Polypropylene Glycol Prices In India
- India: 1420 USD/MT
In June of Q2 2022, the price of polypropylene glycol in India reached $1,420 per metric ton. The Indian market experienced a downward trend as the price of upstream raw material propylene oxide consistently decreased due to reduced demand from downstream polymer end-user industries. The latest report by IMARC, titled "Polypropylene Glycol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data" delivers a comprehensive analysis of Polypropylene Glycol prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Polypropylene Glycol Prices December 2023:
- India: 1420 USD/MT
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The study delves into the factors affecting Polypropylene Glycol price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
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Polypropylene Glycol Price Trend- Q4 2023
The market growth of Polypropylene Glycol (PPG) is driven by a combination of industrial demand, technological advancements, and regulatory factors. Primarily, the expansion of the polyurethane sector, where PPG serves as a crucial intermediate, significantly propels demand. This growth is spurred by increasing applications in foam production used in automotive, construction, and furniture industries for insulation, seating, and bedding products due to PPG's attributes of flexibility, durability, and comfort. Further fueling the market are advancements in product formulation that enhance the efficiency and performance characteristics of PPG-based products. For instance, innovations in PPG blends that offer higher resistance to degradation and improved mechanical properties are opening new applications in sectors such as coatings, adhesives, and elastomers. Regulatory influences also play a pivotal role. Stricter environmental standards drive the demand for bio-based and less volatile organic compound (VOC) emitting products. PPG fits well within this niche, offering formulations that meet environmental compliance while maintaining product performance. Additionally, the global expansion in sectors like pharmaceuticals and personal care, where PPG is utilized for its solvent and emulsifier properties, contributes to market growth. As emerging markets continue to develop, the increased production capacities and regional expansion strategies by key manufacturers are set to further stimulate PPG's demand, ensuring sustained growth in the global market.
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. In the second quarter of 2022, the price dynamics of Polypropylene Glycol (PPG) across various global markets were primarily influenced by fluctuations in the cost and availability of upstream raw materials, notably propylene oxide, alongside varying demand patterns from downstream industries. In North America, a significant decrease in the price of propylene oxide, a critical raw material for PPG production, led to a corresponding reduction in PPG prices. This trend was exacerbated by a downturn in demand from key downstream industries, such as those producing polyurethane and other derivatives, which typically drive the consumption of PPG. Additionally, the reduced operational costs in the production of PPG contributed to the downward pressure on its market price. The region also benefited from a stable supply of naphtha, further easing raw material costs, and supporting the decline in PPG prices. This scenario highlighted the sensitivity of PPG pricing to both the availability and cost of raw materials and the prevailing economic conditions affecting industrial buyers’ purchasing behaviors.
Similarly, in the Asia-Pacific region, particularly China, PPG prices were subject to downward adjustments due to several overlapping factors. The persistently weak demand from downstream polymer industries, which faced operational challenges and reduced output due to COVID-19 disruptions, played a critical role. The supply chain for propylene oxide remained uninterrupted, ensuring stable and sufficient inventory levels, which, coupled with weak demand, led to decreased prices of PPG. The market dynamics were further influenced by pandemic-related restrictions that intermittently affected manufacturing and logistics, limiting market activity and suppressing demand. This combination of ample supply, weakened cost pressure from upstream, and restricted market movement due to health crises collectively drove the PPG prices downward. The regional interplay between supply adequacy, raw material costs, and external economic disruptions underscores the complex environment in which PPG pricing mechanisms operate, reflecting broader economic indicators and specific sectoral demands.
Browse Full Report: https://www.imarcgroup.com/polypropylene-glycol-pricing-report
Key Points Covered in the Polypropylene Glycol Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Polypropylene Glycol Prices
- Polypropylene Glycol Price Trend
- Polypropylene Glycol Demand & Supply
- Polypropylene Glycol Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Polypropylene Glycol Price Analysis
- Polypropylene Glycol Industry Drivers, Restraints, and Opportunities
- Polypropylene Glycol News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
- Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
- North America: United States and Canada
- Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
- Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco
Browse More Pricing Reports by IMARC Group:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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