Methyl Ethyl Ketone (MEK) Market To Expand At A CAGR Of 4.5% From 2016 To 2024
New Market Research Reports Title “Methyl Ethyl Ketone (MEK) Market Analysis Size and Segment Forecasts to 2024” Has Been Added to Grand View Research Report Database
The global methyl ethyl ketone (MEK) market is expected to reach USD 4.01 billion by 2024, according to a new report by Grand View Research, Inc. Urbanization and industrialization in emerging economies of Asia Pacific and the Middle East have driven the need for better infrastructure.
Increasing construction spending by governments particularly in China and India to meet the rising infrastructure needs has been driving the construction industry growth which in turn is anticipated to drive demand for adhesives, printing inks, plastics, paints, and coatings demand.
Expanding product penetration in pharmaceuticals can be attributed to its ability to breakdown quaternary proteins structure and increase drug penetration. Growing pharmaceutical industry globally is expected to offer growth opportunities in denaturing applications.
Increasing chronic and terminal ailments prevalence is further driving the specialty drugs demand which in turn is anticipated to significantly impact product volumes over the forecast period. Volatile raw material prices and potential substitution by green solvents across various end-use industries are anticipated to remain key challenges for participants over the forecast period.
Browse full research report on Global Methyl Ethyl Ketone (MEK) Market: http://www.grandviewresearch.com/industry-analysis/methyl-ethyl-ketone-mek-market
Further key findings from the report suggest:
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/organic-chemicals-and-compounds
Grand View Research has segmented the methyl ethyl ketone (MEK) market on the basis of application and region:
Global Methyl Ethyl Ketone (MEK) Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
Global Methyl Ethyl Ketone (MEK) Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2024)
Access press release of this research report by Grand View Research: http://www.grandviewresearch.com/press-release/global-methyl-ethyl-ketone-mek-market
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