Get the latest insights on price movement and trend analysis of Butyl Glycol in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Butyl Glycol Price Trend for the H1 of 2023
In the first quarter of 2023, the price trend of butyl glycol inclined as the positive demand dynamics of the downstream sector and costly imports from the European region raised the prices of butyl glycol. The level of stockpiles in the region also declined as the demand depleted the product's availability in the market, and some manufacturers and traders struggled to meet the demand.
However, in the second quarter, the price trend began to decline as the cost support from the raw material prices began to fall. In addition to this, the demand for the product also remained stagnant, and producers had to cut down their operation rates to curb the falling demand that caused the downfall of the prices of butyl glycol.
In the first two quarters of 2023, the price trend of butyl glycol followed a southward trajectory as the region suffered from the dooming shadows of recession and slow trade in the region. Further, the exports from the region also remained low. Additionally, the crude oil and petrochemical industries saw volatility in their market, and downstream industries also struggled to keep their demand at usual levels, which ultimately led to a fall in the prices of butyl glycol.
Weak market fundamentals and a significant level of inventories in the region led to the rise in market uncertainties in the North American region. In addition, the producers also had to reduce their production output and price quotations in view of the market conditions.
The trade activities in the region also slowed down, and due to the reduced number of offtakes from commercial and household cleaning products, the butyl glycol market was caused to move southwards.
According to Procurement Resource, the price trends for butyl glycol are estimated to showcase a fluctuating trend as the global market dynamics seem weak, and the demand from the end-user sector also appears to be stagnant.
Procurement Resource provides latest prices of Butyl Glycol. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Butyl glycol, commonly referred to as 2-butoxyethanol, has the molecular formula C4H9OCH2CH2OH. It has a light, sweet scent and is a transparent, colorless liquid. In numerous industrial applications, including paints, coatings, cleaning supplies, and chemical processing where it is frequently employed as a solvent. It has great dissolving capabilities, which make it excellent in mixing and dissolving various substances. However, because of the potential health risks, it should be treated carefully.
|Product Name||Butyl Glycol|
|Industrial Uses||Cleaning products, Metal cleaning surfaces, Printing inks, Paints and coatings|
|Molecular weight||118.17 g/mol|
|Supplier Database||Nippon Nyukazai Co Ltd, Sasol Ltd, Lyondell Basell industries N.V., Eastman Chemical Corporation, Asia Pacific Petrochemicals Co Ltd, Dow Chemical Company, BASF SE, INEOS|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
In ethoxylation, ethylene oxide is reacted with any regular alcohol, like butanol, in the presence of a catalyst. If the ratio of ethylene oxide to n-butanol exceeds 1, di- or tri-ethylene glycol monoethers may be produced. The contaminants are subsequently taken out of the mixture, which is then cleansed and collected.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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