In the first half of 2023, Dipropylene Glycol prices displayed distinct trends across regions. In Asia, a Q1 rise in demand from chemical, pharma, and cosmetic sectors, coupled with limited supply due to pandemic-related production halts in 2022, led to initial price escalation. However, with restored inventories and waning global demand, prices declined in Q2. Europe faced economic challenges due to the Russia-Ukraine conflict, causing supply chain disruptions and economic recession, resulting in bearish market sentiments. North America experienced price fluctuations aligned with downstream demand, occasionally spiking due to procurement inquiries. Overall, mixed market sentiments characterized Dipropylene Glycol’s trajectory.
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Definition
Dipropylene Glycol is a chemical compound with a wide range of applications. It is a type of glycol that belongs to the propylene glycol family. With various industrial uses, it acts as a solvent, emulsifier, and humectant. Its properties make it valuable in industries such as cosmetics, pharmaceuticals, and chemicals, where it aids in maintaining product consistency, stability, and moisture retention.
Key Details About the Dipropylene Glycol 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 Dipropylene Glycol 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 Dipropylene Glycol Price chart, including India Dipropylene Glycol price, USA Dipropylene Glycol 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 Dipropylene Glycol Price Trend:
Dipropylene Glycol finds key industrial uses across sectors like cosmetics, pharmaceuticals, and chemicals. It serves as a versatile solvent and emulsifier, enabling consistent formulations in cosmetics and personal care products. In the pharmaceutical industry, it aids in stabilizing formulations and enhancing drug delivery. Additionally, it plays a crucial role in chemical processes, acting as a solvent, diluent, and coupling agent in various applications.
Key Players:
- Royal Dutch Shell Plc
- LyondellBasell Industries Holdings B.V
- The Dow Chemical Company
- Solventis
- Sumitomo Corporation
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