- United States: 1084 USD/MT
The price of triethylene glycol in North America was influenced by elevated production costs and higher prices of feedstock ethylene oxide and naphtha.
The latest report by IMARC Group, titled "Triethylene Glycol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of Triethylene Glycol Price Trend. This report delves into the price of Triethylene Glycol globally, presenting a detailed analysis, along with informative Triethylene Glycol price chart. Through comprehensive Triethylene Glycol 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 Triethylene Glycol 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.
Triethylene Glycol Prices December 2023:
- United States: 1084 USD/MT
- China: 1210 USD/MT
- Germany: 1563 USD/MT
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The study delves into the factors affecting Triethylene Glycol 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.
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Triethylene Glycol Price Trend- Q4 2023
The triethylene glycol (TEG) market, particularly in North America, has been influenced by a complex interplay of supply dynamics and rising demand from key sectors. A critical driver has been the heightened demand from the oilfield and plasticizer industries, which rely heavily on TEG for its hygroscopic and dehydrating properties. These sectors have experienced growth, fueled by positive economic indicators such as stable employment rates and consecutive job gains, leading to increased industrial activities. This considerable rise in demand has come at a time when production challenges persist. Reduced production rates, exacerbated by a shortage of natural gas pipelines and logistical bottlenecks like those in the Panama Canal, have strained supply. Moreover, the costs of production have escalated due to the increased prices of feedstock materials such as Ethylene Oxide and Naphtha.
Triethylene Glycol Market Analysis
The global propionic acid market size reached US$ 1.8 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 2.3 Billion, at a projected CAGR of 2.70% during 2023-2032. As of December 2023, the pricing of triethylene glycol (TEG) in North America was shaped by several pivotal factors. Initially, the market faced a decline in prices due to a decrease in the cost of critical feedstock Ethylene, coupled with reduced domestic production rates. However, the overarching trend for the quarter was dominated by a tight supply scenario. The production of TEG was notably impacted by elevated production costs driven by higher prices of Ethylene Oxide and Naphtha. This was compounded by logistical challenges, including a shortage of natural gas pipelines which are essential for TEG production and transportation. Furthermore, disruptions in shipping routes, particularly through the Panama Canal, led to increased inventory levels that temporarily alleviated some of the price pressures. Despite these challenges, the supply constraints were a significant factor that maintained the upward pressure on TEG prices throughout the quarter.
In contrast, the demand side of the equation also played a crucial role in influencing TEG prices. Economic stability and growth in employment rates bolstered industrial activities across various sectors, leading to an increased demand for TEG, especially from the oilfield and plasticizer sectors. These industries utilize TEG extensively for its properties as a dehydrating and conditioning agent, essential in oil and gas production and processing, as well as in the manufacture of plasticizers. The rising demand was met with a constrained supply, pushing the prices upward. However, towards the end of November 2023, a slight relaxation in feedstock costs and an adjustment in production rates saw a temporary easing of price hikes. Overall, the TEG market dynamics in December 2023 were a product of fluctuating supply issues, variable feedstock costs, and robust demand from critical downstream industries, reflecting the complex interdependencies typical of the chemical sector's market pricing behaviors.
Key Points Covered in the Triethylene Glycol Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Triethylene Glycol Index
- Triethylene Glycol Price Trend
- Triethylene Glycol Demand & Supply
- Triethylene Glycol Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Triethylene Glycol Price Analysis
- Triethylene Glycol Industry Drivers, Restraints, and Opportunities
- Triethylene Glycol News and Recent developments
- Global Event Analysis
- List of Key Players
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.
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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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