Global Methyl Ethyl Ketone Market - Increasing Construction Activities to Drive Growth | Technavio
March 13 2018 - 02:06PM
Business Wire
The global methyl ethyl ketone (MEK) market is expected
to grow at a CAGR of close to 5% during the period
2018-2022, according to a new market research study by
Technavio.
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Technavio has published a new market
research report on the global methyl ethyl ketone market from
2018-2022. (Graphic: Business Wire)
The report presents a comprehensive research of the global
methyl ethyl ketone market by application, including paints and
coatings, printing inks, and adhesives. The report also determines
the geographic breakdown of the market in terms of detailed
analysis and impact, which includes key geographies such as APAC,
the Americas, and EMEA.
This report is available at a USD 1,000 discount for a
limited time only: View market snapshot before
purchasing
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Market driver: increasing construction
activities
The global MEK market is propelled by an increase in the
number of construction activities across the globe, particularly in
APAC. MEK acts as an excellent solvent, specifically in the paints
and coatings sector and is widely used in the construction sector.
Regions such as APAC have witnessed growing construction activities
with countries such as India and China at the forefront. APAC has
the presence of four of the emerging and growth-leading economies
in the world including, India, China, and the Philippines.
Furthermore, countries such as Vietnam and Malaysia are considered
as potential markets for the construction industry.
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forecast, drivers, challenges, trends, and more.
Market trend: use of MEK as a non-halogenated solvent in the
process of polymer recovery
The conventional approaches to the recovery of the
polyhydroxyalkanoate (PHA) polymer are still considered the most
practical approaches. But the recovery of PHA from cellular biomass
has led to the use of environmentally and dangerous solvents such
as dichloromethane and chloroform that serve as potential
alternatives. Thus, the global MEK market has witnessed the
increased use of MEK to avoid the use of such dangerous solvents
during the process of PHA recovery. PHA is further used as an
alternative to plastics because of its biodegradability and
physiochemical properties. PHAs also exhibit excellent
biocompatibility and are used to develop materials that find use in
medical applications such as therapeutic composites, sutures, and
artificial organ construction scaffolds.
According to a senior analyst at Technavio
for specialty chemicals research, “The use of MEK as a
non-halogenated solvent has emerged as a promising solution for the
recovery of PHA from bacterial cells, particularly for the recovery
of copolymer poly hydroxybutyrate-co hydroxyvalerate. Though MEK is
not known to solubilize PHAs to the extent as that of chloroform,
it is known to recover a comparable extent of polymer because of
its processing benefits such as low MEK/PHA solution viscosity and
lower density compared to that of cellular components.”
Market challenge: fluctuation in the prices of crude oil
coupled with tightening MEK supply
Crude oil acts as one of the commodities that are highly
volatile as far as its nature of pricing is concerned. As
MEK and other solvents such as toluene are the downstream
derivatives of crude oil, the fluctuation in the prices of crude
oil has a direct impact on both the production of MEK and its
market profitability. The fluctuations in the prices of crude oil
pose a challenge for the manufacturers of crude oil to fix the
prices of the manufactured products.
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version on businesswire.com: http://www.businesswire.com/news/home/20180313006305/en/
Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
+1 844 364 1100UK: +44 203 893 3200www.technavio.com