Methyl Ethyl Ketone Market
Methyl Ethyl Ketone Market Analysis, By Grade (Regular and Urethane), By Function (Solvent, Cleaning Agent, Hardener, Welding Agent, and Precursor), and Region - Market Insights 2023 to 2033
Analysis of Methyl Ethyl Ketone Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Methyl Ethyl Ketone Market Growth Outlook (2023 to 2033)
The global methyl ethyl ketone market size is estimated to be valued at US$ 3.8 billion in 2023 and it is expected to grow at a CAGR of 4.7% to reach US$ 5.9 billion by the end of 2033.
Methyl ethyl ketone exhibits decent solvency power, allowing it to effectively dissolve a wide range of substances, including resins, pigments, and additives. This property makes it a preferred choice in paints, coating, adhesive, and sealant formulations. It has a fast evaporation rate, facilitating quick drying and enabling efficient application of coatings and adhesives.
Its ability to control viscosity further enhances its usefulness in different manufacturing processes. Its versatility extends to usage in paints & coatings formulation, fragrance formulation, rubber manufacturing, adhesives formulation, printing ink formulation, textile manufacturing, and others, where it serves as a solvent, cleaner, and component in various applications.
| Report Attributes | Details |
|---|---|
|
Methyl Ethyl Ketone Market Size (2022A) |
US$ 3.6 Billion |
|
Estimated Market Value (2023E) |
US$ 3.8 Billion |
|
Forecasted Market Value (2033F) |
US$ 5.9 Billion |
|
Global Market Growth Rate (2023-2033) |
4.7% CAGR |
|
East Asia Market Share (2023) |
28.5% |
|
North America Market Growth Rate (2023-2033) |
4.0% CAGR |
|
Key Companies Profiled |
|
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Historic and Future Pathway Analysis for the Methyl Ethyl Ketone Market
Methyl ethyl ketone (MEK) is a colorless and volatile liquid organic compound that has a distinctive sweet odor and is miscible with many common solvents such as water, alcohol, and ethers. It is primarily used as a solvent in various industries due to its excellent solvency power and fast evaporation rate.
- Short Term (2023-2026): Growth in construction activities, infrastructural development, and automotive production, especially in emerging economies, to drive the demand for paints and coatings, where methyl ethyl ketone is widely used as a solvent.
- Medium Term (2026-2029): As environmental concerns and regulations become more stringent, there is a growing demand for sustainable alternatives in various industries. Methyl ethyl ketone, being a versatile solvent with a relatively low environmental impact, is well positioned and the transition towards water-based coatings and adhesives, where methyl ethyl ketone is used as a solvent, will gain momentum to reduce volatile organic compound (VOC) emissions.
- Long Term (2029-2033): Ongoing research and development efforts are leading to technological advancements in methyl ethyl ketone production processes, resulting in improved product quality, efficiency, and sustainability. These advancements, coupled with the development of innovative applications, to create new growth opportunities in the long run.
On the back of the aforementioned facts, the methyl ethyl ketone market is anticipated to grow at a CAGR of 4.7% during the forecast period from 2023-2033, According to the Fact.MR, a market research and competitive intelligence provider.
Market share analysis of methyl ethyl ketone based on function and region is provided in a nutshell in the above image. Under the grade segment, the urethane sub-segment dominates with a 65.1% market share in 2023.
Market Dynamics Outlook
“Methyl Ethyl Ketone: Witnessing High Demand across End-use Verticals with Sustainability”
Methyl ethyl ketone, a versatile solvent, is playing an essential role in driving growth across multiple industries, including pharmaceuticals, construction, and automotive while prioritizing sustainability.
In the pharmaceutical sector, methyl ethyl ketone is extensively used as a solvent for drug formulation and extraction processes, and the increasing demand for advanced medications and therapies fuels the demand for methyl ethyl ketone.
Further, the construction industry is also a significant consumer of methyl ethyl ketone due to its use as a solvent in the production of various construction materials.
- According to the Global Construction 2030 report by Global Construction Perspectives and Oxford Economics, the volume of construction output will grow by 85% to $15.5 trillion worldwide by 2030, with China, the US, and India accounting for 57% of all global growth.
This growth is projected to significantly impact the market growth of methyl ethyl ketone during the forecast period.
“Volatile Raw Material Prices: A Barrier for MEK Market”
Fluctuations in the prices of key raw materials used in methyl ethyl ketone production to have a direct impact on the overall production costs. Methyl ethyl ketone is typically derived from petroleum-based feedstocks, which are susceptible to price fluctuations influenced by factors such as global supply and demand dynamics, geopolitical events, and economic conditions.
- For instance, in 2018, the price of n-butane ranged from $0.40 to $0.80 per gallon in the United States, while in 2022, the price ranged from $1.25 to $1.70 per gallon.
When raw material prices become highly volatile, it becomes challenging for manufacturers to predict and manage their production costs effectively. This volatility can result in higher production expenses, reduced profit margins, and increased uncertainty for market players. In order to preserve profitability, methyl ethyl ketone producers might have to raise the prices of their goods. As a result, methyl ethyl ketone will become less appealing to consumers who may seek less expensive substitutes or reduce their overall consumption of the product.
The volatility of raw material prices is likely to stumble the market growth trajectory of the methyl ethyl ketone market.
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Country-wise Insights
What are the Factors Driving MEK Demand across India?
The growing construction industry in India is one of the key drivers of the methyl ethyl ketone market in the country. Methyl ethyl ketone is widely used as a solvent in these products due to its excellent properties such as fast drying, high solvency, and compatibility with various resins.
India's construction industry is experiencing rapid growth due to a combination of factors, including government initiatives such as "Make in India" and "Smart Cities Mission," as well as increased investment in infrastructure development. This growth has led to an increase in demand for methyl ethyl ketone as they are used in the manufacturing of various construction materials, such as epoxy coatings and adhesives.
The growing population in India has led to an increased demand for housing, which has further boosted the construction industry. The need for quality paints and coatings for both residential and commercial projects, along with the demand for strong adhesives and sealants, contributes to the overall market growth of methyl ethyl ketone in the construction sector.
