Polyethylene Glycol Prices

Polyethylene Glycol Prices September 2024

The polyethylene glycol prices in Saudi Arabia for Q3 2024 reached 1,025 USD/MT in September. The market adjusted in response to fluctuating demand and competitive pricing pressures from international imports. A surge in demand, especially from pharmaceutical and industrial applications, drove prices up in August, though levels normalized by September. Consistent local production and demand stability helped Saudi Arabia manage these dynamics, adapting to the shifting market landscape.

The price trend for polyethylene glycol in China for Q3 2024 settled at 1,145 USD/MT in September. The market showed varied trends, with a temporary price lift on account of restocking activities in August. By September, manufacturing demand slowed, impacting polyethylene glycol needs and market stability. Despite logistical challenges, manufacturers effectively managed supply, yet cautious buyer behavior reflected broader economic uncertainties, leading to a conservative outlook in the region.

In Germany, the polyethylene glycol prices for Q3 2024 reached 1,330 USD/MT in September. The market faced price adjustments due to lower demand from the pharmaceutical and cosmetic sectors, driven by wider economic challenges. Improved material availability and reduced energy costs allowed stable production. However, a cautious market sentiment prevailed as end-users held high inventories, leading to a conservative purchasing approach despite stable overall production.

Polyethylene Glycol Prices June 2024

The polyethylene glycol prices in the United States for Q2 2024 reached 1,140 USD/MT in June. The region saw a decline in prices following an initial rise. The market was driven by strong demand from the pharmaceutical sector and compliance regulations in personal care. Economic recovery, shown by rising manufacturing employment, further bolstered polyethylene glycol demand. Supply challenges, including a force majeure event, heightened prices, while rising crude oil and raw material costs maintained a positive pricing momentum throughout the quarter.

The price trend for polyethylene glycol in China for Q2 2024 reached 1,140 USD/MT in June. The market witnessed significant price growth, attributed to the strong need for pharmaceuticals and personal care. Consistent production activities faced occasional feedstock shortages, which, combined with geopolitical tensions and fluctuating crude oil prices, impacted costs. Seasonal demand spikes in personal care also played a part, ensuring an upward price trend throughout the quarter.

In Germany, the polyethylene glycol prices for Q2 2024 reached 1,350 USD/MT in June. The market showed steady growth, influenced by consistent demand from the pharmaceutical and personal care sectors. The summer season spurred increased usage, contributing to price movements. Industrial recovery post-pandemic sustained demand, while stable supply chains helped moderate fluctuations. The overall market maintained a balanced trend with positive pricing reflecting robust sectoral offtakes.

In Saudi Arabia, the polyethylene glycol prices for Q2 2024 reached 1,040 USD/MT in June. The market saw significant price increases, influenced by the high need for pharmaceuticals and personal care. Supply issues, compounded by geopolitical factors affecting shipping and plant maintenance disruptions, influenced pricing. The post-spring recovery in industrial activities also spurred demand, maintaining a positive pricing environment supported by constrained feedstock supply.

Polyethylene Glycol Prices December 2023

PEG prices in the USA during the period of Q4 2023 showed clear downstream trends due to the slowing down of downstream industries, an increase in upstream ethylene availability, and some fluctuations in shipping activities as the water level of the Panama Canal was often variable. This resulted in lower production costs and prices falling in the market. The price trend of PEG was recorded as 1250 USD/MT.

In South Korea, part of the APAC region, polyethylene glycol prices went down in Q4 2023. This fell-off product demand from the downstream and declined costs associated with flat production value chain compared to the elevated prices of the upstream ethylene and naphtha pushed traders to the corner. The price trend in South Korea was 1980 USD/MT.

In Belgium, a part of the European region, the prices of polyethylene glycol performance by 2023 Q4 showed a swoop in which they became much lower compared to the price in Q3 2023. Mill cork output decreased with the extra demand from the individual care and horticulture industries, coupled with the fall of the upstream ethylene and poor economic activities which led to reduced manufacturing costs and priced markets. The price trend in Belgium was 1190 USD/MT.

The market of polyethylene glycol (PEG) in Saudi Arabia, part of the MEA region, in the last quarter of 2023 has appeared to be bearish in nature. Overproduction and less consumption heightened by the area’s instabilities, in addition to the food sectors’ decreased demand, caused the prices to drop, giving rise to the country's increased domestic piles of products. The price trend in Saudi Arabia was 1132 USD/MT.

Product Description

Polyethylene glycol (PEG) refers to polyether compounds obtained from ethylene oxide, a widely utilized substance due to its special properties and broad use. PEG is an outstanding elastomer exhibiting diverse molecular weights to make it in desirable form from liquid to solid form of wax. This adaptability in binary structure allows it to perform effectively as a solvent, liquid, and moisture carrier. PEG with its attributes of aqueous and organic solubility, low toxicity, and immunogenicity is therefore very much in demand by many fields of research. It is most widely used in the pharmaceutical and cosmetic industries, and the food industry, and is used in the industrial sectors like in the antifoam agents and it is also used for manufacture of ceramics and plastics.

