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China
India
VietnamDuring Q1 2025, the international Dipropylene Glycol Monomethyl Ether (DPGME) market experienced slight price stabilization. China FOB prices decreased marginally to $1882/MT, reflecting a 0.26% decline compared to Q4 2024. The minor drop was due to relatively steady demand from key industries such as coatings, cleaning products, and industrial applications, though competition from alternative solvents put pressure on prices. Similarly, CIF Vietnam prices fell by 0.41%, to $1934/MT, driven by softer purchasing activity from downstream sectors. While demand remained stable in certain regions, a cautious outlook and limited price movements characterized the market in the early months of 2025.
In Q4 2024, the DPGME market experienced a moderate correction after strong price growth earlier in the year. China FOB prices decreased to $1887/MT, marking a 6.54% drop compared to Q3 2024. This decline was due to a combination of reduced demand from industries such as automotive and construction, as well as seasonal inventory adjustments. CIF Vietnam prices also dropped by 7.74%, reaching $1942/MT, reflecting the same demand slowdown, particularly in Southeast Asia, and higher stock levels at the beginning of the quarter. Despite these declines, the market showed resilience in certain sectors, such as coatings, where demand remained relatively strong.
During Q3 2024, the DPGME market saw continued growth. China FOB prices rose to $2019/MT, a 11.24% increase from Q2, as demand surged in key sectors like industrial cleaning, coatings, and electronics. CIF Vietnam prices also rose by 11.49%, reaching $2105/MT, driven by robust procurement from Southeast Asian buyers as demand for solvents and cleaning agents grew. This upward momentum was supported by supply chain stabilization, leading to higher prices as manufacturers sought to secure adequate volumes of DPGME to meet increased demand.
In Q2 2024, the DPGME market showed strong price growth across both China and Vietnam. China FOB prices surged to $1815/MT, reflecting a 16.05% rise from Q1 2024, as demand picked up across various sectors, including paints, coatings, and cleaning agents. CIF Vietnam prices also increased by 15.90%, to $1888/MT, driven by heightened procurement activity in the region. The significant price rise was driven by tightening supply in key export markets and increased purchasing to meet growing demand in the industrial and commercial sectors.
During Q1 2024, the DPGME market started the year with a moderate price increase. China FOB prices were quoted at $1564/MT, reflecting a 1.03% increase from Q4 2023, supported by steady demand from both domestic and international markets. CIF Vietnam prices rose by 3.56%, reaching $1629/MT, reflecting growth in demand from various industrial sectors, particularly cleaning products, solvents, and coatings. While the price increases were not drastic, the market sentiment was positive, as suppliers adjusted their prices in response to stable demand in the early part of the year.
In Q1 2025, the Indian DPGME market experienced a moderate price rise, driven by post-holiday restocking and steady demand from the coatings and cleaning chemical sectors. CIF India prices climbed to INR 169,902/MT, showing a 2.31% increase from Q4. Supply from China tightened slightly due to delayed post-Lunar New Year shipments and limited spot availability. The domestic market responded accordingly, with Ex-Mumbai prices rising to INR 193,833/MT, reflecting a 4.97% increase. Importers and distributors stocked up in anticipation of stronger seasonal demand heading into the construction season.
In Q4 2024, the market showed signs of cooling after two bullish quarters. CIF India prices declined to INR 166,067/MT, a -5.51% decrease from Q3. Though Diwali and year-end activity provided a temporary boost in sectors like household and industrial cleaning, most buyers operated with high inventory levels, which reduced urgency in fresh imports. Meanwhile, smoother port operations in China and lower freight costs helped ease the pricing pressure. Ex-Mumbai prices followed the trend, dipping to INR 184,651/MT, down -2.99%, as sellers adjusted prices to reflect the more stable import conditions.
In Q3 2024, the market continued its bullish trajectory. CIF prices surged to INR 175,750/MT, up 12.12% from Q2, as domestic demand rose sharply post-monsoon. Industrial usage in coatings, paints, and cleaning chemicals picked up, while supply constraints from China—caused by local inspections and production cuts—limited export availability. Indian buyers faced higher costs, which was mirrored in the Ex-Mumbai price, which increased to INR 190,333/MT, showing a 9.49% gain. Limited availability and higher freight pushed up landed costs during this period.
In Q2 2024, DPGME prices in India saw a significant jump. CIF prices increased to INR 156,753/MT, a 16.48% rise from Q1. This was fueled by strong pre-monsoon demand from paint manufacturers and industrial cleaners, alongside forward buying amid concerns of rising freight and shipping container shortages from China. Export offers from Chinese suppliers were limited, further firming the market. As a result, Ex-Mumbai prices rose to INR 173,833/MT, marking an 11.67% increase, as domestic traders passed on the higher import costs to end users.
