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Diethylene Glycol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A22384
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Diethylene Glycol (DEG) Prices December 2023
| Product | Category | Region | Price |
|---|---|---|---|
| Diethylene Glycol | Chemical | USA | 760 USD/MT |
| Diethylene Glycol | Chemical | South Korea | 651 USD/MT |
| Diethylene Glycol | Chemical | Germany | 870 USD/MT |
| Diethylene Glycol | Chemical | Saudi Arabia | 610 USD/MT |
The price of diethylene glycol (DEG) in the United States for Q4 2023 reached 760 USD/MT in December. The market in the United States witnessed a slight increase in DEG prices during October and November, followed by a decrease in December.
The price of diethylene glycol (DEG) in South Korea for Q4 2023 reached 651 USD/MT in December. The market in South Korea witnesses a bullish trend, driven by firm demand, reduced supply, and consistent production.
The price of diethylene glycol (DEG) in Germany for Q4 2023 reached 870 USD/MT in December. The market in Germany witnessed a decline in demand driven by persistent inflationary pressures comma weak microeconomic activities and a decrease in the consumer price index.
The price of diethylene glycol (DEG) in Saudi Arabia for Q4 2023 reached 610 USD/MT in December. The market in Saudi Arabia witnessed a decline in prices due to the sluggish demand from the polyester resin industry and the cautious outlook of the antifreeze sector.
Diethylene Glycol (DEG) Price Trend, Market Analysis, and News
IMARC’s newly published report, titled Diethylene Glycol (DEG) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data, offers an in-depth analysis of diethylene glycol (DEG) pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing diethylene glycol (DEG) price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Diethylene Glycol (DEG) Market Analysis
The global diethylene glycol (DEG) market size reached 3.3 Million Tons in 2023. By 2032, IMARC Group expects the market to reach 4.7 Million Tons, at a projected CAGR of 3.90% during 2023-2032.
- The extensive use of DEG as a plasticizer in the production of plastics and resins represents one of the key factors influencing the growth of the market across the globe. The rising plastic industry, especially in emerging countries, is boosting the demand for DEG. According to the Plastic Soup Foundation, from 2 million tons in 1950 to over 390 million in 2021. These are the figures from the plastic industry itself, but they do not include synthetic fibers, so the real production is a lot higher. More than half the total amount of plastic produced was only brought to market after 2000. The expectation is that production will have quadrupled (compared to 2019) to about 1480 million tons by 2050.
- The expansion of the automotive industry, along with the increasing demand for DEG in the automotive industry for manufacturing brake fluids, coolants, and antifreeze products is contributing to the growth of the market. The rising automotive production and the increasing demand for vehicles are fueling the growth of the market. For instance, in March 2023, ExxonMobil announced to invest nearly INR 900 crore (USD$110 million) to build a lubricant manufacturing plant at the Maharashtra Industrial Development Corporation’s Isambe Industrial Area in Raigad. The company announced the presence of Deputy Chief Minister Devendra Fadnavis, Industry Ministry Uday Samant, and senior officials from Maharashtra.
- The rising demand for DEG as a conditioning agent in the textile industry to make fabrics easier to work with is acting as a major growth-inducing factor in the market. The expanding textile industry is further supporting the demand for DEG. For instance, in September 2023, Arvind Ltd, the largest textile manufacturer in India, announced to invest over Rs.100 Crore in Uttar Pradesh (UP) and build a clothing plant in Varanasi. The effort is likely to directly employ 2000 women. This is the Ahmedabad-based company’s first manufacturing operation in Uttar Pradesh.
- The increasing use of DEG in personal care products and pharmaceuticals as a solvent and humectant, stabilizing formulation, and retaining moisture is further facilitating the growth of the market.
Diethylene Glycol (DEG) News
The report covers the latest developments, updates, and trends impacting the global diethylene glycol (DEG) market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in diethylene glycol (DEG) production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.
