Glycol Ether Price Trend

Glycol Ether Prices December 2023

In the final quarter of 2023, glycol ether prices in the European region initially increased due to disruptions in production linked to volatile feedstock Ethylene Oxide prices and maintenance at Sasol's facility. Mid-quarter, prices fell as demand from cleaning agent and personal care product manufacturers declined, coupled with reduced Ethylene offtakes from downstream industries. The price of glycol ether in Germany fell to 1297 USD/MT due to decreased Ethylene demand from downstream Glycol industries, reducing Ethylene's cost support and adversely affecting Glycol Ether production costs. Towards the quarter's end, prices remained low amid a broader economic slowdown and growing feedstock inventories.

Glycol Ether Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Glycol Ether Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of glycol ether 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 glycol ether at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of glycol ether price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing glycol ether 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.

Glycol Ether Market Analysis

The global glycol ether market size reached 0.9 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 1.3 Million Tons, at a projected CAGR of 4.50% during 2023-2032.

• Augmenting demand from the paint and coatings industry, where glycol ether is used to improve coatings' spreadability and dry time, enhancing the product's application and aesthetic qualities.
• The shift towards more environmentally friendly and safer chemical products has driven the development and adoption of bio-based and low-VOC glycol ethers, catering to the growing consumer and regulatory insistence on sustainable practices.
• The increasing use of glycol ethers in the automotive and electronics industries for cleaning and degreasing, driven by the expansion of these sectors globally.
• Continual advancements in technology and formulation techniques have enabled the development of specialized glycol ether products tailored for specific applications, which enhances its attractiveness across various user industries.
• Global industrial growth, particularly in emerging markets, where manufacturing activities are increasing, also contributes to the rising demand for glycol ethers.
• The pharmaceutical industry's expansion significantly impacts the market as glycol ethers are increasingly used as solvent carriers in various drug formulations, enhancing the effectiveness and stability of pharmaceutical products.
• The ongoing research and development aimed at improving the efficiency and reducing the environmental impact of glycol ethers is creating more advanced products that meet the specific needs of end-users.
• In the printing industry, glycol ethers are crucial for producing high-quality printing inks, especially in applications requiring rapid drying and good adhesion.
• The personal care industry is innovating rapidly to deliver products that meet consumer demands for safety, efficacy, and sustainability.
• Glycol ethers are used in these formulations to enhance the solubility of active ingredients and improve product texture and performance, tapping into the growing market for premium personal care products.
• The ongoing global trend of urbanization and a shift towards more modern lifestyles result in higher standards for cleanliness and hygiene in both residential and commercial spaces.
• Glycol ethers are used as solvents in the production of fragrances and flavors due to their ability to dissolve a wide range of aroma chemicals and essential oils.

Glycol Ether News

The report covers the latest developments, updates, and trends impacting the global glycol ether 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 glycol ether production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the glycol ether price trend.

Latest developments in the glycol ether industry:

• On September 20, 2023, BASF secured long-term access to QIRA bio-based 1,4-butanediol (BDO) from Qore LLC, a Cargill and HELM AG joint venture, to be produced at Cargill’s Eddyville, Iowa campus; they will offer bio-based derivatives like PolyTHF and THF, with the first commercial quantities available in Q1 2025.
• On May 17, 2024, Dow received six 2024 SEAL Business Sustainability Awards, highlighting its dedication to sustainability and environmental innovation. This recognition from The SEAL Awards highlights Dow's efforts in environmental stewardship.
• On March 25, 2024, Eastman's second U.S. molecular recycling project has been chosen by the Department of Energy to negotiate up to $375 million in funding from the Bipartisan Infrastructure Law and Inflation Reduction Act under the Industrial Demonstrations Program.

Product Description

Glycol ethers are a type of solvent that are based on alkyl ethers of ethylene glycol or propylene glycol the solvents in question exhibit very good solvency properties and are capable of dissolving both water-soluble substances and substances that dissolve in most organic solvents. Normally, they are synthesized by reacting alcohols with ethylene or propylene oxide with the help of a catalyst. An overview of glycol ethers is as follows: Thus, glycol ether is a thoroughly effective and multifaceted solvent. People demanded them as constituents of paints, coatings, and other products from the pharmaceutical industries, due to their flexibility to mix with other chemicals and make products more stable.

The advantages of glycol ethers comprise of the following: they are low toxic, have fairly high boiling points, and most of them are good solvents for use with resins, inks, and dyes. Also due to their chemical characteristics, they are used in preparing cleaners, brake fluids as well as cosmetics where they prove to be efficient coupling agents between different chemical substances.

Regional Coverage

The report provides a detailed analysis of the glycol ether 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 glycol ether price trend.

Global Glycol Ether Price

The report offers a holistic view of the global glycol ether pricing trends in the form of glycol ether 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 current price of glycol ether but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into 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 glycol ether 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 Glycol Ether Price

In Q4 2023, the European glycol ether market faced volatility. Initially, prices rose due to a production slowdown from volatile Ethylene Oxide prices and Sasol's maintenance shutdown at its Marl facility. Demand from cleaning and personal care sectors dropped mid-quarter amid reduced buying, and decreased Ethylene use from glycol industries lowered production cost support. Additionally, a declining Eurozone manufacturing PMI signaled reduced consumption by end-users.

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

North America Glycol Ether Price

In North America during Q4 2023, the glycol ether market experienced mixed dynamics. Early in the quarter, demand was low due to moderate activity in the personal care industry and decreased procurement as winter approached. Mid-quarter, dry conditions from the El Nina effect lowered Panama Canal water levels, reducing cargo rates and coinciding with a contraction in manufacturing activities as indicated by a drop in the USA's Purchasing Manager's Index, leading to diminished demand for cleaning agents and floor polishes. However, glycol ether production costs decreased due to improved upstream Ethylene availability following lower Naphtha and Crude Oil prices and resumed refinery operations with increased capacity. Toward the quarter's end, while supply rates improved with increased water levels and shipping activities due to heavy rainfall, persistent low demand from the personal care sector and reduced trading kept glycol ether prices down.

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

Middle East and Africa Glycol Ether Price

The report explores the glycol ether pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

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

Asia Pacific Glycol Ether Price

In the APAC region during the second half of Q4 2023, glycol ether prices fell due to weak demand. Initially, prices were stable with moderate demand-supply dynamics, despite a plant shutdown at Yeochun NCC Co. Ltd Unit 3 in South Korea that limited feedstock availability and pressured production rates. Demand remained low from ink manufacturers and overall procurement activities were subdued due to declining regional market trends for end products. Mid-quarter, decreased Ethylene offtakes from glycol industries increased Ethylene availability and reduced production costs for glycol ether. Additionally, drops in upstream Naphtha and Crude Oil prices further lowered production expenses. By quarter's end, rising inventory levels from decreased demand for cleaning agents and personal care products further stressed the market, leading to an increase in inventory levels across the domestic market.

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

Latin America Glycol Ether Price

The analysis of glycol ether 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.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of glycol ether 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 glycol ether 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 glycol ether price charts ensure our clients remain at the forefront of the industry.