Methyl N-Amyl Ketone (MAK) Price Trend

Methyl N-Amyl Ketone (MAK) Prices December 2023          

 
In December 2023, the price of methyl n-amyl ketone (MAK) in the USA declined to 3085 USD/MT FOB Louisiana. The market experienced low netbacks, falling production costs, and gloomy demand, leading to declining profit margins and revenue for major companies. The weak market trend and sluggish economies caused a constant decline in operating rates. MAK producers faced unstable supply situations due to sluggish downstream market offtakes and immediate purchase operations.        

In India, the price of methyl n-amyl ketone (MAK) declined to 3720 USD/MT Ex-Mumbai, influenced by high inventory levels and low market demand. The market is characterized by a lackluster business environment and unfavorable market outlook. The downstream paint and coating industries continue to show low demand for MAK. Increased production rates and economical operational expenses have led to an oversupply of products, despite reduced local pricing.

Methyl N-Amyl Ketone (MAK) Price Trend, Market Analysis, and News

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

The report examines the elements influencing methyl n-amyl ketone (MAK) 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 N-Amyl Ketone (MAK) Market Analysis

The global methyl n-amyl ketone (MAK) market size reached 248.3 Thousand Tonnes in 2023. By 2032, IMARC Group expects the market to reach 336.9 Thousand Tonnes, at a projected CAGR of 3.50% during 2023-2032.

• MAK is broadly known to be utilized as a solvent within the paints and the coatings industry. The need for MAK is positively influenced by a rising construction sector and developing automobile market, where there is rising demand for high-strength paints and coatings. 
• The MAK is used in the pharmaceutical industry in various processes of production. Thus, the increase in this sector and particularly in developing countries is creating high demand for high purity solvents such as MAK.
• Higher requirement in the use of organic solvents due to advanced environmental MAK standards is affecting the market. Various companies are focusing on developing environmentally friendly formulations.   
• MAK is also widely utilized in the formulation of commercial/adhesive and sealant industry especially for industrial uses. This is due to increased usage of adhesives in applications such as electronics and automotive industries in which MAK is in high demand due to its effectiveness.    
• Restrictions on supply chain all over the world due to issues in geopolitical front and outbreak in pandemic also affect MAK availability and cost. Sourcing managers are now looking for opportunities in ways that can enhance supply chain status and supply sources.
• There is an increasing focus towards innovation in solvent formulations and making solvent formulations a key area for MAK. The companies are working towards formulating new blends that better perform with less harm to the environment.
• The MAK market has been constantly growing in the Asia-Pacific region since countries are experiencing rapid industrialization and urbanization, primarily China and India. This is aided by upward spiraling local production capacities in this region to increase the expansion of the market.  
• MAK’s product technological advancement in production line is a key area that is contributing to cutting costs as well as enhancing efficiency. The measures being implemented entail the use of modern approaches in order to improve the purity and quality of the end product.
• There is an increasing interest in bio-based solvents as a sustainable alternative to conventional petrochemical-derived solvents like MAK.
• Within the coatings and adhesives industries, consumer preferences are shifting towards products with lower VOC (Volatile Organic Compounds) content. This trend is encouraging manufacturers to either modify the solvent blends to reduce VOC levels or switch to alternatives that have minimal environmental impact.  

Methyl N-Amyl Ketone (MAK) News

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

Latest developments in the methyl n-amyl ketone (MAK) industry:    

• On 14^th February 2024, Eastman announced a long-term agreement with Nord Pal Plast SA. This partnership underscores the importance and complementary nature of both mechanical and molecular recycling processes in creating a more sustainable future.
•  On 18^th April 2024, Antala Ltd. announced a new partnership with MG Chemicals. The partnership between MG Chemicals brings best-in-class solutions to electronics manufacturers across the United Kingdom and Republic of Ireland.

Product Description        

Methyl n-amyl ketone is an organic compound which has a mild pleasant fruity blunt like smell of acetone or bananas. It is a colorless liquid which is intended to be used for the purpose of dissolving or diluting a wide range of substances across many industries such as coatings, cleaners, and inks. MAK is especially used due to their capability of dissolving resins and polymers which is important in developing lacquers and paints.      

Methyl n-amyl ketone also has good properties of slow evaporation, which makes it possible for coatings application to have a better and long-lasting finish. It also tends to reduce the chances of defects such as blushing while offering improved flow of the coatings. Also, it functions as a food additive as a flavoring agent in the food production and processing industry, besides being used as a fragrance in production of perfumes and cosmetics.

Regional Coverage

The report provides a detailed analysis of the methyl n-amyl ketone (MAK) market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends 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 n-amyl ketone (MAK) price trend. 

Global Methyl N-Amyl Ketone (MAK) Price

The report offers a holistic view of the global methyl n-amyl ketone (MAK) pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.

North America Methyl N-Amyl Ketone (MAK) Price   

In North America, despite low feedstock pentanol costs supporting MAK exports to Asia, declining consumer spending and economic uncertainties have reduced demand. Diminished production costs and weak market trends have led to lower profit margins and revenues, with a continuous decline in operating rates across downstream industries. Additionally, unstable supply situations and immediate-need purchase operations have contributed to decreased trading and bearish market fundamentals in the US.    

Specific data on methyl n-amyl ketone (MAK) prices within the United States and Canada can also be provided.

Asia Pacific Methyl N-Amyl Ketone (MAK) Price

In the APAC region, the MAK market is challenged by falling purchasing activities and high inventory levels, leading to declining prices. Lackluster business conditions and a negative market outlook have necessitated suppliers to meet only immediate needs, causing weak demand. Particularly in the paint and coating industries, demand remains low. Despite lower prices stimulating some demand, increased production and cost efficiencies have resulted in an oversupply. Currently, imports of MAK from the USA to India are inactive due to subdued trade volumes.  

This analysis can be further extended to include detailed methyl n-amyl ketone (MAK) prices for a comprehensive list of countries within the region.

Europe Methyl N-Amyl Ketone (MAK) Price

European methyl n-amyl ketone (MAK) prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

This analysis can be extended to include detailed methyl n-amyl ketone (MAK) price information for a comprehensive list of countries.

Middle East and Africa Methyl N-Amyl Ketone (MAK) Price

The report explores the methyl n-amyl ketone (MAK) 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 n-amyl ketone (MAK) prices for countries can also be provided.

Latin America Methyl N-Amyl Ketone (MAK) Price

The analysis of methyl n-amyl ketone (MAK) 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 n-amyl ketone (MAK) 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 n-amyl ketone (MAK) 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, ensuring they remain at the forefront of the methyl n-amyl ketone (MAK) industry.