In Asia, Methyl Ethyl Ketone prices had a sluggish start in H1 2023 due to plummeting demands from paint and coating industries, compounded by weak feedstock butanol prices. The pandemic-induced lockdowns in China initially halted the industry, and even after reopening, consumer focus on necessities prolonged the revival. Global economic slowdown also contributed, leading to a bearish market. Europe’s Methyl Ethyl Ketone market mirrored Asia’s trend due to import dependency, rising crude oil costs, and economic challenges, while North America experienced fluctuating prices driven by subdued downstream demands and reduced upstream costs.
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Definition
Methyl Ethyl Ketone (MEK) is a volatile organic compound with the chemical formula C4H8O. It’s a clear, colorless liquid with a sweet odor. MEK is widely used as a solvent in various industries, including paints, coatings, adhesives, and chemical processes. It’s valued for its fast evaporation rate and ability to dissolve a range of substances.
Key Details About the Methyl Ethyl Ketone Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Methyl Ethyl Ketone in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Methyl Ethyl Ketone Price Trends, including India Methyl Ethyl Ketone price, USA Methyl Ethyl Ketone price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Methyl Ethyl Ketone Price Trend:
Methyl Ethyl Ketone (MEK) serves pivotal roles across industries, primarily as a solvent in paints, coatings, and adhesives due to its effective dissolving capabilities. It finds application in chemical processes and the manufacture of plastics, resins, and textiles. Its fast evaporation rate and versatility in blending make it a valuable component in various industrial formulations.
Key Players:
- ExxonMobil Corporation
- Royal Dutch Shell Plc
- Arkema Group
- Sasol Limited
- Tasco Chemical Corporation
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