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Written by Beckett » Updated on: October 28th, 2024
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:
Report Offering:
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 rising awareness among the masses about propylene glycol's multifunctional properties, including its role as a solvent, emulsifier, and humectant, is spurring its application in food preservation and formulation of pharmaceuticals. Additionally, the growth of the pharmaceutical industry, particularly in developing regions, is contributing significantly to the market expansion. The rising trend towards natural and organic products is also influencing the demand, as manufacturers are seeking to replace petroleum-based chemicals with bio-based alternatives.
Furthermore, advancements in production technologies are improving efficiency and reduced costs, enhancing the competitive landscape. Environmental regulations promoting the use of non-toxic and biodegradable substances is further bolstering the market growth, as propylene glycol meets these criteria, making it a preferred choice across various applications.
Propylene Glycol Industry Analysis
In North America, propylene glycol prices experienced a bearish trend in the fourth quarter of 2023, primarily due to the weak demand and surplus supply. Escalating inflation, elevated interest rates, and geopolitical uncertainties subdued market demand, leading to a moderate to high supply. Additionally, the destocking of old inventories by market participants, coupled with a decline in prices of propylene oxide, a key raw material, contributed to the overall bearish sentiment. The decrease in gasoline and energy prices further reduced business and shipping costs, intensifying the downward price trend.
The propylene glycol market in the APAC region faced significant challenges during the fourth quarter of 2023, characterized by the weak domestic demand and a lack of major export orders. Moderate to high supply levels, particularly in China and Singapore, were due to increased production and reduced exports, leading to a decline in prices. In South Korea, prices fell significantly, reflecting the weak demand across various industries and disruptions in the global supply chain caused by geopolitical tensions. This resulted in inventory accumulation, exacerbating the downward price trajectory in the region.
In Europe, the propylene glycol market experienced a complex interplay of factors in the fourth quarter of 2023. Initially, there was a positive impact from moderated inflation in the Netherlands, which boosted consumer confidence and temporarily supported price increases. However, this was short-lived, as weak demand from both domestic and international markets emerged, leading to price declines. Adequate supply availability further compounded the situation, resulting in a consistent downward trend in prices. The Netherlands saw significant price changes, ultimately reflecting the ongoing challenges of weak demand and sufficient supply in the European market.
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 Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact us:
IMARC Group
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Email: [email protected]
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