Butyl Glycol Prices

Butyl Glycol Prices June 2024

The butyl glycol prices in the Saudi Arabia for Q2 2024 reached 1440 USD/MT in June. The region saw substantial price drops, driven by seasonal fluctuations and high inventory. In addition to this, lower crude oil prices eased feedstock costs, but oversupply and reduced demand in end-use industries like paints and coatings, kept prices under pressure throughout the quarter.

The price trend for butyl glycol in South Korea for Q2 2024 settled at 1545 USD/MT in June. The market faced a price downturn in this quarter due to oversupply and a seasonal dip in demand, especially in construction-related coatings. Moreover, high inventory and plant shutdowns further amplified market volatility, leading to steady price declines by quarter’s end.

In Germany, the butyl glycol prices in the Q2 2024 reached 1535 USD/MT in June. The market recorded notable drop in prices throughout this quarter, driven by subdued demand and excess inventory. Along with this, the seasonal summer demand dip accentuated the trend, creating a sharp downturn as the quarter progressed, with weak trade activity intensifying market pressures.

Butyl Glycol Prices December 2023

The butyl glycol prices in Malaysia for Q4 2023 reached 1055 USD/MT in December due to tight supply and strong cost support from downstream industries. The domestic market saw increased trading activity, driven by higher purchasing volumes and rising production costs among key producers, reflecting a robust demand environment in the paint and coating sector.

The price trend for butyl glycol in Germany for Q4 2023, reached 1245 USD/MT in December due to low demand and weak trading. Adequate supply levels and decreased downstream consumption contributed to pessimistic market sentiment, as downstream industries, particularly paints and coatings, maintained precise order.

Regional Coverage

The report provides a detailed analysis of the butyl glycol market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the butyl glycol price trend.

Global Butyl Glycol Price

The report offers a holistic view of the global butyl glycol pricing trends in the form of butyl glycol price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into butyl glycol historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into butyl glycol price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed butyl glycol demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Butyl Glycol Price

Q2 2024:

In Q2 2024, Europe’s market for butyl glycol witnessed a major price drop, due to low product consumption and excess supply. This downturn was shaped by high levels of stockpiles, subdued trade performance, and falling manufacturing costs due to cheaper n-Butanol feedstock. In Germany, sluggish demand owing to seasonal weather changes led to a marked price reduction, with prices steadily dropping over the quarter. Although geopolitical uncertainties and feedstock price fluctuations added to market unpredictability, they had a relatively minor effect. Moreover, the market’s sustained decline underscored the challenges faced by Europe’s product market, despite steady production.

Q4 2023:

The European butyl glycol market exhibited a sluggish trend throughout Q4 2023, with prices remaining low due to slow trade and little demand. Costs in Germany remained low due to enough supply and lower downstream usage. The market also experienced a fall in ethylene oxide costs due to weak fundamentals, but n-butanol prices rose marginally due to limited solvent sector consumption. Overall, the European market remained sluggish, with demand perceived as fragile. Although some fluctuations occurred, the market continued to contract, reflecting low product consumption by downstream industries, particularly in paint and coating projects.

This analysis can be extended to include detailed butyl glycol price information for a comprehensive list of countries.

North America Butyl Glycol Price

Q2 2024:

During Q2 2024, the North American prices for butyl glycol showed an upward trend, largely impacted by higher ethylene oxide prices, which is an essential secondary raw material. This cost increase for ethylene oxide countered the effect of a decrease in n-Butanol prices, a major raw material. Moreover, The U.S. product market saw pressures from upstream supply disruptions tied to maintenance at manufacturing sites, while consumption from sectors like monoethylene glycol remained steady. However, a slowdown in the construction activities related paints and coatings market and increased rates of borrowing placed downward pressure on butyl glycol prices, highlighting a mixed but largely upward price movement.

Q4 2023:

In Q4 2023, the North American butyl glycol market faced a downturn. This decline was largely due to decreased demand from heating and transportation sectors. Suppliers, contending with the market's reduced activity, kept prices steady while providing discounts on large orders. Meanwhile, a downward trend in upstream costs helped reduce production expenses. Buyers were advised to keep an eye on market trends to ensure adequate supply. Production rates were scaled back in response to subdued demand, and trading was slow due to excessive inventory, leading to a generally bearish market atmosphere.

Specific butyl glycol historical data within the United States and Canada can also be provided.

Middle East and Africa Butyl Glycol Price

Q2 2024:

The Middle East and Africa's (MEA) butyl glycol prices witnessed a declining trend in Q2 2024, impacted by lower demand and inventory buildup, especially in coatings and paints. Moreover, production remained stable as activities in the manufacturing sectors were consistent, buoyed by a continued supply of the raw material ethylene oxide. Saudi Arabia saw sharp price declines due to seasonal fluctuations and an oversupplied market. While crude oil price reductions lowered feedstock costs, high stock levels continued to weigh on prices. Despite a challenging environment with minimal shutdowns, the market faced considerable downward pressure, especially during the initial months of the quarter.

