Methyl Isobutyl Ketone Price Trend

Methyl Isobutyl Ketone Prices December 2023

In December 2023, the price of MIBK in the USA dropped to 1372 USD /MT FOB Texas, influenced by stable ketone feedstock values and reduced production costs. The MIBK market is further pressured by weak demand and ongoing regional economic uncertainties. Buyers, cautious due to these conditions, leverage the low demand to negotiate for lower prices.

In China, the price of MIBK has dropped to 1392 USD/MT FOB Qingdao due to the remodeling of manufacturing facilities. The remodeling was done to accommodate lower bids, abundant inventories, and ample supply. The decline in demand, primarily from modest orders and reduced operating rates in the downstream antioxidant industry during the off-season, have led to a pessimistic market outlook.

Methyl Isobutyl Ketone Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Methyl Isobutyl Ketone Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of methyl isobutyl 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 isobutyl ketone at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of methyl isobutyl ketone price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing methyl isobutyl 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 Isobutyl Ketone Market Analysis

The global methyl isobutyl ketone market size reached 541.3 In Kilo Tons in 2023. By 2032, IMARC Group expects the market to reach 758.5 In Kilo Tons, at a projected CAGR of 3.80% during 2023-2032.

• As rapid urbanization and industrialization advance, the demand for MIBK in the production of industrial coatings, particularly for automotive and construction applications, is increasing.
• The rise in stringent environmental regulations across the globe has led to an increased demand for MIBK as a lower-risk solvent alternative in the paints and coatings industry, which seeks to reduce volatile organic compound (VOC) emissions.
• Growing investment in research and development (R&D) activities aimed at expanding MIBK applications in high-growth sectors such as electronics and pharmaceuticals.
• Ongoing development of biobased MIBK alternatives is gaining traction as industries move towards more environmentally friendly solvents, further propelling the market's expansion and offering new opportunities for manufacturers and investors in the MIBK market space.
• The printing industry, especially in packaging, requires solvents that can ensure quick drying and firm adhesion of inks. MIBK’s solvent properties make it ideal for use in high-speed printing processes, supporting its demand in this sector.
• Economic growth in Asia, Africa, and Latin America is fostering new industrial activities and enhancing consumer spending power, which in turn fuels the demand for products utilizing MIBK in various applications, from manufacturing to personal products.
• The agrochemical industry relies on solvents to formulate pesticides and herbicides. MIBK's effective solvency properties make it a preferred choice for the formulation of various agrochemical products.
• The ongoing development of new paint and coating formulations that require specific solvent properties to enhance application and drying characteristics fosters the use of MIBK.
• As supply chains become more globalized, the ease of accessing raw materials like MIBK improves, facilitating its integration into various industrial processes worldwide.
• In consumer goods manufacturing, there is a noticeable trend toward products with high-quality finishes, whether in automotive, furniture, or appliances.

Methyl Isobutyl Ketone News

The report covers the latest developments, updates, and trends impacting the global methyl isobutyl 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 isobutyl ketone production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the methyl isobutyl ketone price trend.

Latest developments in the methyl isobutyl ketone industry:

• In 2024, Lee Chang Yung Group International PTE Ltd., part of LCY Group, announced a business and capital alliance with DENKAI AMERICA INC., a subsidiary of NIPPON DENKAI, involving a US$9.5 million loan to foster collaboration and share operational experiences in the U.S. This alliance includes a technology license agreement between LCY Technology and DENKAI Group, aimed at enhancing cooperation in producing both rigid and flexible boards and advancing in high-functioning fields like high-frequency and high-density mounting. Bowie Lee, LCY Group's Chairman, anticipates significant synergies from this partnership.
• In 2023, Imec and Mitsui Chemicals have announced a strategic partnership to commercialize carbon-nanotube (CNT) based pellicles for extreme ultraviolet (EUV) lithography, targeting their introduction in high-power EUV systems by 2025-2026. The collaboration involves integrating imec's CNT pellicle innovations into Mitsui’s technology, aiming to achieve full production specifications for next-generation ASML 0.33NA EUV systems supporting 600W+ light sources. The partnership was formalized in Tokyo at Semicon Japan 2023, aligning with advanced semiconductor manufacturing demands for high yield and throughput.
• In 2024, Dow and Procter & Gamble entered a joint development agreement to innovate a recycling technology that transforms hard-to-recycle plastic packaging into high-quality recycled polyethylene. This new technology, combining their patented dissolution processes, targets a broad range of post-household plastics, aiming to produce post-consumer recycled polymer with reduced greenhouse gas emissions, supporting P&G's circularity goals in packaging.