Regional Coverage

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

Global Polyethylene Glycol Price

The report offers a holistic view of the global polyethylene glycol pricing trends in the form of polyethylene 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 current price of polyethylene glycol 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 polyethylene 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 Polyethylene Glycol Price

Q3 2024:

The European market in Q3 2024 saw steady to slightly declining prices, with Germany experiencing notable adjustments due to shifts in demand from the pharmaceutical and cosmetics sectors. Broader economic uncertainties, combined with changing export demand, placed some downward pressure on prices. Enhanced inventory availability and a drop in energy costs allowed manufacturers to maintain consistent production, balancing market conditions. However, caution prevailed due to high inventory levels and conservative buying strategies among end-users. By the end of the quarter, Europe’s PEG market maintained stability, with limited fluctuations, but remained watchful of broader economic trends affecting market sentiment.

Q2 2024:

The European polyethylene glycol market during Q2 2024 exhibited stable trends, driven by consistent demand from the pharmaceutical and personal care sectors. Industrial recovery following the pandemic spurred increased consumption, while stabilized crude oil prices helped moderate raw material costs, including ethylene oxide. Improved logistics and reduced supply chain delays supported a balanced supply flow. Germany, which saw notable pricing changes, experienced seasonal demand boosts during the summer months, contributing to a slight price increase. Market conditions remained stable, characterized by steady demand, minimal disruptions, and efficient supply chains. This stability resulted in a consistent upward pricing trend, maintaining a positive sentiment throughout the quarter.

Q4 2023:

PEG demand was low throughout the European region during the period because of reduced activity in personal care product segments. At the same time, the manufacturing sector was recorded below contraction levels, which resulted in a further reduction of PEG demand as a solvent in end-user industries. In addition to a larger supply of upstream ethylene to reduce the production cost, the market remained lackluster due to slow orders from personal care manufacturers, reflecting an overall lower trading activity. 

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

North America Polyethylene Glycol Price

Q3 2024:

In the third quarter of 2024, North America’s polyethylene glycol market maintained stable pricing, driven by steady demand across the pharmaceutical, personal care, and industrial sectors. These industries, particularly pharmaceuticals, benefited from PEG's versatile applications, ensuring robust demand. Improved supply chain stability supported reliable PEG availability, while production costs remained stable due to consistent feedstock prices. Technological advancements further enriched PEG applications across various sectors. The United States market noted minor pricing shifts tied to regional demand fluctuations, though supply remained balanced, aided by ongoing environmental regulations and consistent economic conditions. The quarter closed on a steady note, with the PEG market showing balanced sentiment and reliable supply-demand dynamics.

Q2 2024:

During Q2 2024, the North American polyethylene glycol market saw a clear rise in prices, driven by strong demand across pharmaceuticals and personal care industries. Economic recovery, indicated by increased manufacturing employment and manufacturing PMI, bolstered polyethylene glycol demand. Inventory prices, particularly ethylene oxide, rose, adding pressure. An event of force majeure disrupted supply, enhancing price momentum. In the United States, notable price fluctuations were fueled by seasonal demand from the pharmaceutical sector and regulatory pressures within personal care. Higher crude oil prices contributed to elevated production costs, solidifying a bullish pricing trend marked by persistent need and supply challenges throughout the quarter

Q4 2023:

The demand for polyethylene glycol (PEG) in North America diminished mostly as the personal care products sector as well as the manufacturing sector contracted. The drop in demand was further worsened by the cast-metro ethylene availability which led to reduced costs of production. At the close of the period, supply improved due to more shipping activities, but slow demand from personal care manufacturers remained a dampener to the market.

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

Middle East and Africa Polyethylene Glycol Price

Q3 2024:

In Q3 2024, the polyethylene glycol market in the Middle East and Africa saw changes, affected by varying domestic needs and competitive international pricing. A peak in August, fueled by heightened requirements from pharmaceutical, industrial, and water treatment sectors, was followed by price corrections as demand leveled off in September. Stable manufacturing rates and effective distribution supported local supply, even as affordable imports from Asia applied additional pressure on prices. The consistent need for polyethylene glycol in personal care products and water treatment helped stabilize the market, with Saudi Arabia adapting to regional shifts. The market scenario remained steady, with suppliers aligning with evolving demand trends.

Q2 2024:

The polyethylene glycol market in the Middle East and Africa region during Q2 2024 saw a strong upward trend, fueled by high demand from the pharmaceutical and personal care industries. Logistical issues, such as heightened freight costs and supply disruptions, heightened the price surge. Regional geopolitical tensions added to supply challenges, specifically affecting shipping routes through the Red Sea. In Saudi Arabia, the market faced significant cost increment, accentuated by seasonal demand following the spring period and industrial recovery. Supply was further constrained by maintenance activities at major production facilities, affecting raw material availability and output. The region’s pricing dynamics were marked by strong requirements, constrained supply, and fluctuating production costs influenced by crude oil and ethylene prices, creating a bullish market sentiment throughout the quarter.

