The latest market report published by Credence Research, Inc. “Methyl Isobutyl Ketone Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The methyl isobutyl ketone market generated revenue of around USD 695.2 billion in 2021 and is anticipated to grow a CAGR of over 3.90% during the forecast period from 2022 to 2028 to reach around USD 874.58 billion in 2028.
The increasing use in the production of cosmetic and personal care products is driving market growth. The growing demand for the methyl isobutyl ketone market in the automotive industry is rapidly increasing due to its highly suitable rubber chemical solvents used in rubber production for tires, and it is also used for metal parts. Plastic components of the car’s interior and exterior are the major driving factors for the global methyl isobutyl ketone market. Additionally, the construction industry’s rapid industrialization is expected to boost the methyl isobutyl ketone market.
The methyl isobutyl ketone market is bifurcated into the end-use industry, application, and geography. Based on the end-use industry, the market is categorized into automotive, paint and coatings, cosmetics, agrochemicals and others. Based on application, the global methyl isobutyl ketone market is segmented into rubber processing, surfactants, pesticides, and others. Based on geography, the market is segmented as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
In 2021, Asia Pacific will be the largest contributor to the global methyl isobutyl ketone market. Regarding production and sales, India and China are the developed countries expected to demand the methyl isobutyl ketone market. The Asia-Pacific Methyl Isobutyl Ketone market has grown due to increasing industrialization and construction. In addition, these factors, such as affordable raw materials, low labor costs, and the development of new applications, such as automobiles and rubber processing, meet the demand. These growing applications are driving market growth in this region.
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Methyl Isobutyl Ketone Market Scope
Report Attribute
Details
Market Value in 2021
USD 695.2 billion
Market Value in 2028
USD 874.58 billion
CAGR
3.90%
Benchmarking Year
2021
Past data
2016 – 2021
Forecast period
2022 – 2028
Table of Content
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global Methyl Isobutyl Ketone Market
2.2. Global Methyl Isobutyl Ketone Market, By End-use industry
2.3. Global Methyl Isobutyl Ketone Market, By Application
2.4. Global Methyl Isobutyl Ketone Market, By Region
3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Methyl Isobutyl Ketone Market Value, 2016-2028, (US$ Bn)
3.2. Market Dynamics
3.2.1. Key Growth Trends
3.2.2. Market Drivers
3.2.3. Market Restraints
3.2.4. Market Opportunities
3.2.5. Major Industry Challenges
3.3. Attractive Investment Proposition,2021
3.3.1. End–use industry
3.3.2. Application
3.3.3. Geography
4. Premium Insights
4.1. STAR (Situation, Task, Action, Results) Analysis
4.2. Porter’s Five Forces Analysis
4.2.1. Threat of New Entrants
4.2.2. Bargaining Power of Buyers/Consumers
4.2.3. Bargaining Power of Suppliers
4.2.4. Threat of Substitute Types
4.2.5. Intensity of Competitive Rivalry
4.3. Value Chain Analysis
4.4. Technology Analysis
4.5. Marketing Strategy Analysis
4.5.1. Direct Marketing
4.5.2. Indirect Marketing
4.5.3. Marketing Channel Development Trend
5. Market Positioning of Key Players, 2021
5.1. Company Market share of key players, 2021
5.2. Competitive Benchmarking
5.3. Market Positioning of Key Vendors
5.4. Geographical Presence Analysis
5.5. Major Strategies Adopted by Key Players
5.5.1. Key Strategies Analysis
5.5.2. Mergers and Acquisitions
5.5.3. Partnerships
5.5.4. Product Launch
5.5.5. Geographical Expansion
5.5.6. Others
6. COVID 19 Impact Analysis
6.1. Global Methyl Isobutyl Ketone Market Pre Vs Post COVID 19, 2019 – 2028
6.2. Impact on Import & Export
6.3. Impact on Demand & Supply
7. Global Methyl Isobutyl Ketone Market
7.1. Global Methyl Isobutyl Ketone Market, by End-use industry, 2016-2028(US$ Bn)
7.1.1. Overview
7.1.2. Global Methyl Isobutyl Ketone Market, By End-use Industry, 2021 vs 2028 (in%)
7.1.3. Global Methyl Isobutyl Ketone Market, By Automotive, 2016-2028 (US$ Bn)
7.1.4. Global Methyl Isobutyl Ketone Market, By Paints and Coatings, 2016-2028 (US$ Bn)
7.1.5. Global Methyl Isobutyl Ketone Market, By Cosmetics, 2016-2028 (US$ Bn)
7.1.6. Global Methyl Isobutyl Ketone Market, By Agrochemicals, 2016-2028 (US$ Bn)
7.1.7. Global Methyl Isobutyl Ketone Market, By Others, 2016-2028 (US$ Bn)
7.2. Global Methyl Isobutyl Ketone Market, By Application, 2016-2028(US$ Bn)
7.2.1. Overview
7.2.2. Global Methyl Isobutyl Ketone Market, By Application, 2021 vs 2028 (in%)
7.2.3. Global Methyl Isobutyl Ketone Market, By Rubber Processing, 2016-2028 (US$ Bn)
7.2.4. Global Methyl Isobutyl Ketone Market, By surfactants, 2016-2028 (US$ Bn)
7.2.5. Global Methyl Isobutyl Ketone Market, By Pesticides, 2016-2028 (US$ Bn)
7.2.6. Global Methyl Isobutyl Ketone Market, By Others, 2016-2028 (US$ Bn)
8. North America Methyl Isobutyl Ketone Market Analysis
………
9. Europe Methyl Isobutyl Ketone Market Analysis
10. Latin America Methyl Isobutyl Ketone Market Analysis
……..
11. Middle East and Africa Methyl Isobutyl Ketone Market Analysis
12. Company Profiles
12.1. Arkema Group
12.1.1. Company Overview
12.1.2. Products/Services Portfolio
12.1.3. Geographical Presence
12.1.4. Financial Summary
12.1.4.1. Market Revenue and Net Profit (2019-2021)
12.1.4.2. Business Segment Revenue Analysis
12.1.4.3. Geographical Revenue Analysis
12.2. Celanese Corporation
12.3. Eastman Chemical Company
12.4. Kumho P&B Chemicals Inc.
12.5. LCY Chemical Corp.
12.6. Mitsubishi Chemical Corporation
12.7. Mitsui Chemicals Inc.
12.8. Royal Dutch Shell PLC
12.9. Sasol Limited
12.10. Others
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