Radiant Insights, Inc has announced the addition of the ” Global and Chinese Methyl isobutyl ketone (MIBK) Industry, 2015 Market Research Report” report to their offering.Methyl Isobutyl Ketone (MIBK), an oxygenated solvent, is a stable and colorless liquid. Its boiling point is at 116.1°C and the molecular weight is 100.16. MIBK offers various advantages. It bears low viscosity and is also a viscosity reducer. It is miscible with most organic solvents and prevents gelling in resin-based vinyl coatings. It also has a high solvency power.
The report “Global and Chinese Methyl isobutyl ketone (MIBK) Industry, 2015 Market Research Report” is available now at http://www.radiantinsights.com/research/global-and-chinese-methyl-isobutyl-ketone-mibk-industry-2015-market-research-report
MIBK gets dissolved in benzene, water, ether, and alcohol. It occurs naturally in oranges, vinegar, and grapes. Synthetically, MIBK is manufactured in two ways. The first is by way of acetone condensation. The second is through derivation from isopropanol. This method results in co-products such as acetone and diisobutyl ketone.
MIBK enjoys approval from the FDA. It is therefore used as an indirect food additive. It is also incorporated into polymers, paperboards, and adhesives. MIBK is used to make lube oil additives. It is a part of the process of extracting ores like copper and rare metals. Industrial uses comprise as a solvent in resins, lacquers, paints, and varnishes. Additionally, MIBK acts as an alcohol denaturant.
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Main end-users of global and Chinese Methyl Isobutyl Ketone (MIBK) market are the rubber and coating industries. Market growth is adversely affected by fluctuations in prices of natural gas and feedstock. Inadequate supply and high prices of acetone could lead to higher costs of MIBK in the coming years.
Another growth challenge is the stringent environmental regulations in many regions of the world. Growing focus on reducing carbon footprints and harmful emissions is creating opportunities for bio-based products. Bio-based MIBK is steadily replacing synthetic MIBK.
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Solvent applications in industrial processes accounted for over 59% of the total volumes in the recent past. Developed markets like North America and Europe may not exhibit major growth in such applications in the near future. Accelerated growth across applications will occur in Asia Pacific.
China is the largest producer and consumer of MIBK. This may be attributed to robust economic growth, high investments, large industrial output, etc. Consumption of MIBK for antiozonants will witness double-digit growth in Asia Pacific till 2020.
Leading participants in the global and Chinese Methyl Isobutyl Ketone (MIBK) market are Dow Chemical Company, Suzhou Ruihong Electronic Chemicals Co., Nanjing Jinlong Chemical Factory, and Zhejiang Ouhua Chemical Import & Export Co
Read Other Reports by Radiant Insights:
• Picramic acid Industry
• Carboxyl methyl Cellulose (CMC) Industry
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