Methyl ethyl ketone (MEK) - Market dynamics
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 colorless 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.
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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.
The Methyl Ethyl Ketone (MEK) Market report focuses on global major leading industry players providing information such as company profiles, product specification, price, cost, revenue and contact information.The compound is used as a solvent in various applications and primarily in paints& coatings and printing inks owing to its properties such as low boiling points and low viscosity. Other applications include rubber-based industrial cement, textiles, plastics, cleaning agents and PVC piping. In the pharmaceutical industry, MEK is used in resins and thinners that are applied as lacquers/solvents. In addition, MEK peroxides are used as a catalytic agent in the polymerization process of polyester resins. Global demand for MEK is driven by the rising demand for paints and coatings from furniture, automobile and infrastructural industries.
The higher solvency and lower density of ketones compared to the corresponding ester substitutes contribute to reduced VOC content just by changing to ketone solvents such as MEK. Owing to the dual functionality, MEK has slow evaporation rate, complete solubility in water and high solvent strength which gives it a unique advantage as a solvent in water-based coatings.
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