Ample imports of MEK from Asia during Q3 of 2020 directed excess supply to the European market, leading to a sharp drag in its market fundamentals. Resumption in operations of the automotive industry did not provide the expected push to the MEK demand as the overall offtakes were still quite low as compared to pre-lockdown levels. In addition, feeble demand from paints and coatings applications due to limited construction activities further delayed the rebound of MEK market in Europe. However, consumption of MEK viably increased for furniture-related to adhesives in comparison to its other segments.
ChemAnalyst addresses the key problematic areas and risks associated with chemical and petrochemical business globally and enables the decision-maker to make smart choices. It identifies and analyses factors such as geopolitical risks, environmental risks, raw material availability, supply chain functionality, disruption in technology and so on. It targets market volatility and ensures clients navigate through challenges and pitfalls in an efficient and agile manner. Timeliness and accuracy of data has been the core competency of ChemAnalyst, benefitting domestic as well as global industry in tuning in to the real-time data points to execute multi-billion-dollar projects globally.
Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Acrylonitrile is calculated considering the production, import, export and inventory-levels on the country and regional level markets.
Acrylonitrile price is correlated with the price trend of crude oil, demand-supply gap, Propylene and with movement across the downstream derivatives such as acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) etc.
Basic details and information on financial performance of leading global players in the Acrylonitrile market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.
Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.
Finally, region-specific markets for Methyl Ethyl Ketone (MEK) are analyzed and region-wise demand pattern is tracked.
Methyl Ethyl Ketone (MEK) is a colorless liquid of low viscosity and an Acetone like odor. Since MEK does not polymerize easily, it is preferred with various organic reagents and is also regarded as an ideal solvent for numerous industrial materials. MEK produces desired solutions having high solid content and low viscosity with natural and synthetic resin. The product is viably utilized as a high-quality solvent in adhesives, thinners, cleaning agents, printing inks and surface coating applications. Industrially, it is highly demanded in pharmaceuticals and as an intermediate in chemical industry. MEK occurs naturally in some of the foods such as beans, apple juice, chicken, honey and others. The conventional method for manufacturing MEK is via secondary butanol dehydrogenation. As per the new technology, MEK is manufactured by the direct oxidation of n-butene with cupric chlorides or palladium as catalysts. MEK can also be extracted as a by-product in the manufacturing process of butane-based acetic acid.