Rising Demand Of Methyl Isobutyl Ketone Market For Rubber Processing Chemicals
Category: #reports  By Rahul Sankrityayan  Date: 2020-05-21
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Rising Demand Of Methyl Isobutyl Ketone Market For Rubber Processing Chemicals

The rubber processing chemicals segment of the methyl isobutyl ketone market is expected to witness rapid growth on account of swelling demands from the tyre in the automotive sectors along with growing application across diverse industries. MIBK is used to produce target molecules such as rubber antiozonants which are later utilized in the tyre production. The promising shift towards radial tyres has also led to increased product traction lately.

Rising demand of methyl isobutyl ketone for rubber processing chemicals in automotive and construction industry in order to improve the oxidation, resistance of rubber to heat, mechanical stresses and hardness of rubber, that will advance its properties for various end-use applications. Moreover, MIBK is also used as a solvent for surface coating applications in these industries. Increasing importance of the product in these industries will boost methyl isobutyl ketone market growth globally.

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Growth Drivers are

  • Growing automotive industry is propelling tire production
  • Increasing construction activities in Asia Pacific is swelling the use of surface coatings
  • Improving agriculture output is driving agrochemical usage

Endowed with a profound application landscape spanning automotive, construction, chemicals and pharmaceutical sectors, methyl isobutyl ketone market has procured commendable proceeds in the last few decades. The product is used as a chemical intermediate solvent for the manufacturing of paints, rubber, medicines, industrial cleaners and other chemicals. It is extremely efficient in dissolving resins used in inks, paints, lacquers and other surface coatings, and is also used as an extractant for antibiotics and other pharmaceutical products. Additionally, MIBK is used as a rubber processing chemical for the production of tyres for automotive vehicles.

Methyl Isobutyl Ketone Market based on applications, the market is categorized into solvent, rubber processing chemical, extraction solvent, surfactants and other applications that include insecticides, denaturant, fertilizers, etc. Surfactants here is projected to grow at suitable rate to exceed USD 35 million by the end of projected timespan. The rapid growing automotive, marine and construction industry continuously demand the use of MIBK as a surfactant for cleaning, dispersing, wetting, foaming, emulsifying and anti-foaming that is likely to trigger the product need in the coming years.

Methyl Isobutyl Ketone Market based in end-user, the market is categorized into paints & coatings, automotive, pharmaceuticals, agrochemicals and other end-user that includes marine, building & constructions, etc. Automotive here is expected to grow at significant rate to exceed USD 145 million mark by the end of 2025. The rising demand for rubber processing in the segment is likely to drive the product demand in the near future.

Middle East & Africa is expected to cross a CAGR of 3.5% by revenue for the projected timespan. This is due to countries in the region such as Saudi Arabia, UAE, Kuwait are likely to provide profitable opportunities for the product market owing to the increasing demand for commercial infrastructure and development activities in the region.

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Key product competitors in market are Kumho P&B, The Dow Chemical Company, Arkema Group, Royal Dutch Shell, Mitsubishi Chemicals, Sasol, Sigma-Aldrich, Chemicals Inc., Mitsui Chemicals, Celanese Corporation, LCY Group, Eastman Chemical Company, Lee Chang Yung Chemical and Jilin Chemicals.

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About Author

Rahul Sankrityayan

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Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Technology Magazine, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experie...

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