Methyl Isobutyl Ketone Market: Key Players Focus on Development of Bio-based Products to Improve their Positions, TMR
The vendor landscape of the global methyl isobutyl ketone market is largely consolidated, with top five companies accounting for more than 55% of the overall market, notes a recent market study by Transparency Market Research. These are Shell Chemicals, Celanese Corporation, LCY Chemical Corp., Kumho P&B Chemicals Inc., and The Dow Chemical Company. With a strong distribution and sales network, top companies in the market have been able to reach out to customers globally resulting in a low to medium degree of competition in the market. In a bid to strengthen their position, production of bio-based methyl isobutyl ketone (MIBK) is the focus of top companies and to expand their product portfolio as well. The global methyl isobutyl ketone market is expected to expand at a CAGR of 7.5% between 2016 and 2024 for the valuation of the market to increase from US$827.4 to US$1,572.3 mn between 2015 and 2024. Browse Market Research Report @...