Methyl Acetone Market Analysis, Region & Country Revenue Share, & Forecast Till 2027
Increasing demand for methyl ethyl ketone in the online retailing business, coupled with high investment in R&D of methyl ethyl ketone, is fueling the market growth. Methyl Acetone Market Size – USD 3.07 Billion in 2018, Market Growth - CAGR of 5.3%, Market trends – Increase in demand for methyl ethyl ketone in the paints & coatings applications. The Global Methyl Acetone Market is forecast to reach USD 4.93 Billion by 2027, according to a new report by Reports and Data. The Methyl Ethyl Ketone (MEK) is an aliphatic ketone with a colorless or pale yellow shade, flammable, highly water-soluble industrial and commercial chemical with a strong, pungent odor. Methyl ethyl ketone is mostly used as a solvent in the manufacturing of surface coating applications and also widely utilized as an intermediate solvent chemical in the formulation of various chemical processing. Paints, inks, synthetic resin, varnishes, surface coating, and denaturant, food flavoring in many ethano...