As India continues to witness rapid urbanization and infrastructure development, the construction sector is expected to maintain its growth trajectory, thereby fueling the demand for methyl ethyl ketone in the market.
India has a market share of 28.7% in South Asia for the MEK market and is likely to grow at a CAGR of 7.3% during the forecast period.
Why China’s MEK Market Is Flourishing?
China's strong manufacturing base and expertise in the production of various chemicals and intermediates contribute significantly to the market growth of methyl ethyl ketone.
The country's well-established manufacturing infrastructure, along with its cost advantages and economies of scale, positions China as a major player in the global chemical industry. This advantage translates into a competitive edge for the production of methyl ethyl ketone.
China holds a significant market share for methyl ethyl ketone due to its well-developed automotive manufacturing industries and the presence of a large number of coating and adhesive manufacturers. Presence of several end-use industries, including those in the construction, pharmaceuticals, and automotive sectors, is projected to contribute to the market expansion in the country.
China is likely to grow at a CAGR of 4.9% during the forecast period and reach a valuation of US$ 1.1 billion in 2033.
Category-wise Insights
Why Do Paint & Coatings Applications Have a Prominent Share in MEK Market?
The paints and coatings industry is vast and diverse, encompassing sectors such as architectural coatings, automotive coatings, industrial coatings, and wood coatings, among others. Methyl ethyl ketone finds extensive use across these sectors due to its versatility and compatibility with a wide range of resins, including acrylics, alkyds, and epoxies. It acts as a solvent in the production of paint and coating formulations, aiding in their application, drying, and film-forming properties.
Methyl ethyl ketone has favorable regulatory status in many regions and is widely recognized as a safe and effective solvent for paints and coatings. It is compliant with various environmental regulations and has lower volatile organic compound (VOC) emissions compared to certain alternative solvents. The regulatory compliance of methyl ethyl ketone makes it a preferred choice for manufacturers aiming to meet strict environmental and safety standards.
Growing demand for paint & coatings is likely to increase the paint & coatings formulation share by 1.9% in the MEK market between 2023 and 2033.
Why the Demand for MEK as a Solvent is growing?
Methyl ethyl ketone has gained widespread recognition and preference across industries due to its versatile applications. It serves as a highly efficient solvent in the formulation of paints, coatings, adhesives, sealants, and printing inks. The exceptional solvency properties of methyl ethyl ketone enable it to dissolve and disperse various resins, pigments, and additives, resulting in the production of high-quality products.
Methyl ethyl ketones’ popularity stems from their ability to contribute to desirable attributes such as rapid drying, excellent flow and leveling, and strong adhesion. Its compatibility with diverse materials and its effectiveness in enhancing performance properties make it a favored choice among manufacturers.
The application of methyl ethyl ketone in paints & coatings formulation is expected to reach a valuation of US$ 1.9 billion by 2023.
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Eminent Player’s Key Stratagems
To ensure future growth in the methyl ethyl ketone market, manufacturers such as ENEOS Corporation, Exxon Mobil Corporation, Shell, and TASCO Group, are implementing strategic initiatives. They are focusing on a twin strategy of production capacity expansion and heavy investments in research and development.
This involves investing in the construction of new manufacturing facilities and upgrading existing ones to enhance productivity and efficiency. Players are actively engaging in research and development activities to improve the quality and performance of methyl ethyl ketone, as well as explore new applications and formulations.
Collaborations and partnerships with customers, suppliers, and research institutions are also being pursued to foster innovation and strengthen market presence. Prominent players are adopting sustainable practices and initiatives to align with environmental regulations and cater to the growing demand for eco-friendly solvents. This includes optimizing production processes, reducing emissions, and exploring alternative feedstock sources.
Fact.MR has provided detailed information about the price points of key manufacturers of methyl ethyl ketone positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Methyl Ethyl Ketone Industry Research
-
Methyl Ethyl Ketone Market by Grade :
- Regular
- Urethane
-
Methyl Ethyl Ketone Market by Function :
- Solvent
- Cleaning Agent
- Hardener
- Welding Agent
- Precursor
-
Methyl Ethyl Ketone Market by Application :
- Paint & Coatings Formulations
- Fragrance Formulations
- Rubber Manufacturing
- Adhesives Formulation
- Printing Inks Formulation
- Textile Manufacturing
- Others (Paraffin Wax Production, etc.)
