propylene glycol Pricing Assessment

Name: Propylene Glycol Price Trend, Analysis and Forecast
Creator: PriceWatch
Published: 2025-02-12T06:54:35+00:00
License: https://www.price-watch.ai/privacy-policy/

Markets Covered:

China

India

Saudi Arabia

United Arab Emirates

Egypt

Turkey

France

Belgium

Propylene Glycol Price Trend, Analysis and Forecast

In Q1 2024, propylene glycol prices in the APAC region fluctuated around a 2% decrease compared to Q4 2023. Major exporting countries like China saw a slight decrease in prices, influenced by changes in supply and demand, production costs, and inventory levels. The primary export markets for China included India, UAE, Egypt, and Turkey. In the Middle East, propylene glycol prices increased by around 5% compared to Q4 2023, with Saudi Arabia being a major exporter to the UAE and Turkey. The rise in prices in the Middle East could be attributed to robust demand from the automotive, construction, and consumer goods sectors.

In Q2 2024, propylene glycol prices in the APAC region experienced a notable 8% decrease compared to Q1 2024. This decline was linked to increased production and higher demand for vehicles, driving consumption of propylene glycol in antifreeze, coolants, and other automotive applications. In the Middle East, prices decreased by around 3% compared to Q1 2024. This decrease could be due to manufacturers ramping up production to meet earlier demand, leading to a temporary oversupply and price reduction. Additionally, the easing of raw material costs contributed to the price drop.

In Q3 2024, the demand for propylene glycol in both the APAC and Middle East regions is expected to remain strong, driven by growth in automotive, construction, consumer goods, and pharmaceuticals. In the APAC region, robust vehicle production and ongoing infrastructure projects will continue to drive demand for propylene glycol in antifreeze, coolants, concrete additives, and other construction materials. In the Middle East, sustained demand from similar sectors will likely keep the market stable, with pricing dynamics influenced by supply chain factors and broader economic conditions. Prices in both regions may stabilize, though fluctuations in raw material costs or external economic factors could still impact the market.

In Q4 2024, propylene glycol prices in both regions are expected to stabilize. In the APAC region, sustained demand across automotive, construction, consumer goods, and pharmaceuticals will likely help maintain steady prices, influenced by market dynamics such as supply chain efficiencies and global economic conditions. In the Middle East, prices could stabilize as supply and demand align, especially if production capacities are managed effectively. Economic conditions, including inflation rates and consumer behavior, along with any geopolitical factors, may continue to shape the market. Changes in raw material prices will remain a key factor influencing production costs and overall pricing trends.

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is your trusted resource for tracking global propylene glycol 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 market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, keeps you fully informed of market dynamics.

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Track 's propylene glycol 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 prices

Russia-Ukraine Conflict (2022): The Russia-Ukraine conflict, which escalated significantly in 2022, has had various impacts on global supply chains, including the prices of chemicals like propylene glycol. The conflict affected the supply of raw materials and energy resources, which are critical for producing propylene glycol. This led to increased production costs. The uncertainty surrounding the conflict resulted in price volatility for many chemicals, including propylene glycol, as suppliers adjusted to fluctuating costs and demand

Texas Winter Storm (2021): The extreme cold caused many chemical plants and refineries in Texas to shut down or operate at reduced capacity, disrupting the supply of propylene glycol and its raw materials. The cold weather increased demand for propylene glycol in antifreeze and de-icing products, further straining supply. The combination of supply disruptions and heightened demand led to sharp price increases for propylene glycol. Prices surged due to scarcity and increased production costs.

COVID-19 Pandemic (2020): As supply constraints developed and demand from sanitizers grew, prices began to rise later in 2020, leading to increased costs for manufacturers and consumers.

Geopolitical Tensions (2018-2019): Tariffs and trade disputes between the U.S. and China led to increased costs for raw materials and finished products, affecting the chemical industry and driving up prices for propylene glycol. Tensions in regions like the Middle East influenced global oil and gas prices, impacting production costs for petrochemical products, including propylene glycol

Shale Gas Boom (2010s): the shale gas boom stimulated growth in the U.S. chemical sector, leading to increased production of propylene glycol and related products. The U.S. became a more competitive player in the global market, exporting propylene glycol and benefiting from favorable pricing dynamics.

Global Financial Crisis (2008-2009): The economic downturn led to reduced demand for many industrial products, including propylene glycol, as industries like automotive, construction, and consumer goods scaled back operations. As demand weakened, prices for propylene glycol experienced significant declines. Many producers faced pressure to lower prices to stimulate sales and manage inventory.

Hurricane Katrina (2005): The hurricane caused extensive damage to chemical plants and infrastructure in the Gulf Coast region, leading to temporary closures and operational halts. Damage to transportation networks, including ports and roads, disrupted the supply chain for propylene glycol, affecting both production and distribution

These events underscore the Propylene Glycol market’s vulnerability to global disruptions and highlight the need for continuous monitoring of supply-demand dynamics.

