Dipropylene Glycol Monomethyl Ether Price Trend

Dipropylene Glycol Monomethyl Ether Prices December 2023

The price trend of dipropylene glycol monomethyl ether in the USA was 1635 USD/MT. The prices of dipropylene glycol monomethyl ether (DPGME) remained mixed but were generally increasing in the USA during the whole quarter. At first, prices declined as propylene feedstock prices stabilized. Further, the product experienced a reduced demand from the construction sector under the influence of higher mortgage rates. Nevertheless, the latter part of the quarter proved to be a price rally as prices increased and continued to rise due to high demand from the automotive and paint industries, festive season spending, and disruptions to the Panama Canal, which affected supply chains and import costs.

The price trend of dipropylene glycol monomethyl ether in China was 1505 USD/MT. In China, DPGME prices were mostly stable but with a slight consolidation during the quarter. At first, prices fell because of oversupply and the slow demand in the construction sector even though feedstock propylene costs grew. But as the quarter continued, the market improved with robust demand from the automotive and paint industries, supported by large propylene imports and economic activities within these industries. This, in turn, resulted in higher prices by December, implying a positive turn in the market dynamics in general.

The price trend of dipropylene glycol monomethyl ether in Germany was 833 USD/MT. Germany saw a fluctuating trend in the DPGME market throughout the quarter. Prices started going up in October on strong international demand and electric car sector surge, being sustained into November by expensive imports and high production costs. Nonetheless, December was a breakthrough month with prices falling due to reduced demand from downstream, cheaper feedstock, and economic downturns affecting the manufacturing sector as market sentiment was guarded.

Dipropylene Glycol Monomethyl Ether Price Trend, Market Analysis, and News 

IMARC’s newly published report, titled “Dipropylene Glycol Monomethyl Ether Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of dipropylene glycol monomethyl ether 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 price of dipropylene glycol monomethyl ether at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of dipropylene glycol monomethyl ether price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing dipropylene glycol monomethyl ether 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.

Dipropylene Glycol Monomethyl Ether Market Analysis

The global dipropylene glycol monomethyl ether market size reached 94.9 Thousand Tonnes in 2023. By 2032, IMARC Group expects the market to reach 126.1 Thousand Tonnes, at a projected CAGR of 3.20% during 2023-2032.

Dipropylene glycol monomethyl ether is a popular solvent in many industries because of its favorable chemical characteristics, including low toxicity, high boiling point, and good solvency. These attributes make DPGME an important ingredient in the formulation of paints, coatings, and cleaning products, which, in turn, is contributing to the market growth. As per Akzo Nobel India's annual report, the Indian paints and coatings industry is likely to reach Rs 1 lakh crore in the next five years from the current Rs 62,000 crore. Due to the softening of raw material prices, the paint industry's margins are also expected to improve. In the paint and coatings industry, DPGME’s role is crucial due to its ability to dissolve both water-soluble and hydrophobic substances, further improving the properties of coatings through better flow and architecture, which is essential in obtaining a smooth finish. The architectural segment dominates the industry as it accounts for around 69% of the paint consumption on a volume basis. Additionally, the ability of DPGME to stabilize formulations in cleaning products enables the development of more effective and versatile cleansing agents that can operate under various conditions. The trend towards more ecological and less poisonous solvent alternatives in industrial and household applications is further supporting the market growth of DPGME. While industries are becoming increasingly more interested in less harmful solvents as compared to the traditional ones, DPGME’s profile as a safer and more sustainable alternative is marketable. These market drivers are in line with bigger environmental and health regulations that continue to shape the transition into sustainable industrial practices. Furthermore, DPGME complies with rigid environmental regulations, eliminating regulatory barriers. Compliance facilitates its adoption, especially in areas with tough environmental regulations. DPGME is not considered to be a hazard under the GHS – the Global Harmonized System – on classification and labelling.

Dipropylene Glycol Monomethyl Ether News

The report covers the latest developments, updates, and trends impacting the global dipropylene glycol monomethyl ether 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 dipropylene glycol monomethyl ether production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the dipropylene glycol monomethyl ether price trend.

Latest developments in the dipropylene glycol monomethyl ether industry:

• In 2020, Manali Petrochemicals Ltd, a part of AM International Group, chalked out an expansion strategy for Propylene Glycol. They plan on raising their annual production capacity from 22,000 tons to 70,000 tons in two phases worth about Rs. 150 crores.
• In August 2021, Jiangsu Dynamic Chemical, a China-based company specializing in the research and production of ethylene oxide derivatives, struck a deal with Shell Catalysts & Technologies. Under this pact, Shell will provide ethylene oxide catalyst to Jiangsu Dynamic Chemical. The expected outcome of this joint venture is that it will ensure higher profit for Jiangsu Dynamic Chemical that deals with the production of chemical new materials and fine chemicals.

