Jun 22, 2025
IndexBox has just published a new report: GCC – Butanone (Methyl Ethyl Ketone) – Market Analysis, Forecast, Size, Trends And Insights.
The demand for butanone in the GCC region is on the rise, leading to an anticipated upward consumption trend over the period from 2024 to 2035. The market performance is forecast to see a slight increase, with a projected CAGR of +2.0% in volume, reaching 4K tons by the end of 2035. In value terms, the market is expected to grow with a CAGR of +3.6%, bringing the market value to $7.7M (nominal wholesale prices) by the end of 2035.
Market Forecast
Driven by rising demand for butanone in GCC, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +2.0% for the period from 2024 to 2035, which is projected to bring the market volume to 4K tons by the end of 2035.
In value terms, the market is forecast to increase with an anticipated CAGR of +3.6% for the period from 2024 to 2035, which is projected to bring the market value to $7.7M (in nominal wholesale prices) by the end of 2035.
ConsumptionGCC’s Consumption of Butanone (Methyl Ethyl Ketone)
In 2024, consumption of butanone (methyl ethyl ketone) decreased by -5.8% to 3.2K tons for the first time since 2021, thus ending a two-year rising trend. In general, consumption saw a drastic downturn. The volume of consumption peaked at 6K tons in 2013; however, from 2014 to 2024, consumption remained at a lower figure.
The value of the butanone market in GCC declined to $5.2M in 2024, reducing by -3.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). Overall, consumption showed a perceptible setback. The level of consumption peaked at $8.3M in 2013; however, from 2014 to 2024, consumption failed to regain momentum.
Consumption By Country
Saudi Arabia (2.2K tons) remains the largest butanone consuming country in GCC, accounting for 69% of total volume. Moreover, butanone consumption in Saudi Arabia exceeded the figures recorded by the second-largest consumer, the United Arab Emirates (890 tons), twofold.
In Saudi Arabia, butanone consumption increased at an average annual rate of +4.0% over the period from 2013-2024.
In value terms, Saudi Arabia ($3.8M) led the market, alone. The second position in the ranking was held by the United Arab Emirates ($1.3M).
In Saudi Arabia, the butanone market increased at an average annual rate of +4.3% over the period from 2013-2024.
The countries with the highest levels of butanone per capita consumption in 2024 were the United Arab Emirates (87 kg per 1000 persons) and Saudi Arabia (60 kg per 1000 persons).
From 2013 to 2024, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Saudi Arabia (with a CAGR of +2.0%).
ProductionGCC’s Production of Butanone (Methyl Ethyl Ketone)
In 2023, the amount of butanone (methyl ethyl ketone) produced in GCC amounted to 14 tons, approximately mirroring 2022 figures. Overall, production showed prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 700,900%. Over the period under review, production reached the peak volume at 29 tons in 2020; however, from 2021 to 2023, production failed to regain momentum.
In value terms, butanone production totaled $27K in 2023 estimated in export price. Over the period under review, production saw buoyant growth. The pace of growth was the most pronounced in 2016 with an increase of 887,700%. The level of production peaked at $44K in 2020; however, from 2021 to 2023, production remained at a lower figure.
ImportsGCC’s Imports of Butanone (Methyl Ethyl Ketone)
In 2024, after two years of growth, there was decline in supplies from abroad of butanone (methyl ethyl ketone), when their volume decreased by -1.1% to 4.1K tons. In general, imports continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2022 with an increase of 59%. Over the period under review, imports attained the maximum at 6.7K tons in 2013; however, from 2014 to 2024, imports stood at a somewhat lower figure.
In value terms, butanone imports soared to $6.7M in 2024. Overall, imports showed a pronounced contraction. The most prominent rate of growth was recorded in 2022 with an increase of 71% against the previous year. The level of import peaked at $8.8M in 2013; however, from 2014 to 2024, imports failed to regain momentum.
Imports By Country
The purchases of the two major importers of butanone (methyl ethyl ketone), namely Saudi Arabia and the United Arab Emirates, represented more than two-thirds of total import.
From 2013 to 2024, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Saudi Arabia (with a CAGR of +4.0%).
In value terms, Saudi Arabia ($3.8M) and the United Arab Emirates ($2.8M) appeared to be the countries with the highest levels of imports in 2024.
In terms of the main importing countries, Saudi Arabia, with a CAGR of +4.4%, recorded the highest growth rate of the value of imports, over the period under review.
Import Prices By Country
In 2024, the import price in GCC amounted to $1,645 per ton, growing by 22% against the previous year. Import price indicated tangible growth from 2013 to 2024: its price increased at an average annual rate of +2.1% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, butanone import price decreased by -14.5% against 2022 indices. The most prominent rate of growth was recorded in 2018 an increase of 71% against the previous year. The level of import peaked at $1,923 per ton in 2022; however, from 2023 to 2024, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major importing countries. In 2024, amid the top importers, the country with the highest price was Saudi Arabia ($1,705 per ton), while the United Arab Emirates totaled $1,557 per ton.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.3%).
ExportsGCC’s Exports of Butanone (Methyl Ethyl Ketone)
In 2024, approx. 907 tons of butanone (methyl ethyl ketone) were exported in GCC; growing by 18% compared with the previous year’s figure. Overall, exports saw a modest increase. The most prominent rate of growth was recorded in 2022 with an increase of 192%. Over the period under review, the exports hit record highs at 1.7K tons in 2015; however, from 2016 to 2024, the exports remained at a lower figure.
In value terms, butanone exports surged to $1.9M in 2024. In general, exports showed a temperate expansion. The pace of growth appeared the most rapid in 2022 when exports increased by 257% against the previous year. As a result, the exports reached the peak of $2.6M. From 2023 to 2024, the growth of the exports remained at a somewhat lower figure.
Exports By Country
In 2024, the United Arab Emirates (907 tons) represented the main exporter of butanone (methyl ethyl ketone) in GCC, mixing up 100% of total export.
The United Arab Emirates was also the fastest-growing in terms of the butanone (methyl ethyl ketone) exports, with a CAGR of +1.9% from 2013 to 2024. The United Arab Emirates (+3.8 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United Arab Emirates ($1.9M) also remains the largest butanone supplier in GCC.
From 2013 to 2024, the average annual growth rate of value in the United Arab Emirates totaled +3.9%.
Export Prices By Country
In 2024, the export price in GCC amounted to $2,149 per ton, stabilizing at the previous year. Export price indicated a tangible increase from 2013 to 2024: its price increased at an average annual rate of +2.0% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, butanone export price decreased by -4.5% against 2022 indices. The most prominent rate of growth was recorded in 2018 an increase of 58%. The level of export peaked at $2,252 per ton in 2022; however, from 2023 to 2024, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.
From 2013 to 2024, the rate of growth in terms of prices for the United Arab Emirates amounted to +1.9% per year.
Source: IndexBox Market Intelligence Platform