Methyl Isobutyl Ketone Market Growth to Set Phenomenal Growth by 2026

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Methyl Isobutyl Ketone Market

• Global Industry Analysis, Size, Share, Growth,
  Trends and Forecast, 2024

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Global Methyl Isobutyl Ketone Market
Snapshot

• Methyl isobutyl ketone (MIBK) is one of the
  excellent solvents for resins used in various
  surface coatings.
• It is also widely used in rubber chemicals for
  the production of tires, followed by surfactants,
  and insecticides.
• MIBK is used as a solvent in industries that
  produce rubber products, paints, machineries, and
  chemicals.
• Rising demand for solvents and rubber processing
  chemicals, chiefly owing to the flourishing
  growth of the global automotive industry, is
  expected to fuel to the overall global demand for
  methyl isobutyl ketone market in the next few
  years.

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Use as Solvent to Contribute Heavily to the
Growth of Global Methyl Isobutyl Ketone Market
It actually comes as little surprise that the
fact that methyl isobutyl ketone is a great
solvent for resins will hugely add to its
popularity, creating demand in the market
landscape. As of now, it is of some interest to
note that the methyl isobutyl ketone is used in
over 40 industrial applications, across
verticals. Besides, this accounted for some 54
of the overall market. And, the trend will
continue into and through the forecast period,
demonstrating a notable CAGR.
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Asia Pacific (APAC) to Hold a Significant Share
of the Global Methyl Isobutyl Ketone Market

• Region-wise APAC leads the global market,
  followed by North America and Europe. Major
  factors leading to this dominance include rising
  consumption of methyl isobutyl ketone in
  industries such as crop protection and
  automotive, creating lucrative growth
  opportunities for players.
• Other region that will generate untapped
  opportunities for market players to make the most
  of is Middle East and Africa.
• The growth here is attributable to a massive
  undertaking of development of commercial
  infrastructure.

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 Some of the key players in this market 

•  Dow Chemical Company
• Royal Dutch Shell Plc
• Kumho PB
• Lee Chang Yung Chemical
• Celanese Corporation
• Eastman Chemical Company
• Mitsubishi Chemical Holdings Corporation

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