In Q1 2024, the market started the year on a steady and slightly positive note. CIF India prices stood at INR 134,575/MT, registering a 2.94% increase from Q4 2023. Demand remained stable across coatings, textile processing, and cleaning sectors, though imports from China experienced minor delays around the Lunar New Year. Despite this, there was no major disruption in the supply chains. Ex-Mumbai prices were recorded at INR 155,666/MT, reflecting a 2.41% increase, supported by balanced demand and healthy distributor activity across regional markets.
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These factors demonstrate the sensitivity of the DPGME market to regional and global disruptions, underlining the importance of monitoring local production and economic activities to forecast future price trends.
This research methodology ensures that PriceWatch delivers the most accurate, timely, and actionable Dipropylene glycol monomethyl ether pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.
Molecular Weight[g/mol]
CAS No
HS Code
Molecular Formula
Dipropylene Glycol Monomethyl Ether (DPM) is a versatile organic solvent that is commonly used in a variety of industrial applications. It is a member of the glycol ether family, a class of solvents known for their ability to dissolve both hydrophilic and lipophilic compounds. DPM is a clear, colourless, and relatively low-volatility liquid with mild odour, making it suitable for use in environments where low toxicity and pleasant handling properties are desired. It is commonly used as a solvent in a variety of applications, including coatings, cleaning products, adhesives, paints, and personal care products.
Packaging Type
Grades Covered
Incoterms Used
Synonym
PriceWatch Quotation Terms:
Ex-Location: This incoterm refers to a shipping agreement where the seller makes the goods available at their premises, and the buyer is responsible for all transportation costs, including shipping, insurance, and any other fees.
CIF: CIF refers to the Cost, Insurance, and Freight (CIF) terms for goods. Under CIF terms, the seller is responsible for the cost of goods, insurance, and freight charges until the goods reach the port of destination.
FD: FD stands for Free Delivered where the seller takes full responsibility for delivering goods to the location/port. This ensures the buyer receives the goods at the designated port with all necessary costs, except import duties, covered.
FOB: FOB refers to the Free On-Board shipping term, where the seller is responsible for the cost and risk of delivering the goods to the port. Once the goods are on board the vessel, the responsibility shifts to the buyer for all costs, including shipping and insurance.
| Property | Specification
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| Appearance
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Colourless transparent liquid
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| Colour, Pt-Co
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20 max
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| Water %
|
0.10max
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| Distilling Range
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180-195°C
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| Density g/ml
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0.948-0.968 g/ml
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| Refractive Index (20°C) | 1.4210 – 1.4230
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| Storage Temperature | +20°C
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| Shipping Temperature
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Ambient
|
Applications
Dipropylene Glycol Monomethyl Ether (DPM) is commonly used as a solvent in a variety of applications, including coatings, cleaning products, adhesives, paints, and personal care products. It serves as an excellent solvent for resins, waxes, oils, and other substances, and is often found in degreasers, paints, and varnishes. Additionally, DPM is used in the manufacture of agricultural formulations, as well as in industrial cleaning solutions, due to its ability to dissolve both polar and non-polar materials.
The price of DPM is mainly influenced by raw material costs (such as propylene oxide and methanol), energy prices, and demand from industries like cleaning products, paints, coatings, and personal care. Additionally, geopolitical factors, supply chain disruptions, and regulatory changes can impact pricing.
Local production of DPM helps stabilize prices by reducing transportation costs, whereas regions reliant on imports may experience higher prices due to shipping costs, tariffs, and potential supply chain challenges.
DPM prices tend to fluctuate based on changes in raw material costs, energy prices, and demand from key industries. To secure better rates, consider bulk purchasing, long-term contracts, and exploring local suppliers to reduce transportation costs.
High demand from the cleaning, paint, and coatings industries can drive up DPM prices. Conversely, a decrease in demand from these industries may lead to price reductions.
Stricter environmental regulations, especially regarding VOC (Volatile Organic Compound) emissions, may increase manufacturing costs as companies comply with new standards, potentially raising DPM prices.
Supply chain disruptions such as natural disasters, geopolitical tensions, transportation delays, and raw material shortages can lead to DPM shortages and result in price increases.
DPM pricing may experience seasonal fluctuations depending on industry demand, such as during peak production seasons in automotive or construction. Additionally, maintenance shutdowns or disruptions in supply chains can cause temporary price spikes.
Long-term price stability for DPM is difficult to predict due to market volatility. However, securing long-term contracts and keeping track of raw material and energy price trends can help mitigate some of the risks associated with price fluctuations.
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