Get the latest insights on price movement and trend analysis of Methyl Isobutyl Ketone in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Methyl Isobutyl Ketone Price Trend for the H1 of 2023
The first quarter of 2023 was favorable for Methyl Isobutyl Ketone (MIBK) prices. The prices in this quarter inclined as the activities of the supply chain were not apt according to the demand from the end-user sector. This, in turn, led to the depletion in the level of inventories, and as a result, the manufacturers were able to increase their profit margins.
The feedstock prices and rising cost of air freight raised the overall production costs, and thus, the price trend of Methyl Isobutyl Ketone soared. But at the onset of the second quarter, the outlook of the market became weak as the consumption of downstream sectors declined, which caused a problem of oversupply in the region that ultimately led to the decline in the prices of methyl isobutyl ketone.
The PEG prices escalated in the first quarter of 2023 in the European region. It was supported by the low level of inventories and elevated demand from the adhesives and paints industries. But this trend was short-lived, and the prices nosedived in the second quarter. Several factors contributed to this decline, collectively impacting the Methyl Isobutyl Ketone market. The feeble demand, weak production costs, and oversupply of Methyl Isobutyl Ketone in the region were the leading causes of this decline.
The trend of Methyl Isobutyl Ketone prices in North America was similar to that observed in the Asia Pacific region. In the first quarter of 2023, the price trend inclined with the support from the high consumption appetite of the market and the inability of the traders to keep up with the rising demand.
This increased the stress on manufacturers and ultimately led to the rise in the price trend of methyl isobutyl ketone. However, the second quarter was not favorable for the rising price trend. The market struggled with the gradually declining demand and high levels of inventories. Along with this, the uncertainties in the energy prices and excessive pilling of the stocks led to the decline in the prices of methyl isobutyl ketone.
According to Procurement Resource, the price of Methyl Isobutyl Ketone is expected to showcase a declining trend in the upcoming quarter. The market sentiments are slow in their recovery, and the demand from the end-user sector also seems weak, which will negatively impact the Methyl Isobutyl Ketone.
Procurement Resource provides latest prices of Methyl Isobutyl Ketone. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Methyl Isobutyl Ketone (MIBK) is an organic molecule with the chemical formula CH3COCH2CH2CH(CH3)2. It is a transparent, colorless liquid. It smells strongly like sugar and is highly combustible. In many industrial applications, including paints, coatings, adhesives, and chemical processes, it is predominantly employed as a solvent. It is suited for applications that call for controlled drying and great solvency for a variety of substances due to its characteristics, which include a high solvency power, low water solubility, and a relatively slow evaporation rate.
|Product Name||Methyl Isobutyl Ketone|
|Industrial Uses||Paints and coatings, Adhesives and sealants, Printing inks, Extraction|
|Molecular Weight||100.16 g/mol|
|Supplier Database||Sasol, Dow, Shell plc, Mitsui Chemical, Inc,KUMHO P&B CHEMICALS, INC|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, 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, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
In the first step of production of Methyl Isobutyl Ketone via aldol condensation, barium hydroxide is used to transform acetone into diacetone alcohol, which is then further dehydrated to produce mesityl oxide. The resulting mesityl oxide is then hydrogenated, saturating the double bond to provide methyl isobutyl ketone.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.
Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.
Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.