Methyl Ethyl Ketone Market was valued at USD 1.28 billion in 2020 and is expected to grow at a CAGR of 4% between 2021 and 2027. MEK is a very effective and commonly used solvent. As a solvent, it is used in the manufacturing process of gums, resins, cellulose acetate and nitrocellulose coatings. These processes can be used to manufacture plastics, textiles and paraffin waxes. As consumers, we also often use products containing methyl ethyl ketone in our daily lives, such as cleaners, lacquers, varnishes, paint removers and glues.
Paints and coatings accounted for the largest share of the methyl ethyl ketone market in 2019. It is a high-quality solvent with main properties, well suited for paints, coatings and other applications. Methyl Ethyl ketone chemicals have been used in the United States for decades. In the chemical family of solvents, MEK stands out as one of the more powerful options. Its slow evaporation speed also makes it an excellent option in terms of safe air quality. It is most commonly used in the paint and coating industry and is also used in a wide range of other fields. Methyl Ethyl ketone is widely used as solvent in paint & coating applications because of its properties such as low viscosity, strong payout and high evaporation rate. It is mainly used polyurethane, epoxy, acrylic and polyester coating, due to its properties of miscibility and does not affect hydrocarbons. In many countries, the closure adversely affected the demand for the paint and coating industry.
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Top Major Key Players Industries
Arkema SA
Cetex Petrochemicals
ExxonMobil Corporation
Fushun Petrochemical Company
Idemitsu Kosan Co. Ltd
Ineos Solvents
Maruzen Petrochemical
Nouryon
Royal Dutch Shell plc
Sasol.
By Application
Solvent
Resin
Printing Ink
Adhesive
Other Applications
By End-user Industry
Paints and Coatings
Rubber
Construction
Packaging and Publishing
Other End-user Industries
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Scope of the Report
The research study analyzes the global Warehousing Logistics Robots industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size andor Volume
o Latin America Market Size andor Volume
o Europe Market Size andor Volume
o Asia-Pacific Market Size andor Volume
o Rest of the world Market Size andor Volume
Key Questions Answered by Warehousing Logistics Robots Market Report
What was the Warehousing Logistics Robots Market size in 2018 and 2021; what are the estimated growth trends and market forecast (2021-2027).
What will be the CAGR of Warehousing Logistics Robots Market during the forecast period (2021-2027)
Which segments (product type or applications or end-user) were most attractive for investments in 2018 How these segments are expected to grow during the forecast period (2021-2027).
Which manufacturer vendor or players in the Warehousing Logistics Robots Market was the market leader in 2018
Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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