Methyl Isobutyl Ketone (MIBK) Industry Analysis, Competition landscape and growth opportunity up to 2025

on

04th December 2018: Methyl Isobutyl Ketone (MIBK) is an organic compound. This compound has particular features such as it is clear, colorless, has pleasant odor, is very flammable with high vapor pressure, and can be widely utilized as a solvent. Methyl Isobutyl Ketone is utilized as a solvent for manufacturing pharmaceuticals, paints, rubber, chemicals, etc. As it has a pleasant odour it is also used in fragrance and flavor industry. Moreover, it is utilized as a dry cleaning agent.
Some of the important attributing features for its utility are low density, excellent solvent activity, high dilution ratio, low surface tension, low water miscibility, medium evaporation rate, readily biodegradable, etc. The factors that propel the growth of the global Methyl Isobutyl Ketone Market Size include its wide ranging application as an outstanding solvent for general industrial coating, process solvents like fungicides and germicide synthesis, automotive coating, automotive refinish coating, etc.
On the other hand, there are also factors that hamper the growth of the global Methyl Isobutyl Ketone Market Size such as environment-related issues and adverse health effects. For instance, Methyl Isobutyl Ketone may cause moderate eye irritation, low toxicity if consumed. Excessive exposure may give rise to irritation to upper respiratory tract, nausea, dizziness, etc. In case of environment, Methyl Isobutyl Ketone may form explosive peroxides with exposure to air.
The global Methyl Isobutyl Ketone Market Size is classified on the basis of application, end-user, and geography. On the basis of application, the global Methyl Isobutyl Ketone Market Size spans Solvent, Rubber Chemicals, Surfactants, Insecticides and others. The Solvent segment comprises Automotive & Marine Coatings, Construction Coatings, and Wood Coatings.
Amongst the applications, the “Solvent” application segment held a major share of the global Methyl Isobutyl Ketone Market Size in 2015. The factors that attribute to the major share of the solvent application include its wide utility in automobile, building & construction, etc. Additionally, its high demand and usage for surface coatings and paints has significantly propelled the growth of the market. On the basis of end-user, the global Methyl Isobutyl Ketone Market Size comprises Marine, Building & Construction, Automotive, Crop Protection, and others.
Some of the prominent players that fuel the growth of the global Methyl Isobutyl Ketone Market Size include The Dow Chemical Company, Royal Dutch Shell Plc, Kumho P&B, Lee Chang Yung Chemical, Celanese Corporation, Eastman Chemical Company, Mitsubishi Chemical Holdings Corporation, and Mitsui Chemicals, Inc. 

Comments

Post a Comment