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Global Methyl Isobutyl Ketone Industry Report: Country Overview; Value Chain Analysis; Production Process; Cost Structure; Market Dynamics: Drivers & Constraints, Industry Events, Innovations & Trends, SWOT Analysis, Porter’s Five Forces; Industry Best Practices: Sourcing Strategy, Procurement Model, Contract Structure, Negotiation Levers, Key Factors Influencing the Quotation; Key Supplier Analysis, 2022-2027

Customer Methyl Isobutyl Ketone Industry Report by Regional Category Spend, Price Analysis, Key Demand, Price Indicators, and Best Buying Practices


The global methyl isobutyl ketone market reached a volume of about 440.75 MMT in 2021. The industry is projected to grow at a CAGR of around 3% in the forecast period of 2022-2027 to reach a volume of 528.39 thousand MT by 2027.

The methyl isobutyl ketone industry report comprehensively analyses the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The move toward the bio-based alternative in comparison to the petroleum-based method is likely to accelerate the demand for methyl isobutyl ketone and help in the growth of its market size in the forecast period. The key demand indicator in the industry report is the highest category spender by region — Asia Pacific.

Industry Definition and Segmentation

Methyl Isobutyl Ketone (MIBK) also known as mono-isobutyl ketone is an organic compound, that is stable, clear, and colourless fluid with a pleasing smell. Also, it is a ketone that has a chemical formula (CH3)2CHCH2C(O)CH3. MIBK is an excellent industrial solvent as it is compatible with several organic materials such as resins, oils, varnishes, gums, lacquers, and nitrocellulose. In addition, it is extensively utilised as a chemical medium, isolating agent, solvent, and denaturant in various end-use industries such as pharmaceuticals, agrochemicals, paints, and coatings, automotive, packaging, rubber manufacturing, and cosmetics among others. The global methyl isobutyl ketone industry report comprises segments based on application (solvents, extraction solvents, rubber processing chemicals, surfactants, denaturants, insecticides, and others), end-use industry (paints & coatings, pharmaceuticals, automotive, rubber, agrochemicals, and others), and regions (Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa).

The Asia Pacific Region is Driving the Growth of the Industry

The Asia Pacific is accounted for around 55% of the market share as the maximum supply markets are based in the region. The emerging economies of the Asia Pacific such as China, India, and Malaysia are primarily driving the market growth along with the region being strengthened by the vigorous development of the construction and automobile industries. Furthermore, fostering the disposable of cheap labour rates, and raw materials, and executing innovative manufacturing strategies to fulfill the demand for MIBK due to its increasing applications are one of the primary drivers of the regional market growth.

The other major factors and trends that are supporting the global MIBK market growth are the soaring demand for the solvent applied in coatings in automobiles and the electronics industry, the rising demand for adhesives, paints, and coatings due to the increasing construction spending. Moreover, a high level of industrialisation combined with growing per capita disposable income is projected to propel market development. Additionally, owing to the high demand from the agrochemical industry primarily cosmetics and personal care products, meeting the varied set of consumer requirements is anticipated to enhance the growth of the market.

Because of its superior poisonousness degree, many governing bodies, particularly in developed countries, have enforced strict regulations on MIBK producers, which is expected to impede the industry growth over the projected period. Likewise, the availability of low-price alternatives in the market is also hampering the development to some extent.

Best Procurement Practices

The global methyl isobutyl ketone industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by methyl isobutyl ketone producing and utilising regions across the globe, such as contract terms, engagement models, and buyer and supplier negotiation levers, among others.

Category Management Studies

There are four different ways of producing MIBK – a three-step process through diacetone alcohol and mesityl oxide intermediates, a one-step process from acetone and hydrogen; a one-step process from isopropyl alcohol, and a single or multistep mixed feed process. Moreover, MIBK can organically be found in orange and lemon juice, vinegar, papaya, baked potatoes, ginger, cheese, grapes, milk, plum, mushrooms, and others. It is commonly believed to demonstrate a low level of mammalian harmfulness nevertheless, MIBK needs to be utilised with appropriate aeration. Its evaporation is denser as compared to air and can travel a significant distance to a supply of ignition.

The Rise in Adoption of Bio-Based Methyl Isobutyl Ketone is Further Driving the Procurement of the Raw Material

Since exposure to artificial MIBK near the material may have a severe impact on the environment and population. Owing to this reason it is projected that the worldwide demand for bio-based MIBK will witness a greater hike during the projected period. Moreover, the expenditure of the bio-based MIBK production methodology is less relative to the petroleum-based method. Additionally, if there is spillage while transporting and storage, petroleum-based MIBK may form dangerous peroxides when subjected to air, hence several industries have embraced bio-based MIBK and are likely to substitute the MIBK based on petroleum by 2024 substantially.

The major zones in the industry are North America, Europe, Latin America, the Asia Pacific, and the Middle East, and Africa.

