| Product Code: ETC4705431 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Cyprus continued to see a significant influx of methyl ethyl ketone (MEK) import shipments, with top exporting countries including Metropolitan France, China, Netherlands, Greece, and Germany. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, while the impressive compound annual growth rate (CAGR) of 18.94% from 2020 to 2024 suggests a robust demand for MEK in Cyprus. Furthermore, the growth rate of 6.4% from 2023 to 2024 highlights a sustained momentum in the importation of this chemical compound, indicating a positive outlook for the market.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cyprus Methyl Ethyl Ketone (MEK) Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Methyl Ethyl Ketone (MEK) Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Methyl Ethyl Ketone (MEK) Market - Industry Life Cycle |
3.4 Cyprus Methyl Ethyl Ketone (MEK) Market - Porter's Five Forces |
3.5 Cyprus Methyl Ethyl Ketone (MEK) Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Cyprus Methyl Ethyl Ketone (MEK) Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Cyprus Methyl Ethyl Ketone (MEK) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in the construction industry, leading to increased demand for MEK in adhesives and coatings. |
4.2.2 Expansion of the automotive sector, driving the need for MEK in paint and surface coatings. |
4.2.3 Rising demand for MEK in the pharmaceutical and healthcare industries for solvent applications. |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices impacting the production cost of MEK. |
4.3.2 Stringent environmental regulations concerning volatile organic compounds (VOCs) emissions. |
4.3.3 Intense competition from substitutes like acetone and methyl isobutyl ketone (MIBK) in various applications. |
5 Cyprus Methyl Ethyl Ketone (MEK) Market Trends |
6 Cyprus Methyl Ethyl Ketone (MEK) Market Segmentations |
6.1 Cyprus Methyl Ethyl Ketone (MEK) Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Methyl Ethyl Ketone (MEK) Market Revenues & Volume, By General Grade, 2021-2031F |
6.1.3 Cyprus Methyl Ethyl Ketone (MEK) Market Revenues & Volume, By Ammonia Ester Grade, 2021-2031F |
6.1.4 Cyprus Methyl Ethyl Ketone (MEK) Market Revenues & Volume, By Other, 2021-2031F |
6.2 Cyprus Methyl Ethyl Ketone (MEK) Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Methyl Ethyl Ketone (MEK) Market Revenues & Volume, By Coatings, 2021-2031F |
6.2.3 Cyprus Methyl Ethyl Ketone (MEK) Market Revenues & Volume, By Adhesives, 2021-2031F |
6.2.4 Cyprus Methyl Ethyl Ketone (MEK) Market Revenues & Volume, By Inks, 2021-2031F |
6.2.5 Cyprus Methyl Ethyl Ketone (MEK) Market Revenues & Volume, By Chemical Intermediates, 2021-2031F |
6.2.6 Cyprus Methyl Ethyl Ketone (MEK) Market Revenues & Volume, By Lubricants, 2021-2031F |
6.2.7 Cyprus Methyl Ethyl Ketone (MEK) Market Revenues & Volume, By Other, 2021-2031F |
7 Cyprus Methyl Ethyl Ketone (MEK) Market Import-Export Trade Statistics |
7.1 Cyprus Methyl Ethyl Ketone (MEK) Market Export to Major Countries |
7.2 Cyprus Methyl Ethyl Ketone (MEK) Market Imports from Major Countries |
8 Cyprus Methyl Ethyl Ketone (MEK) Market Key Performance Indicators |
8.1 Average selling price of MEK in the market. |
8.2 Utilization rate of MEK production capacity. |
8.3 Percentage of MEK used in new product formulations by key industries. |
9 Cyprus Methyl Ethyl Ketone (MEK) Market - Opportunity Assessment |
9.1 Cyprus Methyl Ethyl Ketone (MEK) Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Cyprus Methyl Ethyl Ketone (MEK) Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Cyprus Methyl Ethyl Ketone (MEK) Market - Competitive Landscape |
10.1 Cyprus Methyl Ethyl Ketone (MEK) Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Methyl Ethyl Ketone (MEK) Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |