Polyethylene Glycol Price in USA
- United States: 1250 USD/MT (PET Bottle Grade)
Consequently, production costs decreased, leading to a drop in market prices. Specifically, the price trend for PEG was documented at $1250 per metric ton.
The latest report by IMARC Group, titled "Polyethylene Glycol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of polyethylene glycol prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Polyethylene Glycol Prices Analysis:
- South Korea: 1980 USD/MT (Bottle)
- Belgium: 1190 USD/MT (PET Bottle)
- Saudi Arabia: 1132 USD/MT (PET Resin Bottle Grade)
Report Offering:
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The study delves into the factors affecting polyethylene 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.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/polyethylene-glycol-pricing-report/requestsample
Polyethylene Glycol Price Trend- Last Quarter
The growing use of polyethylene glycol (PEG) in a few industrial sectors, such as the pharmaceutical, personal care, and automotive industries, is the main factor driving the market for PEG. PEG is essential to pharmaceutical formulations since it is utilized as a base in ointments, as a laxative, and in drug delivery systems. PEG's emulsifying and moisture-retaining qualities are vital to the personal care business since they are used in the creation of skincare, haircare, and cosmetic products. The market is developing at a substantial rate due to the increasing demand for these items, which is being driven by rising consumer awareness and the expansion of the middle class in emerging nations. The demand for PEG is also being driven by improvements in manufacturing techniques and the growth of industrial activity worldwide. Furthermore, the development of bio-based PEG is being encouraged by the continued trend towards eco-friendly and sustainable products, which is helping market expansion.
Polyethylene Glycol Industry Analysis
Polyethylene glycol (PEG) prices in North America skyrocketed in the second quarter of 2024 because of growing raw material costs, especially those of ethylene oxide, which were driven up by rising crude oil prices. In addition, supply disruptions were caused by a force majeure occurrence at a large industrial facility. A tight market and increased PEG prices were the outcome of strong demand from the personal care and pharmaceutical sectors, as well as seasonal demand spikes and an economic rebound. Prices for polyethylene glycol (PEG) skyrocketed in the Asia-Pacific area in Q2 2024 because of strong demand from the personal care and pharmaceutical sectors, especially in China. The price increases were caused by shortages of ethylene oxide, increasing freight costs, supply chain interruptions, and geopolitical concerns. The warmer months saw seasonal increases in demand, which also raised costs. The APAC area saw significant price rises for PEG because of these variables combined.
Due to continuous post-pandemic industrial recovery and demand from the pharmaceutical and personal care industries, the European Polyethylene Glycol (PEG) market had stable price increases in Q2 2024. The costs of raw materials were tempered by stable crude oil prices, and prices were maintained throughout the summer by better supply chain logistics and seasonal demand. As a result, PEG's price situation in Europe improved. The MEA area saw a notable increase in Polyethylene Glycol (PEG) prices in Q2 2024 because of strong demand from the personal care and pharmaceutical industries. Increased freight charges and supply shortages were caused by geopolitical tensions and supply chain difficulties, such as delays in Red Sea shipping routes. Prices were further driven higher by Saudi Arabian plant maintenance and seasonal considerations, resulting in a positive pricing environment for PEG in the MEA area.
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
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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