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Triethylene Glycol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A22681
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Triethylene Glycol Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Triethylene Glycol | Petrochemicals | USA | 1084 USD/MT |
| Triethylene Glycol | Petrochemicals | China | 1210 USD/MT |
| Triethylene Glycol | Petrochemicals | Germany | 1563 USD/MT |
The triethylene glycol prices in the United States for Q4 2023 reached 1084 USD/MT in December. The prices increased in Q4 2023 due to strong market demand and higher production costs. Supply issues and rising feedstock prices exerted pressure, although reduced domestic production led to lower prices later in the quarter. Economic factors and logistical challenges also played a role in the market dynamics.
The price trend for triethylene glycol in China for Q4 2023, reached 1210 USD/MT in December. The market experienced a price rise in the fourth quarter of 2023 due to tight supply and elevated feedstock costs. Despite reduced production activity, demand from key sectors such as oilfields remained strong. Geopolitical and economic uncertainties also influenced market conditions.
The price trend for triethylene glycol in Germany for Q4 2023, reached 1563 USD/MT in December. In Germany, the market saw a decline in prices during Q4 2023, driven by oversupply and decreased oilfield industry demand. Supply constraints eased somewhat, and demand plasticizer industry demand provided some support, though overall market conditions remained under pressure.
Triethylene Glycol Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Triethylene Glycol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of triethylene glycol 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 triethylene glycol at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of triethylene glycol price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing triethylene glycol 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.
Triethylene Glycol Market Analysis
The global triethylene glycol market size reached US$ 831.8 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 1194.2 Million, at a projected CAGR of 4.10% during 2023-2032.
- Triethylene glycol is essential to the natural gas sector and is mostly utilized in dehydration procedures. To prevent pipeline corrosion and the production of hydrates, which can result in operational inefficiencies and safety hazards, this application is essential since it eliminates water vapor from natural gas. The demand for triethylene glycol is driven by the increasing awareness about the beneficial aspects of natural gas and the rise in worldwide energy consumption. As industrialized and developing countries are switching to cleaner-burning fuels, natural gas is being favored over coal and oil. The development of new gas resources and increasing investments in natural gas infrastructure are propelling the growth of the market. According to the IMARC Group, the global oil and gas market is expected to reach US$ 65.8 Billion by 2032.
- Triethylene glycol is widely used by the textile and polyester resin industries, which use it as a plasticizer and as a raw material to make polyester fibers and resins. The triethylene glycol usage is mostly driven by the expansion of these industries. Triethylene glycol is used in the textile sector because of its hygroscopic qualities, which are crucial for preserving the longevity and quality of materials. Apart from this, the inclusion of triethylene glycol enhances the qualities of polyester resins, which find extensive use in the packaging, construction, and automotive industries, among other sectors. Triethylene glycol demand is predicted to remain strong due to increased consumer expenditure on cars. As per the Economic Times, passenger car vehicle sales in India increased by 4 million units for the first time ever in the calendar year 2023.
- Triethylene glycol usage is influenced by environmental concerns and more stringent laws pertaining to waste treatment and industrial emissions. Triethylene glycol-based systems are used more often by industries for air and gas dehydration because of their effectiveness and less of an impact on the environment than other approaches. Triethylene glycol applications are becoming more sustainable and financially feasible due to continuous technological breakthroughs in triethylene glycol recovery and recycling systems that are also increasing process efficiency and lowering operating costs. It is a favored option in sectors looking to lessen their environmental impact because of these developments, which also promote adherence to environmental rules. The demand for effective and environmentally friendly solutions like TEG is anticipated to rise in tandem with rising environmental consciousness and stricter laws worldwide.
Triethylene Glycol News
The report covers the latest developments, updates, and trends impacting the global triethylene glycol 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 triethylene glycol production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the triethylene glycol price trend.
Latest developments in the triethylene glycol industry:
- July 2021: Clariant and India Glycols Limited (IGL) announced the creation of their 51-49% joint venture for renewable ethylene oxide (EO) derivatives after receiving all necessary regulatory approvals.
Product Description
Triethylene glycol refers to a colorless, viscous, and non-volatile liquid chemical compound. It is widely used in the natural gas production industry to absorb water from natural gas, thereby preventing the formation of gas hydrates and ice in pipelines. It is also used in air conditioning systems for the purpose of air dehumidification. It is utilized in adhesives, which help in enhancing the addition and flexibility of the products. It is used in the production of ultraviolet (UV) curable coatings and inks because of its ability to improve the cure speed and properties of the final product, such as resistance to chemicals and durability. It serves as an essential intermediate in the synthesis of a variety of chemical products, including plasticizers, reasons, and solvents. It is particularly significant in the manufacturing of polyester resins, where it contributes to the performance characteristics of the polymer.
Regional Coverage
The report provides a detailed analysis of the triethylene glycol 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 triethylene glycol price trend.
Global Triethylene Glycol Price
The report offers a holistic view of the global triethylene glycol pricing trends in the form of triethylene glycol 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 triethylene glycol historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into triethylene glycol 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 triethylene glycol 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 Triethylene Glycol Price
In Europe during the same period, the prices were influenced by supply constraints and reduced production, resulting in tight availability. Demand, particularly from the sector such as oilfields and plasticizes, varied between moderate and high. In Germany, the market prices saw a notable decrease in November due to oversupply and diminished oilfield sector demand, influenced by falling natural gas prices. Although the plasticizer sector experienced some improvement, overall market conditions remained challenging.
This analysis can be extended to include detailed triethylene glycol 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 Triethylene Glycol Price
In Q4 2023 in North America, the market faced significant challenges due to tight supply and fluctuating demand. Decreased production coupled with high demand from oilfields and plasticizers industries placed pressure on the market. Rising feedstock costs, including ethylene oxide and naphtha, also impacted prices. Despite positive economic indicators like job gains supporting industrial activity, a drop in feedstock prices and reduced production led to lower TEG prices by November. Additionally, issues such as natural gas pipeline shortages and Panama Canal bottlenecks exacerbated inventory accumulation, further affecting market dynamics.
Specific triethylene glycol historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Triethylene Glycol Price
The report explores the triethylene glycol 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 triethylene glycol prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Triethylene Glycol Price
The Asia-Pacific region saw mixed trends in the market during Q4 2023. Supply disruptions and high feedstock prices led to tight availability, despite moderate demand from sectors such as oilfields and plasticizers. In China, TEG prices increased owing to persistent supply constraints and rising production costs. Geopolitical tensions and production issues also affected market dynamics, yet strong demand from downstream industries provided some support. Thus, the region experienced a bullish sentiment toward the quarter end, driven by tight supply and varying economic conditions.
This triethylene glycol price analysis can be expanded to include 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 Triethylene Glycol Price
The analysis of triethylene glycol 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 | Triethylene Glycol |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Triethylene Glycol 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 triethylene glycol 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 triethylene glycol 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 triethylene glycol price charts ensure our clients remain at the forefront of the industry.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
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- For further assistance, please connect with our analysts.
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