propylene glycol monomethyl ether Pricing Assessment

Markets Covered:

China

India

Taiwan

Vietnam

Turkey

Brazil

Philippines

Propylene Glycol Monomethyl Ether Price Trend, Analysis and Forecast

As of August 2024, propylene glycol monomethyl ether prices are fluctuating, reflecting a 11% increase from the previous month. The Asia Pacific region is the largest consumer of PGME, with Taiwan leading the market due to high consumer demand and a strong presence of end-use industries.

In Q1, 2024, the propylene glycol monomethyl ether market in Asia Pacific saw a slight decrease in prices, with a fall of 6%. This is driven by the key factors driving influence increased demand from downstream sectors, especially within the paints and coating industries.

However, in Q2,2024, the refined naphthalene market in Asia Pacific saw a sustainable decrease in prices, with a decrease of 1%. This is due to the various economy and market specific factors which also includes feedstock market.

InQ3, 2024, in this quarter the overall positive market environment played a role in driving up prices, as the shipping sector experienced rising demand and equipment challenges. This resulted in higher spot rates and surcharges, further affecting naphthalene prices.

In Q4, 2024, the price trend for Refined Naphthalene will be shaped by variations in both production levels and demand. These fluctuations will play a key role in determining how refined naphthalene prices move during this period.

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is your trusted resource for tracking global propylene glycol monomethyl ether price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the propylene glycol monomethyl ether market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, keeps you fully informed of market dynamics.

In addition, provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With , you gain a competitive edge in understanding all the elements that influence propylene glycol monomethyl ether prices worldwide. Stay ahead of the curve with ’s reliable, accurate, and timely propylene glycol monomethyl ether market data.

Track 's propylene glycol monomethyl ether price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Historically, several events have caused significant fluctuations in propylene glycol monomethyl ether prices

Russia-Ukraine Conflict (2022): The Russia-Ukraine conflict has significantly affected the production, supply, and pricing of propylene glycol monomethyl ether, leading to broader implications for various industries reliant on this chemical.

COVID-19 Pandemic (2020): The COVID-19 pandemic resulted in both challenges and opportunities for the propylene glycol monomethyl ether market, influencing production, demand, and industry dynamics in various ways.

Geopolitical Tensions (2018-2019): The geopolitical tensions during this period contributed to slight increase in costs, disrupted supply chains, and uncertainty in market dynamics for propylene glycol monomethyl ether.

Methodology and Specifications

propylene glycol monomethyl ether Pricing Assessment Research Methodology

Data Collection and Sources

Real-Time Market Data: aggregates real-time pricing data from a diverse range of sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our assessments reflect the most current market conditions.

On-the-Ground Intelligence: Our team gathers insights directly from key market participants, including producers, suppliers, traders, and end-users, across major PGME production hubs. This ground-level intelligence is crucial for understanding localized market dynamics.

Supply Chain Monitoring: We track the entire PGME supply chain, from raw material availability (e.g., propylene oxide and methanol) to production and distribution channels. This includes monitoring feedstock prices, production capacities, and transportation logistics.

Event Tracking and Impact Analysis

Geopolitical Tensions: continuously monitors global geopolitical developments, such as conflicts or trade disputes, which can significantly impact PGME prices. Our analysis includes potential disruptions to supply chains and their immediate and long-term effects on pricing.

Natural Disasters and Climate Events: We assess the impact of natural disasters, such as hurricanes or winter storms, on PGME production facilities, particularly in vulnerable regions like the U.S. Gulf Coast. These events are factored into our price forecasts and supply outlooks.

Economic Shifts: evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand (e.g., automotive, packaging), to predict shifts in PGME demand and corresponding price movements.

Production Capacity and Supply Analysis

Current Production Monitoring: We maintain a comprehensive database of global PGME production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to assess current supply availability accurately.

Future Capacity Projections: Our research includes detailed forecasts of upcoming PGME production capacities, factoring in new plant constructions, expansions, and technological advancements. This helps in predicting future supply trends and potential price stabilization.

Demand Forecasting

Sectoral Demand Analysis: provides in-depth analysis of demand trends across key sectors, including packaging, automotive, and construction. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments.

