Propylene Glycol Price in USA
- United States: 1520 USD/MT (Industrial Grade)
The Industrial Grade FOB Los Angeles landed at 1520 USD/MT.
The latest report by IMARC Group, titled "Propylene Glycol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of propylene glycol prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Propylene Glycol Prices Analysis:
- South Korea: 1075 USD/MT (Industrial Grade)
- Netherlands: 1685 USD/MT (Industrial Grade)
Report Offering:
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The study delves into the factors affecting propylene glycol price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/propylene-glycol-pricing-report/requestsample
Propylene Glycol Price Trend- Last Quarter
The propylene glycol (PG) market is primarily driven by its wide range of applications across various industries, including pharmaceuticals, food and beverages, cosmetics, and automotive sectors. In the pharmaceutical and food industries, PG's role as a solvent, humectant, and stabilizer makes it essential for formulations and processing. The increasing demand for processed foods and personal care products further supports market growth. The automotive and industrial sectors also significantly contribute to demand, where PG is used in antifreeze, de-icing solutions, and coolants.
Additionally, the market is being propelled by the growing adoption of eco-friendly products, as PG derived from renewable resources is gaining traction. Another driving factor is the expansion of the pharmaceutical and personal care industries in emerging economies, leading to higher consumption. However, fluctuations in crude oil prices and environmental concerns related to PG production from petrochemical sources are potential challenges for the market.
Propylene Glycol Industry Analysis
In Q4 2023, the propylene glycol (PG) market in North America, Asia-Pacific, and Europe faced a bearish trend due to weak demand and oversupply. In the US, demand was subdued by rising inflation, high interest rates, and geopolitical uncertainties, leading to an excess supply. Market participants focused on reducing old inventories while declining Propylene Oxide prices, a key raw material, added to the downward pressure.
In the Asia-Pacific region, prices fell as domestic demand weakened and export orders diminished. Ample supply in China, Singapore, and South Korea, along with disruptions in global supply chains due to tensions in the Red Sea, further exacerbated the decline. South Korea, in particular, saw significant price reductions as inventories accumulated.
In Europe, despite a brief boost in consumer confidence following inflation moderation in the Netherlands, weak demand and sufficient supply led to a consistent decline in prices throughout the quarter. Across all regions, prices were lower than the previous quarter and the same period last year, highlighting the ongoing challenges in the global PG market. A combination of weak demand, economic pressures, and an excess of available supply across key drove this downward trend in markets.
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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
- Middle East Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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