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Polyethylene Glycol (PEG) Price Trend and Forecast
Polyethylene Glycol (PEG) Price Trend and Forecast
Regional Market Overview
Get the latest insights on price movement and trend analysis of Polyethylene Glycol in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Polyethylene Glycol Price Trend for the H1 of 2023
Asia
Initially, the PEG prices kept stagnant, but as the period progressed, the prices declined gradually. The major factors affecting the prices were the slow movement of end-user industries and the excess availability of the product in the market. Additionally, the consumption rates of the consumers declined, and the feedstock prices also suffered from the ample availability in the region. As a result, weak support from the upstream sector and a smaller number of offtakes led to a decline in the price trend for polyethylene glycol.
Europe
The Polyethylene glycol market showcased a positive trend in the first two quarters of 2023. The price rose initially and then stabilized towards the end of the second quarter with some month-to-month fluctuations. The reduced availability of feedstock materials forced the manufacturers to reduce their production rates which eventually reduced the availability of polyethylene glycol in the region. Hence, with consistent demand and a rising number of offtakes, the price trend of polyethylene glycol inclined in the region.
North America
The prices of polyethylene glycol in North America mirrored the trend seen in the European region. The prices of the commodity were stable as the demand from the end-user cosmetics and related industries rose gradually. This steady demand reduced the stock availability, and as a result of this mismatch, the price trend of polyethylene glycol soared. In addition, the supply chain also got disrupted as several plants closed their production activities due to the initiation of the spring season. This further created shortages in the market, thereby exerting pressure on the polyethylene market.
Analyst Insight
According to Procurement Resource, the price of Polyethylene Glycol is expected to showcase a fluctuating trend in the upcoming quarters as the demand from the end-user industries is estimated to remain uncertain amid rising inflation rates.
Procurement Resource provides latest prices of Polyethylene Glycol (PEG). 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.
About
A versatile, water-soluble polymer made up of ethylene glycol repeating units is known as polyethylene glycol (PEG). PEG is used extensively in pharmaceuticals, cosmetics, and industrial applications and comes in a wide range of molecular weights. It serves as an excipient, lubricant, and non-toxic, biocompatible solubilizing agent in pharmaceuticals and personal care products.
PEG can enhance medication delivery systems by increasing drug solubility and bioavailability due to its hydrophilic nature. Additionally, PEG is used in industrial activities including the creation of antifreeze and as a stabilizing agent in a variety of chemical reactions. PEG is a crucial substance in numerous industries because of its adaptability, safety, and efficiency.
Product Details
| Report Features | Details |
| Product Name | Polyethylene Glycol (PEG) |
| Chemical Formula | H(OCH2CH2)nOH |
| Industrial Uses | Packing film, Insulation for wires and cables, Solar Cells, Medical implants |
| Molecular Weight | Variable |
| Synonyms | Polyglycol, Polyoxy ethylene |
| Supplier Database | Akzo Nobel N.V., BASF SE, The Dow Chemical Company, Liaoning Oxiranchem Inc, Clariant AG, INEOS Group Holdings S.A., Huntsman Corporation, Jiangsu Haian Petroleum Chemical Factory |
| 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.
Production Processes
The synthesis of propylene glycol is carried out using ethylene oxide. In this procedure, sodium hydroxide or potassium hydroxide act as catalysts while ethylene oxide and ethylene glycox react in their presence. Furthermore, polyethylene glycol is finally produced using suspension polymerization.
Methodology
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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