RahulGautamMono Propylene Glycol (MPG) Price in USA
- United States: 3272 USD/MT
The price of mono propylene glycol (MPG) in the USA reached 3272 USD/MT in June 2023.
The latest report by IMARC Group, titled “Mono Propylene Glycol (MPG) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” provides a thorough examination of mono propylene glycol prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.
Mono Propylene Glycol (MPG) Prices Analysis:
- China: 175751 USD/MT
- Germany: 3255 USD/MT
Report Offering:
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- Quarterly Updates: Annual Subscription
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The study delves into the factors affecting mono propylene glycol (MPG) price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.
The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/mono-propylene-glycol-pricing-report/requestsample
Mono Propylene Glycol (MPG) Price Trend- Last Quarter
Mono propylene glycol (MPG), also known as 1,2-propanediol, is a colorless, odorless, and slightly viscous liquid used across a wide range of industries. It is a synthetic organic compound produced primarily through the hydration of propylene oxide, a petroleum derivative. MPG is highly soluble in water, making it an excellent base for applications in food, pharmaceuticals, cosmetics, and personal care products, where it acts as a solvent, humectant, and preservative.
Additionally, it plays a significant role in the production of antifreeze, de-icing solutions, and hydraulic fluids due to its low toxicity and effective heat transfer properties. Its versatility and safety profile have made it a valuable component in many industrial processes, ensuring its demand across multiple sectors.
Mono Propylene Glycol (MPG) Industry Analysis
The global mono propylene glycol (MPG) market is primarily driven by its extensive use across various industries, including automotive, food and beverage, pharmaceuticals, and cosmetics. MPG’s versatility as a solvent, humectant, and antifreeze agent makes it indispensable in numerous applications. In the automotive sector, its use as a coolant and antifreeze in vehicles boosts demand, particularly with increasing automotive production worldwide.
The rising consumption of personal care products and cosmetics, where MPG is used as a base for lotions, creams, and deodorants, is another key driver. In the food and beverage industry, MPG serves as a food additive and preservative, particularly in processed foods, further expanding its market. The pharmaceutical sector’s need for MPG as a carrier for active ingredients in oral, topical, and injectable drugs also significantly contributes to demand.
Additionally, the growing trend of eco-friendly products has led to a shift towards bio-based MPG, driven by environmental regulations and consumer preferences for sustainable alternatives. The market is further supported by the construction industry, where MPG is used in paints, coatings, and adhesives due to its excellent binding properties and resistance to environmental factors. The continuous rise in industrial activities and the development of advanced formulations in these sectors are expected to sustain the global demand for MPG. Finally, the ongoing expansion in emerging markets due to rapid industrialization and urbanization, adds to the overall growth prospects of the market. The broad spectrum of MPG’s industrial applications and its ability to meet regulatory standards in various industries underscore its importance in the global market, driving sustained demand.
Regional Price Analysis:
- 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
Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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