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Written by Beckett » Updated on: November 19th, 2024
Polyethylene Glycol Price in USA
United States: 1250 USD/MT (PET Bottle Grade)
Consequently, production costs decreased, leading to a drop in market prices. Specifically, the price trend for PEG was documented at $1250 per metric ton.
The latest report by IMARC Group, titled "Polyethylene Glycol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of polyethylene 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 polyethylene glycol 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.
Polyethylene Glycol Prices December 2023:
Report Offering:
The study delves into the factors affecting Polyethylene 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/polyethylene-glycol-pricing-report/requestsample
Polyethylene Glycol Price Trend- Q4 2023
The polyethylene glycol (PEG) market is being driven by its versatile applications across various industries, particularly in pharmaceuticals, personal care, and industrial sectors. In the pharmaceutical industry, PEG is widely used as a solvent, binder, and drug delivery agent, benefiting from the increasing demand for advanced drug formulations and biopharmaceuticals. The personal care industry leverages PEG for its moisturizing and emulsifying properties, making it a key ingredient in products such as skin creams, lotions, and shampoos, which is further contributing to the market growth. Additionally, the expanding food and beverage (F&B) sector utilizes PEG as a food additive and processing aid, aligning with the growing demand for processed and convenience foods.
Polyethylene Glycol Industry Analysis
In Q4 2023, polyethylene glycol prices in North America decreased as demand was low from domestic industries, particularly personal care, as winter reduced procurement activities. Improved ethylene availability and reduced naphtha and crude oil prices decreased production costs. Despite increased supply owing to resumed refinery operations and improved shipping conditions, sluggish orders from personal care manufacturers and reduced trading activities continued to drive down PEG prices by the end of the quarter.
Moreover, in the APAC region, the market fell due to weak demand. However, demand from ink manufacturers was sluggish, and overall procurement activities were low due to a declining trend in end products. Furthermore, Europe showed a bearish trend. Early in the quarter, prices dropped due to reduced demand for PEG 200 for fruit coatings amid higher horticulture yields and lower food prices. Mid-quarter, orders from personal care manufacturers fell due to reduced buying and procurement activities. Reduced ethylene offtakes from glycol industries decreased production costs for PEG. Along with this, the declining Eurozone manufacturing Purchasing Manager's Index indicated lower consumption rates from end-user industries. By quarter's end, the economic slowdown kept inquiries low, while increased ethylene inventories and sluggish demand from ointment and cream manufacturers further pressured PEG prices.
Besides this, the Middle East saw a decline owing to excessive supply and lower consumption rates, both domestically and internationally which drove prices down. Demand for PEG 200 for fruit coatings decreased due to increased horticulture yields and lower food prices. Reduced cost support from ethylene followed easing supply chain disruptions amid regional conflicts. Mid-quarter, rising tensions between Palestine and Israel and reduced buying activities led to uncertain market conditions and declining production and supply rates.
Regional Price Analysis:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
About Us:
IMARC is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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IMARC Group
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