Global Demand Dynamics: Our methodology considers regional demand variations and how they influence global PGME pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations.

Pricing Model Development

Dynamic Pricing Models: utilizes advanced econometric models to forecast PGME prices, incorporating real-time data, historical trends, and projected market conditions. Our models are continuously refined to enhance accuracy and predictive power.

Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions. This includes best-case, worst-case, and most likely scenarios, helping our clients prepare for a range of market outcomes.

Reporting and Client Support

Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to be actionable, providing clear insights and recommendations.

Ongoing Support: offers continuous updates and personalized support to our clients, ensuring they have the most up-to-date information to make informed decisions. Our experts are available to discuss specific market developments and provide tailored advice.

This research methodology ensures that delivers the most accurate, timely, and actionable PGME pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.

Specifications

Molecular Weight[g/mol]

90.1 g/mol

CAS No

107-98-2

HS Code

29094900

Molecular Formula

C4H10O2

propylene glycol monomethyl ether

Propylene Glycol Monomethyl Ether (PGME) is a versatile solvent used in paints, coatings, cleaners, and pharmaceuticals. It is produced from propylene oxide, derived from petroleum or natural gas, and methanol. PGME offers excellent solvency, low evaporation rate, and compatibility with various formulations, making it ideal for industrial and consumer applications.

Packaging Type

Drum

Grades Covered

Industrial Grade

Incoterms Used

FOB China, FOB Taiwan, CIF Nhava Sheva (Taiwan), CIF Haiphong (Taiwan), CIF Manila (China), CIF Mersin (China), CIF Santos (China)

Synonym

Methoxy Propanol

Quotation Terms:

20-25 MT(India) 25-28 MT (Global)

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	Test Method
Acidity, wt. % as Acetic Acid, max	0.01	ASTM E-202; USP XXI
Water Wt.%, max	0.10	ASTM E-202; E-203
Color, APHA, max	10	ASTM E-202; D-1209
GC Purity wt.%, min	99.5	ACC 8314
Appearance	Clear
PM -2 Isomer wt. % max.	0.49 0.29 in EU

Applications

Propylene glycol monomethyl ether (PGME) is widely utilized as a solvent in various industries. In the realm of paints and coatings, it plays a crucial role in water-based formulations, effectively dissolving a broad range of substances while enhancing flow and leveling properties. Additionally, PGME serves as a key solvent in many cleaning products, where it effectively dissolves oils, greases, and other residues. In personal care items such as shampoos and lotions, PGME functions both as a solvent and a humectant, helping to retain moisture. The pharmaceutical industry also benefits from PGME, using it as a solvent for active ingredients in various drug delivery formulations. In the formulation of adhesives and sealants, it enhances performance and application characteristics. Furthermore, PGME is essential in ink production, contributing to improved pigment dispersion and overall print quality. In the textile industry, it aids in dyeing and finishing processes, facilitating better color uptake, and handling of fabrics. Lastly, PGME finds applications in electronics, where it is used both in the manufacturing of certain components and in cleaning processes.

Disclaimer

Propylene Glycol Monomethyl Ether price provided by is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for propylene glycol monomethyl ether. disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

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Frequently asked questions

How raw material costs, production methods, and geopolitical factors affect overall pricing? +

The cost of PGME is influenced by the price of its key raw materials, such as propylene glycol, which can fluctuate based on market demand and supply disruptions. Additionally, changes in energy prices and regulatory conditions can also impact production costs, leading to price variations in PGME.

How can we ensure a reliable supply of PGME? +

Ensuring a stable supply involves partnering with reputable suppliers who have robust logistics networks. It is wise to diversify your supplier base to mitigate risks associated with potential shortages or disruptions. Building strong relationships with suppliers can also help secure consistent availability.

What should we expect in terms of price fluctuations for PGME in the near future? +

The market for PGME is subject to variability due to increasing demand in various sectors like coatings and personal care. While it is difficult to predict exact price movements, staying informed about market trends and maintaining open communication with suppliers can help you anticipate changes and adjust your purchasing strategies accordingly.