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Trimethylene Glycol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A24403
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Trimethylene Glycol December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Trimethylene Glycol | Chemical | USA | 2294 USD/MT |
| Trimethylene Glycol | Chemical | China | 3182 USD/MT |
| Trimethylene Glycol | Chemical | Germany | 1887 USD/MT |
The price of trimethylene glycol in the United States for 2023 reached 2294 USD/MT in December.
The price trend for trimethylene glycol in China settled at 3182 USD/MT in December 2023.
In Germany, trimethylene glycol prices reached 1887 USD/MT in December 2023.
Trimethylene Glycol Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Trimethylene Glycol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of trimethylene 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 trimethylene glycol at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of trimethylene glycol price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing trimethylene 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.
Trimethylene Glycol Market Analysis
The global trimethylene glycol market size reached US$ 421.88 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 815.64 Million, at a projected CAGR of 7.60% during 2023-2032.
- The textile industry makes use of trimethylene glycol (TMG) to produce polytrimethylene terephthalate (PTT) fibers. These fibers are extremely robust, elastic, and stain-resistant, which renders them ideal for fabrics and carpets. The change in consumers' preferences toward high-performance and sustainable materials is increasing, which is fueling the need for PTT and, thus TMG. For example, the U.S. textile market is predicted to grow by 2.8 percent between 2024 and 2032, generating the demand for TMG. This compound's versatility when creating textile products that range from apparel to home furnishings is driving the rise of this industry.
- TMG is a major ingredient in the creation of high-performance polyurethanes (PUs), which are used in several applications like foams, coatings, adhesives, sealants, and elastomers. In addition, the rapidly growing sectors of the economy that depend on polyurethane (PU) products, like electronics, construction, and automotive, have significantly surged the demand for this compound. For instance, the global auto production reached 85.4 million in 2022, an increase of 5.7% over 2021. This data is constantly increasing, which is creating the need for TMG-based polyurethanes (PUs) for their enhanced flexibility, durability, and resistance to chemicals and temperature fluctuations.
- The personal care and cosmetics industry is witnessing an increase in demand for ingredients that are safe, effective, and generated from renewable resources. TMG is utilized in a variety of personal care products, such as lotions, creams, shampoos, and conditioners, due to its excellent moisturizing characteristics and non-toxic nature. As people become increasingly concerned and aware of the content in their personal care products, the demand for TMG, particularly bio-based TMG, surges. The cosmetics and personal care industry in Europe was valued at €96 billion at retail sales prices in 2023, with Germany at €15.9 billion and France at €13.7 billion. The increased demand for these products has resulted in a significant boost for the TMG market.
- TMG is also utilized in the food and beverage (F&B) sector as a food additive, humectant, and solvent. It improves the texture, shelf life, and stability of different food products. There has been a hike in demand for processed and packaged foods that has fueled the usage of TMG in food compositions. According to industry reports, it has been found that 73 percent of the U.S. food supply is ultra-processed. Also, India's exports of agricultural and processed food products rose close to $51 billion in 2022 and 2023. This surge in demand and consumption of processed food has bolstered the use of TMG in this industry.
Trimethylene Glycol News
The report covers the latest developments, updates, and trends impacting the global trimethylene 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 trimethylene glycol production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the trimethylene glycol price trend.
Latest developments in the trimethylene glycol industry:
- In April 2023, Ningbo Juhua Chemical & Science Co., Ltd. granted a contract to Technip Energies for a trimethylene glycol facility with an annual capacity of 72 kilo tons in Ningbo, Zhejiang, China. This is part of the company's efforts to grow its petrochemical new material business.
- In 2023, DuPont announced plans to expand its bio-PDO (1,3-propanediol), also called trimethylene glycol, production capacity in the US by 50%. This move aims to meet the rising demand for PDO in North America.
Product Description
Trimethylene glycol (TMG), also known as 1,3-propanediol, refers to a versatile organic compound that exists as a colorless, viscous liquid with a slightly sweet taste. It is categorized into two main types based on its production method, such as bio-based and petroleum-based. It is soluble in water, alcohol, and acetone, making it an excellent solvent. It is used in various applications including the production of polytrimethylene terephthalate (PTT), polyurethanes, cosmetics, cleaning agents, and as a coolant and antifreeze in heating and cooling systems. It is also employed in adhesives, coatings, inks, pharmaceuticals, food additives, and personal care products.
Trimethylene glycol is biodegradable, non-toxic, and reduces dependency on fossil fuels when bio-based. It offers high boiling and low freezing points, excellent moisture absorption, and enhanced product durability. Moreover, it is lauded for its versatility, eco-friendliness, cost-effectiveness, improved performance of end products, and compatibility with various materials.
Regional Coverage
The report provides a detailed analysis of the trimethylene 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 trimethylene glycol price trend.
Global Trimethylene Glycol Price
The report offers a holistic view of the global trimethylene glycol pricing trends in the form of trimethylene 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 current price of trimethylene glycol 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 trimethylene 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 Trimethylene Glycol Price
European trimethylene glycol prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.
This analysis can be extended to include detailed trimethylene 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 Trimethylene Glycol Price
The analysis of trimethylene glycol prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.
Specific trimethylene 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 Trimethylene Glycol Price
The report explores the trimethylene 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 trimethylene 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 Trimethylene Glycol Price
The trimethylene glycol pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.
This trimethylene 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 Trimethylene Glycol Price
The analysis of trimethylene 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 | Trimethylene Glycol |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Trimethylene 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 |
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| 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 trimethylene 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 trimethylene 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 trimethylene glycol price charts ensure our clients remain at the forefront of the industry.
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