Product Description

Dipropylene glycol monomethyl ether (DPGME) is a solvent that is favored due to its universal characteristics and extensive applications. Chemically considered to be part of the glycol ether family, DPGME is known for its excellent solubility and low toxicity, which makes it popular across various industrial and consumer products. DPGME is particularly appreciated for its effect upon flow and levelling characteristics of some paint formulations, which promotes the final surface smoothness. Moreover, its stability and effectiveness in cleaning applications make it an essential ingredient of home and industrial cleaners. Apart from this, the Green profile and strict adherence of the product to the tough environmental standards add strength to its use and market growth.

Regional Coverage

The report provides a detailed analysis of the dipropylene glycol monomethyl ether market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast 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 dipropylene glycol monomethyl ether price trend.

Global Dipropylene Glycol Monomethyl Ether Price

The report offers a holistic view of the global dipropylene glycol monomethyl ether pricing trends in the form of dipropylene glycol monomethyl ether price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of dipropylene glycol monomethyl ether but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed dipropylene glycol monomethyl ether demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Dipropylene Glycol Monomethyl Ether Price

In Europe, the price of DPGME had mixed movements due to the different market forces. The period started with a considerable price improvement, spurred by strong international demand and intensive work on the propylene derivatives side, additionally boosted by the electric car revolution. This resulted in continuous high prices as expensive imports and high production costs due to the strong demand for feedstock propylene remained as a main driving force. Nonetheless, the market was later on hit by a downturn which was due to reduced demand in the downstream and a lukewarm hoarding sentiment. Feedstock propylene and crude oil price reductions brought a decrease in production costs that exerted do impulse. The economic woes of primary manufacturing economies multiplied these problems, which spilled over in industrial output, new orders, and export sales. This intricate combination of supply, demand, and general economic determinants led to a DPGME price reduction, which reinforces the necessity of careful market thought when moving forward.

This analysis can be extended to include detailed dipropylene glycol monomethyl ether price information for a comprehensive list of countries.

North America Dipropylene Glycol Monomethyl Ether Price

In North America, Dipropylene Glycol Monomethyl Ether (DPGME) market saw some mixed trends due to the different demands observed in various sectors and stable feedstock costs. At first, the prices dropped because of lower demand in the construction industry that was influenced by the increased mortgage rates and, hence, oversupply. In contrast, as the period went by, the prices recovered quite substantially due to the increasing demand from the automotive and paint industries, together with the festive season activities and home renovations. Later demand-supply imbalances, higher freight rates caused by accidents at the Panama Canal and robust construction and automotive activities led to additional price hikes, despite issues such as disruptions in shipping and port congestion. The sectoral demand changes and external logistic factors were the key drivers of the market dynamics.

Specific dipropylene glycol monomethyl ether historical data within the United States and Canada can also be provided.

Middle East and Africa Dipropylene Glycol Monomethyl Ether Price

The report explores the dipropylene glycol monomethyl ether pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on dipropylene glycol monomethyl ether prices for countries can also be provided. 

Asia Pacific Dipropylene Glycol Monomethyl Ether Price

In the Asia Pacific region, dipropylene glycol monomethyl ether (DPGME) prices were volatile for different reasons. Firstly, there was a drop because of an overhang and subsequent slowdown in demand from construction sector, which were additionally aggravated by major propylene plant turnaround, allowing to build up high stock level and bringing prices down. Toward the end of the period, the market was witnessed to a resilient stage driven by strong demand from the automobile sector and numerous inquires from overseas that caused the DPGME prices to soar. This increase was also supported by increased costs from propylene and high demand from the paint and coating sector. In general, the market dynamics included the initial abundance and slow demand, the recovery powered by the growth of the automotive industry and the external demand, factors creating an intricate combination of supply-demand imbalances and sectoral transformations.

This dipropylene glycol monomethyl ether price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Dipropylene Glycol Monomethyl Ether Price

The analysis of dipropylene glycol monomethyl ether 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.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of dipropylene glycol monomethyl ether 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 dipropylene glycol monomethyl ether price trend, 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. The dipropylene glycol monomethyl ether price charts ensure our clients remain at the forefront of the industry.