Methyl Isobutyl Ketone (MIBK) Market | Growth, Trends, and Forecast (2020

ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
TABLE OF CONTENTS

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

CAGR:

6.25 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The methyl isobutyl ketone (MIBK) market is expected to register a CAGR of more than 6.25% during the forecast period. Some of the prominent trends that the market is increasing demand for MIBK in the synthesis of anti-ozonant additive for rubber.

Increasing demand for solvents for rubber processing chemicals in Asia and growing demand for surface coatings are likely to hinder the market’s growth.
Increasing awareness about toxic effects of MIBK on environment is expected to act as an opportunity for the market.

Scope of the Report

The methyl isobutyl ketone (MIBK) market report includes:

Application
		Solvents
		Rubber Processing Chemicals
		Surfactants
		Denaturant
		Other Applications

End-user Industry
		Paints and Coatings
		Pharmaceuticals
		Rubber
		Other End-user Industry

Geography

Asia-Pacific
	China
	India
	Japan
	South Korea
	Rest of Asia-Pacific

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	Italy
	France
	Rest of Europe

South America
	Brazil
	Argentina
	Rest of South America

Middle East & Africa
	Egypt
	South Africa
	Rest of Middle East & Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Increasing Demand from Paints and Coatings Industry

Methyl Isobutyl Ketone (MIBK) is a medium evaporating solvent. It is an active solvent for various synthetic resins, including cellulosic, vinyl copolymers, acrylics, alkyds, polyesters, and epoxies.
It is very useful in developing high solids coatings used for automotive applications because of its possessing combined characteristics of the high solvent activity and low density.
In the automotive sector, methyl isobutyl ketone (MIBK) is used for manufacturing automotive chemicals, such as protective paints and coatings, that are further used in exterior parts of the vehicle, to add a pleasant appeal to vehicles. They are also used in metallic parts and plastic vehicle components of both interior and exterior types.
Automotive coatings are used as protection against sunlight, material corrosiveness, and environmental effects, such as acid rain, hot-cold shocks, stone chips, UV radiation, car washing, and blowing sand, among others.
Over a period, various companies have produced different and new variants in coatings, such as heat and anti-reflective coating, electro-chromatic and smart coatings for windows, self-cleaning topcoats, UV curable, powder coating system, iridescent and color-changing base coat, and abrasion-resistant coatings for headlamps, among others.
All the aforementioned factors, in turn, are expected to drive the Methyl Isobutyl Ketone (MIBK), over the forecast period.

To understand key trends, Download Sample Report

Saudi Arabia to Dominate the Middle East Region

Saudi Arabia is a crude oil-dependent economy. It is one of the largest oil-producing countries, globally. The country witnessed growth at a rate of -0.7% in 2017, in terms of GDP, which increased to 2.2% in 2018, due to higher crude oil prices and favorable geopolitical factors.
On a country-by-country basis, Saudi Arabia is by far the largest national market, accounting for nearly half of the total demand for paints and coatings in the Middle Eastern region.
The country has generated large-scale projects worth USD 800 billion to boost its infrastructure in the coming years. The government has expansive plans for the development of social infrastructure, transportation, and energy and utility construction in the country.
The country’s primary growth in construction has been largely powered by the massive investments done by the government and increased inflow of FDI. Few major construction projects are as follows: Jubail II, Makkah Grand Mosque Redevelopment amongst others.
The other major end-user industry is automotive. The country is focusing on establishing itself as the new automotive hub in the Middle East. Though the country is a large importer of vehicles and auto parts, it is now trying to attract original equipment manufacturers (OEMs) to open their production plants in the country to develop the domestic auto industry.
Furthermore, the country is experiencing a steady growth in new car sales, with the market expecting to reach one million units by 2020, growing at a rate of 6.7%.

To understand geography trends, Download Sample Report.

Competitive Landscape

The methyl isobutyl ketone (MIBK) market is partially consolidated, with few players holding the major share in the market. Key players in the methyl isobutyl ketone (MIBK) market include Royal Dutch Shell, Sasol, Dow, Celanese Corp., Mitsui Chemical, and Kumho P&B, among others.

Major Players

You can also purchase parts of this report. Do you want to check out a section wise price list?

1. INTRODUCTION
1. 1.1 Study Deliverables
2. 1.2 Study Assumptions
3. 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
1. 4.1 Drivers
  1. 4.1.1 Increasing Demand for MIBK in the Synthesis of Anti-ozonant Additive for Rubber
  2. 4.1.2 Increasing Demand for Solvents for Rubber Processing Chemicals in Asia
  3. 4.1.3 Increasing Demand for Surface Coatings
2. 4.2 Restraints
  1. 4.2.1 Increasing Awareness about Toxic Effects of MIBK on Environment
3. 4.3 Industry Value-Chain Analysis
4. 4.4 Porter's Five Forces Analysis
  1. 4.4.1 Bargaining Power of Suppliers
  2. 4.4.2 Bargaining Power of Consumers
  3. 4.4.3 Threat of New Entrants
  4. 4.4.4 Threat of Substitute Products and Services
  5. 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
1. 5.1 Application
  1. 5.1.1 Solvents
  2. 5.1.2 Rubber Processing Chemicals
  3. 5.1.3 Surfactants
  4. 5.1.4 Denaturant
  5. 5.1.5 Other Applications
2. 5.2 End-user Industry
  1. 5.2.1 Paints and Coatings
  2. 5.2.2 Pharmaceuticals
  3. 5.2.3 Rubber
  4. 5.2.4 Other End-user Industry
3. 5.3 Geography
  1. 5.3.1 Asia-Pacific
    1. 5.3.1.1 China
    2. 5.3.1.2 India
    3. 5.3.1.3 Japan
    4. 5.3.1.4 South Korea
    5. 5.3.1.5 Rest of Asia-Pacific
  2. 5.3.2 North America
    1. 5.3.2.1 United States
    2. 5.3.2.2 Canada
    3. 5.3.2.3 Mexico
  3. 5.3.3 Europe
    1. 5.3.3.1 Germany
    2. 5.3.3.2 United Kingdom
    3. 5.3.3.3 Italy
    4. 5.3.3.4 France
    5. 5.3.3.5 Rest of Europe
  4. 5.3.4 South America
    1. 5.3.4.1 Brazil
    2. 5.3.4.2 Argentina
    3. 5.3.4.3 Rest of South America
  5. 5.3.5 Middle East & Africa
    1. 5.3.5.1 Egypt
    2. 5.3.5.2 South Africa
    3. 5.3.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
2. 6.2 Market Share Analysis**
3. 6.3 Strategies Adopted by Leading Players
4. 6.4 Company Profiles
  1. 6.4.1 Arkema Group
  2. 6.4.2 Carboclor
  3. 6.4.3 Celanese Corp.
  4. 6.4.4 Dow
  5. 6.4.5 Jinzhou Liulu
  6. 6.4.6 KH Neochem
  7. 6.4.7 Kumho P&B
  8. 6.4.8 Mitsui Chemical
  9. 6.4.9 Monument Chemical
  10. 6.4.10 Royal Dutch Shell Plc
  11. 6.4.11 Sasol
  12. 6.4.12 Sigma-Aldrich
  13. 6.4.13 Solvay
  14. 6.4.14 Zhongneng Petrochemical

*List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS
1. 7.1 Increasing Investments in Infrastructure and Road Connectivity
2. 7.2 Other opportunities

** Subject to Availability