The global demand for methyl ethyl ketone peroxide (MEKP) is projected to grow at a CAGR of around 4.8% to 5% during the forecast period from 2022 to 2032, totaling a valuation of nearly USD 5 Billion by the end of 2028.
The rising application of methyl ethyl ketone peroxide in polymer and composite manufacturing is driving growth in the global methyl ethyl ketone peroxide market.
| Report Attribute | Details |
|---|---|
| Methyl Ethyl Ketone Peroxide (MEKP) Market Estimated Growth Rate (2022 to 2032) | 4.8% to 5% CAGR |
| Methyl Ethyl Ketone Peroxide (MEKP) Market Projected Size (2028) | USD 5 Billion |
Methyl ethyl ketone peroxide (MEKP) is a type of colorless organic peroxide derived from the reaction of methyl ethyl ketone and hydrogen peroxide. It is mostly used in the vulcanization of polymers.
It possesses a strong oxidizing property and is therefore used as a catalyst in the curing of some polymers like polyester, acrylic, and silicone resins
The rising usage of methyl ethyl ketone peroxide in making plastic monomers, as a curing agent in polyester resin, and as a cross-linking agent and catalyst in making polymers will boost the growth of methyl ethyl ketone peroxide.
The rising usage of methyl ethyl ketone peroxide as a catalyst in curing applications and the rapid expansion of the polymer and composite industry are some of the major factors spurring growth in the global methyl ethyl ketone peroxide market.
Over the years, methyl ethyl ketone peroxide has become one of the most widely adopted catalyzing or curing agents across various industries and the trend is likely to further escalate during the forecast period.
Similarly, rising demand for lightweight and high-performance materials such as composites and fiber-reinforced plastics (FRP) from various industries including automotive, aerospace, defense, and other manufacturing industries will continue to boost the sales of methyl ethyl ketone peroxide products during the forthcoming years.
Increasing usage of methyl ethyl ketone peroxide (MEKP) in the manufacturing of acrylic acid supported by growing demand for acrylic acid across various industries will further expand the methyl ethyl ketone peroxide (MEKP) market size in the future.
Despite positive growth projections, there are some factors that are challenging the growth of the methyl ethyl ketone peroxide (MEKP) market. Some of these factors include the highly explosive nature of methyl ethyl ketone peroxide, easy availability of alternative curing agents, and increasing safety norms across developed and developing regions.
Methyl ethyl ketone peroxide (MEKP) is highly explosive and flammable in nature. As a result, there are various risks associated with its production and handling. This in turn is limiting its usage to a large extent.
According to Future Market Insights, Asia Pacific dominates the global methyl ethyl ketone peroxide market and is likely to grow at a relatively higher CAGR during the forecast period.
Growth in the Asia Pacific market is driven by the rising adoption of methyl ethyl ketone peroxide in the polymer and composite industry, the rapid expansion of the packaging industry, and the strong presence of leading methyl ethyl ketone peroxide manufacturing companies.
Emerging nations such as China and India are becoming global hubs for methyl ethyl ketone peroxide due to rapid penetration of industrialization and urbanization, economic boom, and thriving electronics and polymer industries. This in turn is creating space for methyl ethyl ketone peroxide market growth in the region.
As per FMI, demand for methyl ethyl ketone peroxide (MEKP) is expected to grow at a steady pace across Europe during the forecast period. This is due to the rapid expansion of industries like automotive, packaging, etc.
For instance, Butanox has become highly popular across European countries for producing glass fiber-reinforced solutions and curing thermoset resins, coatings, and composite materials.
Most of the end-use industries based in European countries like Germany and the United Kingdom are using methyl ethyl ketone peroxide for manufacturing composites and polymers. Hence, a rise in sales of these products will eventually trigger the growth of the methyl ethyl ketone peroxide market.
Some of the key participants present in the global methyl ethyl ketone peroxide (MEKP) market include Arkema, AkzoNobel Specialty Chemicals (Nouryon), Redox Pty Ltd, Fibre Glass Developments Corp., Jacobson Chemicals Ltd, SHIV SHAKTI CATALYST, Kawaguchi Chemical Co., Ltd., Parchem fine & specialty chemicals, Polymer Products (Phil), Inc., SAMUH LAXMI CHEMICALS (BOM) P. LTD., Freeman Mfg. & Supply Co., Chemx, Link Composites Pvt. Ltd.
