International. The report notes that the global Methylethylketone (MEK) market generated revenue of US$2,254 million in 2012. Expanding by a moderate 4.50% CAGR between 2013 and 2019. Market revenue is expected to increase to US$3,064 million in 2019.
Transparency Market Research's study that key uses have been observed in the paints and coatings industry. The development of the construction and infrastructure industry, therefore, has a huge impact on the global MEK market. In recent years, a high growth observed in the construction industry of the Asia Pacific region, especially in China, has considerably increased the demand for MEK in the global market. Other application areas including textiles and printing inks are also substantially driving the demand of the global MEK market.
The report notes that the paints and coatings application segment led the global MEK market and generated revenues of US$1,223 million in 2012. The rapid development of the construction and infrastructure industries in emerging countries and developing nations will further boost the paints and coatings industry, thus significantly increasing the demand for MEK in emerging nations.
Demand for MEK is also expected to increase in the ink, textile, printing and plastics industries. Growth in packaging and advertising industries will also help the growth of the global MEK market.
