Methyl Isobutyl Ketone Market in agrochemicals to grow at 3.5% CAGR till 2025

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Global Methyl Isobutyl Ketone Market to hit 800
Mn by 2025 Global Market Insights Inc.
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Industry Overview

• Methyl Isobutyl Ketone Market driven by growing
  automotive industry is propelling tire production
  demand in the world to surpass USD 800 million by
  2025 and will witness 4 CAGR during the forecast
  timespan. Escalating construction activities
  across the globe is driving the use of solvents
  in various surface coatings. Methyl Isobutyl
  Ketone is extensively used to produce rubber
  processing chemicals, which will witness growth
  owing to the increased automotive sales and tire
  production. MIBK is also one of the vital
  components in the production of insecticides,
  fertilizers and other agrochemicals. This will
  boost the product demand in various emerging
  economies such as China, India, Mexico etc., who
  spend heavily to improve their agricultural
  output, directly augmenting the methyl isobutyl
  ketone (MIBK) market share in the expected
  timeframe.
• The high toxicity and harsh impacts on human
  health and the environment may obstruct the
  growth of MIBK market size in the near future.
  Petroleum based MIBKs are believed to be highly
  toxic when exposed to the air that can cause
  mucous membrane irritations and vulnerable
  effects on central nervous system in humans.

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• However, the negative properties of the product
  is fueling the adaptation of bio-based MIBK,
  which is eco-friendly, cost-effective and has an
  uncomplicated production process. The shift
  towards the bio-based substitute will propel the
  product demand advancing the methyl isobutyl
  ketone market size in the projected timespan.
• Based on MIBK applications, the market is
  segmented into solvent, extraction solvent,
  rubber processing chemical, surfactants and other
  minor applications such as denaturant,
  insecticides, fertilizers etc. Rubber processing
  chemicals segment is anticipated to grow at a
  significant rate to surpass USD 90 million till
  the end of 2025. The rapid growth in the drift
  towards radial tires, the application of MIBK as
  a solvent in the amalgamation of anti-ozonant
  additives and rubber is likely to fuel the methyl
  isobutyl ketone market in the coming years.
• Based on revenue, agrochemicals recorded a
  substantial share among the end-use industries
  growing with a CAGR over 3.5 by 2025. Methyl
  isobutyl ketone is widely used in manufacturing
  insecticides that control garden insects and
  various fertilizers to keep the crops safe before
  harvest. Moreover, it is also an extraction
  solvent for antibiotics and pharmaceutical
  products owing to its high solvency and excellent
  stability.

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Isobutyl Ketone Market _at_ https//bit.ly/2HMYcaD
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U.S. Methyl Isobutyl Ketone (MIBK) Market Size,
by End-use Industry, 2014 2025 (USD Million)

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Industry Coverage

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• Europe is anticipated to control the methyl
  isobutyl ketone (MIBK) market by capturing over
  20 revenue share in 2018 and will generate a
  revenue exceeding USD 190 million by 2025. Prices
  in the region is likely to be higher owing to the
  unavailability of raw materials. Positive outlook
  for bio-based MIBK in the end-use industries will
  bolster the overall market size in future. This
  would not only improve the product demand but
  would also lower the risks to the environment.
• Key MIBK market competitors include Arkema Group,
  The Dow Chemical Company, Royal Dutch Shell,
  Sasol, Mitsubishi Chemicals, Kumho PB Chemicals
  Inc., Mitsui Chemicals, Celanese Corporation,
  Eastman Chemical Company, LCY Group and Jilin
  Chemicals.

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