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Methyl Ethyl Ketone (MEK) Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition
Report Format: PDF+Excel | Report ID: SR112024A22567
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Methyl Ethyl Ketone (MEK) Prices June 2024
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Methyl Ethyl Ketone (MEK) | Petrochemicals | United States | 1461 USD/MT |
| Methyl Ethyl Ketone (MEK) | Petrochemicals | Japan | 1013 USD/MT |
| Methyl Ethyl Ketone (MEK) | Petrochemicals | Netherlands | 1556 USD/MT |
The methyl ethyl ketone (MEK) prices in the United States for Q2 2024 reached 1461 USD/MT in June. The market witnessed significant price shifts during the quarter, influenced by rising crude oil costs and robust demand in automotive and construction sectors. Economic recovery and infrastructure projects boosted market demand initially, though periodic corrections moderated the overall increase.
The price trend for methyl ethyl ketone (MEK) in Japan for Q2 2024 settled at 1013 USD/MT in June. The market experienced notable volatility, primarily affected by reduced manufacturing output and seasonal construction slowdowns. Supply issues, compounded by high procurement costs, caused price drops.
In the Netherlands, the methyl ethyl ketone (MEK) prices for Q2 2024 reached 1556 USD/MT in June. The market witnessed a significant downturn, driven by reduced feedstock costs and improved supply conditions. Seasonal demand patterns remained weak, particularly in the coatings and plasticizer industries, leading to declining prices.
Methyl Ethyl Ketone (MEK) Prices March 2024
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Methyl Ethyl Ketone (MEK) | Petrochemicals | United States | 1525 USD/MT |
| Methyl Ethyl Ketone (MEK) | Petrochemicals | Japan | 1089 USD/MT |
| Methyl Ethyl Ketone (MEK) | Petrochemicals | Netherlands | 1740 USD/MT |
The methyl ethyl ketone (MEK) prices in the United States for Q1 2024 reached 1525 USD/MT in March. The market reflected significant shifts, with early increases fueled by global supply disruptions, notably at the Red Sea and Panama Canal. Increased shipping costs and reduced supply tightened the market, while a decrease in construction demand in March led to decrease in prices as the quarter concluded.
The price trend for methyl ethyl ketone (MEK) in Japan for Q1 2024 settled at 1089 USD/MT in March. The market experienced fluctuating prices throughout the quarter mainly driven by strong demand from automotive and paint sectors early in the quarter. Rising costs of crude oil and feedstock butanol elevated prices, but softened demand in construction and reduced feedstock costs in March led to a price drop by end of the quarter.
In the Netherlands, the methyl ethyl ketone (MEK) prices for Q1 2024 reached 1740 USD/MT in March. The market witnessed an increase in prices at the start of the quarter, driven by strong demand in automotive and construction, compounded by the increase in production costs due to Middle Eastern tensions. Despite the decrease in construction demand, MEK prices elevated due to prior supply constraints by the end of the quarter.
Methyl Ethyl Ketone (MEK) Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Methyl Ethyl Ketone (MEK) | Petrochemicals | USA | 1354 USD/MT |
| Methyl Ethyl Ketone (MEK) | Petrochemicals | Japan | 1140 USD/MT |
| Methyl Ethyl Ketone (MEK) | Petrochemicals | Netherlands | 580 USD/MT |
The price of methyl ethyl ketone in the USA for Q4 2023 reached 1354 USD/MT in December. The market in the country had a favorable trend, beginning with stability in the first month due to steady feedstock butanol prices and sufficient stocks to fulfill demand. However, over the last two months, prices increased owing to higher demand from the downstream paint and coating sectors of the building industry.
The price trend for methyl ethyl ketone in Japan in Q4 2022 was 1140 USD/MT in December 2023. Low inventory levels and a lot of queries from downstream paints and coatings initially drove up prices in the country. However, support from butanol costs remained subdued.
Lower demand in the building industry and insufficient cost support from butanol feedstock caused methyl ethyl ketone prices in the Netherlands to decline during the first month of the quarter. The complicated interactions between market pressures, geopolitical changes, and transportation barriers that affected methyl ethyl ketone prices during the quarter were highlighted by the December price evaluation of USD 580/MT.
Regional Coverage
The report provides a detailed analysis of the methyl ethyl ketone market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the methyl ethyl ketone price trend.