Q4 2023:

In the final quarter of 2023, the MEA market for butyl alcohol fell amid low demand and limited purchasing activities. Exporters reduced their offers, and many buyers avoided transactions due to a lack of competitiveness. Despite some efforts to negotiate new prices, October saw slow trading due to abundant supply and high stock levels. The market continued to show a downward trend, with high inventory levels along the coast and weak demand contributing to declining trading activities.

In addition to region-wise data, information on butyl glycol prices for countries can also be provided.

Asia Pacific Butyl Glycol Price

Q2 2024:

The Asia Pacific butyl glycol prices saw a decline in Q2 2024, primarily due to an oversupply that far surpassed demand, particularly in sectors like coating and personal care. Moreover, lower production rates from decreased n-butanol and ethylene oxide prices contributed to the decreasing trend. In South Korea, seasonal downturns in activities related to construction impacted demand, leading to a clear drop in prices. Additionally, shutdowns at manufacturing plants interrupted supply chains, intensifying volatility. Besides this, high stockpile and slow buying behavior maintained the oversupply, reinforcing a steady price decline throughout the quarter, with notable softness in pricing by the period’s end.

Q4 2023:

During Q4 2023, butyl glycol prices in the Asia Pacific region experienced a rise, driven by a stronger market and improved downstream demand, particularly from the paint and coating sectors. Producers adopted a firmer pricing stance, influenced by robust end-user demand and rising buying activity. The product’s price remained elevated due to the consistent utilization of inventories by final users and sustained assistance from upstream markets like n-butanol and ethylene oxide. In Malaysia, prices surged due to low supply and increased production costs among major producers, further fueled by strong downstream demand. The market witnessed heightened trading activity as purchasing volumes increased.

This butyl glycol price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Butyl Glycol Price

The analysis of butyl glycol prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Butyl Glycol Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Butyl Glycol Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of butyl glycol pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of butyl glycol at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of butyl glycol price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing butyl glycol price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Butyl Glycol Market Analysis

The global butyl glycol market size reached US$ 881.5 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 1321.3 Million, at a projected CAGR of 4.60% during 2023-2032.

• The increasing utilization of butyl glycol in the production of paints is impelling the growth of the market. Butyl glycol is renowned as a low volatile solvent and helps to extend the drying duration of coatings and improve the flow for easy and smooth application. Moreover, it is used as a coalescent agent in industrial water-borne coatings and as a coupling agent in architectural water-borne coatings. Additionally, there is an increase in home renovation and remodeling activities among the masses, which is driving the demand for various vibrant paints. On the basis of the information provided by the Joint Center for Housing Centers of Harvard University (JCHS), home improvement project spending saw an increment from USD328 billion in 2019 to USD472 billion in 2022, with an estimated 2024 spending of USD485 billion. This will further encourage manufacturers to make enhanced paint formulations to fulfill the market demand.
• The rising employment of butyl glycol as a coupling agent in various household and industrial disinfectants and cleaners is propelling the market growth. People are becoming highly aware about the harmful impacts of pathogen on health conditions and actively seeking products that kill pathogens and stop the spread of infectious disease. According to the World Health Organization (WHO), communicable diseases like tuberculosis (TB), malaria, viral hepatitis, sexually transmitted infections (STIs), and neglected tropical diseases (NTDs) are some of the leading causes of death and disability in low-income nations and marginalized populations.
• The growing adoption of butyl glycol in the production of agricultural pesticides is supporting the market growth. Pesticides are crucial for retaining the yield of crops and protect them from the lethal effects of pest attacks. Moreover, the increasing occurrence of pest complications in the agricultural sector due to climate change is driving the demand for effective pesticide formulations. According to the National Institute of Food and Agriculture, United States Department of Agriculture (USDA), every year around 20% to 40% of crop production is lost to pests.

Butyl Glycol News

The report covers the latest developments, updates, and trends impacting the global butyl glycol market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in butyl glycol production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the butyl glycol price trend.

Latest developments in the butyl glycol industry:

• September 2021: Ineos launched its Propylene Glycol n-Butyl Ethers to strengthen its commitment to customers in industrial coatings and home care sectors.
• March 2021: Clariant and India Glycols Limited (IGL) announced A strategic partnership to establish a 51-49% joint venture in renewable ethylene oxide derivatives.

Product Description

Butyl glycol refers to a clear, colorless liquid chemical compound with an oily consistency. It has a unique and sweet fragrance and is miscible with water and other common organic solvents. It is manufactured via ethoxylation, where ethylene oxide reacts with a certain alcohol like normal butanol along with a catalyst. It should be stored in a cool, dark area away from food products and various types of oxidants. It should be handled with care and while wearing personal protection equipment (PPE).

It is often utilized as a starting material in the production of various types of plasticizers via the reaction of phthalic anhydride. It is also a crucial component in the production of butyl glycol acetate, which is an excellent solvent. It is widely employed in the production of pesticides and herbicides. It is also included in lacquers, varnishes, varnish removers, and paints.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of butyl glycol pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting butyl glycol price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The butyl glycol price charts ensure our clients remain at the forefront of the industry.