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Methyl Isobutyl Ketone (MIBK)

Methyl Isobutyl Ketone (MIBK) Prices Overview

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Methyl Isobutyl Ketone (MIBK) Prices Overview

Get Real Time Prices

Market Overview

Quarterly Update on Global Methyl Isobutyl Ketone (MIBK) Market

For the Quarter Ending September 2020

Asia

The Asian MIBK market witnessed consistent demand from almost all the end-use sectors, majorly rubber tyre producers and the paints & coatings sector by the end of third quarter. Due to COVID-19 pandemic, the majority of production plants which became non-operational in Q2 resumed their operations near to the end Q3. China’s Ningbo Zhenyang started its 15,000 tonnes/year plant by the closing of Q3. Supply remained impacted as several leading players delayed resumption in their production lines. PetroChina Jilin delayed the restart of its 15,000 tonnes/year plant till October, from the earlier scheduled September. This triggered a marked shortage in the supply of MIBK in the region. Firming crude supported by nagging production helped in pushing the prices upward since the August end.

North America

The North American MIBK demand in the US and other American countries was noted to be constant during the third quarter. Strong pick-up in the upstream Propylene and crude oil further further rendered an inclining trend to the regional MIBK prices. Lack of movement across the region in Q2 dure to trade related restrictions was seen easing by the mid of Q3. Slowdown in the downstream construction and paints & coating sector in the US significantly reduced the overall MIBK consumption which however is anticipated to trace back to pre-COVID era towards the year-

end.

Europe

Shortage in the product supply was reported in Q3 on account of halted imports from the Asian countries like China which was heard dedicatedly ramping up feedstock exports over derivatives. Plant turnarounds amid surging COVID-19 cases exacerbated the supply shortage in the region during Q2 and Q3. However, increasing demand and recovering dynamics in the downstream paints & coatings and automotive sectors bolstered the overall producer run rates towards the end of Q3.

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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 Isobutyl Ketone (MIBK) 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 Isobutyl Ketone (MIBK) 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 Isobutyl Ketone (MIBK) manufacturers, spread across the domestic and international markets, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of the 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 Isobutyl Ketone (MIBK) 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 Isobutyl Ketone (MIBK) 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 Isobutyl Ketone (MIBK) are analyzed and region-wise demand pattern is tracked.

About

Methyl Isobutyl Ketone (MIBK) is the organic compound with the chemical representation (CH₃)₂CHCH₂CCH₃. It is a flammable, colorless, stable liquid which is widely used as a solvent or chemical intermediate in gums, pharmaceuticals, resins, other chemicals, and industrial cleaner production globally. It is also used in the production of paints, inks, and other type of surface coating as it is highly efficient in dissolving resins used in their manufacturing processes. The conventional method to produce MIBK involves aldol condensation of acetone and its derivative intermediates viz. diacetone alcohol and mesityl oxide. It is also naturally found in oranges, grapes, and vinegar. There are wide range of consumer products that contain MIBK including aerosol paints, coatings used in construction, and automobile and machinery paints and primers. Additionally, MIBK has application in the agricultural sector as it is used in insecticides to protect crops from insects etc.

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Methyl Isobutyl Ketone (MIBK) Prices Overview