Global Methyl Ethyl Ketone Price
The report offers a holistic view of the global methyl ethyl ketone pricing trends in the form of methyl ethyl ketone price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of methyl ethyl ketone but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed methyl ethyl ketone demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Methyl Ethyl Ketone (MEK) Price
Q2 2024:
The European methyl ethyl ketone (MEK) market in Q2 2024 was characterized by declining prices influenced by lower energy and feedstock costs. The stabilization of supply, following the resolution of force majeure situations by major manufacturers, resulted in increased MEK availability, which pressured prices downward. Weak demand from key downstream industries such as paints, coatings, and plasticizers, along with reduced procurement activities, intensified the bearish market sentiment. The seasonal demand typically peaks in summer, but this year saw subdued activity, further suppressing prices. The Netherlands, a significant market within Europe, experienced notable price fluctuations driven by oversupply and weakened demand, reflecting broader regional trends of decreased MEK prices.
Q1 2024:
Throughout Q1 2024, Europe’s MEK market reflected a varied pricing pattern, with the Netherlands experiencing distinct price shifts. Early in the quarter, MEK prices rose due to the strong demand from the Netherlands' automotive and construction sectors, alongside increased procurement activities in housing. Elevated production costs, driven by higher crude oil costs linked to geopolitical pressures in Middle East, also contributed to the rise. However, demand from construction slowed in March, and feedstock prices softened, causing MEK prices to decrease by quarter-end. Despite this decline, MEK pricing in the Netherlands remained above prior levels due to the ongoing effects of global supply chain disturbances and regional demand variances.
Q4 2023:
Methyl ethyl ketone prices in Europe had mixed sentiments in Q4FY23 owing to huge inventories and weak building demand. Nonetheless, a rise in demand from the automotive paint and coating sectors caused prices to soar during the past two months. Increased freight costs and shipping route impediments like the attacks in the Red Sea and the dryness in the Panama Canal also drove price increases.
This analysis can be extended to include detailed methyl ethyl ketone price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Methyl Ethyl Ketone (MEK) Price
Q2 2024:
In the second quarter of 2024, the North American MEK market experienced significant price volatility driven by a combination of supply chain disruptions and fluctuating industrial demand. Geopolitical tensions and supply interruptions heightened production costs, particularly affecting the upstream sector. The construction and automotive industries, key consumers of MEK for paints and coatings, saw increased demand, further pressuring prices. Additionally, seasonal procurement patterns contributed to heightened market activity as businesses prepared for summer operations. The United States, as the dominant market, mirrored these regional trends with heightened economic activity and infrastructural investments initially boosting MEK prices before experiencing a correction later in the quarter.
Q1 2024:
In the first quarter of 2024, North America's methyl ethyl ketone (MEK) market saw varied pricing patterns shaped by global events and regional supply chain shifts. Early in the quarter, a surge in prices took place, with the United States experiencing particular volatility due to significant supply chain challenges. Incidents like the Panama Canal drought and heightened security in the Red Sea led to increased shipping costs and delays, straining methyl ethyl metone (MEK) imports. In addition to this, global plant shutdowns further reduced MEK availability, amplifying price pressures.
Q4 2023:
Increased freight costs in North America as a result of the Red Sea interruptions led shipping firms to raise the cost of transporting containers from Asia. Methyl ethyl ketone prices during the quarter were shaped by complex dynamics influenced by geopolitical events and logistical problems, such as rising insurance rates for tanker owners and shipping delays in the Panama Canal owing to dryness.
Specific methyl ethyl ketone historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Methyl Ethyl Ketone (MEK) Price
The report explores the methyl ethyl ketone pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on methyl ethyl ketone prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Methyl Ethyl Ketone (MEK) Price
Q2 2024:
During the second quarter of 2024, the Asia-Pacific MEK market experienced considerable price volatility due to imbalances between supply and demand and rising production costs. Disruptions in the supply chain, such as maintenance shutdowns and severe weather conditions, limited the availability of MEK and drove up manufacturing expenses. Additionally, increasing crude oil prices exacerbated cost pressures, although the consistent demand from the automotive and construction industries provided some stability to the market. In Japan, the MEK sector encountered significant price fluctuations driven by lower manufacturing output and the diminished demand, especially in the construction industry. Furthermore, the implementation of anti-dumping regulations and a decline in export activities intensified the challenging pricing environment, resulting in a downward price trend despite steady consumption in downstream applications.
Q1 2024:
The Asia-Pacific region experienced fluctuating MEK prices in Q1 2024, with Japan witnessing notable shifts driven by demand from key sectors. Early in the quarter, strong demand from downstream paint and coatings, bolstered by the automobile sector’s growth, pushed prices upward. Rising production costs further contributed to this increase, influenced by elevated crude oil prices amid Middle Eastern tensions and higher costs for feedstock butanol. Positive market sentiment and pre-lunar year stocking activities supported prices, highlighting a trend of active procurement. However, in March, Japan saw a reduction in MEK prices as construction demand waned and feedstock prices dropped. The quarter ended with prices showing a clear decline from the previous year, despite early quarter highs driven by robust downstream activity and geopolitical factors.