Key Industry Players Mentioned in the Methyl Isobutyl Ketone Industry Report

  • Kumho P&B Chemicals., Inc.
  • Shell plc
  • Celanese Corporation
  • LCY Group
  • Sasol Limited

Market Landscape

MIBK is largely used as a solvent in industries that manufactures types of machinery, rubber products, paints, and chemicals. Due to the low solubility in water MIBK is appropriate for liquid-liquid extraction. Hence, this segment of MIBK is presumed to account for a major share in the future market. In addition, the rise in the automotive and construction industry in emerging economies will encourage the demand in the market in the years to come. Comparably, expansion in the disbursement of the construction business has heightened the utilisation of MIBK in the type of solvents and extraction solvents for paints and coatings.

Key Initiatives by Companies

  • To defeat the spiraling raw material prices and acute competition, the companies in the MIBK industry are implementing uncompromising merchandise pricing approaches. For instance, in January 2022, Givaudan SA declared that due to the rise in the cost of the raw materials the company will increase the prices for flavours and fragrance products. Similarly, in March 2022, the Flavors & Fragrances (F&F) business unit of Lanxess announced that it is increasing the price globally for its complete range of preservatives, benzoates, intermediates, aroma chemicals, and multifunctional effective immediately. This was primarily due to the remarkable rise in the cost of raw materials and energy as there were unparalleled challenges faced in the supply chain.

1.    Executive Summary
2.    Global Methyl Isobutyl Ketone Market Snapshot

    2.1.    Methyl Isobutyl Ketone Market Outlook
    2.2.    Methyl Isobutyl Ketone Industry Analysis by Application
        2.2.1.    Paints & Coatings
        2.2.2.    Rubber Antioxidants
        2.2.3.    Solvent Extraction
        2.2.4.    Adhesives, Inks
        2.2.5.    Surfactants
        2.2.6.    Others
    2.3.    Regional Overview
        2.3.1.    North America
        2.3.2.    Europe
        2.3.3.    Asia Pacific 
        2.3.4.    Latin America
        2.3.5.    MEA
3.    Impact of Recent Events 
4.    Methyl Isobutyl Ketone Value Chain Analysis 
5.    Methyl Isobutyl Ketone Production Process
6.    Trade Analysis 
7.    Major Risk Factors in Sourcing
8.    Methyl Isobutyl Ketone Cost Structure
9.    Methyl Isobutyl Ketone Price Analysis 
10.    Key Demand Indicator Analysis
11.    Key Price Indicator Analysis
12.    Methyl Isobutyl Ketone Market Dynamics

    12.1.    Drivers & Constraints
    12.2.    Industry Events 
    12.3.    Innovations & Trends
    12.4.    SWOT Analysis
    12.5.    Porter’s Five Forces
        12.5.1.    Buyer Power
        12.5.2.    Supplier Power
        12.5.3.    Threat of New entrants
        12.5.4.    Threat of Substitutes
        12.5.5.    Industry Rivalry
13.    Feedstock Market Analysis
    13.1.    Market Overview
    13.2.    Price Analysis
14.    Industry Best Practices
    14.1.    Sourcing Strategy
    14.2.    Procurement Model
    14.3.    Contract Structure
    14.4.    Negotiation Levers
    14.5.    Pricing Model
    14.6.    Key Factors Influencing the Quotation 
15.    Key Supplier Analysis
    15.1.    Kumho P&B Chemicals., Inc., 
    15.2.    Shell plc
    15.3.    Celanese Corporation
    15.4.    LCY Group
    15.5.    Sasol Limited

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Key Questions Answered in the Report

In 2021, the global attained a volume of around 440.75 MMT in 2021.

In the forecast period of 2022-2027, the market is projected to grow at a CAGR of 3%.

The major market driver is the growth in the automotive and construction industry in the Asia Pacific region. Additionally, the rise in the use of agrochemicals to enhance agriculture production is also propelling the growth of the market.

The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Some of the leading players in the industry are Kumho P&B Chemicals., Inc., Shell plc Celanese Corporation, LCY Group, and Sasol Limited.

Analyst Review

The global methyl isobutyl ketone (MIBK) market reached a volume of about 440.75 MMT in 2021 and is projected to grow at a CAGR of around 3% in the forecast period of 2022-2027. MIBK is an excellent industrial solvent as it is compatible with several organic materials such as resins, oils, varnishes, gums, lacquers, and nitrocellulose. The global methyl isobutyl ketone industry report comprises segments based on application, end-use industry, and regions. The Asia Pacific is accounted for around 55% of the market share as the maximum supply markets are based in the region. The emerging economies of the Asia Pacific such as China, India, and Malaysia are primarily driving the market growth. The other major factors and trends that are supporting the global MIBK market growth are the soaring demand for the solvent applied in coatings in automobiles and the electronics industry, the rising demand for adhesives, paints, and coatings due to the increasing construction spending. Some of the leading players in the industry are Kumho P&B Chemicals., Inc., Shell plc Celanese Corporation, LCY Group, and Sasol Limited.

Procurement Resources’ detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and their expertise thus, delivering its customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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