Methyl Pentanone Market: Introduction-
Methyl Pentanone also is known as methyl isobutyl ketone (MIBK) is a colourless liquid with a smell similar to mothballs. Methyl Pentanone easily gets dissolved into ether, alcohols, benzene and water. Methyl Pentanone occurs naturally in various fruits such as oranges, grapes and also in vinegar. Methyl pentanone is produced by the condensation reaction of acetone with diacetone alcohol and mesityl oxide. Methyl pentanone can also be produced by reacting isopropyl bromide with sodium acetoacetic acid. This diacetone alcohol is produced by treating acetone with Barium hydroxide. Methyl pentanone is widely used in coatings solvents, hard surface cleaners, insecticides, pesticides, laundry starches, paints and varnish products etc.
Methyl Pentanone Market: Dynamics-
The paint & coatings industry is the major end-use sector for the methyl pentanone market, where wide consumption of methyl pentanone in resin-based and cellulose-based coatings is driving the market of methyl pentanone globally. Moreover, with methyl pentanone being also used in the synthetic rubber industry for the production of paraffin wax and other in household products such as glues, varnishes, paint remover and lacquer etc. is further propelling the demand of methyl pentanone particularly from the rubber industry. Furthermore, increasing demand for separating agent from metallurgy industry is also augmenting the demand for methyl pentanone as it is used for various purposes such as separating agent for metal from solution and plutonium from uranium in the mining industry.
Crop protection from the insects and weeds is another factor in propelling the demand of methyl pentanone, as methyl pentanone is used in the formulation of effective pesticides. Methyl pentanone also provides coating and finishing to textile and leather products which is additionally leading to an upsurge in demand of methyl pentanone from textile and leather industry. Growing demand for fancy food items such as jelly’s, juices, pastries etc. Also fueling the demand for methyl pentanone to provide artificial flavouring and holding the food items for a long time, however, as per government norms the concentration of methyl pentanone in food items should not be more than 4%. Increasing demand for cosmetic products among consumer is also moving ahead of the market of methyl pentanone, methyl pentanone is used as a solvent in cosmetic products and as an excipient in drugs. In addition to Methyl Pentanone is widely used for antibacterial treatment for several applications. Thus, the Methyl Pentanone market is one of the significant competitive and dynamic markets globally. Which continues to grow due to its increasing demand from end-use industry
However, exposure of gas or vapours at the workplace during the production of methyl pentanone is hazardous for human health due to which government implemented strict regulation on the production of methyl pentanone which may hinder the market growth of methyl pentanone
Methyl Pentanone Market: Segments-
The global Methyl Pentanone market can be segmented based on purity grade and its applications
Based on purity grade, the global Methyl Pentanone market can be segmented as follows:
Based on application, the global Methyl Pentanone market can be segmented as follows:
Methyl Pentanone Market: Regional Overview –
East Asia is anticipated to be the most lucrative market for methyl pentanone due to growing coating and personal care industry industries in an emerging country such as China, India. Whereas, in North America and Latin America is expected to show moderate growth in the methyl pentanone market due to the presence of established end-use industry. Moreover, Europe is witness to represent the significant growth in the market of methyl pentanone due to increasing coating and rubber industry. Increasing cosmetic and rubber industry in the Middle East & Africa region results in the healthy growth for the market of Methyl Pentanone
Methyl Pentanone Market: Key Market Participants
Some of the key market participants in the market of Methyl Pentanone are as follows:-
The report covers exhaustive analysis on,-
The Regional analysis includes,-
The Methyl Pentanone Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with Methyl Pentanone Market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.