Propylene Glycol Pricing, Prices, Price, News | ChemAnalyst

1
Propylene Glycol Prices Overview
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Market Overview Quarterly Update on Global
Propylene Glycol Market Asia-Pacific
(APAC)   The supply of Propylene Glycol remained
short in Q4 2020 due to turnarounds at the
upstream Propylene Oxide facilities which trimmed
its accessibility, thereby hampering the
production of both Mono-Propylene Glycol and
Di-Propylene Glycol. Squeezed supply of the
industrial grade Propylene Glycol from China,
resulted in regional shortfall of the product.
The quarterly demand from the anti-freeze sector
remained well supported from the Aviation
Industry as the region experienced chilly
winters. In the Indian market, the Propylene
Glycol prices witnessed slight decrement in the
first half of Q4, then constant increment
throughout the quarter maintained an average
price USD 1275/MT and is estimated to rise in
upcoming months. Get more info
https//www.chemanalyst.com/Pricing-data/propylene
-glycol-1095
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Propylene Glycol Prices Overview
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Europe   The European Propylene Glycol market
faced tightness in Q4 mainly because of reported
shortage of the feedstock Propylene Oxide as its
volumes were heard getting diverted towards the
polyols production. Sudden spike in the product
prices across the Asian markets and seasonal
hurricanes in the US surged trade enquiries from
the European region. Demand for Di-Propylene
Glycol from the fragrance sector remained healthy
and the pharmaceuticals sector witnessed an
enormous spike for combating the spreading of the
COVID-19 virus. Demand for Mono-Propylene Glycol
from the anti-freeze sector surged during winters
despite grappling to combat uncertainties due to
the second lockdown imposed across Europe because
of new COVID variant. This led to panic regarding
securities of supply despite appreciable demand
outlook.        North America   During the first
half of Q4, Propylene Glycol demand tightened due
to moderate weather conditions throughout the US
and travel restrictions due to surging COVID-19
cases. Early in Q4, supply in the US Gulf region
was impacted by the production issues reported at
the manufacturing facilities. In October,
LyondellBasell declared force majeure at its
upstream Propylene Oxide facility in Pasadena
(Texas) which significantly impacted the
production of Propylene Glycol and other
downstream products in the region. Some
facilities which were damaged by Hurricane
Laura in late August were heard getting repaired
by the mid of Q4, thereby soothing of product
supply late in the quarter. By the end of Q4,
major players observed considerable improvement
in the demand from the antifreeze sector due to
winter season. However, demand remained pressured
compared to the previous year.        
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Propylene Glycol Prices Overview
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• How we can help
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• Methodology
• ChemAnalyst gathers information through primary
  research surveys conducted with various Propylene
  Glycol manufacturers, spread across the domestic
  and international market, suppliers, and
  dealers/distributors to gain insights
  into value-chains and demand-supply scenario to
  assess the market situation. Thorough study of
  companys annual reports and secondary sources
  such as exhaustive search on credible paid
  databases, including our internal database is
  done to verify the information. All the collected
  information is analyzed, evaluated, and presented
  in chronological order to depict a meaningful and
  clear picture of the concerned market.
•  
• Our dedicated team of industry experts
  comprehensively monitors and analyzes various
  aspects of the Global Propylene Glycol market.
  The team analyzes various industrial segments,
  strategic viewpoints and provides an analysis of
  the industrys performance in the long run. This
  would enable our clients in efficiently plan
  their future investments, mitigate risk,
  understand the cost dynamics and strike out a
  balance amidst market volatility.
•  
• Critical examination of the impact of COVID-19
  pandemic on the global supply chains and shift in
  demand patterns with change in buying behavior of
  consumers across the globe.
•  

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Propylene Glycol Prices Overview
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• Several ongoing development projects across
  industries are tracked, followed by the details
  of major projects in the development stage, which
  can positively or negatively influence Global
  Propylene Glycol market.
•  
• Pricing is captured through exhaustive primary
  interviews with domestic and international
  manufacturers, suppliers, traders and importers
  and customers on weekly, monthly, and yearly
  basis.
•  
• Finally, region-specific markets for Propylene
  Glycol are analyzed and region-wise demand
  pattern is tracked.
• About
• Propylene Glycol is a viscous, colorless,
  odorless synthetic liquid substance having
  molecular formula C3H8O2. Its less volatility and
  miscibility in a broad range of solvents, such as
  water, acetone, chloroform etc. makes Propylene
  Glycol an important petrochemical product with
  vast range of applications in polymer and food
  Industries, as an antifreeze, pharmaceuticals
  etc. Industrially, Propylene Glycol is mainly
  produced from Propylene Oxide using
  non-catalytic, high-temperature process (200deg
  Celsius 220 deg. Celsius) and catalytic method
  (150 deg. Celsius 180 deg Celsius) in the
  presence of ion-exchange resin. Small amounts of
  20 Propylene Glycol, 1.5 of di-Propylene Glycol
  and polypropylene Glycols (PPG) are also
  generated by-products. Propylene Glycol is
  majorly available in the industrial (PGI) and
  U.S. Pharmacopeia grade (USP).