In the first half of 2023, the polypropylene glycol market across Asia Pacific, Europe, and North America exhibited fluctuations due to varying feedstock dynamics and sector demands. In Asia, feedstock propylene glycol’s price changes influenced polypropylene glycol prices, bolstered by pharmaceutical and cosmetic sector demand in Q1, but slowed by reduced orders and demand in Q2. Europe saw mixed trends due to low demand, high stocks, and tight supply dynamics, while North America experienced oscillating trends tied to feedstock costs and strong demand from pharmaceutical industries. Rising inflation and interest rates in Q2 posed challenges, leading to declining polypropylene glycol prices.
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Definition
Polypropylene glycol (PPG) is a synthetic polymer consisting of repeating propylene oxide units. It’s a clear, viscous liquid with a slightly sweet taste and is soluble in water. PPG exhibits low toxicity and is chemically stable. It possesses lubricating and hygroscopic properties, making it suitable for various applications. PPG is utilized as a polyol in polyurethane formulations, in personal care products for its humectant properties, as a base material in lubricants and hydraulic fluids, and in various chemical processes due to its versatility and functional characteristics.
Key Details About the Polypropylene 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 Polypropylene 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 Polypropylene Glycol Price chart, including India Polypropylene Glycol price, USA Polypropylene 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 Polypropylene Glycol Price Trend:
Polypropylene glycol (PPG) finds a range of industrial applications due to its unique properties. In the polyurethane industry, it serves as a polyol component in the production of foams, coatings, adhesives, and elastomers, enhancing their flexibility, durability, and insulation. PPG is utilized in the manufacture of hydraulic fluids and lubricants, contributing to their lubricating properties and thermal stability. It’s a common ingredient in personal care products, such as cosmetics, shampoos, and lotions, acting as a humectant for moisturization. Additionally, PPG is used in the chemical industry as a versatile solvent, additive, and reactant, and in the production of various synthetic resins and plastics.
Key Players:
- Lyondell Basell Industries Holdings B.V.
- INEOS
- BASF SE
- Repsol
- Dow
News and recent development:
According to a government document reviewed by Reuters, India ordered pharma producers to stop using propylene glycol obtained from the Delhi-based company that provided the component to Marion Biotech, whose cough syrups were connected to the deaths of 19 children in Uzbekistan. In December, Uzbekistan claimed that Marion’s cough syrups, Ambronol and DOK-1 Max, which were contaminated with unacceptable levels of diethylene glycol or ethylene glycol, caused the children’s deaths.
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