Renewed fighting between US and Iran has slowed shipping through the Gulf of Hormuz, disrupting supply routes. Benchmark crude prices have climbed sharply from pre-conflict levels, reflecting heightened geopolitical risk. The upward price pressure is likely to continue while tensions persist.
Rising U.S. demand for Korean cosmetics, fueled by retail expansion and social media, is accelerating. The category's lower price points compared with prestige skincare risk pulling down average spending in the cosmetics market as consumers shift toward more affordable options.
Asia
The Asian Polypropylene Glycol market trended lower during the first quarter of 2025, following the movements of its upstream market. While energy costs showed occasional upward movement, they were insufficient to drive prices higher. Instead, high inventory levels and limited restocking activity kept the market under pressure. Production rates remained high, but increased availability was met with only moderate downstream demand.
Temporary supply disruptions led to brief price adjustments; however, the overall trend remained bearish. According to the Polypropylene Glycol price analysis, market sentiment in the region remained weak, with trade volumes below average and buyers maintaining a cautious stance. The Polypropylene Glycol price graph reflected this sluggishness, showing a gradual but consistent decline.
Europe
In Europe, the quarter began with a steady upward movement in Polypropylene Glycol prices, driven by tight supply and limited import shipments. Delays from overseas suppliers and local plant outages restricted purchasing options, resulting in temporarily firm prices. However, as the quarter progressed, the arrival of cargoes and stabilization of domestic production led to a shift in market dynamics.
Buyers who had secured their requirements in advance reduced their market activity, while demand outside the packaging sector remained weak. Key industries, particularly automotive and construction, continued to face challenges, leading to an overall decline in demand levels. The Polypropylene Glycol price database indicated a price correction in the latter half of the quarter, as sellers adjusted offers to reflect the weaker market outlook.
North America
The North American Polypropylene Glycol market followed a positive trend during the first quarter of 2025. The Polypropylene Glycol price curve exhibited a gradual upward movement, aligning with the trend of the upstream market. The market did not experience sharp fluctuations, instead maintaining a steady climb. Supply remained tight but manageable, while demand was strong, particularly from the packaging and manufacturing sectors.
Most purchasers accepted higher offers with minimal resistance, and contract negotiations remained stable. As per the Polypropylene Glycol price analysis, this region displayed the most predictable price trend, characterized by stable production, strong end-use demand, and the absence of sudden fluctuations, resulting in a firm and well-supported market.
Analyst Insight
According to Procurement Resource, Polypropylene Glycol prices are expected to remain range-bound in the coming months, closely aligning with trends in the upstream market. This stability will be influenced by the fluctuations in the upstream propylene market.
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Asia
The price trajectory of polypropylene glycol showed an overall steady trend with occasional declines during Q3'24, closely resembling that of its feedstock, propylene oxide. Throughout the quarter, the polypropylene glycol market witnessed range-bound oscillations, with some sudden dips primarily due to falling prices of upstream propylene. Market sentiment toward other propylene derivatives turned increasingly pessimistic towards the end of the quarter, influenced by weak demand in the propylene sector.
The downstream procurement market adopted a wait-and-see attitude, focusing on on-demand purchasing of raw materials. While new orders and an increase in order volume initially sparked enthusiasm among manufacturers, this optimism was not sustained, as the fall in upstream prices led buyers to expect further price declines. Overall, market sentiment remained weak, but prices stayed relatively stable.
Europe
In a slight contrast to the Asian market, the European polypropylene glycol market maintained a positive outlook in Q3'24, with prices rising despite weak demand. The primary driver behind this price increase was the rising cost of upstream propylene, caused by constrained supply due to reduced shipping cargo availability and lower domestic production. This, in turn, pushed production costs higher, ultimately squeezing manufacturers' profit margins. Overall, prices were supported by the rising cost of upstream raw materials, even amidst low downstream demand.
North America
The North American propylene market experienced oscillating prices, mirroring global trends. Initially, market sentiment was positive; however, in September, influenced by declining propylene prices in the Asian market, a downward shift occurred. Demand for polypropylene glycol softened as market participants anticipated further price declines. Additionally, logistical challenges arose from seasonal hurricanes, disrupting production at some facilities. While these storms temporarily halted operations, the impact was limited, and supply levels were restored relatively quickly. Overall, the North American market continues to navigate these fluctuations as producers adjust to shifting conditions.
Polypropylene glycol belongs to the family of synthetic polymers that has propylene oxide as its repeating units. Polypropylene glycol is widely employed in the production of polyurethanes, foams, coatings, personal care products, lubricants, adhesives, and other related products. Its adaptability and high functionality make it a central ingredient in the various formulations.
HO(C3H6O)nC3H6OH
Polyurethane production, Plastics, Fuel additives, Antifoaming agents, Coolants and heat transfer fluids, Textile industry, Polymer additives
Lyondell Basell Industries Holdings B.V., INEOS, BASF SE, Repsol, Dow
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-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.
The reaction of propylene in chlorinated water yields chlorohydrin that on further reaction with sodium carbonate gives the final product of polypropylene glycol.
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