Home > Chemicals & Materials > Specialty Chemicals > Custom Synthesis > Methyl Isobutyl Ketone (MIBK) Market

Methyl Isobutyl Ketone (MIBK) Market Trends

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

Download Free Sample

Methyl Isobutyl Ketone Market Trends

Regulatory bodies worldwide are implementing stringent regulations and guidelines on methyl isobutyl ketone (MIBK) production due to its high toxicity. The negative environmental and health impacts of synthetic MIBK have led to increased interest in bio-based alternatives. Bio-based MIBK is expected to replace synthetic MIBK in several major applications, potentially providing growth opportunities for companies in the industry. This shift towards bio-based alternatives may contribute to the expansion of the MIBK market by 2032.

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.