Latest developments in the diethylene glycol (DEG) industry:
- In December 2023, Nan Ya Plastics, a prominent player within Taiwan's Formosa Group, made a significant stride in its operational portfolio with the recent launch of cutting-edge bisphenol A production line in Ningbo, located in the Zhejiang province of China.
- In September 2023, Huntsman Corporation announced construction has commenced on the 30-ton MIRALON carbon nanotube Materials plant, originally announced at Huntsman's 2021 Investor Day event. The new plant, which converts methane gas to carbon nanotubes and clean-burning hydrogen, will be one largest of its kind in the Americas.
Product Description
Diethylene glycol (DEG) refers to odorless, colorless, and hygroscopic liquid with a sweetish taste. This liquid is a sort of organic compound known as a diol which means it contains two hydroxyl (-OH) groups.
DEG is derived from the partial hydrolysis of ethylene oxide, which results in the formation of several glycols, such as DEG.
Diethylene glycol is miscible with water, alcohol, ether, acetone, and most organic solvents, thereby making it versatile for various industrial applications.
The significant utilization of DEG is as a solvent, with key applications in the production of resins, plasticizers, and polyurethanes. DEG is also used in the manufacture of brake fluid, wallpaper strippers, and as a humectant in tobacco, inks, and glue.
DEG is employed in the textile industry to condition fabrics and in the medical field to stabilize pharmaceutical compounds.
Regional Coverage
The report provides a detailed analysis of the diethylene glycol (DEG) market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the price trends.
Global Diethylene Glycol (DEG) Price
The report offers a holistic view of the global diethylene glycol (DEG) pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.
Europe Diethylene Glycol (DEG) Price
The European region in the diethylene glycol (DEG) market has experienced a challenging period due to a decrease in demand from the downstream polyester resin plastic sectors, which exerted downward pressure on DEG prices. This decline was primarily due to the weakening fundamentals in these industries and customer uncertainty. Moreover, the oversupply conditions in the region as European producers limited supply to align with subdued demand and prevent excess inventories which led to a competitive market where suppliers resorted to selling inventories at discounted prices.
This analysis can be extended to include detailed diethylene glycol (DEG) price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| 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, among other European countries. |
North America Diethylene Glycol (DEG) Price
In North America, the diethylene glycol (DEG) market has witnessed a mix of challenges and opportunities. The market was primarily affected by disruptions in both demand and supply, leading to fluctuating prices. The overall supply of DEG in the region remained low to moderate with concerns about sluggish growth in production due to a decrease in new orders and subdued export markets. Moreover, moderate to high demand was experienced from various industries including the antifreeze sector which showed signs of gradual recovery. However, there was a sluggish demand from downstream polyester resin and plastic sectors.
Specific data on diethylene glycol (DEG) prices within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Diethylene Glycol (DEG) Price
The diethylene glycol (DEG) market in the Middle East and Africa (MEA) region has witnessed several challenges due to a significant decrease in prices. This decline can be attributed to weak demand from downstream industries such as polyester resin and plasticizers, as well as the overall economic situation in the region. Moreover, the market experienced a decrease in demand from the antifreeze sector, further contributing to the downward pressure on prices.
In addition to region-wise data, information on diethylene glycol (DEG) prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East and Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Aisa Pacific Diethylene Glycol (DEG) Price
The diethylene glycol (DEG) pricing in the Asia Pacific region experienced a mixed trend attributed to firm demand from the domestic market. The supply of DEG remains low due to reduced availability of products in the global market, heightened feedstock prices, and surplus material availability, leading to a narrowed gap between demand and supply. Moreover. The market achieved a balance due to consistent feedstock supply and uninterrupted production. No plant shutdowns were reported during the quarter.
This analysis can be further extended to include detailed diethylene glycol (DEG) prices for a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Diethylene Glycol (DEG) Price
The analysis of diethylene glycol (DEG) prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Diethylene Glycol |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, 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* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of diethylene glycol (DEG) pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting diethylene glycol (DEG) price volatility, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights, ensuring they remain at the forefront of the diethylene glycol (DEG) industry.
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