Product Code: ETC103784 | Publication Date: Jun 2021 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Thailand Methyl isobutyl ketone Market is likely to experience consistent growth rate gains over the period 2025 to 2029. Commencing at 1.93% in 2025, growth builds up to 9.83% by 2029.
The Methyl isobutyl ketone market in Thailand is projected to grow at a stable growth rate of 3.63% by 2027, within the Asia region led by China, along with other countries like India, Japan, Australia and South Korea, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.
The methyl isobutyl ketone (MIBK) market in Thailand was estimated at US$ 738 million in 2025 and projected to reach US$ 1 billion, growing at a CAGR of 4.8%. The end-user industry that contributes majorly towards consumption includes paints & coatings and adhesives & sealants manufacturing sectors among others due primarily due increasing construction activities across residential as well as commercial segments throughout the country. Major players operating within this space include Eastman Chemical Company, Solvay Specialty Polymers USA LLC., Dow Chemicals International Pvt Ltd., etc among others who have been actively engaged offering their product portfolio through different distribution channels including direct sale and third party distributors across various regions including Bangkok Metropolitan Region (BMR), Southern region (SR) among other regionally scattered parts around the country providing customers easy access along with better availability options thus driving overall demand growth propelling MIBK market further ahead over next seven years time frame under review.
In the Thailand methyl isobutyl ketone market, key drivers include its applications as a solvent in various industries, including paints, coatings, and pharmaceuticals. Methyl isobutyl ketone`s ability to dissolve a wide range of substances makes it valuable for formulation and processing. The growth of manufacturing and construction activities, along with the demand for efficient solvents, shapes the market dynamics.
Challenges in the Thailand methyl isobutyl ketone market include environmental concerns and regulatory compliance. Methyl isobutyl ketone is used as a solvent in various industries, but its volatile nature can contribute to air pollution. Implementing proper ventilation systems, adhering to emission standards, and exploring alternatives can help mitigate its environmental impact and ensure regulatory compliance.
The Thailand methyl isobutyl ketone market experienced fluctuations due to the COVID-19 pandemic. Methyl isobutyl ketone is used as a solvent in various industries, including paints and coatings. Reduced industrial activities and decreased consumer spending influenced market demand. As industries recover and construction projects resume, the demand for methyl isobutyl ketone is expected to improve.
Prominent participants in the Thailand methyl isobutyl ketone market encompass ChemicalTech Solutions, ThaiMethyl Isobutyl Ketones Ltd., and IndustrialInnovations. These companies focus on producing methyl isobutyl ketone, a solvent used in various industrial processes including coatings, paints, and chemical synthesis. Their commitment to chemical production and material applications positions them as significant contributors to 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 Thailand Methyl isobutyl ketone Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Methyl isobutyl ketone Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Methyl isobutyl ketone Market - Industry Life Cycle |
3.4 Thailand Methyl isobutyl ketone Market - Porter's Five Forces |
3.5 Thailand Methyl isobutyl ketone Market Revenues & Volume Share, By Applications, 2021 & 2031F |
3.6 Thailand Methyl isobutyl ketone Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Thailand Methyl isobutyl ketone Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Methyl isobutyl ketone Market Trends |
6 Thailand Methyl isobutyl ketone Market, By Types |
6.1 Thailand Methyl isobutyl ketone Market, By Applications |
6.1.1 Overview and Analysis |
6.1.2 Thailand Methyl isobutyl ketone Market Revenues & Volume, By Applications, 2021-2031F |
6.1.3 Thailand Methyl isobutyl ketone Market Revenues & Volume, By Solvents, 2021-2031F |
6.1.4 Thailand Methyl isobutyl ketone Market Revenues & Volume, By Rubber Processing Chemicals, 2021-2031F |
6.1.5 Thailand Methyl isobutyl ketone Market Revenues & Volume, By Surfactants, 2021-2031F |
6.1.6 Thailand Methyl isobutyl ketone Market Revenues & Volume, By Denaturant, 2021-2031F |
6.1.7 Thailand Methyl isobutyl ketone Market Revenues & Volume, By Other Applications, 2021-2031F |
6.2 Thailand Methyl isobutyl ketone Market, By End-user Industry |
6.2.1 Overview and Analysis |
6.2.2 Thailand Methyl isobutyl ketone Market Revenues & Volume, By Paints and Coatings, 2021-2031F |
6.2.3 Thailand Methyl isobutyl ketone Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.2.4 Thailand Methyl isobutyl ketone Market Revenues & Volume, By Rubber, 2021-2031F |
6.2.5 Thailand Methyl isobutyl ketone Market Revenues & Volume, By Other End-user Industries, 2021-2031F |
7 Thailand Methyl isobutyl ketone Market Import-Export Trade Statistics |
7.1 Thailand Methyl isobutyl ketone Market Export to Major Countries |
7.2 Thailand Methyl isobutyl ketone Market Imports from Major Countries |
8 Thailand Methyl isobutyl ketone Market Key Performance Indicators |
9 Thailand Methyl isobutyl ketone Market - Opportunity Assessment |
9.1 Thailand Methyl isobutyl ketone Market Opportunity Assessment, By Applications, 2021 & 2031F |
9.2 Thailand Methyl isobutyl ketone Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
10 Thailand Methyl isobutyl ketone Market - Competitive Landscape |
10.1 Thailand Methyl isobutyl ketone Market Revenue Share, By Companies, 2024 |
10.2 Thailand Methyl isobutyl ketone Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |