Propylene Glycol Prices, Chart, News, Supply & Demand, Forecast | IMARC Group

 

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 December 2023:

• United States: 1520 USD/MT (Industrial Grade)
• 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- Q4 2023

The propylene glycol (PG) industry is driven by its widespread use as a versatile solvent and additive in various sectors, including pharmaceuticals, food and beverages (F&B), cosmetics, and industrial applications. In line with this, in the pharmaceutical industry, PG’s role as a solvent and stabilizer for medications enhances its demand. The F&B industry utilizes it as a food additive for flavoring and preservation, contributing to market growth. Additionally, the growing demand for personal care products, such as moisturizers and anti-aging creams, is impelling PG consumption. Besides this, regulatory factors also impact the market; PG’s classification as a generally recognized safe (GRAS) substance by the Food and Drug Administration (FDA) and other health authorities ensures its continued use in food and pharmaceuticals.

Propylene Glycol Industry Analysis

In Q4 2023, North American PG prices fell due to weak demand and surplus supply. Subdued market demand in the US, influenced by high inflation, elevated interest rates, and geopolitical uncertainties, led to a bearish trend. The market saw moderate to high supply levels, with participants focusing on destocking old inventories. The slowdown in inflation, along with decreased gasoline and energy costs, reduced business, and shipping expenses. Moreover, lower propylene oxide prices, driven by decreased downstream inquiries, further contributed to the overall decline in PG prices.

Along with this, the APAC market faced challenges with declining prices due to weak domestic demand and reduced major export orders. Increasing production in China and Singapore, coupled with decreased exports, led to a moderate to high supply. In South Korea, prices fell significantly in December due to abundant domestic supply and a slowdown in industry demand. Disruptions in global supply chains, particularly from Red Sea tensions, further impacted exports and contributed to inventory accumulation.

Furthermore, the European PG market experienced price fluctuations influenced by the inflation moderation in the Netherlands initially boosted consumer confidence and prices, subsequent weak demand from both domestic and international markets led to a price decline. In addition to this, adequate supply levels further contributed to the downward trend. The Netherlands also saw notable price reductions throughout the quarter, reflecting these broader market conditions. Despite an early boost, prices overall decreased due to continued weak demand and sufficient supply. The latest market conditions in Europe indicated ongoing challenges for the PG sector.

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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