Propylene Glycol Price in USA
- United States: 1520 USD/MT (Industrial Grade)
In Q4 2023, propylene glycol (PG) prices in the US declined due to reduced demand, oversupply, and inventory adjustments.
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:
- Monthly Updates: Annual Subscription
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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
Propylene glycol's growing use as a flavor transporter and moisture-retaining ingredient in food and drink goods is fueling the market's expansion. Several industries use propylene glycol, including the food & beverage, pharmaceutical, cosmetic, and industrial sectors. Demand is fueled by its versatility as a humectant, anti-freeze agent, and solvent in various fields. Its market expansion is driven by its usage as a drug carrier in pharmaceuticals and as a moisturizer and texture enhancer in cosmetics. The market is growing in part because of the need for propylene glycol in industrial applications including de-icing solutions and hydraulic fluids. Propylene glycol is preferred over ethylene glycol in applications that call for low toxicity, which increases its commercial attractiveness.
Propylene Glycol Industry Analysis
In Q2 2024, the propylene glycol market in North America experienced a notable downturn, influenced by multiple converging factors. The primary drivers of the decrease in prices were slackened end-user demand, abundant supply, and economic policies aimed at controlling inflation. Persistent weak demand from key sectors such as pharmaceuticals, food, and industrial applications played a significant role in suppressing prices. The economic strategy of maintaining high interest rates to combat inflation indirectly weakened consumer purchasing power, further dampening market demand.
Propylene glycol prices in the Asia-Pacific area were primarily negative in Q2 2024, with notable drops noted across the quarter. The market's excess supply, the weakening demand from end-user industries, and the uncertainties surrounding the global economy were the main causes of the declining trend. High interest rates and ongoing inflationary pressures made matters worse by discouraging consumer spending and eroding market confidence.
The price of propylene glycol in the European region witnessed a notable decline in Q2 2024, mostly due to a decline in demand in several downstream industries, such as food, pharmaceuticals, and cosmetics. Reduced order volumes and rising inventory levels put more pressure on the market, forcing suppliers to lower their pricing tactics to boost demand. The overall adverse market trend was strengthened by the generally low economic confidence, which was further weakened by high interest rates and persistent inflationary pressures.
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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