Methyl N-Propyl Ketone Price Trend

Methyl N-Propyl Ketone Prices December 2023

In December, the price of methyl N-propyl ketone in India for Q4 2023 reached 7374 USD/MT. In India, rising costs in the import MPK market, driven by increased prices from traders and strong cost support from upstream Acetone markets, have led to inflationary pressures, despite attempts to meet the high demand from the adhesive and chemical intermediates sectors.

Methyl N-Propyl Ketone Price Trend, Market Analysis, and News

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

The report examines the elements influencing methyl N-propyl 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 N-Propyl Ketone Market Analysis

The global methyl N-propyl ketone market size reached 424.4 Thousand Tonnes in 2023. By 2032, IMARC Group expects the market to reach 578.3 Thousand Tonnes, at a projected CAGR of 3.50% during 2023-2032.

• The rising construction activities worldwide, coupled with the rebound in automotive production, substantially fuel the demand for paints and coatings where MPK is utilized.
• The shift towards lightweight and more efficient automotive components necessitates advanced adhesive solutions, wherein MPK plays a crucial role.
• The trend towards sustainability has also prompted manufacturers to invest in research and development of bio-based and less volatile organic compound (VOC) emitting solutions, positioning MPK as a favorable option due to its lower environmental impact compared to other ketones.
• Rapid expansion of the pharmaceutical and agrochemical sectors provides a steady stream of opportunities for MPK, given its application in synthesizing various intermediates.
• Innovations in production technology that improve the efficiency and yield of MPK production processes are lowering manufacturing costs and enhancing product quality.
• As governments worldwide tighten regulations on solvent emissions and environmental protection, MPK is gaining favor due to its lower VOC emissions compared to many traditional solvents.
• Rapid industrialization in regions like Asia-Pacific and Latin America is expanding the market for MPK.
• The growth in manufacturing, automotive, and construction sectors in these regions drives demand for effective solvents and chemical intermediates, where MPK is increasingly utilized.
• Increasing consumer demand for high-quality and durable finishes in products such as automotive and household appliances also drives the need for superior coatings and solvents.
• Strategic alliances, mergers, and acquisitions among major players in the chemical industry help companies expand their MPK production capabilities and explore new markets and applications, thus nurturing market growth.
• Increasing trends in DIY projects and home renovations have boosted the retail sales of paints and solvents, including MPK, as consumers undertake more home improvement projects themselves.
• MPK is used as a solvent in printing inks, particularly in high-speed printing processes in packaging, publishing, and commercial printing which can globally increase the demand for MPK.

Methyl N-Propyl Ketone News

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

Latest developments in the methyl N-propyl ketone industry:

• On March 25, 2024, Eastman has been selected by the Department of Energy to negotiate up to $375 million in funding under the Bipartisan Infrastructure Law and Inflation Reduction Act for its second U.S. molecular recycling project, leading to plans for a new facility in Longview, Texas.
• On April 30, 2024, Kimberly-Clark Professional™ has announced the 2024 Greenovation Awards, recognizing 56 companies for their sustainability leadership and participation in a landfill diversion program.
• On May 28, 2024, Mondi, a leading packaging and paper company, has completed a life cycle assessment (LCA) for its innovative paper-based Hug&Hold solution, comparing its environmental impact to conventional low-density polyethylene shrink wrap for six 1.5 liter PET beverage bottles.

Product Description

Methyl N-Propyl Ketone (MPK), also referred to in chemical processes as 2-pentanone, is a chemical compound that has been classified according to its evaporation rate and solvent capability. It is an organic solvent that is a colorless liquid with a rather pungent odor that is the most extensively utilized chemical substance in industries. MPK is industrially synthesized through oxidation of n-butyl alcohol and this process requires the use of catalysts, which enables the oxidation procedure to be done under optimum conditions of high purity and selectivity. MPK is valued because of its solubility in a large number of substances used to create the composition of lacquers, paints, and varnishes. It also cautions the effectiveness of using it as an extraction agent for oils, fats, and waxes in the food processing and pharmaceutical industries.

It is comparatively less toxic than other ketones like acetone and MEK (Methyl Ethyl Ketone); besides, it is hardly pungent in smell, which enhances its application to places that are sensitive to the health of people. The use of MPK has benefits including It has a high solvency power of eradicating efficiency in operations such as cleaning industries including automotive, textiles, and electronics since it is used in surface preparations.

Regional Coverage

The report provides a detailed analysis of the methyl N-propyl 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 N-propyl ketone price trend.

Global Methyl N-Propyl Ketone Price

The report offers a holistic view of the global methyl N-propyl ketone pricing trends in the form of methyl N-propyl 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 N-propyl 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 N-propyl 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 N-Propyl Ketone Price

In the European region, the MPK market has experienced a notable upward trend in prices due to a combination of factors. Rising ketone prices, increased trading enthusiasm, and robust market fundamentals have all contributed to this trend. Producers have seized the opportunity to raise their quotations amidst scarce product availability and strong demand fundamentals that continue to support higher price levels. Furthermore, diminished MPK stockpiles across Europe, particularly in countries like Germany and the Netherlands, have been observed due to vigorous trading activities. This has led to heightened trading, including a notable increase in bulk purchases and cross-border transactions within the region. The overall market dynamics are characterized by bullish trends, driven by active trading that helps alleviate stock pressures and sets the stage for anticipated replenishment activities. This combination of factors ensures a dynamic and upward-moving MPK market in Europe.

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

North America Methyl N-Propyl Ketone Price

In Q4 2023, the North American MPK market demonstrated a firming of prices primarily driven by a supply shortfall within the region. This tightening of supply, combined with strong regional consumption rates and robust demand from the downstream sectors, particularly the paint and coating industries, has supported a northward price movement. Despite tepid demand from these industries, the continuous utilization of inventories has further escalated prices. Trading activity around North American ports has also increased, with regional suppliers raising their offers due to the restricted product availability. Moreover, a rebound in MPK prices was observed as suppliers engaged in bulk purchasing, signaling a robust demand. Overall, the North American MPK market showed a significant improvement in pricing dynamics compared to the previous quarter, fueled by optimistic trading sentiments and strategic bulk purchases by key market players.

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

Middle East and Africa Methyl N-Propyl Ketone Price

The report explores the methyl N-propyl 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 N-propyl ketone prices for countries can also be provided.

Asia Pacific Methyl N-Propyl Ketone Price

In Q4 2023, the Asia Pacific region experienced significant dynamics in the MPK market. The region saw a continuous utilization of MPK inventories due to persistently high demand, especially from downstream sectors such as adhesives and chemical intermediates. Traders in the region responded to these challenges by raising their prices to cover escalating costs, driven in part by strong cost support from the upstream Acetone market, which also raised production costs. The heightened operating rates at production units aimed to meet this increasing demand, yet still fell short, indicating a supply-demand imbalance that added inflationary pressures to the market. This situation was further compounded by increased purchasing activity and robust market fundamentals, which influenced trade dynamics significantly. Overall, the Asia Pacific MPK market in Q4 2023 was marked by tight supply, rising costs, and strong demand, leading to a stressed yet dynamic market environment.

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

Latin America Methyl N-Propyl Ketone Price

The analysis of methyl N-propyl 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 N-propyl 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 N-propyl 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 N-propyl ketone price charts ensure our clients remain at the forefront of the industry.