Methyl Isobutyl Ketone Market Rise to US$1,572.3 mn by 2024 | TMR | Page 2

Methyl Isobutyl Ketone Market
REPORT DESCRIPTION
Methyl Isobutyl Ketone Market (Application - Solvent, Rubber
Processing Chemicals, Surfactants, and Insecticides; End User -
Marine, Building and Construction, Automotive, and Crop
Protection) - Global Industry Analysis, Size, Share, Growth, Trends,
and Forecast 2016 – 2024
The vendor landscape of the global methyl isobutyl ketone market is largely consolidated, with top
five companies accounting for more than 55% of the overall market, notes a recent market study by
Transparency Market Research. These are Shell Chemicals, Celanese Corporation, LCY Chemical
Corp., Kumho P&B Chemicals Inc., and The Dow Chemical Company. With a strong distribution and
sales network, top companies in the market have been able to reach out to customers globally
resulting in a low to medium degree of competition in the market. In a bid to strengthen their position,
production of bio-based methyl isobutyl ketone (MIBK) is the focus of top companies and to expand
their product portfolio as well.
The global methyl isobutyl ketone market is expected to expand at a CAGR of 7.5% between 2016
and 2024 for the valuation of the market to increase from US$827.4 to US$1,572.3 mn between 2015
and 2024.
Browse Market Research Report @
http://www.transparencymarketresearch.com/methyl-isobutyl-ketone.html
Steady Demand from Automotive Industry for Rubber Chemical and Solvent Applications Key
to Growth
By application, the solvent segment held the leading share of the methyl isobutyl ketone market in
2015 and is expected to maintain its dominance throughout the forecast period. This is because the
high growth of the automotive industry has benefitted the growth of MIBK market due to the increased
demand for solvents for rubber processing chemicals and surface coatings. Over the coming years,
the demand for MIBK across the automotive industry is anticipated to be highly influential for the
growth of the global MBK market.
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Transparency Market Research