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Date Submitted: 11/24/2016 01:24 AM
Transparency Market
Research
Methyl Isobutyl Ketone Market - Global Industry
Analysis, Size, Share, Growth, Trends, and Forecast
2016 - 2024
Published Date
16-Nov-2016
145 Page Report
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Press Release
Global Methyl Isobutyl Ketone (MIBK) Market: Increased
Focus on Development of Bio-based Product Range Vital for
Sustainable Growth, says TMR
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Methyl Isobutyl Ketone Market
REPORT DESCRIPTION
Methyl Isobutyl Ketone Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
2016 - 2024
The global market for methyl isobutyl ketone (MIBK) features a largely consolidated competitive landscape,
with the top five players accounting for over 55% of the overall market in 2015. These companies, namely
Shell Chemicals, Kumho P&B Chemicals., Inc., Celanese Corporation, The Dow Chemical Company, and LCY
Chemical Corp. have established strong distribution and sales channels to enhance their reach and market
their products to customers across the globe. The degree of competition in the market is expected to be low to
medium during the forecast period. Focus on the increased production of bio-based MIBK is anticipated to offer
lucrative opportunities to market participants in terms of product development in the near future.
Transparency Market Research estimates that the global methyl isobutyl ketone market will exhibit a 7.5%
CAGR over the period between 2016 and 2024. If the prediction holds true, the market, which valued at
US$827.4 mn in 2015, will rise to US$1,572.3 mn by 2024.
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In terms of application, the solvent segment accounted for the leading share of the market in 2015 and is
anticipated to expand at a promising CAGR of 7.7% between 2016...