Polyether Polyol Price Trend

Polyether Polyol Prices December 2023

The polyether polyol prices in the United States for Q4 2023 reached 2125 USD/MT in December. The market experienced declining prices due to weak market fundamentals and increased competition from cheaper imports from Asia. Economic instability and consumer shifts toward more affordable options further pressured the domestic market, contributing to a downward trend in prices.

The price trend for polyether polyol in Japan for Q4 2023, reached 1281 USD/MT in December. The market saw fluctuating prices in the latter part of 2023 due to decreased demand from downstream sectors. Market dynamics were further affected by changing consumer preferences and reduced economic activity, which led to lower prices and a more competitive landscape.

The price trend for polyether polyol in Belgium for Q4 2023, reached 1875 USD/MT in December. The market encountered difficulties due to price instability brought on by rising inflation and decreased demand. Excess inventory dominated the market, which prompted providers to reduce output in response to the decline in demand, reflecting larger patterns throughout Europe.

Polyether Polyol Price Trend, Market Analysis, and News

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

The report examines the elements influencing polyether polyol 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.

Polyether Polyol Market Analysis

The global polyether polyol market size reached US$ 16.74 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 26.42 Billion, at a projected CAGR of 5.20% during 2023-2032.

• The growing construction industry is driving the demand for rigid polyurethane foams in insulation materials. These materials are valued for their superior thermal insulation properties, which enhance energy efficiency in buildings, thus boosting the market growth. According to the industry report, the industry needs to build 13,000 buildings each day between now and 2050 to support an expected population of 7 billion people living in cities. Global construction work done will grow over US $4.2 trillion over the next 15 years – from US $9.7 trillion in 2022 to US $13.9 trillion by 2037.
• The rising need for flexible polyurethane foams used in car seats, headrests, and other interior components, along with the growing automotive industry is contributing to the growth of the market. Polyurethane products contribute to comfort, durability, and lightweight construction, which are critical for modern vehicle designs. According to IBEF, in January 2024, the total production of passenger vehicles, three-wheelers, two-wheelers, and quadricycles was 23,28,329 units. In April 2024, the total production of passenger vehicles*, three-wheelers, two-wheelers, and quadricycles was 23,58,041 units. For instance, in February 2024, UPPAbaby unveiled the next generation in safety, innovations, and enhanced comfort in the new year with the launch of their first-ever lightweight infant car seat, Aria- the lightest on the market at just 5.9 lbs. With its featherweight construction, the Aria was designed to redefine standards of portability and convenience for mobile parents who are always on the go and looking for the lightest option on the market. UPPAbaby is also releasing an updated version of the high-back booster seat, Alta V2.
• The growing demand for durable and comfortable furniture and bedding products is boosting the market for flexible polyurethane foams. For instance, in January 2024, Neveon launched Foam.hybrid Endura, which the company claims that it generates about 70% less emissions than conventional HR mattress cores with a comparable lifespan. The polyurethane foam is made with 30% renewable raw materials.

Polyether Polyol News

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

Latest developments in the polyether polyol industry:

• In April 2024, Huntsman launched the new SHOKLESS polyurethane foam system with the new lightweight, durable polyurethane foam technologies to the company’s battery solutions portfolio that have been developed for the potting and fixation of cells mounted in electric vehicle (EV) batteries. The new range also includes products that can be used as a moldable encapsulant in battery modules or packs.
• In May 2024, Lubrizol announced the expansion of its bio-based thermoplastic polyurethane (TPU) portfolio for adhesives with the addition of Pearlbond™ ECO 590 HMS TPU for hot-melt adhesives (HMAs).

Product Description

Polyether polyol is a crucial ingredient in the production of polyurethane, a versatile polymer with numerous applications. It is a type of polyol with multiple hydroxyl groups, created through the polymerization of epoxides like propylene oxide or ethylene oxide. This process yields various polyether polyols, each with unique properties based on the epoxide and polymerization method used. Polyether polyols are essential in making rigid and flexible polyurethane foams, adhesives, elastomers, coatings, and sealants. They enhance the durability and performance of elastomers and coatings, making them indispensable in industrial and consumer applications. Flexible polyurethane foams, used in bedding, furniture, and automotive interiors, benefit from the polyol’s comfort and resilience, while rigid foams provide excellent thermal insulation for buildings and appliances.

Regional Coverage

The report provides a detailed analysis of the polyether polyol 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 forecasts 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 polyether polyol price trend.

Global Polyether Polyol Price

The report offers a holistic view of the global polyether polyol pricing trends in the form of polyether polyol 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 polyether polyol historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into polyether polyol 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 polyether polyol 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 Polyether Polyol Price

In Europe, the market was heavily influenced by high inflation rates, which reduced consumer purchasing power and led to decreased economic activity. As a result, there was a notable decline in downstream demand. Throughout, surplus stock continued to burden traders, prompting production cuts to balance supply with the reduced demand. The European polyurethane foam market mirrored the bearish trends seen in Asia, with subdued activity reflecting broader economic challenges and fluctuating market conditions.

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

North America Polyether Polyol Price

In North America, the market faced similar challenges to those in Asia and Europe, with weak market fundamentals contributing to declining prices. Economic pressures and shifts in consumer preferences toward more affordable alternatives from Asia increased competition, further depressing the domestic market. The economic downturn in the region was reflected in the pricing trends, showing a consistent decline. Furthermore, high inflation levels affected consumer spending, limiting product demand across various industries.

Specific polyether polyol historical data within the United States and Canada can also be provided.

Middle East and Africa Polyether Polyol Price

The report explores the polyether polyol 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 polyether polyol prices for countries can also be provided. 

Asia Pacific Polyether Polyol Price

The market in Asia exhibited a volatile price trend, witnessing challenges due to surplus stock and low demand from downstream sectors, ultimately leading to weak market sentiment. As time gradually progressed, demand from the polyurethane and textile industries decreased further, putting additional pressure on prices. The drop in feedstock costs also forced manufacturers to lower their prices, struggling to maintain their positions in a competitive market environment characterized by declining demand and fluctuating prices.

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

Latin America Polyether Polyol Price

The analysis of polyether polyol 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 polyether polyol 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 polyether polyol 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 polyether polyol price charts ensure our clients remain at the forefront of the industry.