The Global Methyl Ethyl Ketone (MEK) Market is expected to reach USD 3.26 billion by 2020, according to a new study by Grand View Research, Inc. Growing demand for paints and coatings in infrastructure, automotive and home furnishings is expected to remain a key driving factor for the global MEK market. Growing demand from key end-use industries such as construction and automotive, particularly from high growth market such as Asia Pacific and Latin America, is expected to further fuel its demand. MEK is used as synthetic rubber in domestic products and as a liquid solvent in chemical manufacturing, especially for drugs and cosmetics. Increasing market penetration of MEK in pharmaceutical applications is also expected to have a positive influence on market growth. However, volatile prices of key raw materials coupled with environmental hazards are expected to remain key challenges for market participants. In order to overcome such problems industry has shifted its focus towards adoption
http://www.grandviewresearch.com/industry-analysis/methyl-ethyl-ketone-mek-market
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