Product Description

Methyl isobutyl ketone is considered one of the most widely used chemical solvents. It is being extensively used to produce the bulk of industrial applications. It is a transparent, colorless liquid with a thin and rich smell, frequently used to help in the dissolving of resins, oil, and other substances. MIBK is produced through acetone condensation in which acetone, as a starting material, is converted under certain catalytic conditions to the final product, MIBK, and a side-product component that is called diacetone alcohol.

The compound is known for its slow evaporation and good solvency ability which are the major reasons for its wide application not only in paint and coating industries but also in the varnishes sector. MIBK belongs to the type of solvents generally used in its pure form, yet it can be mixed with other solvents if the needs call for it as it promises to hold those properties useful in particular applications.

One of the pros of using MIBK is that compared to the other solvents it exhibits the feature of less toxicity and hence a better option for the application in industries. Apart from its crucial role in the metal processing industry that involves gold and other antagonistic metals, it also exhibits selectivity towards a certain material. Besides that, MIBK also has demand in the rubber sector for the manufacturing of rubber chemicals, and it also serves as a denaturant in denatured alcohol.

Regional Coverage

The report provides a detailed analysis of the methyl isobutyl 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 isobutyl ketone price trend.

Global Methyl Isobutyl Ketone Price

The report offers a holistic view of the global methyl isobutyl ketone pricing trends in the form of methyl isobutyl 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 isobutyl 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 isobutyl 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 Isobutyl Ketone Price

During Q4 2023, the European MIBK market faced bearish sentiments due to weak demand and high supply, leading to a sluggish market and low trading volumes. The absence of significant supply/demand disruptions and subdued upstream isobutylene costs contributed to a supply overhang. High inventories and reduced demand from end-user industries further pressured the market, which saw no plant shutdowns in the quarter.

This analysis can be extended to include detailed methyl isobutyl ketone price information for a comprehensive list of countries.

North America Methyl Isobutyl Ketone Price

In Q4 2023, North American MIBK markets experienced low purchase volumes for fresh stocks due to declining demand from downstream enterprises and decreased overseas trades. Ongoing regional economic uncertainties and hesitant purchasing behaviour allowed buyers to negotiate for lower prices. The drop in spot prices was further influenced by producers needing to clear out inventories as storage costs increased. In the US, despite adequate supplies keeping the MIBK sector stable, weak demand from the paint and coatings sector and other market challenges have led manufacturers to maintain cautious pricing strategies.

Specific methyl isobutyl ketone historical data within the United States and Canada can also be provided.

Middle East and Africa Methyl Isobutyl Ketone Price

The report explores the methyl isobutyl 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 isobutyl ketone prices for countries can also be provided.

Asia Pacific Methyl Isobutyl Ketone Price

In Q4 2023, the Asia Pacific MIBK market experienced a sluggish trend due to slow offtakes and weakening demand for fresh stocks, leading to price declines. In China, manufacturers are remodeling facilities to accommodate lower bids, pressured by ample inventories and high supply, prompting producers to lower MIBK prices. To avoid hoarding, several companies have reduced their ex-factory prices. The downturn is further exacerbated by a decreased operating rate in the downstream antioxidant industry during the off-season. The cautious market entry by large businesses under specific contracts has also contributed to tame support for the industrial chain.

This methyl isobutyl ketone price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Methyl Isobutyl Ketone Price

The analysis of methyl isobutyl 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.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of methyl isobutyl 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 isobutyl 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 isobutyl ketone price charts ensure our clients remain at the forefront of the industry.