Q4 2023:
The latter two months of the quarter showed a decline in methyl ethyl ketone pricing, as a result of lower demand from the downstream paint and coating sectors. This drop was caused by lower sales volumes in the face of weak building activity as well as lower demand in a number of industrial sectors, such as fuel, adhesives, and coatings. Methyl ethyl ketone production costs were also affected by a decline in user inquiries in downstream manufacturing industries and a slowdown in the upstream butanol market.
This methyl ethyl ketone price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Methyl Ethyl Ketone (MEK) Price
The analysis of methyl ethyl ketone prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Methyl Ethyl Ketone (MEK) Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Methyl Ethyl Ketone (MEK) Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of methyl ethyl ketone pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of methyl ethyl ketone at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of methyl ethyl ketone price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing methyl ethyl ketone price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Methyl Ethyl Ketone (MEK) Market Analysis
The global methyl ethyl ketone market size reached US$ 3.8 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 5.6 Billion, at a projected CAGR of 4.30% during 2023-2032.
- Methyl ethyl ketone is a solvent used in the paint and coatings industry as it can dissolve a variety of resins, improving product formulation. It aids in lowering the viscosity of paints and coatings without changing any other aspect of them, which is essential for application and final product quality. As per the data provided by the IMARC group, the size of the global paint and coatings industry was US$ 177.4 billion in 2023, and the market will increase at a CAGR of 4.6% from 2024 to 2032, reaching US$ 269.0 billion in 2023.
- The rising utilization of MEK as a solvent in the manufacturing of adhesives and sealants for enhancing their consistency and application qualities is propelling the market growth. It is especially useful in sectors that need strong, long-lasting bindings, such construction or automobile manufacture, where it is used to link building elements. As urbanization and economic development progress, the expansion in these industries is driving the demand for MEK. The World Bank report in 2023 claims that 50% of the global population lives in cities, and by 2045, there will be 6 billion people living in urban areas, which is a 1.5-fold increase from current levels. The adaptability of MEK in solvent applications makes it a preferred choice for producers who want to produce long-lasting goods with superior finishes.
- MEK is employed as a cleaning agent and process ingredient in the manufacturing of rubber and plastics. It works well for degreasing and creating surfaces for additional application or treatment, which is necessary for producing high-quality rubber and plastic goods. MEK is also used in the manufacturing of polymers to alter them in order to improve the material properties required for specific uses. According to the IMARC group, the size of the world market for industrial rubber was US$ 29.7 billion in 2023, and the market is projected to increase to US$ 40.0 billion by 2032.
- MEK is primarily adopted in flexographic and gravure printing inks in the printing industry. It efficiently dissolves the ingredients of the ink, facilitating a seamless printing process and enhancing the brightness and clarity of printed documents.
Methyl Ethyl Ketone (MEK) News
The report covers the latest developments, updates, and trends impacting the global methyl ethyl ketone market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in methyl ethyl ketone production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the methyl ethyl ketone price trend.
Latest developments in the methyl ethyl ketone industry:
- In December 2021: Nouryon started full-scale production at its new organic peroxide plant in Tianjin, China. The facility produces Butanox® methyl ethyl ketone peroxide and Trigonox® and Perkadox® organic peroxides.
- In October 20222: Arkema is restructuring the distribution of its Luperox® and Retic® organic peroxides in Europe, appointing Weber & Schaer, Dolder, and Univar Solutions as distributors across various countries, aiming to enhance user service and establish lasting partnerships.
Product Description
Methyl ethyl ketone (MEK) is a volatile, transparent liquid with a distinct yet pleasant smell. It is synthesized by the dehydrogenation of secondary butanol, which is a procedure that includes taking out hydrogen atoms under particular catalyst and heat conditions. It works especially well for applications requiring quick drying durations due to its great solvency, quick evaporation rate, and low boiling point.
MEK is essential for preserving the functionality and dependability of electronic equipment as it cleans and degreases electronic components during manufacture. In addition, it is employed in the manufacturing of polyvinyl chloride (PVC), which finds usage in a multitude of industries, such as medical, automotive, and construction. It functions as a solvent to aid in the dissolution of the PVC resin and other additives, streamlining the production process.
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Methyl Ethyl Ketone |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Methyl Ethyl Ketone Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
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| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of methyl ethyl ketone pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting methyl ethyl ketone price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The methyl ethyl ketone price charts ensure our clients remain at the forefront of the industry.
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