Methyl Isobutyl Ketone Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026

Report Code: CMR 73405 Report Format: PDF + Excel

Overview

Methyl Isobutyl Ketone Market is forecast to reach $750.94 Million by 2025, after growing at a CAGR of 4.25% during 2020-2025. The thriving global automotive industry has increased demand for rubber manufacturing solvents and surface coatings chemicals that increased the industry's consumer demand. Additionally, increasing construction expenditure has increased the use of methyl isobutyl ketone (MIBK) in the form of solvents and paint & coatings extraction solvents.

Report Coverage

The “Methyl Isobutyl Ketone Market report – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Methyl Isobutyl Ketone Market.


         

Key Takeaways

  • The shift to the bio-based substitute will stimulate product demand to increase the market size of methyl isobutyl ketone over the projected period.
  • MIBKs based on petroleum are assumed to be highly toxic when exposed to air that can cause mucous membrane irritation and fragile effects on the human central nervous system will hamper the market growth.
  • Methyl isobutyl ketone is widely used in the production of insecticides that control insects in the garden and various fertilizers in order to keep crops safe before harvest.
  • In addition, due to its high solvency and excellent stability, it is also an extraction solvent for antibiotics and pharmaceutical products.

Application - Segment Analysis

Rubber Processing Chemicals segment held the largest share in the Methyl Isobutyl Ketone Market is growing at a CAGR 5.07%. MIBK's large use as a solvent in nearly 40 industrial applications is expected during the forecast period to support market growth. It is used in the de-waxing and de-oiling of rubber products as a denaturant in many ethanol formulations and as an extractive agent. With increased construction activities in developing economies, the increasing demand for surface coatings is likely to affect market growth. The booming global automotive industry has led to increased use of solvents for chemical surface coatings and rubber processing chemicals, resulting in increased use of MIBK in the automotive industry.

End-Use Industry - Segment Analysis

Paints and Coatings sector has been the primary market for Methyl Isobutyl Ketone for many years. It is used as chemical intermediate and as a solvent and is very efficient at dissolving resins and paints, other types of surface coatings.

Geography - Segment Analysis

APAC dominated the Methyl Isobutyl Ketone Market share with more than 23%, followed by North America and Europe. The growing demand from end-use industries, including construction, automobiles, and agrochemicals. Due to increased automotive production and sales, demand for methyl isobutyl ketone is projected to increase in developing countries such as China, India, and Malaysia. In addition, encouraging the availability of cheap labour costs, raw materials, and implementing new production strategies to meet the demand for methyl isobutyl ketone in the rising applications are key factors in regional market growth.

Drivers – Methyl Isobutyl Ketone Market

  • Bio-based MIBK is expected to have the Highest Growth

Exposure to synthetic MIBK in close proximity to the material can have a serious impact on the environment and inhabitants. This factor is anticipated during the forecast period to fuel the global demand for bio-based MIBK. Compared to the petroleum-based method, the cost of the bio-based MIBK processing method is less. In the case of spillage during transport and storage, petroleum-based MIBK may also form explosive peroxides when exposed to air. Therefore, for a number of industries, the adoption of bio-based MIBK is considered both an economic and an ecologically viable option. The bio-based MIBK is expected to gradually replace the MIBK based on petroleum by 2024 to a large extent.

 Challenges – Methyl Isobutyl Ketone Market

  • Increasing Awareness about Toxic Effects of MIBK on Environment

Because of its high toxicity level, most regulatory bodies around the globe impose strict regulations and guidelines on MIBK production. Although its negative effects on the environment and human health, on the other hand, have resulted in increased adoption of bio-based methyl isobutyl ketone. MIBK was subject to further restrictions on 28 March 2014, when it was added to the Proposition 65 list of chemicals reported to the State of California by the Office of Environmental Health Hazard Assessment (OEHHA). MIBK's listing in Proposition 65 had not yet had a significant impact on its use as of May 2018.

 Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Methyl Isobutyl Ketone Market. In 2018, the market of Methyl Isobutyl Ketone has been consolidated by the top five players accounting for xx% of the share. Major players in the Methyl Isobutyl Ketone Market are Royal Dutch Shell, The Dow Chemical Company, Sasol, Kumho P&B Chemicals Inc., Mitsubishi Chemicals, Arkema Group, Sigma-Aldrich, Celanese Corporation, Mitsui Chemicals, Eastman Chemical Company, Lee Chang Yung Chemical, Jilin Chemicals, LCY Group, among others.

Acquisitions/Technology Launches

  • In November 2017, a South Korean chemical firm was hit with anti-dumping tariffs by China's Commerce Ministry, for its exports of methyl isobutyl ketone (MIBK).
  • In August 2017, a fire and power outage at Europe’s largest refinery, Pernis in the Netherlands, has resulted in the shutdown of MIBK plant.

1. Methyl Isobutyl Ketone Market - Overview
        1.1 Definitions and Scope
2. Methyl Isobutyl Ketone Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Methyl Isobutyl Ketone Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Methyl Isobutyl Ketone Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Methyl Isobutyl Ketone Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Methyl Isobutyl Ketone Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Methyl Isobutyl Ketone Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Methyl Isobutyl Ketone Market - By Product Type (Market Size -$Million / $Billion)
9. Methyl Isobutyl Ketone Market - By End-user Industry (Market Size -$Million / $Billion)
9.1 Paints and Coatings
9.2 Pharmaceuticals
9.3 Automotive
9.4 Rubber
9.5 Others
10. Methyl Isobutyl Ketone - By Application (Market Size -$Million / $Billion)
10.1 Solvents
10.2 Rubber Processing Chemicals
10.3 Surfactants
10.4 Denaturant
10.5 Others
11. Methyl Isobutyl Ketone- By Geography (Market Size -$Million / $Billion)
        11.1 Methyl Isobutyl Ketone Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Methyl Isobutyl Ketone- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Methyl Isobutyl Ketone- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Methyl Isobutyl Ketone - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong Kong
                  11.8.5.9 Rest of APAC
        11.9 Methyl Isobutyl Ketone - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Methyl Isobutyl Ketone Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Methyl Isobutyl Ketone Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at the global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Methyl Isobutyl Ketone Market - Key Company List by Country Premium
15. Methyl Isobutyl Ketone Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Arkema
        15.3 Carboclor
        15.4 Celanese Corp
        15.5 Dow Dupont
        15.6 Jinzhou Liulu
        15.7 Kh Neochem
        15.8 Kumho Pb
        15.9 Mitsubishi Chemical Corp
        15.10 Mitsui Chemical
        15.11 Monument Chemical
        15.12 Reliance Industry
        15.13 Royal Dutch Shell
        15.14 Sasol
        15.15 Sigma-Aldrich
        15.16 Solvay
        15.17 Zhongneng Petrochemical
        15.18 Company 17
        15.19 Company 18 & More
*Financials would be provided on a best efforts basis for private companies
16. Methyl Isobutyl Ketone Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Methyl Isobutyl Ketone Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends