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Mono Propylene Glycol Prices, Chart, News, Index and Forecast

10-14-2024 10:47 AM CET | Chemicals & Materials

Press release from: IMARC Group

Mono Propylene Glycol Prices

Mono Propylene Glycol Prices

๐— ๐—ผ๐—ป๐—ผ ๐—ฃ๐—ฟ๐—ผ๐—ฝ๐˜†๐—น๐—ฒ๐—ป๐—ฒ ๐—š๐—น๐˜†๐—ฐ๐—ผ๐—น (๐— ๐—ฃ๐—š) ๐—ฃ๐—ฟ๐—ถ๐—ฐ๐—ฒ ๐—ถ๐—ป ๐—จ๐—ฆ๐—”

โ€ข ๐—จ๐—ป๐—ถ๐˜๐—ฒ๐—ฑ ๐—ฆ๐˜๐—ฎ๐˜๐—ฒ๐˜€: 3272 USD/MT

The price of mono propylene glycol (MPG) in the USA reached 3272 USD/MT in June 2023.

The latest IMARC Group report, "๐— ๐—ผ๐—ป๐—ผ ๐—ฃ๐—ฟ๐—ผ๐—ฝ๐˜†๐—น๐—ฒ๐—ป๐—ฒ ๐—š๐—น๐˜†๐—ฐ๐—ผ๐—น (๐— ๐—ฃ๐—š) ๐—ฃ๐—ฟ๐—ถ๐—ฐ๐—ถ๐—ป๐—ด ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฐโ€‹: ๐—ฃ๐—ฟ๐—ถ๐—ฐ๐—ฒ ๐—ง๐—ฟ๐—ฒ๐—ป๐—ฑ, ๐—–๐—ต๐—ฎ๐—ฟ๐˜, ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—”๐—ป๐—ฎ๐—น๐˜†๐˜€๐—ถ๐˜€, ๐—ก๐—ฒ๐˜„๐˜€, ๐——๐—ฒ๐—บ๐—ฎ๐—ป๐—ฑ, ๐—›๐—ถ๐˜€๐˜๐—ผ๐—ฟ๐—ถ๐—ฐ๐—ฎ๐—น ๐—ฎ๐—ป๐—ฑ ๐—™๐—ผ๐—ฟ๐—ฒ๐—ฐ๐—ฎ๐˜€๐˜ ๐——๐—ฎ๐˜๐—ฎ," presents a detailed analysis of mono propylene glycol price trends, offering key insights into global market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market. The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines mono propylene glycol demand, illustrating how consumer behavior and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.

For strategic planning, the report provides price forecasts, allowing businesses to anticipate price shifts and make informed decisions about procurement and investment. The forecast draws on historical data, market trends, and key economic indicators, ensuring a reliable outlook for stakeholders. Additionally, the inclusion of the price index offers a broader view of market performance over time, providing a valuable benchmark for evaluating market trends. With these insights, the report equips industry stakeholders with the tools needed to navigate the complex global market and optimize their strategies in response to evolving conditions.

๐— ๐—ผ๐—ป๐—ผ ๐—ฃ๐—ฟ๐—ผ๐—ฝ๐˜†๐—น๐—ฒ๐—ป๐—ฒ ๐—š๐—น๐˜†๐—ฐ๐—ผ๐—น (๐— ๐—ฃ๐—š) ๐—ฃ๐—ฟ๐—ถ๐—ฐ๐—ฒ๐˜€ ๐—”๐—ป๐—ฎ๐—น๐˜†๐˜€๐—ถ๐˜€:

โ€ข ๐—–๐—ต๐—ถ๐—ป๐—ฎ: 175751 USD/MT
โ€ข ๐—š๐—ฒ๐—ฟ๐—บ๐—ฎ๐—ป๐˜†: 3255 USD/MT

๐—ฅ๐—ฒ๐—พ๐˜‚๐—ฒ๐˜€๐˜ ๐—™๐—ผ๐—ฟ ๐—ฎ ๐—ฆ๐—ฎ๐—บ๐—ฝ๐—น๐—ฒ ๐—–๐—ผ๐—ฝ๐˜† ๐—ผ๐—ณ ๐˜๐—ต๐—ฒ ๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜: https://www.imarcgroup.com/mono-propylene-glycol-pricing-report/requestsample

๐—ฅ๐—ฒ๐—ฝ๐—ผ๐—ฟ๐˜ ๐—ข๐—ณ๐—ณ๐—ฒ๐—ฟ๐—ถ๐—ป๐—ด:

โ€ข ๐— ๐—ผ๐—ป๐˜๐—ต๐—น๐˜† ๐—จ๐—ฝ๐—ฑ๐—ฎ๐˜๐—ฒ๐˜€: Annual Subscription
โ€ข ๐—ค๐˜‚๐—ฎ๐—ฟ๐˜๐—ฒ๐—ฟ๐—น๐˜† ๐—จ๐—ฝ๐—ฑ๐—ฎ๐˜๐—ฒ๐˜€: Annual Subscription
โ€ข ๐—•๐—ถ๐—ฎ๐—ป๐—ป๐˜‚๐—ฎ๐—น๐—น๐˜† ๐—จ๐—ฝ๐—ฑ๐—ฎ๐˜๐—ฒ๐˜€: Annual Subscription

The study examines the key factors driving mono propylene glycol price variations, focusing on shifts in raw material costs, the balance between supply and demand, and the impact of geopolitical influences. It also considers sector-specific developments that play a critical role in shaping market prices. By analysing these elements, the report offers valuable insights into the underlying causes of price fluctuations, helping businesses and investors understand market behaviour more effectively.

In addition, the report provides the latest market updates, ensuring stakeholders are informed about recent fluctuations, regulatory changes, and technological advancements. This comprehensive resource equips decision-makers with the necessary tools to enhance their strategic planning and improve forecasting accuracy. Through this analysis, the report becomes an indispensable asset for anyone looking to navigate the complexities of the Mono Propylene Glycol market and optimize future strategies.

๐†๐ž๐ญ ๐…๐ฎ๐ฅ๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐ƒ๐ž๐ฌ๐œ๐ซ๐ข๐ฉ๐ญ๐ข๐จ๐ง ๐€๐ญ: https://www.imarcgroup.com/mono-propylene-glycol-pricing-report

๐— ๐—ผ๐—ป๐—ผ ๐—ฃ๐—ฟ๐—ผ๐—ฝ๐˜†๐—น๐—ฒ๐—ป๐—ฒ ๐—š๐—น๐˜†๐—ฐ๐—ผ๐—น (๐— ๐—ฃ๐—š) ๐—ฃ๐—ฟ๐—ถ๐—ฐ๐—ฒ ๐—ง๐—ฟ๐—ฒ๐—ป๐—ฑ

The mono propylene glycol (MPG) market is primarily driven by its diverse applications across multiple industries, including pharmaceuticals, food and beverage, cosmetics, and industrial manufacturing. In the pharmaceutical and personal care sectors, MPG serves as an essential solvent and emulsifier in formulations, which has spurred demand due to rising consumer spending on healthcare and cosmetic products.

Its role as a humectant in skincare products and as a carrier for active ingredients further supports market growth. In the food and beverage industry, MPG is widely used as a food additive and preservative, particularly in packaged and processed foods, where it helps maintain moisture and improve shelf life.

Additionally, its application as an antifreeze and de-icing agent in the automotive and aerospace sectors has seen increased demand, especially in regions with extreme climates. The push toward sustainable and bio-based chemicals is also influencing the market, with bio-based MPG gaining traction as an environmentally friendly alternative to petrochemical-derived versions. The continued expansion of these industries, coupled with rising consumer demand, is thereby driving the steady growth of the mono propylene glycol market.

๐— ๐—ผ๐—ป๐—ผ ๐—ฃ๐—ฟ๐—ผ๐—ฝ๐˜†๐—น๐—ฒ๐—ป๐—ฒ ๐—š๐—น๐˜†๐—ฐ๐—ผ๐—น (๐— ๐—ฃ๐—š) ๐—œ๐—ป๐—ฑ๐˜‚๐˜€๐˜๐—ฟ๐˜† ๐—”๐—ป๐—ฎ๐—น๐˜†๐˜€๐—ถ๐˜€

In Q2 2024, the mono propylene glycol market in North America experienced a notable downturn, driven by several converging factors. A primary contributor was the weakened end-user demand from key sectors such as pharmaceuticals, food, and industrial applications, which suppressed prices. The economic environment, shaped by policies aimed at controlling inflation through high interest rates, further dampened consumer purchasing power and overall market demand.

Additionally, abundant domestic supply, influenced by logistical challenges and geopolitical tensions, added downward pressure as international buyers exercised caution in placing new orders. The USA witnessed the most substantial price fluctuations, with seasonality effects, reduced consumer spending, and a marked decline in new product orders exacerbating the downward trend.

Similarly, mono propylene glycol prices faced a predominantly negative environment in the APAC region, driven by weak demand from end-user sectors, market oversupply, and global economic uncertainties. South Korea, in particular, experienced significant price declines due to softened domestic demand and international market caution.

In Europe, subdued demand across the food, pharmaceutical, and cosmetics industries, with rising inventory levels, led to price reductions. Whereas, Germany saw the most pronounced changes, with elevated energy costs and reduced demand for antifreeze products further influencing the bearish market trend.

๐—ฆ๐—ฝ๐—ฒ๐—ฎ๐—ธ ๐˜๐—ผ ๐—”๐—ป ๐—”๐—ป๐—ฎ๐—น๐˜†๐˜€๐˜: https://www.imarcgroup.com/request?type=report&id=22889&flag=C

๐—ฅ๐—ฒ๐—ด๐—ถ๐—ผ๐—ป๐—ฎ๐—น ๐—ฃ๐—ฟ๐—ถ๐—ฐ๐—ฒ ๐—”๐—ป๐—ฎ๐—น๐˜†๐˜€๐—ถ๐˜€:

โ€ข ๐—”๐˜€๐—ถ๐—ฎ ๐—ฃ๐—ฎ๐—ฐ๐—ถ๐—ณ๐—ถ๐—ฐ: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
โ€ข ๐—˜๐˜‚๐—ฟ๐—ผ๐—ฝ๐—ฒ: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece
โ€ข ๐—ก๐—ผ๐—ฟ๐˜๐—ต ๐—”๐—บ๐—ฒ๐—ฟ๐—ถ๐—ฐ๐—ฎ: United States and Canada
โ€ข ๐—Ÿ๐—ฎ๐˜๐—ถ๐—ป ๐—”๐—บ๐—ฒ๐—ฟ๐—ถ๐—ฐ๐—ฎ: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
โ€ข ๐— ๐—ถ๐—ฑ๐—ฑ๐—น๐—ฒ ๐—˜๐—ฎ๐˜€๐˜ & ๐—”๐—ณ๐—ฟ๐—ถ๐—ฐ๐—ฎ: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

๐—ก๐—ผ๐˜๐—ฒ: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

๐—–๐—ผ๐—ป๐˜๐—ฎ๐—ฐ๐˜ ๐˜‚๐˜€:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
๐—˜๐—บ๐—ฎ๐—ถ๐—น: sales@imarcgroup.com
๐—ง๐—ฒ๐—น ๐—ก๐—ผ: (D) +91 120 433 0800
๐—จ๐—ป๐—ถ๐˜๐—ฒ๐—ฑ ๐—ฆ๐˜๐—ฎ๐˜๐—ฒ๐˜€: +1-631-791-1145

๐—”๐—ฏ๐—ผ๐˜‚๐˜ ๐—จ๐˜€:
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.

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