Methyl isobutyl ketone (MIBK) is a
colorless organic compound naturally occurring in grapes, orange, and vinegar.
MIBK can dissolve in water, alcohol, ether and benzene. There are two main
methods of producing MIBK. One is through acetone condensation, which gives
diacetone alcohol that dehydrates to give mesityl oxide, which is then
hydrogenated to MIBK. MIBK is also produced from isopropanol, with diisobutyl
ketone (DIBK) and acetone as co-products. The major application of this ketone
is in the manufacture of lube oil additives, followed by its use in the
extraction process of copper and other ores.
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It is widely used as an industrial
solvent in paint, resin, varnishes, lacquers, in the extraction of rare metals,
as a synthetic flavoring adjuvant, and as an alcohol denaturant. MIBK is
approved by the FDA and can be used as an indirect food additive, and for
adhesives, paperboards, and polymers. The major advantage of MIBK is its high
solvency power, low viscosity, and prevention of gelling in vinyl resin-based
coatings.
The MIBK market is primarily driven
by the coating and rubber industry. MIBK is significantly affected by feedstock
prices and natural gas prices. Owing to its tight supply and rise of acetone
prices, the cost of MIBK is expected to increase in the next six years.
Environmental regulations are inhibiting the growth of this market. Slowly
bio-based MIBK is replacing synthetic MIBK, reducing hazardous emissions and
carbon footprints.
China is the largest consumer of
MIBK, especially in antiozonants application. MIBK consumption for antiozonants
is forecast to grow at a double digit rate in the Asia-Pacific region. In this
region both production and demand will continue to grow in next six years.
Globally more than 60% of the total MIBK output is used as a solvent in various
industrial processes. The growth of MIBK in solvent applications is expected to
be relatively flat in many developed regions. The global MIBK market is
witnessing sustainable growth. The U.S. and the Western European market is
expected to show sluggish growth compared to Asia-Pacific.
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