Methyl Isobutyl Ketone Market to Receive Overwhelming Hike in Revenues 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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Global Methyl Isobutyl Ketone Market Key Player

•  Dow Chemical Company
• Royal Dutch Shell Plc
• Kumho PB, Lee Chang Yung Chemical
• Celanese Corporation, Eastman Chemical Company
• Mitsubishi Chemical Holdings Corporation
• Mitsui Chemicals, Inc.

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