The global methyl ethyl ketone peroxide (MEKP) market is highly dynamic in nature due to the large presence of regional and domestic players. In order to capitalize on and meet the end-user demands, leading manufacturers are adopting various strategies such as increasing production capacity, new product launches, the establishment of new facilities, partnerships, and collaborations.
For instance, in March 2019, Nouryon started production of Butanox, one of its methyl ethyl ketone peroxide (MEKP) product lines, at its site in Pasadena, Texas, to meet the growing demand in the region.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.8% - 5% from 2022 to 2032 |
| Projected Growth Rate (2028) | USD 5 Billion |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
Function, Application, Resin Type, Region |
| Regions Covered |
North America; Latin America; Western Europe; Eastern Europe; Asia Pacific excluding Japan; Japan; Middle East and Africa |
| Key Countries Profiled |
USA, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASIAN, GCC Countries, South Africa |
| Key Companies Profiled |
Arkema; AkzoNobel Specialty Chemicals; Redox Pty Ltd; Fibre Glast Developments Corp.; Jacobson Chemicals Ltd; SHIV SHAKTI CATALYST; Kawaguchi Chemical Co., Ltd.; Parchem fine & specialty chemicals; Polymer Products (Phil), Inc.; SAMUH LAXMI CHEMICALS (BOM) P. LTD.; Freeman Mfg. & Supply Co.; Chemx; Link Composites Pvt. Ltd. |
| Customization | Available Upon Request |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2017 to 2032
Table 2: Global Market Volume (Liters) Forecast by Region, 2017 to 2032
Table 3: Global Market Value (US$ Million) Forecast by Function, 2017 to 2032
Table 4: Global Market Volume (Liters) Forecast by Function, 2017 to 2032
Table 5: Global Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 6: Global Market Volume (Liters) Forecast by Application, 2017 to 2032
Table 7: Global Market Value (US$ Million) Forecast by Resin Type, 2017 to 2032
Table 8: Global Market Volume (Liters) Forecast by Resin Type, 2017 to 2032
Table 9: North America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 10: North America Market Volume (Liters) Forecast by Country, 2017 to 2032
Table 11: North America Market Value (US$ Million) Forecast by Function, 2017 to 2032
Table 12: North America Market Volume (Liters) Forecast by Function, 2017 to 2032
Table 13: North America Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 14: North America Market Volume (Liters) Forecast by Application, 2017 to 2032
Table 15: North America Market Value (US$ Million) Forecast by Resin Type, 2017 to 2032
Table 16: North America Market Volume (Liters) Forecast by Resin Type, 2017 to 2032
Table 17: Latin America Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 18: Latin America Market Volume (Liters) Forecast by Country, 2017 to 2032
Table 19: Latin America Market Value (US$ Million) Forecast by Function, 2017 to 2032
Table 20: Latin America Market Volume (Liters) Forecast by Function, 2017 to 2032
Table 21: Latin America Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 22: Latin America Market Volume (Liters) Forecast by Application, 2017 to 2032
Table 23: Latin America Market Value (US$ Million) Forecast by Resin Type, 2017 to 2032
Table 24: Latin America Market Volume (Liters) Forecast by Resin Type, 2017 to 2032
Table 25: Europe Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 26: Europe Market Volume (Liters) Forecast by Country, 2017 to 2032
Table 27: Europe Market Value (US$ Million) Forecast by Function, 2017 to 2032
Table 28: Europe Market Volume (Liters) Forecast by Function, 2017 to 2032
Table 29: Europe Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 30: Europe Market Volume (Liters) Forecast by Application, 2017 to 2032
Table 31: Europe Market Value (US$ Million) Forecast by Resin Type, 2017 to 2032
Table 32: Europe Market Volume (Liters) Forecast by Resin Type, 2017 to 2032
Table 33: Asia Pacific Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 34: Asia Pacific Market Volume (Liters) Forecast by Country, 2017 to 2032
Table 35: Asia Pacific Market Value (US$ Million) Forecast by Function, 2017 to 2032
Table 36: Asia Pacific Market Volume (Liters) Forecast by Function, 2017 to 2032
