Methyl isobutyl ketone (MIBK) is a colorless organic compound naturally
occurring in grapes, orange, and vinegar. MIBK can dissolve in water, alcohol,
ether and benzene. There are two main methods of producing MIBK. One is through
acetone condensation, which gives diacetone alcohol that dehydrates to give
mesityl oxide, which is then hydrogenated to MIBK. MIBK is also produced from
isopropanol, with diisobutyl ketone (DIBK) and acetone as co-products. The
major application of this ketone is in the manufacture of lube oil additives,
followed by its use in the extraction process of copper and other ores.
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It is widely used as an industrial solvent in paint, resin,
varnishes, lacquers, in the extraction of rare metals, as a synthetic flavoring
adjuvant, and as an alcohol denaturant. MIBK is approved by the FDA and can be
used as an indirect food additive, and for adhesives, paperboards, and
polymers. The major advantage of MIBK is its high solvency power, low
viscosity, and prevention of gelling in vinyl resin-based coatings.
The MIBK market is primarily driven by the coating and rubber
industry. MIBK is significantly affected by feedstock prices and natural gas
prices. Owing to its tight supply and rise of acetone prices, the cost of MIBK
is expected to increase in the next six years. Environmental regulations are
inhibiting the growth of this market. Slowly bio-based MIBK is replacing
synthetic MIBK, reducing hazardous emissions and carbon footprints.
China is the largest consumer of MIBK, especially in
antiozonants application. MIBK consumption for antiozonants is forecast to grow
at a double digit rate in the Asia-Pacific region. In this region both
production and demand will continue to grow in next six years. Globally more
than 60% of the total MIBK output is used as a solvent in various industrial
processes. The growth of MIBK in solvent applications is expected to be
relatively flat in many developed regions. The global MIBK market is witnessing
sustainable growth. The U.S. and the Western European market is expected to
show sluggish growth compared to Asia-Pacific.
Some of the leading players in the MIBK industry are Dow
Chemicals, Zhejiang Ouhua Chemical Imp.&Exp. Co., Nanjing Jinlong Chemical
Factory, and Suzhou Ruihong Electronic Chemicals Co.
This research report analyzes this market depending on its
market segments, major geographies, and current market trends. Geographies
analyzed under this research report include
·
North
America
·
Asia
Pacific
·
Europe
·
Rest
of the World
This report provides comprehensive analysis of
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Market
growth drivers
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Factors
limiting market growth
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Current
market trends
·
Market
structure
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Market
projections for upcoming years
This report is a complete study of current trends in the market,
industry growth drivers, and restraints. It provides market projections for the
coming years. It includes analysis of recent developments in technology,
Porter’s five force model analysis and detailed profiles of top industry
players. The report also includes a review of micro and macro factors essential
for the existing market players and new entrants along with detailed value
chain analysis.
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