Article -> Article Details
| Title | Glycol Ether Price, Trend, Latest News, Analysis & Demand |
|---|---|
| Category | Business --> Chemicals |
| Meta Keywords | Glycol Ether Prices |
| Owner | stephenthomas |
| Description | |
| Glycol ethers are solvents derived from alkyl ethers of ethylene glycol or propylene glycol. Known for their excellent solvency, low volatility, and compatibility with both water and organic solvents, they play a crucial role in various industrial applications such as paints, coatings, cleaning products, and personal care items. The primary growth driver for the global glycol ether market is the rising demand from the paints and coatings sector, where glycol ethers enhance drying times and improve application smoothness. Additionally, their growing use in the production of personal care and cleaning products is boosting market expansion, owing to their effective solvency and relatively low toxicity. Technological advancements in production processes are further contributing to the market by enabling the creation of higher-quality, eco-friendly products that meet strict regulatory standards. Market trends also indicate a shift towards environmentally friendly and bio-based glycol ethers, spurred by increasing environmental concerns and regulations favoring sustainable practices.
Price of Glycol Ether in the Across Various Regions:
Global & Regional Factors Influencing Glycol Ether Prices Trend by the Last Quarter:Glycol Ether Price Trend in North America In the last quarter, Glycol Ether Price Trend in North America saw fluctuations due to several factors. Initially, demand was lower as the personal care sector reduced purchases ahead of the winter season. Mid-quarter, the El Niño phenomenon caused dry conditions, lowering water levels in the Panama Canal and reducing shipping rates. Meanwhile, a drop in the U.S. manufacturing sector’s PMI signaled slower demand. Toward the end of the quarter, improved ethylene supply and lower upstream costs further pushed prices down, although overall demand remained weak due to better shipping conditions. Glycol Ether Price Trend in the Asia-Pacific region In the APAC region, glycol ether prices declined towards the end of the last quarter due to weak demand. Initially stable due to balanced supply and demand, prices were affected by the shutdown of Yelchin NCC Co. Ltd Unit 3 in South Korea, which reduced feedstock availability. Additionally, sluggish demand from ink manufacturers and low orders from end-user industries placed further pressure on prices. Falling costs of upstream materials like ethylene, naphtha, and crude oil contributed to reduced production expenses, while increased inventories indicated weak demand from cleaning agents and personal care manufacturers. Glycol Ether Price Trend in Europe In Europe, glycol ether prices experienced similar fluctuations to those in North America. Prices initially rose due to volatile ethylene oxide costs and a maintenance shutdown at Sasol’s Marl facility. However, the mid-quarter saw reduced demand from the cleaning and personal care sectors, lowering feedstock ethylene consumption and production costs. Additionally, a drop in the Eurozone manufacturing PMI signaled declining consumption. By the end of the quarter, an economic slowdown and increased ethylene inventories led to lower inquiries and a further decrease in feedstock prices. Request For a Sample Copy of the Report: https://www.imarcgroup.com/glycol-ether-pricing-report/requestsample Price Trend Overview and Detailed Regional Analysis:
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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