-
Methyl Ethyl Ketone Market by Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
1. Market – Executive Summary 2. Market Overview 2.1. Market Definition and Introduction 2.2. Market Taxonomy/ Research Scope 3. Market Background and Foundation Data 3.1. Global Chemical Industry Growth Outlook 3.2. Global Ketone Industry Growth Overview 3.3. Market: Application Mapping 3.4. Global Methyl Ethyl Ketone: Apparent Production & Consumption Analysis 3.4.1. Production Capacity (Kilo Tons) 3.4.1.1. By Key Regions 3.4.1.2. By Key Companies 3.4.2. Consumption Statistics 3.4.3. Apparent Trade Analysis 3.5. Market Opportunity Assessment 3.5.1. Total Available Market (US$ million) 3.5.2. Serviceable Addressable Market (US$ million) 3.5.3. Serviceable Obtainable Market (US$ million) 3.6. Market Dynamics 3.6.1. Drivers 3.6.2. Restraints 3.6.3. Opportunities 3.6.4. Trends 3.7. Forecast and Factors – Relevance and Impact 3.8. PESTLE Analysis 3.9. Investment Feasibility Analysis 3.10. Industry Value and Supply Chain Analysis 3.10.1. Value Added at Each Node of Supply Chain 3.10.2. Gross Profitability Margins (at Every Level) 3.10.3. List of Key Participants 3.10.3.1. Operating Margins (at each node of value chain) 3.10.3.2. Key Raw Material Manufacturers 3.10.3.3. Key Manufacturers 3.10.3.4. Key Distributor/Retailers 3.10.3.5. Key End-use Industry 4. Global Demand (Kilo Tons) Analysis and Forecast 4.1. Historical Market Volume (Kilo Tons) Analysis, 2018–2022 4.2. Current and Future Market Volume (Kilo Tons) Projections, 2023–2033 4.3. Y–o–Y Volume Growth Trend Analysis 5. Global Market – Pricing Analysis 5.1. Grade and Country–Level Pricing Analysis 5.2. Global Average Pricing Analysis Benchmark 5.3. Factors Influencing Pricing 6. Global Market Value (US$ million) Analysis and Forecast 6.1. Historical Market Value (US$ million) Analysis, 2018–2022 6.2. Current and Future Market Value (US$ million) Projections, 2023–2033 6.2.1. Y–o–Y Growth Trend Analysis 6.2.2. Absolute $ Opportunity Analysis 7. Global Market Analysis and Forecast, By Grade 7.1. Introduction / Key Findings 7.2. Historical Market Size (US$ million) and Volume (Kilo Tons) Analysis By Grade, 2018–2022 7.3. Current and Future Market Size (US$ million) Analysis and Volume (Kilo Tons) Forecast By Grade, 2023–2033 7.3.1. Regular 7.3.2. Urethane 7.4. Market Attractiveness Analysis By Grade 8. Global Market Analysis and Forecast, By Function 8.1. Introduction / Key Findings 8.2. Historical Market Size (US$ million) and Volume (Kilo Tons) Analysis By Function, 2018–2022 8.3. Current and Future Market Size (US$ million) Analysis and Volume (Kilo Tons) Forecast By Function, 2023–2033 8.3.1. Solvent 8.3.2. Cleaning Agent 8.3.3. Hardener 8.3.4. Welding Agent 8.3.5. Precursor 8.4. Market Attractiveness Analysis By Function 9. Global Market Analysis and Forecast, By Application 9.1. Introduction / Key Findings 9.2. Historical Market Size (US$ million) and Volume (Kilo Tons) Analysis By Application, 2018–2022 9.3. Current and Future Market Size (US$ million) Analysis and Volume (Kilo Tons) Forecast By Application, 2023–2033 9.3.1. Paint & Coatings Formulation 9.3.2. Fragrance Formulation 9.3.3. Rubber Manufacturing 9.3.4. Adhesive Formulation 9.3.5. Printing Inks Formulation 9.3.6. Textile Manufacturing 9.3.7. Others (Paraffin Wax Production, etc.) 9.4. Market Attractiveness Analysis By Application 10. Global Market Analysis and Forecast, By Region 10.1. Introduction 10.2. Historical Market Size (US$ million) and Volume (Kilo Tons) Analysis By Region, 2018–2022 10.3. Current Market Size (US$ million) Analysis and Volume (Kilo Tons) Forecast By Region, 2023–2033 10.3.1. North America 10.3.2. Latin America 10.3.3. Europe 10.3.4. East Asia 10.3.5. South Asia & Oceania 10.3.6. Middle East & Africa 10.4. Market Attractiveness Analysis By Region 11. North America Market Analysis and Forecast 11.1. Introduction / Key Findings 11.2. Pricing Analysis 11.3. Historical Market Size (US$ million) and Volume (Kilo Tons) Trend Analysis By Market Taxonomy, 2018–2022 11.4. Market Size (US$ million) and Volume (Kilo Tons) Forecast By Market Taxonomy, 2023–2033 11.4.1. By Country 11.4.1.1. U.S. 11.4.1.2. Canada 11.4.2. By Grade 11.4.3. By Function 11.4.4. By Application 11.5. Market Attractiveness Analysis 11.5.1. By Country 11.5.2. By Grade 11.5.3. By Function 11.5.4. By Application 12. Latin America Market Analysis and Forecast 12.1. Introduction / Key Findings 12.2. Pricing Analysis 12.3. Historical Market Size (US$ million) and Volume (Kilo Tons) Trend Analysis By Market Taxonomy, 2018–2022 12.4. Market Size (US$ million) and Volume (Kilo Tons) Forecast By Market Taxonomy, 2023–2033 12.4.1. By Country 12.4.1.1. Brazil 12.4.1.2. Mexico 12.4.1.3. Argentina 12.4.1.4. Rest of Latin America 12.4.2. By Grade 12.4.3. By Function 12.4.4. By Application 12.5. Market Attractiveness Analysis 12.5.1. By Country 12.5.2. By Grade 12.5.3. By Function 12.5.4. By Application 13. Europe Market Analysis and Forecast 13.1. Introduction / Key Findings 13.2. Pricing Analysis 13.3. Historical Market Size (US$ million) and Volume (Kilo Tons) Trend Analysis By Market Taxonomy, 2018–2022 13.4. Market Size (US$ million) and Volume (Kilo Tons) Forecast By Market Taxonomy, 2023–2033 13.4.1. By Country 13.4.1.1. Germany 13.4.1.2. France 13.4.1.3. Italy 13.4.1.4. Spain 13.4.1.5. U.K. 