The latest report by IMARC Group, titled “Glycol Ether Pricing Report 2024: Price Trend, Chart, Industry Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of the Glycol Ether Prices. This report delves into the Price of Glycol Ether globally, presenting a detailed analysis, along with an informative Price Chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to provide context and depth to the current pricing landscape. The report also explores the Demand, analyzing how it impacts industry dynamics. To aid in strategic planning, the price forecast section provides insights into price forecasting, making this Glycol Ether Prices report an invaluable resource for industry stakeholders.
Glycol Ether Prices End of The Last Quarter:
- Germany: 1297 USD/MT
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The study delves into the factors affecting glycol ether 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 industry, equipping stakeholders with the latest information on industry fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Key Details About the Glycol Ether Price Trend
Glycol ethers are a group of solvents based on alkyl ethers of ethylene glycol or propylene glycol. Widely used for their strong solvency, low volatility, and compatibility with water and organic solvents, glycol ethers are integral in various industrial applications, including paints and coatings, cleaning agents, and personal care products. The global glycol ether market is primarily driven by increasing demand from the paints and coatings industry, as glycol ethers enhance drying time and improve application smoothness. Additionally, the rising use of glycol ethers in the production of personal care and cleaning products is bolstering market growth, owing to their effective solvency and low toxicity properties. Technological advancements in formulation and production processes are also contributing to the market's expansion, enabling higher-quality, environmentally friendly products that comply with stringent regulatory standards. Market trends indicate a growing preference for eco-friendly and bio-based glycol ethers, driven by heightened environmental awareness and regulations promoting sustainable practices.
Factors Influencing Glycol Ether Price Analysis
In North America
During the end of the last quarter, glycol ether prices in North America fluctuated due to various factors. Initial demand was low as personal care industries operated moderately and reduced procurement with winter approaching. Mid-quarter, dry conditions from El Nina lowered Panama Canal water levels, decreasing cargo rates, while a drop in the U.S. manufacturing sector's PMI signaled reduced demand. Later, improved ethylene supply and reduced upstream costs further pressured prices, although end-quarter demand remained sluggish amid improved shipping conditions.
In the Asia-Pacific region
At the end of the last quarter, glycol ether prices in the APAC region declined due to weak demand. Initially stable due to balanced supply-demand dynamics, prices were later impacted by the shutdown of Yelchin NCC Co. Ltd Unit 3 in South Korea, reducing feedstock availability. Sluggish demand from ink manufacturers and low procurement from end-user industries further pressured prices. Additionally, decreased costs from upstream Ethylene, Naphtha, and Crude Oil contributed to lower production costs, while rising inventories reflected weak demand from cleaning agents and personal care manufacturers.
In Europe
At the end of the last quarter, the European glycol ether market experienced fluctuations similar to North America. Initially, prices increased due to volatile ethylene oxide feedstock prices and a maintenance shutdown at Sasol's Marl facility. Mid-quarter, demand declined from cleaning agent and personal care manufacturers, reducing feedstock ethylene offtakes and production costs. Additionally, the falling Eurozone manufacturing PMI indicated lower consumption rates. By quarter-end, economic slowdown and high ethylene inventories led to decreased market inquiries and feedstock prices.
Overall, Price Trend and Regional Prices 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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