Propylene Glycol Price Trend, Demand, Chart, Index and Historical Data
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 price trend. This report delves into the price of Propylene Glycol globally, presenting a detailed analysis, along with informative Propylene Glycol price chart. Through comprehensive Propylene Glycol 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 Propylene 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.
Propylene Glycol Prices December 2023:
- United States: 1520 USD/MT (Industrial Grade)
- South Korea: 1075 USD/MT (Industrial Grade)
- Netherlands: 1685 USD/MT (Industrial Grade)
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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.
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Propylene Glycol Price Trend- Q4 2023
Propylene Glycol (PG) is a versatile organic compound with the chemical formula C₃H₈O₂, widely used in various industrial and consumer applications. It is a colorless, odorless, and tasteless liquid known for its hygroscopic properties and ability to mix well with water, acetone, and chloroform. Propylene Glycol is primarily produced through the hydration of propylene oxide and finds extensive use as a solvent, humectant, and preservative. In the food and beverage industry, it acts as an additive to maintain moisture and preserve flavor. In the pharmaceutical sector, it serves as a carrier for medications and is a key ingredient in many cosmetic and personal care products due to its moisturizing properties. Additionally, Propylene Glycol is used in antifreeze and de-icing solutions, hydraulic fluids, and as a component in the production of plastics and resins, highlighting its broad industrial significance.
Propylene Glycol Market Analysis
The global propylene glycol market size reached US$ 4.3 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 6.1 Million, at a projected CAGR of 3.30% during 2023-2032. The Propylene Glycol market is driven by several factors that contribute to its robust growth and widespread adoption. One of the primary drivers is the increasing demand from the food and beverage industry, where Propylene Glycol is used extensively as a food additive and humectant, ensuring product stability, and extending shelf life. The pharmaceutical sector also significantly contributes to market growth, with Propylene Glycol being a crucial ingredient in various formulations due to its solvent properties and safety profile. Moreover, the expanding cosmetic and personal care industry leverages Propylene Glycol's moisturizing and emulsifying capabilities, further boosting its demand. The industrial sector's need for effective antifreeze and de-icing solutions, coupled with the growing automotive industry, drives the usage of Propylene Glycol in coolants and hydraulic fluids. Additionally, the market is influenced by the rising trend towards sustainable and eco-friendly products. Manufacturers are increasingly focusing on bio-based Propylene Glycol, derived from renewable sources, aligning with global sustainability goals and regulatory standards. This shift towards greener alternatives not only meets consumer preferences but also mitigates the environmental impact, supporting long-term market growth. These factors are collectively creating a positive outlook for the market further across the world.
Key Points Covered in the Propylene Glycol Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Propylene Glycol Prices
- Propylene Glycol Price Trend
- Propylene Glycol Demand & Supply
- Propylene Glycol Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Propylene Glycol Price Analysis
- Propylene Glycol Industry Drivers, Restraints, and Opportunities
- Propylene Glycol News and Recent developments
- Global Event Analysis
- List of Key Players
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
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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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