Table 37: Asia Pacific Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 38: Asia Pacific Market Volume (Liters) Forecast by Application, 2017 to 2032
Table 39: Asia Pacific Market Value (US$ Million) Forecast by Resin Type, 2017 to 2032
Table 40: Asia Pacific Market Volume (Liters) Forecast by Resin Type, 2017 to 2032
Table 41: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2017 to 2032
Table 42: Middle East and Africa Market Volume (Liters) Forecast by Country, 2017 to 2032
Table 43: Middle East and Africa Market Value (US$ Million) Forecast by Function, 2017 to 2032
Table 44: Middle East and Africa Market Volume (Liters) Forecast by Function, 2017 to 2032
Table 45: Middle East and Africa Market Value (US$ Million) Forecast by Application, 2017 to 2032
Table 46: Middle East and Africa Market Volume (Liters) Forecast by Application, 2017 to 2032
Table 47: Middle East and Africa Market Value (US$ Million) Forecast by Resin Type, 2017 to 2032
Table 48: Middle East and Africa Market Volume (Liters) Forecast by Resin Type, 2017 to 2032
Figure 1: Global Market Value (US$ Million) by Function, 2022 to 2032
Figure 2: Global Market Value (US$ Million) by Application, 2022 to 2032
Figure 3: Global Market Value (US$ Million) by Resin Type, 2022 to 2032
Figure 4: Global Market Value (US$ Million) by Region, 2022 to 2032
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2017 to 2032
Figure 6: Global Market Volume (Liters) Analysis by Region, 2017 to 2032
Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2022 to 2032
Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2022 to 2032
Figure 9: Global Market Value (US$ Million) Analysis by Function, 2017 to 2032
Figure 10: Global Market Volume (Liters) Analysis by Function, 2017 to 2032
Figure 11: Global Market Value Share (%) and BPS Analysis by Function, 2022 to 2032
Figure 12: Global Market Y-o-Y Growth (%) Projections by Function, 2022 to 2032
Figure 13: Global Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 14: Global Market Volume (Liters) Analysis by Application, 2017 to 2032
Figure 15: Global Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 16: Global Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 17: Global Market Value (US$ Million) Analysis by Resin Type, 2017 to 2032
Figure 18: Global Market Volume (Liters) Analysis by Resin Type, 2017 to 2032
Figure 19: Global Market Value Share (%) and BPS Analysis by Resin Type, 2022 to 2032
Figure 20: Global Market Y-o-Y Growth (%) Projections by Resin Type, 2022 to 2032
Figure 21: Global Market Attractiveness by Function, 2022 to 2032
Figure 22: Global Market Attractiveness by Application, 2022 to 2032
Figure 23: Global Market Attractiveness by Resin Type, 2022 to 2032
Figure 24: Global Market Attractiveness by Region, 2022 to 2032
Figure 25: North America Market Value (US$ Million) by Function, 2022 to 2032
Figure 26: North America Market Value (US$ Million) by Application, 2022 to 2032
Figure 27: North America Market Value (US$ Million) by Resin Type, 2022 to 2032
Figure 28: North America Market Value (US$ Million) by Country, 2022 to 2032
Figure 29: North America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 30: North America Market Volume (Liters) Analysis by Country, 2017 to 2032
Figure 31: North America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 32: North America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 33: North America Market Value (US$ Million) Analysis by Function, 2017 to 2032
Figure 34: North America Market Volume (Liters) Analysis by Function, 2017 to 2032
Figure 35: North America Market Value Share (%) and BPS Analysis by Function, 2022 to 2032
Figure 36: North America Market Y-o-Y Growth (%) Projections by Function, 2022 to 2032
Figure 37: North America Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 38: North America Market Volume (Liters) Analysis by Application, 2017 to 2032
Figure 39: North America Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 40: North America Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 41: North America Market Value (US$ Million) Analysis by Resin Type, 2017 to 2032
Figure 42: North America Market Volume (Liters) Analysis by Resin Type, 2017 to 2032
Figure 43: North America Market Value Share (%) and BPS Analysis by Resin Type, 2022 to 2032