13.4.1.6. BENELUX 13.4.1.7. Russia 13.4.1.8. Rest of Europe 13.4.2. By Grade 13.4.3. By Function 13.4.4. By Application 13.5. Market Attractiveness Analysis 13.5.1. By Country 13.5.2. By Grade 13.5.3. By Function 13.5.4. By Application 14. East Asia Market Analysis and Forecast 14.1. Introduction / Key Findings 14.2. Pricing Analysis 14.3. Historical Market Size (US$ million) and Volume (Kilo Tons) Trend Analysis By Market Taxonomy, 2018–2022 14.4. Market Size (US$ million) and Volume (Kilo Tons) Forecast By Market Taxonomy, 2023–2033 14.4.1. By Country 14.4.1.1. China 14.4.1.2. Japan 14.4.1.3. South Korea 14.4.2. By Grade 14.4.3. By Function 14.4.4. By Application 14.5. Market Attractiveness Analysis 14.5.1. By Country 14.5.2. By Grade 14.5.3. By Function 14.5.4. By Application 15. South Asia & Oceania Market Analysis and Forecast 15.1. Introduction / Key Findings 15.2. Pricing Analysis 15.3. Historical Market Size (US$ million) and Volume (Kilo Tons) Trend Analysis By Market Taxonomy, 2018–2022 15.4. Market Size (US$ million) and Volume (Kilo Tons) Forecast By Market Taxonomy, 2023–2033 15.4.1. By Country 15.4.1.1. India 15.4.1.2. Thailand 15.4.1.3. Indonesia 15.4.1.4. Malaysia 15.4.1.5. Australia & New Zealand 15.4.1.6. Rest of South Asia & Oceania 15.4.2. By Grade 15.4.3. By Function 15.4.4. By Application 15.5. Market Attractiveness Analysis 15.5.1. By Country 15.5.2. By Grade 15.5.3. By Function 15.5.4. By Application 16. Middle East & Africa Market Analysis and Forecast 16.1. Introduction / Key Findings 16.2. Pricing Analysis 16.3. Historical Market Size (US$ million) and Volume (Kilo Tons) Trend Analysis By Market Taxonomy, 2018–2022 16.4. Market Size (US$ million) and Volume (Kilo Tons) Forecast By Market Taxonomy, 2023–2033 16.4.1. By Country 16.4.1.1. GCC Countries 16.4.1.2. South Africa 16.4.1.3. Northern Africa 16.4.1.4. Turkiye 16.4.1.5. Rest of Middle East & Africa 16.4.2. By Grade 16.4.3. By Function 16.4.4. By Application 16.5. Market Attractiveness Analysis 16.5.1. By Country 16.5.2. By Grade 16.5.3. By Function 16.5.4. By Application 17. Country–level Market Analysis and Forecast 17.1. Introduction / Key Findings 17.1.1. Market Value Proportion Analysis, By Key Countries 17.1.2. Global Vs. Country Growth Comparison 17.2. US Market Analysis 17.2.1. Value Proportion Analysis by Market Taxonomy 17.2.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 17.2.2.1. By Grade 17.2.2.2. By Function 17.2.2.3. By Application 17.3. Canada Market Analysis 17.3.1. Value Proportion Analysis by Market Taxonomy 17.3.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 17.3.2.1. By Grade 17.3.2.2. By Function 17.3.2.3. By Application 17.4. Brazil Market Analysis 17.4.1. Value Proportion Analysis by Market Taxonomy 17.4.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 17.4.2.1. By Grade 17.4.2.2. By Function 17.4.2.3. By Application 17.5. Mexico Market Analysis 17.5.1. Value Proportion Analysis by Market Taxonomy 17.5.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 17.5.2.1. By Grade 17.5.2.2. By Function 17.5.2.3. By Application 17.6. Argentina Market Analysis 17.6.1. Value Proportion Analysis by Market Taxonomy 17.6.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 17.6.2.1. By Grade 17.6.2.2. By Function 17.6.2.3. By Application 17.7. Germany Market Analysis 17.7.1. Value Proportion Analysis by Market Taxonomy 17.7.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 17.7.2.1. By Grade 17.7.2.2. By Function 17.7.2.3. By Application 17.8. France Market Analysis 17.8.1. Value Proportion Analysis by Market Taxonomy 17.8.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 17.8.2.1. By Grade 17.8.2.2. By Function 17.8.2.3. By Application 17.9. Italy Market Analysis 17.9.1. Value Proportion Analysis by Market Taxonomy 17.9.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 17.9.2.1. By Grade 17.9.2.2. By Function 17.9.2.3. By Application 17.10. Spain Market Analysis 17.10.1. Value Proportion Analysis by Market Taxonomy 17.10.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 17.10.2.1. By Grade 17.10.2.2. By Function 17.10.2.3. By Application 17.11. BENELUX Market Analysis 17.11.1. Value Proportion Analysis by Market Taxonomy 17.11.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 17.11.2.1. By Grade 17.11.2.2. By Function 17.11.2.3. By Application 17.12. Russia Market Analysis 17.12.1. Value Proportion Analysis by Market Taxonomy 17.12.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 17.12.2.1. By Grade 17.12.2.2. By Function 17.12.2.3. By Application 17.13. U.K. Market Analysis 17.13.1. Value Proportion Analysis by Market Taxonomy 17.13.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 17.13.2.1. By Grade 17.13.2.2. By Function 17.13.2.3. By Application 17.14. China Market Analysis 17.14.1. Value Proportion Analysis by Market Taxonomy 17.14.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 17.14.2.1. By Grade 17.14.2.2. By Function 17.14.2.3. By Application 17.15. Japan Market Analysis 17.15.1. Value Proportion Analysis by Market Taxonomy 17.15.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 17.15.2.1. By Grade 17.15.2.2. By Function 17.15.2.3. By Application 17.16. South Korea Market Analysis 17.16.1. Value Proportion Analysis by Market Taxonomy 17.16.