Transparency Market Research in its new report titled, “Methyl Ethyl Ketone Peroxides Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the methyl ethyl ketone peroxides market. The TMR report anticipates that the rise in the demand from paints & coatings industry will drive the methyl ethyl ketone peroxides market during the forecast period i.e, 2018-2026. The paints & coatings industry accounted for almost half of the share of the methyl ethyl ketone peroxide market. Methyl ethyl ketone peroxide is used in the paints & coatings industry as low viscosity solutions can be obtained having high solid content without affecting the film properties. Furthermore, these paints are used for end-applications in the automotive, electronics, and furniture industries, says the report.
The TMT report states that methyl ethyl ketone peroxide finds application in various industries, based on its concentration and mixture, such as paints & coatings, printing inks, etc. As per the report, the printing inks segment accounted for an average share of the methyl ethyl ketone peroxides market. Market share of the segment is anticipated to rise at a steady rate during the forecast period. Methyl ethyl ketone peroxide is used as a low temperature bonding and azeotropic separation solvent for printing inks. Other applications of methyl ethyl ketone peroxide comprise rubber, pharmaceutical, etc. In the rubber industry, methyl ethyl ketone peroxide is used due to its fast evaporation rate, which makes it popular for rubber-based industrial cements. In the pharmaceutical industry, methyl ethyl ketone is used for manufacturing of drugs, cosmetics, etc.
From a regional perspective, Asia Pacific accounted for the major share of methyl ethyl ketone peroxides market, in 2016. China and India are the major consumers of methyl ethyl ketone peroxide in the region. Growing population in these countries has augmented the demand for paints & coatings, pharmaceutical, printing inks, and rubber. Increased population leads to increased demand for medical drugs. The printing inks segment is also observed to undergo rapid growth in Asia Pacific during the forecast period. Intermediate chemical applications in the industrial segment are expected to serve as a key driver of the methyl ethyl ketone peroxide market in the next few years. North America and Europe exhibited an average demand for methyl ethyl ketone peroxide, in 2016. Demand for paints & coatings in Europe and North America regions are observed to decrease during the forecast period. Paints & coatings is a key application segment of the methyl ethyl ketone peroxide market. Middle East & Africa and Latin America held the lowest share of the methyl ethyl ketone peroxide market, in 2016. The share of these regions are projected to increase at a slow rate during the forecast period.
Some of the prominent companies operating in the methyl ethyl ketone peroxide market are profiled in this report to give a better competitive landscape include Arkema, AkzoNobel N.V., Eastman Chemical Corporation, Norac, and Luoyang Shuangyue Guhuaji.
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