In the Asian region, Propane-1,2-diol encountered varied price movements during the initial half of 2023. China’s market rebounded as lockdowns eased, boosting the construction sector and Propane-1,2-diol demands in Q1. Despite a positive price trend, excess supply and sluggish construction tempered the market’s momentum in Q2, leading to price declines.
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Similarly, Europe’s Propane-1,2-diol market faced subdued conditions due to ongoing economic challenges, resulting in low demands and a sombre market outlook. North America experienced price fluctuations in 2023, with initial declines followed by modest stabilization due to increased downstream needs. Nonetheless, the US economic woes influenced trade, contributing to a downturn in Propane-1,2-diol prices by Q2’s end.
Definition
Propane-1,2-diol, also known as propylene glycol, is a chemical compound with the molecular formula C3H8O2. It is a clear, odourless liquid with various industrial applications. It is commonly used as a solvent, antifreeze, and in the production of plastics, cosmetics, food, and pharmaceuticals due to its ability to retain moisture and prevent freezing.
Key Details About the Propane-1,2-diol Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Propane-1,2-diol in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Propane-1,2-diol Price chart, including India Propane-1,2-diol price, USA Propane-1,2-diol price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Propane-1,2-diol Price Trend:
Propane-1,2-diol finds essential industrial applications as a versatile solvent, antifreeze, and humectant in products ranging from cosmetics and pharmaceuticals to food and beverages. Its ability to retain moisture and prevent freezing makes it invaluable in the production of plastics, paints, and personal care items, enhancing texture, stability, and performance.
Key Players:
- The Dow Chemical Company
- LyondellBasell Industries N.V.
- BASF SE
- Archer Daniels Midland Company
- Global Bio-chem Technology Group Co., Ltd
- DuPont Tate
- Lyle Bio Products
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