Q4 2023:

In the Middle East region, there was a fall in polyethylene glycol (PEG) prices because of oversupply and reduced consumption rates, which were worsened by geopolitical tensions and supply chain disruptions. The waning of PEG 200 demand in the food coating sector, lackluster buying activities and swelling of domestic inventory continued to push the market. Moreover, the interruptions of the international supply routes were caused by the attacks on the ships, thus worsening the market difficulties.

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

Asia Pacific Polyethylene Glycol Price

Q3 2024:

In the third quarter of 2024, North America’s polyethylene glycol market maintained stable pricing, driven by steady demand across the pharmaceutical, personal care, and industrial sectors. These industries, particularly pharmaceuticals, benefited from PEG's versatile applications, ensuring robust demand. Improved supply chain stability supported reliable PEG availability, while production costs remained stable due to consistent feedstock prices. Technological advancements further enriched PEG applications across various sectors. The United States market noted minor pricing shifts tied to regional demand fluctuations, though supply remained balanced, aided by ongoing environmental regulations and consistent economic conditions. The quarter closed on a steady note, with the PEG market showing balanced sentiment and reliable supply-demand dynamics.

Q2 2024:

During Q2 2024, the North American polyethylene glycol market saw a clear rise in prices, driven by strong demand across pharmaceuticals and personal care industries. Economic recovery, indicated by increased manufacturing employment and manufacturing PMI, bolstered polyethylene glycol demand. Inventory prices, particularly ethylene oxide, rose, adding pressure. An event of force majeure disrupted supply, enhancing price momentum. In the United States, notable price fluctuations were fueled by seasonal demand from the pharmaceutical sector and regulatory pressures within personal care. Higher crude oil prices contributed to elevated production costs, solidifying a bullish pricing trend marked by persistent need and supply challenges throughout the quarter

Q4 2023:

In Asia Pacific, polyethylene glycol (PEG) prices fell as a result of sluggish demand in the ink production and personal care products sectors, among others. In the beginning, the demand for the product remained stable from the fruit preservation industry during festive seasons, but the reduced buying by end-user industries and weakening prices of upstream Ethylene, Naphtha, and Crude Oil reduced production costs. At the end of the period, the higher stock levels confirmed the poor market demand.

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

Latin America Polyethylene Glycol Price

The analysis of polyethylene 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.

Polyethylene Glycol Price Trend, Market Analysis, and News

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

The report examines the elements influencing polyethylene 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.

Polyethylene Glycol Market Analysis

The global polyethylene glycol market size reached US$ 5 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 9 Billion, at a projected CAGR of 6.70% during 2023-2032.

The prevalence of PEG in the pharmaceutical industry is one of the main forces behind the market expansion of PEG. PEG is an excipient in drugs because of its solubility properties used to enhance the solubility of active pharmaceutical ingredients, therefore, it is essential in effective drug delivery mostly for injectable and oral formulations. The increased need for high-purity pharmaceutical formulations of PEG is driving the growth of the high-purity grades of PEG. Apart from the pharmaceutical industry, the personal care industry is a big consumer of PEG. It is used as a binder, solvent, and skin conditioner in such products as lotions, shampoos, and toothpaste. The rising awareness of the consumer regarding personal hygiene and skincare along with the disposable incomes of the people in emerging countries is boosting the demand for the personal care products that contain PEG. Furthermore, due to its chemical characteristics that make it a perfect additive in numerous textile operations, PEG fulfills several functions. Commonly, PEG is used as a lubricant and plasticizer in textile production aimed at improvement of the processability and sewability of fibers and yarns. This results in the reduction of friction during the spinning, weaving, and knitting processes hence producing more polished and quality fabric outputs. For instance, in 2022, Chinese exports of textiles, clothing, and apparel accessories hit the USD 323.344 billion mark with a 2.53% increase rate compared to the previous year (2021). Thus, the volume of textile, apparel, and clothing accessories exported from the country is propelling the positive growth of the polyethylene glycol market. As per India Brand Equity Foundation (IBEF), the textile and apparel exports in India reached USD 44.4 billion in 2022, which represents a growth of 41% compared to 2021 and 26% compared to 2020. In 2022, the USA topped the list of export destinations, which had 27%, followed by Europe (18%) and Bangladesh (12%).

Polyethylene Glycol News

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

Latest developments in the Polyethylene Glycol industry:

• In 2022, EAC (Expert Appraisal Committee) by the Ministry of Environment, Forests and Climate Change suggested EC to the Rs 10,000 crore expansion and debottlenecking of the Hazira Manufacturing Division (HMD) belonging to RIL in Gujarat in the month of October 2022. The complex of HMD of Mukesh Ambani’s RIL was commissioned in the middle of 1991-92 and it produced paraxylene, polyethylene, polystyrene, and sulfuric acid along with utilities.
• In 2024, BASF's Coating activities launched a new set of eco-friendly clearcoats and undercoats. These coats feature better quality and higher productivity, and, thus, help to decrease CO2 amount of emissions into the atmosphere.

Report Coverage

Key Benefits for Stakeholders:

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