Polyethylene Glycol Price Trend

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.

Polyethylene Glycol Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Polyethylene Glycol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” 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.

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

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

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

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

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.

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.