Figure 44: North America Market Y-o-Y Growth (%) Projections by Resin Type, 2022 to 2032
Figure 45: North America Market Attractiveness by Function, 2022 to 2032
Figure 46: North America Market Attractiveness by Application, 2022 to 2032
Figure 47: North America Market Attractiveness by Resin Type, 2022 to 2032
Figure 48: North America Market Attractiveness by Country, 2022 to 2032
Figure 49: Latin America Market Value (US$ Million) by Function, 2022 to 2032
Figure 50: Latin America Market Value (US$ Million) by Application, 2022 to 2032
Figure 51: Latin America Market Value (US$ Million) by Resin Type, 2022 to 2032
Figure 52: Latin America Market Value (US$ Million) by Country, 2022 to 2032
Figure 53: Latin America Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 54: Latin America Market Volume (Liters) Analysis by Country, 2017 to 2032
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 57: Latin America Market Value (US$ Million) Analysis by Function, 2017 to 2032
Figure 58: Latin America Market Volume (Liters) Analysis by Function, 2017 to 2032
Figure 59: Latin America Market Value Share (%) and BPS Analysis by Function, 2022 to 2032
Figure 60: Latin America Market Y-o-Y Growth (%) Projections by Function, 2022 to 2032
Figure 61: Latin America Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 62: Latin America Market Volume (Liters) Analysis by Application, 2017 to 2032
Figure 63: Latin America Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 65: Latin America Market Value (US$ Million) Analysis by Resin Type, 2017 to 2032
Figure 66: Latin America Market Volume (Liters) Analysis by Resin Type, 2017 to 2032
Figure 67: Latin America Market Value Share (%) and BPS Analysis by Resin Type, 2022 to 2032
Figure 68: Latin America Market Y-o-Y Growth (%) Projections by Resin Type, 2022 to 2032
Figure 69: Latin America Market Attractiveness by Function, 2022 to 2032
Figure 70: Latin America Market Attractiveness by Application, 2022 to 2032
Figure 71: Latin America Market Attractiveness by Resin Type, 2022 to 2032
Figure 72: Latin America Market Attractiveness by Country, 2022 to 2032
Figure 73: Europe Market Value (US$ Million) by Function, 2022 to 2032
Figure 74: Europe Market Value (US$ Million) by Application, 2022 to 2032
Figure 75: Europe Market Value (US$ Million) by Resin Type, 2022 to 2032
Figure 76: Europe Market Value (US$ Million) by Country, 2022 to 2032
Figure 77: Europe Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 78: Europe Market Volume (Liters) Analysis by Country, 2017 to 2032
Figure 79: Europe Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 80: Europe Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 81: Europe Market Value (US$ Million) Analysis by Function, 2017 to 2032
Figure 82: Europe Market Volume (Liters) Analysis by Function, 2017 to 2032
Figure 83: Europe Market Value Share (%) and BPS Analysis by Function, 2022 to 2032
Figure 84: Europe Market Y-o-Y Growth (%) Projections by Function, 2022 to 2032
Figure 85: Europe Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 86: Europe Market Volume (Liters) Analysis by Application, 2017 to 2032
Figure 87: Europe Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 88: Europe Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 89: Europe Market Value (US$ Million) Analysis by Resin Type, 2017 to 2032
Figure 90: Europe Market Volume (Liters) Analysis by Resin Type, 2017 to 2032
Figure 91: Europe Market Value Share (%) and BPS Analysis by Resin Type, 2022 to 2032
Figure 92: Europe Market Y-o-Y Growth (%) Projections by Resin Type, 2022 to 2032
Figure 93: Europe Market Attractiveness by Function, 2022 to 2032
Figure 94: Europe Market Attractiveness by Application, 2022 to 2032
Figure 95: Europe Market Attractiveness by Resin Type, 2022 to 2032
Figure 96: Europe Market Attractiveness by Country, 2022 to 2032
Figure 97: Asia Pacific Market Value (US$ Million) by Function, 2022 to 2032
Figure 98: Asia Pacific Market Value (US$ Million) by Application, 2022 to 2032
Figure 99: Asia Pacific Market Value (US$ Million) by Resin Type, 2022 to 2032
Figure 100: Asia Pacific Market Value (US$ Million) by Country, 2022 to 2032
Figure 101: Asia Pacific Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 102: Asia Pacific Market Volume (Liters) Analysis by Country, 2017 to 2032
