Methyl Isobutyl Ketone Market to grow at 4% CAGR till 2025: Global
Market Insights Inc.
Methyl Isobutyl Ketone Market driven by growing automotive industry is propelling
tire production demand in the world to surpass USD 800 million by 2025 and will
witness 4% CAGR during the forecast timespan. Escalating construction activities
across the globe is driving the use of solvents in various surface coatings. Methyl
Isobutyl Ketone is extensively used to produce rubber processing chemicals, which
will witness growth owing to the increased automotive sales and tire production.
MIBK is also one of the vital components in the production of insecticides, fertilizers
and other agrochemicals. This will boost the product demand in various emerging
economies such as China, India, Mexico etc., who spend heavily to improve their
agricultural output, directly augmenting the methyl isobutyl ketone (MIBK) market
share in the expected timeframe.
The high toxicity and harsh impacts on human health and the environment may
obstruct the growth of MIBK market size in the near future. Petroleum based MIBKs
are believed to be highly toxic when exposed to the air that can cause mucous
membrane irritations and vulnerable effects on central nervous system in humans.
Methyl Isobutyl Ketone (MIBK) Market
1 | Page