Methodology and Specifications

propylene glycol Pricing Assessment Research Methodology

Data Collection and Sources

Real-Time Market Data: PriceWatch 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 Propylene Glycol production hubs. This ground-level intelligence is crucial for understanding localized market dynamics.

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

Event Tracking and Impact Analysis

Geopolitical Tensions: PriceWatch continuously monitors global geopolitical developments, such as conflicts or trade disputes, which can significantly impact Propylene Glycol 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 Propylene Glycol 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: PriceWatch evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand (e.g., Food sector, pharmaceutical), to predict shifts in Propylene Glycol demand and corresponding price movements.

Production Capacity and Supply Analysis

Current Production Monitoring: We maintain a comprehensive database of global Propylene Glycol 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 Propylene Glycol 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: PriceWatch provides in-depth analysis of demand trends across key sectors, including packaging, food sector, and cosmetics sector. 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 Propylene Glycol pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations.

Pricing Model Development

Dynamic Pricing Models: PriceWatch utilizes advanced econometric models to forecast Propylene Glycol 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: PriceWatch 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 PriceWatch delivers the most accurate, timely, and actionable Propylene Glycol pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.

Specifications

Molecular Weight[g/mol]

76.094

CAS No

57-55-6

HS Code

29022000

Molecular Formula

C3H8O2

propylene glycol

Propylene Glycol is a colorless, odourless, and moisture-absorbing liquid utilized in food, pharmaceuticals, cosmetics, and industrial sectors. It functions as a solvent, moisturizer, and antifreeze agent. The main feedstock for propylene glycol is propylene oxide, which undergoes a hydration reaction with water. It is widely used in producing plastics, personal care products, and food additives.

Packaging Type

Drum

Grades Covered

Industrial Grade, Pharma Grade

Incoterms Used

FOB Saudi Arabia, FOB China, FOB MARSEILLE, FD Antwerp CIF Jebbel Ali (China), CIF Alexandria (China), CIF Nhava seva (China), CIF Haydarpasa (China), CIF Jebbel Ali (Saudi Arabia)

Synonym

1,2-dihydroxypropane

Quotation Terms:

25-28 MT

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	Typical value
Molecular weight (g/mol)	76.10
Boiling point, 101.3 kPa (1 atm)	187.4°C (369.3°F
Viscosity, 25°C (77°F) 60°C (140°F)	48.6 centipoise (mPa.s) 8.42 centipoise (mPa.s)
Flash point, Pensky-Martens Closed Cup	104°C (220°F)
Specific gravity 20/20°C (68/68°F) 25/4°C (77/39°F) 60/4°C (140/39°F	1.038 1.033 1.007
Flash point	104°C (220°F)

Applications

It is used in the production of antifreeze, heat exchanger resin and diol derivatives, and is also used as a solvent, plasticizer and wetting agent. Used in automotive and industrial cooling systems due to its low freezing point and high boiling point. Serves as a raw material in the production of plastics, resins, and other chemicals. Propylene Glycol USP/EP is a widely used ingredient in pharmaceutical, food, cosmetic, personal care, flavors and animal feed applications; an overview of typical uses of PG USP/EP Pharmaceuticals – Solvent for active ingredients in oral, and topical products. Cosmetics & Personal Care – Solvent, coupling agent, carrier, emulsion stabilizer, softening agent, viscosity modifier and humectant in many types of cosmetics and personal care products such as skincare, sun care, shampoo, bath/shower products, toothpastes, mouthwashes, shaving products and baby care products. Flavors & Fragrances – Solvent and extraction solvent of flavors and fragrances for applications in food, beverages, perfumes and cosmetics.

Disclaimer

Propylene Glycol 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. 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

What factors determine the price of propylene glycol? +

The price of propylene glycol is influenced by several factors, including raw material costs, particularly propylene, and production methods. Fluctuations in energy prices, supply chain dynamics, and seasonal demand from industries such as food and beverages, pharmaceuticals, and cosmetics also play a crucial role. Additionally, regulatory changes and market trends can lead to price volatility.

How do supply chain disruptions affect propylene glycol pricing? +

Supply chain disruptions, such as transportation delays, natural disasters, or geopolitical issues, can significantly impact the availability of propylene glycol. These disruptions may lead to increased shipping costs and potential shortages, causing prices to rise. Procurement heads should monitor global events and logistics to anticipate price changes and ensure a stable supply.

What strategies can be employed to manage the procurement costs of propylene glycol? +

To manage procurement costs for propylene glycol, teams can adopt several effective strategies:

Long-Term Agreements: Establishing long-term contracts with suppliers can help lock in prices and ensure consistent supply.

Market Analysis: Regularly analyzing market trends and forecasts allows for informed purchasing decisions, optimizing timing for orders.

Diversifying Suppliers: Engaging multiple suppliers reduces dependency on a single source, mitigating risks associated with price fluctuations and supply disruptions.

Bulk Purchasing Options: Buying in bulk can yield cost savings, especially during periods of favorable pricing.