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)
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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.
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Polyethylene Glycol Price Trend- Last Quarter
The versatile applications of polyethylene glycol across various industries, including pharmaceuticals, cosmetics, and industrial manufacturing is driving the global market. In the pharmaceutical sector, PEG is increasingly used as a base for ointments, drug delivery systems, and as an excipient in tablets, due to its non-toxic and water-soluble properties. The cosmetics industry also contributes significantly to market growth, utilizing PEG in creams, lotions, and toothpaste, driven by consumer demand for products with better texture and stability. Additionally, the industrial sector benefits from PEG's use in lubricants, solvents, and as an anti-foaming agent. The rising demand for biodegradable and sustainable products further propels PEG's market, as manufacturers seek eco-friendly alternatives in line with stricter environmental regulations.
Polyethylene Glycol Industry Analysis
During Q2 2024, polyethylene glycol (PEG) prices in North America increased due to heightened demand in the pharmaceutical and personal care sectors. This increase was further fueled by rising raw material costs, particularly ethylene oxide. Additionally, manufacturing employment levels indicated economic recovery, amplifying the demand for PEG. A significant supply disruption occurred due to force majeure at a major facility, exacerbating price hikes. In the APAC, the region saw significant price increases, driven by strong demand in the pharmaceutical and personal care sectors. Supply chain disruptions, including limited availability of ethylene oxide and increased freight charges, tightened the market further. Geopolitical tensions, particularly between Israel and Iran, led to fluctuations in crude oil prices, impacting PEG production costs.
In Europe, the polyethylene glycol (PEG) market remained relatively stable with steady demand from the pharmaceutical and personal care sectors. The ongoing industrial recovery and stabilization of crude oil prices helped moderate raw material costs. Improved logistics reduced delays, contributing to a consistent supply flow. Germany saw notable price changes, reflecting seasonality and economic conditions. In Q2 2024, the polyethylene glycol (PEG) market in the MEA region experienced significant price increases due to strong demand from the pharmaceutical and personal care sectors. Logistical challenges, including higher freight charges and supply chain disruptions, further escalated prices. Geopolitical tensions, particularly incidents affecting Red Sea shipping routes, added to the supply constraints. Saudi Arabia observed the most pronounced price changes, driven by seasonal demand and plant shutdowns.
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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