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 US$ 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) | US$ 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.
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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.
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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.
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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) | US$ 5 Billion |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in US$ 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 |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
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.
1. Executive Summary | Methyl Ethyl Ketone Peroxide (MEKP) Market 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and Their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyers 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 4.1. Historical Market Size Value (US$ Million) & Volume (Liters) Analysis, 2017 to 2021 4.2. Current and Future Market Size Value (US$ Million) & Volume (Liters) Projections, 2022 to 2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Function 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Liters) Analysis By Function, 2017 to 2021 5.3. Current and Future Market Size Value (US$ Million) & Volume (Liters) Analysis and Forecast By Function, 2022 to 2032 5.3.1. Raw Material 5.3.2. Curing/Hardening Agent 5.4. Y-o-Y Growth Trend Analysis By Function, 2017 to 2021 5.5. Absolute $ Opportunity Analysis By Function, 2022 to 2032 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Liters) Analysis By Application, 2017 to 2021 6.3. Current and Future Market Size Value (US$ Million) & Volume (Liters) Analysis and Forecast By Application, 2022 to 2032 6.3.1. Polymer Manufacturing 6.3.2. Composite Manufacturing 6.4. Y-o-Y Growth Trend Analysis By Application, 2017 to 2021 6.5. Absolute $ Opportunity Analysis By Application, 2022 to 2032 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Resin Type 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Liters) Analysis By Resin Type, 2017 to 2021 7.3. Current and Future Market Size Value (US$ Million) & Volume (Liters) Analysis and Forecast By Resin Type, 2022 to 2032 7.3.1. Polyester Resins 7.3.2. Vinyl Ester Resin 7.3.3. Other Resin 7.4. Y-o-Y Growth Trend Analysis By Resin Type, 2017 to 2021 7.5. Absolute $ Opportunity Analysis By Resin Type, 2022 to 2032 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) & Volume (Liters) Analysis By Region, 2017 to 2021 8.3. Current Market Size Value (US$ Million) & Volume (Liters) Analysis and Forecast By Region, 2022 to 2032 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. Asia Pacific 8.3.5. Middle East and Africa 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Liters) Trend Analysis By Market Taxonomy, 2017 to 2021 9.2. Market Size Value (US$ Million) & Volume (Liters) Forecast By Market Taxonomy, 2022 to 2032 9.2.1. By Country 9.2.1.1. USA 9.2.1.2. Canada 9.2.2. By Function 9.2.3. By Application 9.2.4. By Resin Type 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Function 9.3.3. By Application 9.3.4. By Resin Type 9.4. Key Takeaways 10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Liters) Trend Analysis By Market Taxonomy, 2017 to 2021 10.2. Market Size Value (US$ Million) & Volume (Liters) Forecast By Market Taxonomy, 2022 to 2032 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Function 10.2.3. By Application 10.2.4. By Resin Type 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Function 10.3.3. By Application 10.3.4. By Resin Type 10.4. Key Takeaways 11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Liters) Trend Analysis By Market Taxonomy, 2017 to 2021 11.2. Market Size Value (US$ Million) & Volume (Liters) Forecast By Market Taxonomy, 2022 to 2032 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. United Kingdom 11.2.1.3. France 11.2.1.4. Spain 11.2.1.5. Italy 11.2.1.6. Rest of Europe 11.2.2. By Function 11.2.3. By Application 11.2.4. By Resin Type 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Function 11.3.3. By Application 11.3.4. By Resin Type 11.4. Key Takeaways 12. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Liters) Trend Analysis By Market Taxonomy, 2017 to 2021 12.2. Market Size Value (US$ Million) & Volume (Liters) Forecast By Market Taxonomy, 2022 to 2032 12.2.1. By Country 12.2.1.1. China 12.2.1.2. Japan 12.2.1.3. South Korea 12.2.1.4. Malaysia 12.2.1.5. Singapore 12.2.1.6. Australia 12.2.1.7. New Zealand 12.2.1.8. Rest of Asia Pacific 12.2.2. By Function 12.2.3. By Application 12.2.4. By Resin Type 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Function 12.3.3. By Application 12.3.4. By Resin Type 12.4. Key Takeaways 13. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Liters) Trend Analysis By Market Taxonomy, 2017 to 2021 13.2. Market Size Value (US$ Million) & Volume (Liters) Forecast By Market Taxonomy, 2022 to 2032 13.2.1. By Country 13.2.1.1. GCC Countries 13.2.1.2. South Africa 13.2.1.3. Israel 13.2.1.4. Rest of Middle East and Africa 13.2.2. By Function 13.2.3. By Application 13.2.4. By Resin Type 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Function 13.3.3. By Application 13.3.4. By Resin Type 13.4. Key Takeaways 14. Key Countries Market Analysis 14.1. USA 14.1.1. Pricing Analysis 14.1.2. Market Share Analysis, 2021 14.1.2.1. By Function 14.1.2.2. By Application 14.1.2.3. By Resin Type 14.2. Canada 14.2.1. Pricing Analysis 14.2.2. Market Share Analysis, 2021 14.2.2.1. By Function 14.2.2.2. By Application 14.2.2.3. By Resin Type 14.3. Brazil 14.3.1. Pricing Analysis 14.3.2. Market Share Analysis, 2021 14.3.2.1. By Function 14.3.2.2. By Application 14.3.2.3. By Resin Type 14.4. Mexico 14.4.1. Pricing Analysis 14.4.2. Market Share Analysis, 2021 14.4.2.1. By Function 14.4.2.2. By Application 14.4.2.3. By Resin Type 14.5. Germany 14.5.1. Pricing Analysis 14.5.2. Market Share Analysis, 2021 14.5.2.1. By Function 14.5.2.2. By Application 14.5.2.3. By Resin Type 14.6. United Kingdom 14.6.1. Pricing Analysis 14.6.2. Market Share Analysis, 2021 14.6.2.1. By Function 14.6.2.2. By Application 14.6.2.3. By Resin Type 14.7. France 14.7.1. Pricing Analysis 14.7.2. Market Share Analysis, 2021 14.7.2.1. By Function 14.7.2.2. By Application 14.7.2.3. By Resin Type 14.8. Spain 14.8.1. Pricing Analysis 14.8.2. Market Share Analysis, 2021 14.8.2.1. By Function 14.8.2.2. By Application 14.8.2.3. By Resin Type 14.9. Italy 14.9.1. Pricing Analysis 14.9.2. Market Share Analysis, 2021 14.9.2.1. By Function 14.9.2.2. By Application 14.9.2.3. By Resin Type 14.10. China 14.10.1. Pricing Analysis 14.10.2. Market Share Analysis, 2021 14.10.2.1. By Function 14.10.2.2. By Application 14.10.2.3. By Resin Type 14.11. Japan 14.11.1. Pricing Analysis 14.11.2. Market Share Analysis, 2021 14.11.2.1. By Function 14.11.2.2. By Application 14.11.2.3. By Resin Type 14.12. South Korea 14.12.1. Pricing Analysis 14.12.2. Market Share Analysis, 2021 14.12.2.1. By Function 14.12.2.2. By Application 14.12.2.3. By Resin Type 14.13. Malaysia 14.13.1. Pricing Analysis 14.13.2. Market Share Analysis, 2021 14.13.2.1. By Function 14.13.2.2. By Application 14.13.2.3. By Resin Type 14.14. Singapore 14.14.1. Pricing Analysis 14.14.2. Market Share Analysis, 2021 14.14.2.1. By Function 14.14.2.2. By Application 14.14.2.3. By Resin Type 14.15. Australia 14.15.1. Pricing Analysis 14.15.2. Market Share Analysis, 2021 14.15.2.1. By Function 14.15.2.2. By Application 14.15.2.3. By Resin Type 14.16. New Zealand 14.16.1. Pricing Analysis 14.16.2. Market Share Analysis, 2021 14.16.2.1. By Function 14.16.2.2. By Application 14.16.2.3. By Resin Type 14.17. GCC Countries 14.17.1. Pricing Analysis 14.17.2. Market Share Analysis, 2021 14.17.2.1. By Function 14.17.2.2. By Application 14.17.2.3. By