Methyl ethyl ketone peroxide (MEKP) is a type of organic peroxide. It is a colorless liquid oily in nature. Methyl ethyl ketone peroxide (MEKP) is highly sensitive for shock, friction, flame, heat, and other sources of ignition, therefore the production of methyl ethyl ketone peroxide is a risky process, and it needs strict following of safety norms in production, storage and transportation of methyl ethyl ketone peroxide (MEKP). Methyl ethyl ketone peroxide (MEKP) is manufactured from hydrogen peroxide and methyl ethyl ketone, in a controlled reaction environment. Methyl ethyl ketone peroxide (MEKP) is majorly used in resin and polymer industry as a curing agent or as a hardening agent. It acts as a catalyst for initiation of curing reaction in various polymers and composites.
Market Dynamics of Methyl Ethyl Ketone Peroxide (MEKP) Market
Increasing polymer and composite industry is expected to push the growth of methyl ethyl ketone peroxide (MEKP) demand
Increasing demand for lightweight and high performance materials is driving the demand for composite materials from various industries including automotive, transportation, aerospace, defense, and other manufacturing. Growth in demand for composites and FRP is expected to boost the demand for curing agent which will in turn accelerate demand for methyl ethyl ketone peroxide (MEKP). Methyl ethyl ketone peroxide (MEKP) is also used in the manufacturing of acrylic acid, which has large demand from various industries. Therefore rising acrylic acid market demand is expected to push the demand for methyl ethyl ketone peroxide (MEKP), during the forecast period
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Explosive properties of methyl ethyl ketone peroxide (MEKP), and increasing safety norms by various countries, may impact the potential growth on the methyl ethyl ketone peroxide (MEKP) market
Methyl ethyl ketone peroxide (MEKP) is highly flammable and explosive in nature, therefore, risk is included in the production and handling of methyl ethyl ketone peroxide (MEKP). Increasing safety rules and regulations related to material handling and use may impact on growing opportunities for methyl ethyl ketone peroxide (MEKP) market. Presence of alternative curing agents in the market is one of the big threat for the market growth, however, some of the properties of methyl ethyl ketone peroxide (MEKP) are favored by the composite and polymer manufacturers.
Methyl ethyl ketone peroxide (MEKP) market trends: Contracts and agreements for long term relationship the customers and expansion are the major strategies followed by the market players
Increasing number of small scale players, especially in China and other Asian countries, is intensifying the competition amongst the manufacturers of methyl ethyl ketone peroxide (MEKP) to sustain in the market. Manufacturers are therefore focusing on the long terms contracts and agreements with the customers, for the supply of methyl ethyl ketone peroxide (MEKP). Expansion of the production capacities for meeting the increasing demand form high growth regions, has also been witnessed by the methyl ethyl ketone peroxide (MEKP).
Global Methyl Ethyl Ketone Peroxide (MEKP) Market Participants
Some of the market participants identified across the value chain of global Methyl ethyl ketone peroxide (MEKP) market are:
- Arkema
- AkzoNobel Specialty Chemicals
- Fibre Glast Developments Corp.
- SHIV SHAKTI CATALYST
- Redox Pty Ltd
- Kawaguchi Chemical Co., Ltd.
- Jacobson Chemicals Ltd
- SAMUH LAXMI CHEMICALS (BOM) P. LTD.
- Parchem fine & specialty chemicals
- Freeman Mfg. & Supply Co.
- Polymer Products (Phil), Inc.
- Chemx
- Link Composites Pvt. Ltd.
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The global market research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The global market research report provides analysis and information according to market segments such as geographies, application and industry.
- Raw Material
- Curing/Hardening agent
On the basis of application, the global methyl ethyl ketone peroxide (MEKP) market can be segmented as:
- Polymer Manufacturing
- Composite Manufacturing
On the basis of resin type, the global methyl ethyl ketone peroxide (MEKP) market can be segmented as:
- Polyester resins
- Vinyl Ester Resin
- Other Resin
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