Figure 103: Asia Pacific Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 104: Asia Pacific Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 105: Asia Pacific Market Value (US$ Million) Analysis by Function, 2017 to 2032
Figure 106: Asia Pacific Market Volume (Liters) Analysis by Function, 2017 to 2032
Figure 107: Asia Pacific Market Value Share (%) and BPS Analysis by Function, 2022 to 2032
Figure 108: Asia Pacific Market Y-o-Y Growth (%) Projections by Function, 2022 to 2032
Figure 109: Asia Pacific Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 110: Asia Pacific Market Volume (Liters) Analysis by Application, 2017 to 2032
Figure 111: Asia Pacific Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 112: Asia Pacific Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 113: Asia Pacific Market Value (US$ Million) Analysis by Resin Type, 2017 to 2032
Figure 114: Asia Pacific Market Volume (Liters) Analysis by Resin Type, 2017 to 2032
Figure 115: Asia Pacific Market Value Share (%) and BPS Analysis by Resin Type, 2022 to 2032
Figure 116: Asia Pacific Market Y-o-Y Growth (%) Projections by Resin Type, 2022 to 2032
Figure 117: Asia Pacific Market Attractiveness by Function, 2022 to 2032
Figure 118: Asia Pacific Market Attractiveness by Application, 2022 to 2032
Figure 119: Asia Pacific Market Attractiveness by Resin Type, 2022 to 2032
Figure 120: Asia Pacific Market Attractiveness by Country, 2022 to 2032
Figure 121: Middle East and Africa Market Value (US$ Million) by Function, 2022 to 2032
Figure 122: Middle East and Africa Market Value (US$ Million) by Application, 2022 to 2032
Figure 123: Middle East and Africa Market Value (US$ Million) by Resin Type, 2022 to 2032
Figure 124: Middle East and Africa Market Value (US$ Million) by Country, 2022 to 2032
Figure 125: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2017 to 2032
Figure 126: Middle East and Africa Market Volume (Liters) Analysis by Country, 2017 to 2032
Figure 127: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2022 to 2032
Figure 128: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2022 to 2032
Figure 129: Middle East and Africa Market Value (US$ Million) Analysis by Function, 2017 to 2032
Figure 130: Middle East and Africa Market Volume (Liters) Analysis by Function, 2017 to 2032
Figure 131: Middle East and Africa Market Value Share (%) and BPS Analysis by Function, 2022 to 2032
Figure 132: Middle East and Africa Market Y-o-Y Growth (%) Projections by Function, 2022 to 2032
Figure 133: Middle East and Africa Market Value (US$ Million) Analysis by Application, 2017 to 2032
Figure 134: Middle East and Africa Market Volume (Liters) Analysis by Application, 2017 to 2032
Figure 135: Middle East and Africa Market Value Share (%) and BPS Analysis by Application, 2022 to 2032
Figure 136: Middle East and Africa Market Y-o-Y Growth (%) Projections by Application, 2022 to 2032
Figure 137: Middle East and Africa Market Value (US$ Million) Analysis by Resin Type, 2017 to 2032
Figure 138: Middle East and Africa Market Volume (Liters) Analysis by Resin Type, 2017 to 2032
Figure 139: Middle East and Africa Market Value Share (%) and BPS Analysis by Resin Type, 2022 to 2032
Figure 140: Middle East and Africa Market Y-o-Y Growth (%) Projections by Resin Type, 2022 to 2032
Figure 141: Middle East and Africa Market Attractiveness by Function, 2022 to 2032
Figure 142: Middle East and Africa Market Attractiveness by Application, 2022 to 2032
Figure 143: Middle East and Africa Market Attractiveness by Resin Type, 2022 to 2032
Figure 144: Middle East and Africa Market Attractiveness by Country, 2022 to 2032
As per FMI, demand in the global methyl ethyl ketone peroxide (MEKP) market is expected to grow at 4.8% to 5% CAGR through 2032.
Asia Pacific is likely to expand at a relatively higher CAGR during the forecast period.
Arkema, AkzoNobel Specialty Chemicals, Redox Pty Ltd, Fibre Glass Developments Corp., Jacobson Chemicals Ltd, SHIV SHAKTI CATALYST, Kawaguchi Chemical Co., Ltd., Parchem fine & specialty chemicals, and Polymer Products (Phil), Inc. are some of the prominent methyl ethyl ketone peroxide (MEKP) manufacturers.
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Methyl Ethyl Ketone Peroxide (MEKP) Market
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