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 17.16.2.1. By Grade 17.16.2.2. By Function 17.16.2.3. By Application 17.17. India Market Analysis 17.17.1. Value Proportion Analysis by Market Taxonomy 17.17.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 17.17.2.1. By Grade 17.17.2.2. By Function 17.17.2.3. By Application 17.18. ASEAN Countries Market Analysis 17.18.1. Value Proportion Analysis by Market Taxonomy 17.18.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 17.18.2.1. By Grade 17.18.2.2. By Function 17.18.2.3. By Application 17.19. Australia Market Analysis 17.19.1. Value Proportion Analysis by Market Taxonomy 17.19.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 17.19.2.1. By Grade 17.19.2.2. By Function 17.19.2.3. By Application 17.20. GCC Countries Market Analysis 17.20.1. Value Proportion Analysis by Market Taxonomy 17.20.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 17.20.2.1. By Grade 17.20.2.2. By Function 17.20.2.3. By Application 17.21. Turkiye Market Analysis 17.21.1. Value Proportion Analysis by Market Taxonomy 17.21.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 17.21.2.1. By Grade 17.21.2.2. By Function 17.21.2.3. By Application 17.22. South Africa Market Analysis 17.22.1. Value Proportion Analysis by Market Taxonomy 17.22.2. Volume (Kilo Tons) and Value (US$ million) Analysis and Forecast by Market Taxonomy, 2018–2033 17.22.2.1. By Grade 17.22.2.2. By Function 17.22.2.3. By Application 18. Market Structure Analysis 18.1. Market Analysis by Tier of Companies 18.2. Market Concentration of Players 18.3. Market Share Analysis of Top Players 18.4. Market Presence Analysis 19. Competition Analysis 19.1. Competition Dashboard 19.2. Competition Benchmarking of Products 19.3. Competition Deep Dive: 19.3.1. Cetex Petrochemicals Ltd 19.3.1.1. Overview 19.3.1.2. Product Portfolio 19.3.1.3. Key Financials 19.3.1.4. Sales Footprint 19.3.1.5. SWOT Analysis 19.3.1.6. Key Developments 19.3.1.7. Strategy Overview 19.3.2. ENEOS Corporation 19.3.2.1. Overview 19.3.2.2. Product Portfolio 19.3.2.3. Key Financials 19.3.2.4. Sales Footprint 19.3.2.5. SWOT Analysis 19.3.2.6. Key Developments 19.3.2.7. Strategy Overview 19.3.3. Exxon Mobil Corporation 19.3.3.1. Overview 19.3.3.2. Product Portfolio 19.3.3.3. Key Financials 19.3.3.4. Sales Footprint 19.3.3.5. SWOT Analysis 19.3.3.6. Key Developments 19.3.3.7. Strategy Overview 19.3.4. INEOS 19.3.4.1. Overview 19.3.4.2. Product Portfolio 19.3.4.3. Key Financials 19.3.4.4. Sales Footprint 19.3.4.5. SWOT Analysis 19.3.4.6. Key Developments 19.3.4.7. Strategy Overview 19.3.5. Maruzen Petrochemical 19.3.5.1. Overview 19.3.5.2. Product Portfolio 19.3.5.3. Key Financials 19.3.5.4. Sales Footprint 19.3.5.5. SWOT Analysis 19.3.5.6. Key Developments 19.3.5.7. Strategy Overview 19.3.6. Sasol 19.3.6.1. Overview 19.3.6.2. Product Portfolio 19.3.6.3. Key Financials 19.3.6.4. Sales Footprint 19.3.6.5. SWOT Analysis 19.3.6.6. Key Developments 19.3.6.7. Strategy Overview 19.3.7. Shanghai Douwin Chemical Co., Ltd. 19.3.7.1. Overview 19.3.7.2. Product Portfolio 19.3.7.3. Key Financials 19.3.7.4. Sales Footprint 19.3.7.5. SWOT Analysis 19.3.7.6. Key Developments 19.3.7.7. Strategy Overview 19.3.8. Shell 19.3.8.1. Overview 19.3.8.2. Product Portfolio 19.3.8.3. Key Financials 19.3.8.4. Sales Footprint 19.3.8.5. SWOT Analysis 19.3.8.6. Key Developments 19.3.8.7. Strategy Overview 19.3.9. TASCO Group 19.3.9.1. Overview 19.3.9.2. Product Portfolio 19.3.9.3. Key Financials 19.3.9.4. Sales Footprint 19.3.9.5. SWOT Analysis 19.3.9.6. Key Developments 19.3.9.7. Strategy Overview 19.3.10. Zibo Qixiang Tengda Chemical 19.3.10.1. Overview 19.3.10.2. Product Portfolio 19.3.10.3. Key Financials 19.3.10.4. Sales Footprint 19.3.10.5. SWOT Analysis 19.3.10.6. Key Developments 19.3.10.7. Strategy Overview 19.3.11. Other Players 19.3.11.1. Overview 19.3.11.2. Product Portfolio 19.3.11.3. Key Financials 19.3.11.4. Sales Footprint 19.3.11.5. SWOT Analysis 19.3.11.6. Key Developments 19.3.11.7. Strategy Overview 20. Assumptions & Acronyms Used 21. Research Methodology
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List Of Table
Table 1: Global Market Value (US$ million) by Region, 2018–2022
Table 2: Global Market Value (US$ million) and Forecast by Region, 2023–2033
Table 3: Global Market Volume (Kilo Tons) by Region, 2018–2022
Table 4: Global Market Volume (Kilo Tons) and Forecast by Region, 2023–2033
Table 5: Global Market Value (US$ million), By Grade, 2018–2022
Table 6: Global Market Value (US$ million) and Forecast By Grade, 2023–2033
Table 7: Global Market Volume (Kilo Tons), By Grade, 2018–2022
Table 8: Global Market Volume (Kilo Tons) and Forecast By Grade, 2023–2033
Table 9: Global Market Value (US$ million), By Function, 2018–2022
Table 10: Global Market Value (US$ million) and Forecast By Function, 2023–2033
Table 11: Global Market Volume (Kilo Tons), By Function, 2018–2022
Table 12: Global Market Volume (Kilo Tons) and Forecast By Function, 2023–2033
Table 13: Global Market Value (US$ million), By Application, 2018–2022
Table 14: Global Market Value (US$ million) and Forecast By Application, 2023–2033
Table 15: Global Market Volume (Kilo Tons), By Application, 2018–2022
Table 16: Global Market Volume (Kilo Tons) and Forecast By Application, 2023–2033
Table 17: North America Market Value (US$ million), by Country, 2018–2022
Table 18: North America Market Value (US$ million) and Forecast by Country, 2023–2033