Resin Type 14.18. South Africa 14.18.1. Pricing Analysis 14.18.2. Market Share Analysis, 2021 14.18.2.1. By Function 14.18.2.2. By Application 14.18.2.3. By Resin Type 14.19. Israel 14.19.1. Pricing Analysis 14.19.2. Market Share Analysis, 2021 14.19.2.1. By Function 14.19.2.2. By Application 14.19.2.3. By Resin Type 15. Market Structure Analysis 15.1. Competition Dashboard 15.2. Competition Benchmarking 15.3. Market Share Analysis of Top Players 15.3.1. By Regional 15.3.2. By Function 15.3.3. By Application 15.3.4. By Resin Type 16. Competition Analysis 16.1. Competition Deep Dive 16.1.1. Arkema 16.1.1.1. Overview 16.1.1.2. Product Portfolio 16.1.1.3. Profitability by Market Segments 16.1.1.4. Sales Footprint 16.1.1.5. Strategy Overview 16.1.1.5.1. Marketing Strategy 16.1.1.5.2. Product Strategy 16.1.1.5.3. Channel Strategy 16.1.2. AkzoNobel Specialty Chemicals 16.1.2.1. Overview 16.1.2.2. Product Portfolio 16.1.2.3. Profitability by Market Segments 16.1.2.4. Sales Footprint 16.1.2.5. Strategy Overview 16.1.2.5.1. Marketing Strategy 16.1.2.5.2. Product Strategy 16.1.2.5.3. Channel Strategy 16.1.3. Fibre Glast Developments Corp. 16.1.3.1. Overview 16.1.3.2. Product Portfolio 16.1.3.3. Profitability by Market Segments 16.1.3.4. Sales Footprint 16.1.3.5. Strategy Overview 16.1.3.5.1. Marketing Strategy 16.1.3.5.2. Product Strategy 16.1.3.5.3. Channel Strategy 16.1.4. Redox Pty Ltd 16.1.4.1. Overview 16.1.4.2. Product Portfolio 16.1.4.3. Profitability by Market Segments 16.1.4.4. Sales Footprint 16.1.4.5. Strategy Overview 16.1.4.5.1. Marketing Strategy 16.1.4.5.2. Product Strategy 16.1.4.5.3. Channel Strategy 16.1.5. Kawaguchi Chemical Co., Ltd. 16.1.5.1. Overview 16.1.5.2. Product Portfolio 16.1.5.3. Profitability by Market Segments 16.1.5.4. Sales Footprint 16.1.5.5. Strategy Overview 16.1.5.5.1. Marketing Strategy 16.1.5.5.2. Product Strategy 16.1.5.5.3. Channel Strategy 16.1.6. Jacobson Chemicals Ltd 16.1.6.1. Overview 16.1.6.2. Product Portfolio 16.1.6.3. Profitability by Market Segments 16.1.6.4. Sales Footprint 16.1.6.5. Strategy Overview 16.1.6.5.1. Marketing Strategy 16.1.6.5.2. Product Strategy 16.1.6.5.3. Channel Strategy 16.1.7. SAMUH LAXMI CHEMICALS (BOM) P. LTD. 16.1.7.1. Overview 16.1.7.2. Product Portfolio 16.1.7.3. Profitability by Market Segments 16.1.7.4. Sales Footprint 16.1.7.5. Strategy Overview 16.1.7.5.1. Marketing Strategy 16.1.7.5.2. Product Strategy 16.1.7.5.3. Channel Strategy 16.1.8. Parchem fine & specialty chemicals 16.1.8.1. Overview 16.1.8.2. Product Portfolio 16.1.8.3. Profitability by Market Segments 16.1.8.4. Sales Footprint 16.1.8.5. Strategy Overview 16.1.8.5.1. Marketing Strategy 16.1.8.5.2. Product Strategy 16.1.8.5.3. Channel Strategy 16.1.9. Freeman Mfg. & Supply Co. 16.1.9.1. Overview 16.1.9.2. Product Portfolio 16.1.9.3. Profitability by Market Segments 16.1.9.4. Sales Footprint 16.1.9.5. Strategy Overview 16.1.9.5.1. Marketing Strategy 16.1.9.5.2. Product Strategy 16.1.9.5.3. Channel Strategy 16.1.10. Polymer Products (Phil), Inc. 16.1.10.1. Overview 16.1.10.2. Product Portfolio 16.1.10.3. Profitability by Market Segments 16.1.10.4. Sales Footprint 16.1.10.5. Strategy Overview 16.1.10.5.1. Marketing Strategy 16.1.10.5.2. Product Strategy 16.1.10.5.3. Channel Strategy 16.1.11. Chemex 16.1.11.1. Overview 16.1.11.2. Product Portfolio 16.1.11.3. Profitability by Market Segments 16.1.11.4. Sales Footprint 16.1.11.5. Strategy Overview 16.1.11.5.1. Marketing Strategy 16.1.11.5.2. Product Strategy 16.1.11.5.3. Channel Strategy 16.1.12. Link Composites Pvt. Ltd 16.1.12.1. Overview 16.1.12.2. Product Portfolio 16.1.12.3. Profitability by Market Segments 16.1.12.4. Sales Footprint 16.1.12.5. Strategy Overview 16.1.12.5.1. Marketing Strategy 16.1.12.5.2. Product Strategy 16.1.12.5.3. Channel Strategy 17. Assumptions & Acronyms Used 18. Research Methodology
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Methyl Ethyl Ketone Peroxide (MEKP) Market
