Market Overview

The Global Methyl Isobutyl Ketone (MIBK) Market was valued at USD 793.1 million in 2023 and is expected to reach USD 1,093.8 million by 2031 while growing at a CAGR of 4.1% during the forecast period (2024-2031). 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global methyl isobutyl ketone (MIBK) market growth. Methyl Isobutyl Ketone (MIBK), a clear liquid with a distinctive ketone odor, serves as a common solvent in diverse industrial applications. It finds widespread use in industries such as paints and coatings, pharmaceuticals, rubber, and plastics, as well as adhesives.

Increasing growth in end-use industries and expanding construction and infrastructure development drive the methyl isobutyl ketone (MIBK) market. However, challenges, including environmental and health concerns, as well as fluctuating raw material prices, may hinder market expansion.

Furthermore, the global methyl isobutyl ketone (MIBK) industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Application Analysis

The Global Methyl Isobutyl Ketone (MIBK) Market is segmented among Solvents, Rubber Processing Chemicals, Surfactants, Denaturants, and Other Applications, based on Application. In 2023, Solvents accounted for the majority of the market share*. 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By End-user Industry Analysis

The Global Methyl Isobutyl Ketone (MIBK) Market is segmented among Paints and Coatings, Pharmaceuticals, Rubber, and Other End-User Industries, based on End-user Industry. In 2023, Paints and Coatings accounted for the majority of the market share*. 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Methyl Isobutyl Ketone (MIBK) Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while Europe is expected to grow with the highest CAGR during the forecast period (2024 – 2031). 

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Arkema Group, Carboclor, Celanese Corp., Dow, Jinzhou Liulu, KH Neochem, KUMHO P&B CHEMICALS., INC., Mitsui Chemicals, Inc., Monument Chemical, and Shell plc.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Methyl Isobutyl Ketone (MIBK) Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Methyl Isobutyl Ketone (MIBK) Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Methyl Isobutyl Ketone (MIBK) Market Segmentation, By Application 

• Global Methyl Isobutyl Ketone (MIBK) Market Share Analysis, By Application 

• Global Methyl Isobutyl Ketone (MIBK) Market Growth Analysis, By Application 

• Global Methyl Isobutyl Ketone (MIBK) Market Trends, By Application 

o Solvents

o Rubber Processing Chemicals

o Surfactants

o Denaturants

o Other Applications

6. Global Methyl Isobutyl Ketone (MIBK) Market Segmentation, By End-user Industry

• Global Methyl Isobutyl Ketone (MIBK) Market Share Analysis, By End-user Industry

• Global Methyl Isobutyl Ketone (MIBK) Market Growth Analysis, By End-user Industry

• Global Methyl Isobutyl Ketone (MIBK) Market Trends, By End-user Industry

o Paints and Coatings

o Pharmaceuticals

o Rubber

o Other End-User Industries

7. Global Methyl Isobutyl Ketone (MIBK) Market Segmentation, By Region

• Global Methyl Isobutyl Ketone (MIBK) Market Share Analysis, By Region

• Global Methyl Isobutyl Ketone (MIBK) Market Growth Analysis, By Region

• Global Methyl Isobutyl Ketone (MIBK) Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Arkema Group*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Carboclor 

• Celanese Corp.

• Dow

• Jinzhou Liulu

• KH Neochem

• Kumho P&B Chemicals., Inc.

• Mitsui Chemicals, Inc.

• Monument Chemical

• Shell plc

 *Similar analysis will be provided for each company listed above.