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Methyl Isobutyl Ketone (MIBK) Market Share

Report ID: GMI2561
Published Date: Oct 2024
Report Format: PDF

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Methyl Isobutyl Ketone Market Share

Companies include, Arkema Group is a key player in the methyl isobutyl ketone (MIBK) industry, offering high-quality solvents used in coatings and adhesives, which enhance product performance and application. Celanese Corporation contributes significantly to the MIBK market with its advanced production techniques, ensuring consistent quality and supply for various industrial applications, particularly in automotive and pharmaceuticals. Dow Chemical Company is recognized for its innovative MIBK formulations, which cater to the growing demand for effective solvents in diverse sectors, including paints and coatings. Eastman Chemical Company also plays a vital role by providing MIBK as a solvent in agricultural chemicals and coatings, supporting sustainability initiatives through environmentally friendly solutions. Jilin Chemicals is involved in the production of MIBK, focusing on meeting regional demand in Asia and expanding its footprint in the global market.

Methyl Isobutyl Ketone Market Companies

Top companies operating in the methyl isobutyl ketone industry include:

Arkema Group
Celanese Corporation
Dow Chemical Company
Eastman Chemical Company
Jilin Chemicals
Kumho P&B Chemicals Inc.
LCY Group
Lee Chang Yung Chemical
Mitsubishi Chemicals
Mitsui Chemicals
Royal Dutch Shell
Sasol
Sigma-Aldrich

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

The global market size for methyl isobutyl ketone was valued at USD 749.4 million in 2023 and is expected to reach USD 1 billion by 2032, driven by a CAGR of 4% from 2024 to 2032.

The paints & coatings segment held a 29.1% market share in 2023, amounting to USD 218.5 million, and is projected to grow at a 4.2% CAGR from 2024 to 2032, driven by increased construction and renovation activities.

U.S. market is projected to achieve USD 190.7 million by 2032, driven by a CAGR of 3.1% from 2024 to 2032, with significant contributions from the automotive and construction sectors.

Major players in the industry include Arkema Group, Celanese Corporation, Dow Chemical Company, Eastman Chemical Company, Jilin Chemicals, Kumho P&B Chemicals Inc., LCY Group, Lee Chang Yung Chemical, Mitsubishi Chemicals, Mitsui Chemicals, Royal Dutch Shell, Sasol, and Sigma-Aldrich.