Table 19: North America Market Volume (Kilo Tons), by Country, 2018–2022
Table 20: North America Market Volume (Kilo Tons) and Forecast by Country, 2023–2033
Table 21: North America Market Value (US$ million), By Grade, 2018–2022
Table 22: North America Market Value (US$ million) and Forecast By Grade, 2023–2033
Table 23: North America Market Volume (Kilo Tons), By Grade, 2018–2022
Table 24: North America Market Volume (Kilo Tons) and Forecast By Grade, 2023–2033
Table 25: North America Market Value (US$ million), By Function, 2018–2022
Table 26: North America Market Value (US$ million) and Forecast By Function, 2023–2033
Table 27: North America Market Volume (Kilo Tons), By Function, 2018–2022
Table 28: North America Market Volume (Kilo Tons) and Forecast By Function, 2023–2033
Table 29: North America Market Value (US$ million), By Application, 2018–2022
Table 30: North America Market Value (US$ million) and Forecast By Application, 2023–2033
Table 31: North America Market Volume (Kilo Tons), By Application, 2018–2022
Table 32: North America Market Volume (Kilo Tons) and Forecast By Application, 2023–2033
Table 33: Latin America Market Value (US$ million), by Country, 2018–2022
Table 34: Latin America Market Value (US$ million) and Forecast by Country, 2023–2033
Table 35: Latin America Market Volume (Kilo Tons), by Country, 2018–2022
Table 36: Latin America Market Volume (Kilo Tons) and Forecast by Country, 2023–2033
Table 37: Latin America Market Value (US$ million), By Grade, 2018–2022
Table 38: Latin America Market Value (US$ million) and Forecast By Grade, 2023–2033
Table 39: Latin America Market Volume (Kilo Tons), By Grade, 2018–2022
Table 40: Latin America Market Volume (Kilo Tons) and Forecast By Grade, 2023–2033
Table 41: Latin America Market Value (US$ million), By Function, 2018–2022
Table 42: Latin America Market Value (US$ million) and Forecast By Function, 2023–2033
Table 43: Latin America Market Volume (Kilo Tons), By Function, 2018–2022
Table 44: Latin America Market Volume (Kilo Tons) and Forecast By Function, 2023–2033
Table 45: Latin America Market Value (US$ million), By Application, 2018–2022
Table 46: Latin America Market Value (US$ million) and Forecast By Application, 2023–2033
Table 47: Latin America Market Volume (Kilo Tons), By Application, 2018–2022
Table 48: Latin America Market Volume (Kilo Tons) and Forecast By Application, 2023–2033
Table 49: Europe Market Value (US$ million), by Country, 2018–2022
Table 50: Europe Market Value (US$ million) and Forecast by Country, 2023–2033
Table 51: Europe Market Volume (Kilo Tons), by Country, 2018–2022
Table 52: Europe Market Volume (Kilo Tons) and Forecast by Country, 2023–2033
Table 53: Europe Market Value (US$ million), By Grade, 2018–2022
Table 54: Europe Market Value (US$ million) and Forecast By Grade, 2023–2033
Table 55: Europe Market Volume (Kilo Tons), By Grade, 2018–2022
Table 56: Europe Market Volume (Kilo Tons) and Forecast By Grade, 2023–2033
Table 57: Europe Market Value (US$ million), By Function, 2018–2022
Table 58: Europe Market Value (US$ million) and Forecast By Function, 2023–2033
Table 59: Europe Market Volume (Kilo Tons), By Function, 2018–2022
Table 60: Europe Market Volume (Kilo Tons) and Forecast By Function, 2023–2033
Table 61: Europe Market Value (US$ million), By Application, 2018–2022
Table 62: Europe Market Value (US$ million) and Forecast By Application, 2023–2033
Table 63: Europe Market Volume (Kilo Tons), By Application, 2018–2022
Table 64: Europe Market Volume (Kilo Tons) and Forecast By Application, 2023–2033
Table 65: East Asia Market Value (US$ million), by Country, 2018–2022
Table 66: East Asia Market Value (US$ million) and Forecast by Country, 2023–2033
Table 67: East Asia Market Volume (Kilo Tons), by Country, 2018–2022
Table 68: East Asia Market Volume (Kilo Tons) and Forecast by Country, 2023–2033
Table 69: East Asia Market Value (US$ million), By Grade, 2018–2022
Table 70: East Asia Market Value (US$ million) and Forecast By Grade, 2023–2033
Table 71: East Asia Market Volume (Kilo Tons), By Grade, 2018–2022
Table 72: East Asia Market Volume (Kilo Tons) and Forecast By Grade, 2023–2033
Table 73: East Asia Market Value (US$ million), By Function, 2018–2022
Table 74: East Asia Market Value (US$ million) and Forecast By Function, 2023–2033
Table 75: East Asia Market Volume (Kilo Tons), By Function, 2018–2022
Table 76: East Asia Market Volume (Kilo Tons) and Forecast By Function, 2023–2033
Table 77: East Asia Market Value (US$ million), By Application, 2018–2022
Table 78: East Asia Market Value (US$ million) and Forecast By Application, 2023–2033
Table 79: East Asia Market Volume (Kilo Tons), By Application, 2018–2022
Table 80: East Asia Market Volume (Kilo Tons) and Forecast By Application, 2023–2033
Table 81: South Asia & Oceania Market Value (US$ million), by Country, 2018–2022
Table 82: South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2023–2033
Table 83: South Asia & Oceania Market Volume (Kilo Tons), by Country, 2018–2022
Table 84: South Asia & Oceania Market Volume (Kilo Tons) and Forecast by Country, 2023–2033
Table 85: South Asia & Oceania Market Value (US$ million), By Grade, 2018–2022
Table 86: South Asia & Oceania Market Value (US$ million) and Forecast By Grade, 2023–2033
Table 87: South Asia & Oceania Market Volume (Kilo Tons), By Grade, 2018–2022
