Procurement Resource Evaluates the Price Trends of Ethylene Glycol in its Latest Insights and Dashboard
Price Trends of Ethylene Glycol in its Latest Insights and Dashboard
Procurement Resource does an in-depth analysis of the market trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Ethylene Glycol price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends. Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customisation of price currencies and units and downloading of price information as excel files that can be used offline. The pricing database and analysis of Ethylene Glycol can prove valuable for the procurement managers, directors, and decision-makers to build up their strongly backed up strategic insights to attain progress and profitability in the business.
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Product Description:
The liquid form of ethylene glycol is transparent, colourless, syrupy, and has the capacity to absorb water. It has no smell, but it tastes pleasant. Making antifreeze and de-icing treatments for cars, boats, and aeroplanes uses ethylene glycol. It is also used in hydraulic braking fluids and inks for stamp pads, ballpoint pens, and printing presses.
Also Check Ethylene Glycol Production Cost Report – https://www.procurementresource.com/production-cost-report-store/ethylene-glycol
Regions Covered to Evaluate Ethylene Glycol Price Trend:
- North America
- South America
- Europe
- The Asia Pacific
- The Middle East
- Africa
Industrial Uses Impacting Ethylene Glycol Price Trend:
The ethylene glycol market is anticipated to grow during the forecast period due to an increase in the use of ethylene glycol as an intermediate in a variety of chemical reactions. Glycols’ hydroxyl groups go through the typical alcohol chemistry, producing a wide range of potential derivatives. Ethylene glycol is able to function as an intermediate in a variety of processes, particularly resin production, because to this chemistry. Ethylene glycol usage is predicted to increase during the projection period due to the industries’ rapid expansion in the textile and PET resin products sectors. Many techniques used in the production of textiles employ ethylene glycol as a feedstock. It is primarily employed in the production of polyester fibre, films, and resins for PET bottles. Ethylene glycol also functions as a dewatering agent, antifreeze, coolant, and heat transfer agent, inhibits the formation of hydrates, and serves as a precursor to polymers.
Key Market Players:
- ME Global
- Saudi Basic Industries Corporation (SABIC)
- China Petroleum & Chemical Corporation (Sinopec)
- Reliance Industries Limited
- Shell Global
- INEOS Capital Limited
- India Glycols Ltd.
- SPDC Ltd.
News and Events:
On March 31st, the average price of ethylene glycol derived from oil in China was 5,200 RMB/MT, an increase of 33.33 RMB/MT from the previous reporting cycle. Prices for ethylene glycol first rose in March 2022 before falling. Strong global crude oil prices were reflected in high naphtha and ethylene prices. After the growth in the first part of this month, several terminals were at an excessive height. Sluggish demand prevented the chemical’s price from rising as much as it would have in the second half of this month.
About Us:
Procurement Resource is Claight’s subscription-based SaaS platform providing in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent. We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team track the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data. To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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