Polypropylene Glycol Prices

Polypropylene Glycol Prices June 2022

The polypropylene glycol prices in India for Q2 2022 reached 1420 USD/MT in June. The market saw a decrease during the second quarter due to weaker requirements from end-user sectors and stable supply levels. The lower cost of feedstock materials, along with adequate inventory, facilitated this price decline. Market conditions were also influenced by moderated cost pressures and steady consumption trends in the region.

Polypropylene Glycol Price Trend, Market Analysis, and News

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

The report examines the elements influencing polypropylene 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.

Polypropylene Glycol Market Analysis

The global polypropylene glycol market size reached 1.9 Million Tonnes in 2023. By 2032, IMARC Group expects the market to reach 2.7 Million Tonnes, at a projected CAGR of 4.10% during 2023-2032.

• The rising demand for PPG in the automotive industry is acting as a major growth-inducing factor in the market. The expansion of the automotive industry, along with the increasing use of PPG in the formulation of coolants and antifreeze solutions is contributing to the growth of the market. For instance, final data from the Society of Motor Manufacturers and Traders (SMMT) showed that 1.9 million vehicles were sold in 2023, an increase of 17.9% from a year ago and the highest level since the 2.3 million registrations in 2019.
• The increasing demand for PPG in producing polyurethane foams, which are widely employed for insulation in buildings is influencing the market growth. PPG offers elasticity and moisture resistance, which makes it ideal for sealants and adhesives used in construction, thereby driving the demand for PPG. For instance, in February 2024, WACKER presented two dispersible polymer powders for formulating tile adhesives at this year’s PAINTINDIA that will soon be introduced into the growing Indian market. When added to dry-mix mortars, VINNAPAS 4419E and VINNAPAS 8819E produce an exceptional creamy consistency which makes the resulting product easier to use.
• PPG is included in lotions, creams, conditioners, and shampoos to enhance their texture and hydration effectiveness as a moisturizer which is boosting its demand in the cosmetic and personal care industry. PPG acts as a solvent for dissolving substances in beauty products, improving application and stability. According to the India Brand Equity Foundation (IBEF), the overall cosmetic and personal care market share is expected to grow to US $ 20 billion by 2025 with a compound annual growth rate (CAGR) of 25%. On the other hand, the global cosmetics industry is growing at 4.3% CAGR and will reach US $450 billion by 2025. By 2025, along with this growth, India will constitute 5% of the total cosmetics market and reach the top five global markets in terms of revenue.

Polypropylene Glycol News

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

Latest developments in the polypropylene glycol industry:

• May 2023: Mitsui Chemicals and Sanyo Chemical established a 50-50 Limited Liability Partnership (LLP) to improve productivity and secure future supply stability for polypropylene glycols (PPGs) in Japan. The LLP will enable production cooperation through mutual utilization of both companies' production bases and raw material procurement cooperation through joint negotiation of main raw materials. This partnership aims to maintain a sustainable and efficient production system and strengthen competitiveness in the PPG business.

Product Description

Polypropylene glycol or PPG refers to a polymer of propylene glycol, classified as a polyether compound.

PPG is mainly employed in the production of several consumer and industrial products.

Chemically, it is synthesized through the polymerization of propylene oxide, resulting in a substance that can vary in molecular weight depending on the specific application requirement.

It is characterized by its solubility in water and its ability to function as a surfactant, thereby making it effective in lowering the surface tension between 2 liquids or a liquid and a solid.

The applications of PPG are diverse, ranging from the manufacturer of foams, particularly in the automotive and construction industry, to its employment as a component in hydraulic and brake fluids.

PPG serves as a piece in the formulation of pharmaceuticals, cosmetics, and food additives, where it acts as a moisturizer, stabilizer, and solvent.

It was stability and non-toxic nature make it a valuable ingredient across numerous sectors.

Regional Coverage

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

Global Polypropylene Glycol Price

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

The report also delves into polypropylene 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 polypropylene 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 Polypropylene Glycol Price

The market prices in Europe declined from April to June in 2022. Although propylene prices initially rose in April, they fell sharply because of weak consumption across end-user sectors such as polyurethane and other derivatives. The ample availability of raw materials pushed down the product prices. Reduced purchasing interest from downstream contributed to this downward trend, as cost pressures from feedstock propylene oxide softened in the region.

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

North America Polypropylene Glycol Price

In North America, the product prices declined between April and June, primarily influenced by a drop in feedstock propylene oxide prices. This reduction in primary material costs was driven by weak consumption across end-user sectors and a decrease in purchasing activity. Additionally, naphtha prices fell, ensuring an adequate stock of raw materials for downstream derivatives, further pushing prices down. The decreased operational rates also contributed to the reduction in prices, as industries faced less financial pressure.

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

Middle East and Africa Polypropylene Glycol Price

The report explores the polypropylene glycol 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 polypropylene glycol prices for countries can also be provided.

Asia Pacific Polypropylene Glycol Price

During the second quarter of 2022, the Asia Pacific market saw a continuous decline, mainly driven by lower requirement from polymer end-user industries, which caused propylene oxide prices to fall steadily. The market experienced little cost pressure from upstream materials, supported by consistent feedstock demand and adequate stock levels that ensured a stable supply. Additionally, COVID-19 restrictions in China further added to the price drop by limiting market activity.

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

Latin America Polypropylene Glycol Price

The analysis of polypropylene 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 polypropylene 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 polypropylene 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 polypropylene glycol price charts ensure our clients remain at the forefront of the industry.