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Methyl Ethyl Ketone (MEK)

Methyl Ethyl Ketone (MEK) Prices Overview

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Methyl Ethyl Ketone (MEK) Prices Overview

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Market Overview

Quarterly Update on Global Methyl Ethyl Ketone (MEK) Market

For the Quarter Ending September 2020

Asia

Several large-scale manufacturers of MEK maintained relatively low operating rates in July-September quarter against the backdrop of subdued domestic demand. Few of the manufacturers were heard adopting a wait and see approach in the second half of the quarter as majority of downstream industries were either shut or were running at reduced rates under the fears of demand uncertainty as a repercussion of coronavirus outbreak. In September, demand for MEK witnessed a marginal rebound in China as the government carried out several initiatives to uplift the sunken economy. However, it was not enough to sustain the market for a good amount of time and compelled China to again long for exports. In India, the revival of automotive industry by the end of September showcased much-needed hopes towards stability of MEK market in the near future. CFR prices for MEK in India were assessed around USD 1135 per MT, witnessing a decline by USD 25 per MT from the previous quarter.

Europe

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.

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Services

Market Analysis

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 Methyl Ethyl Ketone (MEK) is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the Methyl Ethyl Ketone (MEK) 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.

News & Deals

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.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Methyl Ethyl Ketone (MEK) manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Methyl Ethyl Ketone (MEK)market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Methyl Ethyl Ketone (MEK) market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.

Finally, region-specific markets for Methyl Ethyl Ketone (MEK) are analyzed and region-wise demand pattern is tracked.

About

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.

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Methyl Ethyl Ketone (MEK) Prices Overview