At 4% gains, Methyl Isobutyl Ketone Market to cross $800 million by 2025

Key methyl isobutyl ketone (MIBK) market competitors include Arkema Group, The Dow Chemical Company, Royal Dutch Shell, Sasol, Mitsubishi Chemicals, Kumho P&B Chemicals Inc., Mitsui Chemicals, Celanese Corporation, Eastman Chemical Company, LCY Group and Jilin Chemicals.

The methyl isobutyl ketone market will depict exponential growth over the coming years on account of diverse application in end-user industries. Proliferation in the automotive and construction industries across developing economies will push product demand. In addition, growing focus on deploying effective insecticides and pesticides across large scale agricultural fields to mitigate crop loss will also supplement market growth. By the end of 2025, methyl isobutyl ketone (MIBK) market size will surpass USD 800 million, claim experts.

Endowed with a profound application landscape spanning automotive, construction, chemicals and pharmaceutical sectors, methyl isobutyl ketone market has procured commendable proceeds in the last few decades. The product is used as a chemical intermediate solvent for the manufacturing of paints, rubber, medicines, industrial cleaners and other chemicals. It is extremely efficient in dissolving resins used in inks, paints, lacquers and other surface coatings, and is also used as an extractant for antibiotics and other pharmaceutical products. Additionally, MIBK is used as a rubber processing chemical for the production of tyres for automotive vehicles.

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Based on applications, the MIBK market is segmented into solvent, extraction solvent, rubber processing chemical, surfactants and other minor applications such as denaturant, insecticides, fertilizers etc. Rubber processing chemicals segment is anticipated to grow at a significant rate to surpass USD 90 million till the end of 2025. The rapid growth in the drift towards radial tires, the application of MIBK as a solvent in the amalgamation of anti-ozonant additives and rubber is likely to fuel the methyl isobutyl ketone market in the coming years.

Based on revenue, agrochemicals recorded a substantial share among the end-use industries growing with a CAGR over 3.5% by 2025. Methyl isobutyl ketone is widely used in manufacturing insecticides that control garden insects and various fertilizers to keep the crops safe before harvest. Moreover, it is also an extraction solvent for antibiotics and pharmaceutical products owing to its high solvency and excellent stability.

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With rapid surge in industrialization, the Asia Pacific methyl isobutyl ketone market is expected to witness high product demand from end-user sectors like agrochemicals, automobiles and rubber industries. The progress is mainly slated to be showcased across emerging markets like China, India and South Korea where growing production and sales/export of automotive products such as rubber tyres have surged significantly over the past few years.

In addition to the automotive sector, the methyl isobutyl ketone market has also garnered significant gains in the agrochemical space. The product is increasingly used in the production of insecticides and pesticides, that are commonly utilized across large scale commercial agricultural fields.

Browse key industry insights spread across 253 pages with 371 market data tables & 22 figures & charts from the report, “Methyl Isobutyl Ketone (MIBK) Market Size By Application (Solvent, Extraction Solvent, Rubber Processing Chemical, Surfactants), By End-use industry (Paints & coatings, Pharmaceuticals, Automotive, Agrochemicals), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, The Netherlands, Italy, China, India, Japan, South Korea, Indonesia, Malaysia, Brazil, Mexico, Saudi Arabia, UAE, Kuwait, South Africa), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/methyl-isobutyl-ketone-market

Table of Contents (ToC) of the report:
Chapter 5. Methyl Isobutyl Ketone (MIBK) Market, By End-use Industry
5.1. Global MIBK market insights by end-use industry
5.2. Paints & coatings
5.2.1. Market estimates and forecasts, 2014 – 2025
5.2.2. Market estimates and forecasts by region, 2014 – 2025
5.3. Pharmaceuticals
5.3.1. Market estimates and forecasts, 2014 – 2025
5.3.2. Market estimates and forecasts by region, 2014 – 2025
5.4. Automotive
5.4.1. Market estimates and forecasts, 2014 – 2025
5.4.2. Market estimates and forecasts by region, 2014 – 2025
5.5. Agrochemicals
5.5.1. Market estimates and forecasts, 2014 – 2025
5.5.2. Market estimates and forecasts by region, 2014 – 2025
5.6. Others (marine, building & construction etc.)
5.6.1. Market estimates and forecasts, 2014 – 2025
5.6.2. Market estimates and forecasts by region, 2014 – 2025
Browse Full Table of Contents (ToC) @ https://www.gminsights.com/toc/detail/methyl-isobutyl-ketone-market

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