Table 88: South Asia & Oceania Market Volume (Kilo Tons) and Forecast By Grade, 2023–2033
Table 89: South Asia & Oceania Market Value (US$ million), By Function, 2018–2022
Table 90: South Asia & Oceania Market Value (US$ million) and Forecast By Function, 2023–2033
Table 91: South Asia & Oceania Market Volume (Kilo Tons), By Function, 2018–2022
Table 92: South Asia & Oceania Market Volume (Kilo Tons) and Forecast By Function, 2023–2033
Table 93: South Asia & Oceania Market Value (US$ million), By Application, 2018–2022
Table 94: South Asia & Oceania Market Value (US$ million) and Forecast By Application, 2023–2033
Table 95: South Asia & Oceania Market Volume (Kilo Tons), By Application, 2018–2022
Table 96: South Asia & Oceania Market Volume (Kilo Tons) and Forecast By Application, 2023–2033
Table 97: MEA Market Value (US$ million), by Country, 2018–2022
Table 98: MEA Market Value (US$ million) and Forecast by Country, 2023–2033
Table 99: MEA Market Volume (Kilo Tons), by Country, 2018–2022
Table 100: MEA Market Volume (Kilo Tons) and Forecast by Country, 2023–2033
Table 101: MEA Market Value (US$ million), By Grade, 2018–2022
Table 102: MEA Market Value (US$ million) and Forecast By Grade, 2023–2033
Table 103: MEA Market Volume (Kilo Tons), By Grade, 2018–2022
Table 104: MEA Market Volume (Kilo Tons) and Forecast By Grade, 2023–2033
Table 105: MEA Market Value (US$ million), By Function, 2018–2022
Table 106: MEA Market Value (US$ million) and Forecast By Function, 2023–2033
Table 107: MEA Market Volume (Kilo Tons), By Function, 2018–2022
Table 108: MEA Market Volume (Kilo Tons) and Forecast By Function, 2023–2033
Table 109: MEA Market Value (US$ million), By Application, 2018–2022
Table 110: MEA Market Value (US$ million) and Forecast By Application, 2023–2033
Table 111: MEA Market Volume (Kilo Tons), By Application, 2018–2022
Table 112: MEA Market Volume (Kilo Tons) and Forecast By Application, 2023–2033
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List Of Figures
Figure 1: Global Market Value (US$ million) and Volume (Kilo Tons) Forecast, 2023–2033
Figure 2: Global Market Absolute $ Opportunity (US$ million), 2023–2033
Figure 3: Global Market Value (US$ million) and Volume (Kilo Tons) by Region, 2023 & 2033
Figure 4: Global Market Y–o–Y Growth Rate by Region, 2023–2033
Figure 5: Global Market Value (US$ million) and Volume (Kilo Tons) By Grade, 2023 & 2033
Figure 6: Global Market Y–o–Y Growth Rate By Grade, 2023–2033
Figure 7: Global Market Value (US$ million) and Volume (Kilo Tons) By Function, 2023 & 2033
Figure 8: Global Market Y–o–Y Growth Rate By Function, 2023–2033
Figure 9: Global Market Value (US$ million) and Volume (Kilo Tons) By Application, 2023 & 2033
Figure 10: Global Market Y–o–Y Growth Rate By Application, 2023–2033
Figure 11: North America Market Value (US$ million) and Volume (Kilo Tons) Forecast, 2023–2033
Figure 12: North America Market Absolute $ Opportunity (US$ million), 2023–2033
Figure 13: North America Market Value (US$ million) and Volume (Kilo Tons) by Country, 2023 & 2033
Figure 14: North America Market Y–o–Y Growth Rate by Country, 2023–2033
Figure 15: North America Market Value (US$ million) and Volume (Kilo Tons) By Grade, 2023 & 2033
Figure 16: North America Market Y–o–Y Growth Rate By Grade, 2023–2033
Figure 17: North America Market Value (US$ million) and Volume (Kilo Tons) By Function, 2023 & 2033
Figure 18: North America Market Y–o–Y Growth Rate By Function, 2023–2033
Figure 19: North America Market Value (US$ million) and Volume (Kilo Tons) By Application, 2023 & 2033
Figure 20: North America Market Y–o–Y Growth Rate By Application, 2023–2033
Figure 21: North America Market Attractiveness Analysis by Country, 2023–2033
Figure 22: North America Market Attractiveness Analysis By Grade, 2023–2033
Figure 23: North America Market Attractiveness Analysis By Function, 2023–2033
Figure 24: North America Market Attractiveness Analysis By Application, 2023–2033
Figure 25: Latin America Market Value (US$ million) and Volume (Kilo Tons) Forecast, 2023–2033
Figure 26: Latin America Market Absolute $ Opportunity (US$ million), 2023–2033
Figure 27: Latin America Market Value (US$ million) and Volume (Kilo Tons) by Country, 2023 & 2033
Figure 28: Latin America Market Y–o–Y Growth Rate by Country, 2023–2033
Figure 29: Latin America Market Value (US$ million) and Volume (Kilo Tons) By Grade, 2023 & 2033
Figure 30: Latin America Market Y–o–Y Growth Rate By Grade, 2023–2033
Figure 31: Latin America Market Value (US$ million) and Volume (Kilo Tons) By Function, 2023 & 2033
Figure 32: Latin America Market Y–o–Y Growth Rate By Function, 2023–2033
Figure 33: Latin America Market Value (US$ million) and Volume (Kilo Tons) By Application, 2023 & 2033
Figure 34: Latin America Market Y–o–Y Growth Rate By Application, 2023–2033
Figure 35: Latin America Market Attractiveness Analysis by Country, 2023–2033
Figure 36: Latin America Market Attractiveness Analysis By Grade, 2023–2033
Figure 37: Latin America Market Attractiveness Analysis By Function, 2023–2033
Figure 38: Latin America Market Attractiveness Analysis By Application, 2023–2033
Figure 39: Europe Market Value (US$ million) and Volume (Kilo Tons) Forecast, 2023–2033
Figure 40: Europe Market Absolute $ Opportunity (US$ million), 2023–2033
