Dipropylene Glycol Monomethyl Ether Prices

Dipropylene Glycol Monomethyl Ether Prices June 2024

The dipropylene glycol monomethyl ether prices in the United States for Q2 2024 reached 1850 USD/MT in June. The market experienced strong need from end-user sectors, including coatings, paints, and adhesives. A rise in vehicle sales and optimistic market sentiment supported purchasing momentum. Supply issues intensified with shutdowns for maintenance at major production facilities, particularly in Texas, which tightened availability. Seasonal factors like holiday procurement and construction activity added to the upward pressure on prices, highlighting the resilience of demand in the face of limited supply.

In China, the dipropylene glycol monomethyl ether prices for Q2 2024 reached 1645 USD/MT in June. The market faced an oversupply situation, resulting in declining prices. Despite steady demand from the paints and coatings industries, surplus inventories weighed on the market. The monsoon season lowered construction-related purchasing, while production was further impacted by shutdowns at key plants, affecting the overall supply. This combination of factors contributed to a bearish environment as demand struggled to absorb the high levels of available stock.

Dipropylene Glycol Monomethyl Ether Prices December 2023

The dipropylene glycol monomethyl ether prices across the United States for Q4 2023 reached 1635 USD/MT in December. In the final quarter of 2023, dipropylene glycol monomethyl ether rates in the United States fluctuated significantly. October saw a decline due to stable feedstock costs and weak construction demand. However, prices rose in November, fueled by growing requirement from the automotive and paint sectors and rising freight charges, which continued into December, driven by strong market dynamics despite logistical challenges.

The price trend for dipropylene glycol monomethyl ether in China for Q4 2023, reached 1505 USD/MT in December. China's DPGME market in Q4 2023 saw varied trends. October's prices dropped amid oversupply and weak construction demand, despite rising feedstock costs. November marked a turnaround with strong demand from the vehichle manufacturing sector, and December continued this upward trend due to increased demand from the paint as well as coatings industry and increased feedstock prices.

The price trend for dipropylene glycol monomethyl ether in Germany for Q4 2023, reached 833 USD/MT in December. In Q4 2023, DPGME prices in Germany exhibited mixed movements. A strong start in October was driven by robust international demand and high production prices. However, by December, a slowdown in lower demand in downstream markets and decreased production expenses resulted in a downturn. Economic challenges in Germany further pressured prices, reflecting a complex market scenario.

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 the current price but also provides insights into dipropylene glycol monomethyl ether historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into dipropylene glycol monomethyl ether 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

Q2 2024:

The European dipropylene glycol monomethyl ether market in Q2 2024 saw rising prices because of the increasing costs of raw materials like crude oil and propylene oxide. Regional tensions affecting oil supply routes added pressure on shipping costs, while extreme weather, including excessive rains and floods, disrupted operations in major manufacturing areas, resulting in temporary site closures and power outages. Demand in Germany’s downstream industries, especially paints, coatings, and adhesives, remained strong, propelled by a positive market outlook and increased vehicle sales. The supply crunch was further exacerbated by scheduled maintenance at major plants, pushing prices upward. The second half of the quarter witnessed a more noticeable price increase as the region responded to sustained demand and ongoing supply challenges, creating a firm pricing environment by the quarter’s end.

Q4 2023:

The European DPGME market in the fourth quarter of 2023 displayed fluctuating trends. October experienced a price surge due to strong international demand and the expanding electric car industry, which boosted the downstream propylene sector. In November, the market remained bullish with steady demand and high import costs, maintaining elevated prices. However, December saw a decline as demand weakened and production costs fell, largely influenced by reduced feedstock as well as crude oil rates. Economic slowdowns in major markets like Germany and France also contributed to this decline, reflecting a broader regional slowdown. The intricate balance of supply, market needs, and financial conditions shaped the market landscape, requiring careful navigation in the months ahead.

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

Q2 2024:

The dipropylene glycol monomethyl ether market in North America in the second quarter experienced a steady increase in prices, largely influenced by heightened costs of key raw materials like propylene oxide. Ongoing geopolitical strains disrupted oil supply chains and contributed to rising container shipping costs, while adverse weather events such as heavy rains and flooding intensified supply chain challenges, forcing plant closing and electricity outages in critical production areas. Strong demand persisted in sectors, such as coatings, adhesives, and paints, because of increased sales of vehicles and positive market sentiment in the United States. Moreover, maintenance shutdowns from key companies in Texas caused a limited supply. At the same time, higher procurement demands before holidays and ongoing construction projects heightened the need, leading to a price increase by the quarter's conclusion.

Q4 2023:

During the fourth quarter of 2023, the North American DPGME market exhibited varied trends. In October, prices dipped significantly in the USA due to stable feedstock costs and reduced construction demand on account of elevated borrowing costs. As inventory levels rose, this oversupply, coupled with low demand, placed downward pressure on prices. However, November brought a price rebound driven by strong demand from the vehicle manufacturing and coatings industries, coupled with logistical disruptions that impacted imports. Rising freight costs and heightened expenditure on home improvement projects also contributed to the price rise. December experienced further price rises, propelled by continued demand from the paint as well as finishes sector and enhanced construction activities, despite shipping challenges and port congestion. The market's dynamics were shaped by shifting demand in key sectors.  

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

Q2 2024:

During the second quarter of 2024, dipropylene glycol monomethyl ether prices in the Asia Pacific trended downward because of various factors. The market faced surplus inventories and a need for employment in industries such as paints, coatings, and adhesives. Seasonal disturbances, like widespread rains and power cuts, compounded existing logistical issues, resulting in oversupplied conditions. In China, prices fell sharply amid reduced activity in sectors, including automotive and construction, with seasonal monsoons also lowering procurement needs in construction. Several production sites were affected by shutdowns, impacting production capacity. These combined factors led to a bearish pricing trend throughout the quarter, closing on a weaker note compared to prior months, as the region continued to grapple with subdued demand and high inventory levels.

Q4 2023:

In the Asia-Pacific region, DPGME prices showed a mixed pattern in the last quarter of 2023. October saw a drop caused by excess supply and weak demand in the building sector, even with an increase in raw material prices. This was exacerbated by excess stock levels and decreased land acquisitions by property developers. However, November showed market resilience, bolstered by strong demand from the automotive sector and increased overseas inquiries. Substantial imports helped maintain inventory levels, while price trends were influenced by global feedstock dynamics. December witnessed a price rise, driven by higher feedstock costs and a robust paint and coatings sector, despite a challenging economic backdrop. Strong automotive demand further supported the upward trend, reflecting a complex interplay of supply, demand, and external factors.

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.

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

IMARC’s newly published report, titled “Dipropylene Glycol Monomethyl Ether Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” 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.

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.