Over the forecast period of 2022-2032, the global market for methyl ethyl ketone peroxide (MEKP) is expected to grow at a compound annual growth rate (CAGR) of 4.8% to 5%, reaching a value of nearly USD 5 billion by 2028. With this specific chemical, which can be utilized in a variety of industries like manufacturing and construction, the future appears bright.
Rising use of methyl ethyl ketone peroxide in polymer and composite assembling is driving development in the worldwide methyl ethyl ketone peroxide market.
Methyl ethyl ketone peroxide (MEKP) is a sort of natural peroxide. It is a dreary fluid sleek in nature. Methyl ethyl ketone peroxide (MEKP) is profoundly delicate for shock, grinding, fire, heat, and different wellsprings of start, in this way the creation of methyl ethyl ketone peroxide is a hazardous cycle, and it needs severe following of wellbeing standards underway, stockpiling and transportation of methyl ethyl ketone peroxide (MEKP).
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Methyl ethyl ketone peroxide (MEKP) is fabricated from hydrogen peroxide and methyl ethyl ketone, in a controlled response climate. Methyl ethyl ketone peroxide (MEKP) is significantly utilized in tar and polymer industry as a relieving specialist or as a solidifying specialist. It goes about as an impetus for commencement of relieving response in different 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
Methyl Ethyl Ketone Peroxide (MEKP) Industry Top Players
- 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.
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Key Segments Profiled in the Methyl Ethyl Ketone Peroxide (MEKP) Industry Survey
By Function:
- Raw Material
- Curing/Hardening agent
By Application:
- Polymer Manufacturing
- Composite Manufacturing
By Resin Type:
- Polyester Resins
- Vinyl Ester Resin
- Other Resin
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East & Africa
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