Market Revenue Methyl Ethyl Ketone (MEK) Market Driver Analysis | Page 2

MEK is also found in drinking water and surface water at numerous sites . One can also come I contact with MEK through contact with household products which contains chemicals or even at the workplace . The quantity , frequency and length of exposure can affect the health of a person . Effects can vary from irritation and headaches to severe damage to skin and nervous system . However , with strict government regulations and rising environmental concerns , the market is expected to experience a downturn as MEK has been marked for its harmful nature in Toxic Substances Control Act by EPA among others . Secondary challenges that can hamper market growth include presence of substitute compounds and raw material price sensitivity . The global MEK market is led by a few manufacturers , particularly based out of China . Despite this , the MEK demand is anticipated to be comparatively slow . Nonetheless , its global supply is expected to rise considerably after the revival of Asia ’ s leading facility situated in China that had been closed down in 2011 due to damages caused by earthquakes .
Application Insights The compound is used as a solvent in various applications and primarily in paints & coatings and printing inks owing to its properties such as low boiling points and low viscosity . Other applications include rubber-based industrial cement , textiles , plastics , cleaning agents and PVC piping . In the pharmaceutical industry , MEK is used in resins and thinners that are applied as lacquers / solvents . In addition , MEK peroxides are used as a catalytic agent in the polymerization process of polyester resins . Global demand for MEK is driven by the rising demand for paints and coatings from furniture , automobile and infrastructural industries .
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The higher solvency and lower density of ketones compared to the corresponding ester substitutes contribute to reduced VOC content just by changing to ketone solvents such as MEK . Owing to the dual functionality , MEK has slow evaporation rate , complete solubility in water and high solvent strength which gives it a unique advantage as a solvent in water-based coatings . For achieving stable production rates and minimizing operational challenges in the production system of MEK , the primary areas requiring attention are Instrumentation and metallurgy in process control parameters , scheduled maintenance and Inspection and acid handling areas .
Regional Insights The global market is segmented into four regions : North America , Europe , Asia Pacific , and Row . Asia Pacific is expected to dominate the MEK industry and emerge as the market leader . This can be attributed to the steady growth in paints & coatings market resulting from heavy consumption in manufacturing and construction industries . The European market is anticipated to experience uniform growth trends on account of stringent regulations and increasing concerns regarding health and fitness which are restraining the use of methyl ethyl