The report of India Methyl Ethyl Ketone Market by Application (Solvent, Resin, Printing Ink, Adhesive), Industry (Paints & Coatings, Rubber, Construction, Packaging & Publishing, Others) is expected to reach US$ XX Mn by 2026, at a CAGR of XX% during a forecast period.
Market Demand for Methyl Ethyl Ketone Market
Strong application scope in personal care and pharmaceutical industries in India because of the usage of MEK in the production of antiseptics, anesthetics, drugs, and lotions. Methyl ethyl ketone consumption in other Asia Ocean is expected to increase at an average rate of about 4% per year during the forecast period, led by growth in India. MEK consumption in India will increase only modestly during 2020-2027. The slower world consumption growth (compared with previous years) reflects a slowing international economy, competition from other solvents, and technology replacement in the coatings market, as powder and waterborne technologies are rising at the expense of their solvent-based counterparts.
Construction segment to dominate the India Methyl Ethyl Ketone Market.
The rapid development in the construction industry is expected to stimulate MEK Market dynamics. Growing constructional spending in India, coupled with increasing consumer inclination toward supreme quality paints and coatings is growing the Indian product demand. Because of some of the attributing features of the product such as high evaporation rate, and low viscosity, strong solvency, the application landscape of the MEK market encompasses the pharmaceutical and healthcare industry as well.
Paints & coatings is expected to grow at the largest CAGR of XX% during the forecast period.
Paints & coatings emerged as the leading application segment and are expected to register a CAGR of XX.4% during the forecast period. High demand for powder coatings in automobiles and electronics industries has significantly boosted the product consumption in this application segment. Adhesives and printing ink segments are also expected to witness significant growth during the forecast period.
Key players operating in the India Methyl Ethyl Ketone Market are Prasol Chemicals Pvt Ltd, Shell Chemicals, Exxonmobil Co India Private Limited, Norac, NOREX FLAVOURS PRIVATE LIMITED, AkzoNobel, and YOG INTERNATIONAL PVT. LTD., Tasco Chemical, B. Pankajkumar & Co., Osho Chem, Globe Indya Chemie, Amber Chemicals, Cetex Petrochemicals Ltd., Yingde Power Chemical
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the India Methyl Ethyl Ketone Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the India Methyl Ethyl Ketone Market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain India Methyl Ethyl Ketone Market positioning of competitors.
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