Figure 41: Europe Market Value (US$ million) and Volume (Kilo Tons) by Country, 2023 & 2033
Figure 42: Europe Market Y–o–Y Growth Rate by Country, 2023–2033
Figure 43: Europe Market Value (US$ million) and Volume (Kilo Tons) By Grade, 2023 & 2033
Figure 44: Europe Market Y–o–Y Growth Rate By Grade, 2023–2033
Figure 45: Europe Market Value (US$ million) and Volume (Kilo Tons) By Function, 2023 & 2033
Figure 46: Europe Market Y–o–Y Growth Rate By Function, 2023–2033
Figure 47: Europe Market Value (US$ million) and Volume (Kilo Tons) By Application, 2023 & 2033
Figure 48: Europe Market Y–o–Y Growth Rate By Application, 2023–2033
Figure 49: Europe Market Attractiveness Analysis by Country, 2023–2033
Figure 50: Europe Market Attractiveness Analysis By Grade, 2023–2033
Figure 51: Europe Market Attractiveness Analysis By Function, 2023–2033
Figure 52: Europe Market Attractiveness Analysis By Application, 2023–2033
Figure 53: East Asia Market Value (US$ million) and Volume (Kilo Tons) Forecast, 2023–2033
Figure 54: East Asia Market Absolute $ Opportunity (US$ million), 2023–2033
Figure 55: East Asia Market Value (US$ million) and Volume (Kilo Tons) by Country, 2023 & 2033
Figure 56: East Asia Market Y–o–Y Growth Rate by Country, 2023–2033
Figure 57: East Asia Market Value (US$ million) and Volume (Kilo Tons) By Grade, 2023 & 2033
Figure 58: East Asia Market Y–o–Y Growth Rate By Grade, 2023–2033
Figure 59: East Asia Market Value (US$ million) and Volume (Kilo Tons) By Function, 2023 & 2033
Figure 60: East Asia Market Y–o–Y Growth Rate By Function, 2023–2033
Figure 61: East Asia Market Value (US$ million) and Volume (Kilo Tons) By Application, 2023 & 2033
Figure 62: East Asia Market Attractiveness Analysis by Country, 2023–2033
Figure 63: East Asia Market Attractiveness Analysis By Grade, 2023–2033
Figure 64: East Asia Market Attractiveness Analysis By Function, 2023–2033
Figure 65: East Asia Market Attractiveness Analysis By Application, 2023–2033
Figure 66: South Asia & Oceania Market Value (US$ million) and Volume (Kilo Tons) Forecast, 2023–2033
Figure 67: South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2023–2033
Figure 68: South Asia & Oceania Market Value (US$ million) and Volume (Kilo Tons) by Country, 2023 & 2033
Figure 69: South Asia & Oceania Market Y–o–Y Growth Rate by Country, 2023–2033
Figure 70: South Asia & Oceania Market Value (US$ million) and Volume (Kilo Tons) By Grade, 2023 & 2033
Figure 71: South Asia & Oceania Market Y–o–Y Growth Rate By Grade, 2023–2033
Figure 72: South Asia & Oceania Market Value (US$ million) and Volume (Kilo Tons) By Function, 2023 & 2033
Figure 73: South Asia & Oceania Market Y–o–Y Growth Rate By Function, 2023–2033
Figure 74: South Asia & Oceania Market Value (US$ million) and Volume (Kilo Tons) By Application, 2023 & 2033
Figure 75: South Asia & Oceania Market Y–o–Y Growth Rate By Application, 2023–2033
Figure 76: South Asia & Oceania Market Attractiveness Analysis by Country, 2023–2033
Figure 77: South Asia & Oceania Market Attractiveness Analysis By Grade, 2023–2033
Figure 78: South Asia & Oceania Market Attractiveness Analysis By Function, 2023–2033
Figure 79: South Asia & Oceania Market Attractiveness Analysis By Application, 2023–2033
Figure 80: MEA Market Value (US$ million) and Volume (Kilo Tons) Forecast, 2023–2033
Figure 81: MEA Market Absolute $ Opportunity (US$ million), 2023–2033
Figure 82: MEA Market Value (US$ million) and Volume (Kilo Tons) by Country, 2023 & 2033
Figure 83: MEA Market Y–o–Y Growth Rate by Country, 2023–2033
Figure 84: MEA Market Value (US$ million) and Volume (Kilo Tons) By Grade, 2023 & 2033
Figure 85: MEA Market Y–o–Y Growth Rate By Grade, 2023–2033
Figure 86: MEA Market Value (US$ million) and Volume (Kilo Tons) By Function, 2023 & 2033
Figure 87: MEA Market Y–o–Y Growth Rate By Function, 2023–2033
Figure 88: MEA Market Value (US$ million) and Volume (Kilo Tons) By Application, 2023 & 2033
Figure 89: MEA Market Y–o–Y Growth Rate By Application, 2023–2033
Figure 90: MEA Market Attractiveness Analysis by Country, 2023–2033
Figure 91: MEA Market Attractiveness Analysis By Grade, 2023–2033
Figure 92: MEA Market Attractiveness Analysis By Function, 2023–2033
Figure 93: MEA Market Attractiveness Analysis By Application, 2023–2033
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- FAQs -
What is the Global Methyl Ethyl Ketone Market Size Reported by Fact.MR for 2023?
The global methyl ethyl ketone market is estimated to be valued at US$ 3.8 billion in 2023.
What are the Regions Included in the Methyl Ethyl Ketone Market Study?
The regions included in the methyl ethyl ketone market study include North America, Latin America, Middle East & Africa, South Asia & Oceania, East Asia, and Europe.
Who are the Major Players Operating in the Methyl Ethyl Ketone Market?
Prominent players in the market are Cetex Petrochemicals Ltd, ENEOS Corporation, Exxon Mobil Corporation, Maruzen Petrochemical, Sasol, Shanghai Douwin Chemical Co., Ltd., Shell, TASCO Group, and Zibo Qixiang Tengda Chemical
What is the Estimated Valuation of the Methyl Ethyl Ketone Market in 2033?
The market is expected to reach a valuation of US$ 5.9 billion in 2033.
What Value CAGR did the Methyl Ethyl Ketone Market Exhibit Over the Last Five Years?
The historic growth rate of the methyl ethyl ketone market was 3.1% from 2018-2022.
Methyl Ethyl Ketone Market