. The primary usage of MEK is as a solvent in processes involving gums cellulose acetate, resins
and cellulose nitrate. Other end use applications where MEK is used include domestic products such as lacquer
and varnishes, synthetic rubber, paraffin wax and glues as well as paint remover. MEK is a liquid solvent used in
chemical intermediates, adhesives, printing inks, magnetic tapes and lube oil dewaxing processes. Solvent is
suitable for surface coatings that help in reducing emissions from its highly efficiency and versatility. It is used
in chemical manufacturing, particularly for drugs and cosmetics. Other uses of MEK include surgical instruments
sterilization and vegetable oil extraction. MEK market is expected to be driven in the foreseeable future by its
widespread use in industrial sectors including feedstock and intermediate chemical applications such as
additives in furniture polishes, rubber based cement, pharmaceuticals and PVC piping applications. MEK is acts
as a natural component in foods, a wide assortment of cheeses, beans, honey, chicken and apple juice.
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