Propane-1,2-diol Price History and Forecast Analysis Provided by Procurement Resource

In the Asian region, Propane-1,2-diol encountered varied price movements during the initial half of 2023. China’s market rebounded as lockdowns eased, boosting the construction sector and Propane-1,2-diol demands in Q1. Despite a positive price trend, excess supply and sluggish construction tempered the market’s momentum in Q2, leading to price declines.

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Similarly, Europe’s Propane-1,2-diol market faced subdued conditions due to ongoing economic challenges, resulting in low demands and a sombre market outlook. North America experienced price fluctuations in 2023, with initial declines followed by modest stabilization due to increased downstream needs. Nonetheless, the US economic woes influenced trade, contributing to a downturn in Propane-1,2-diol prices by Q2’s end.

Definition

Propane-1,2-diol, also recognized as propylene glycol and denoted by the chemical formula C3H8O2, stands as a transparent and scentless liquid extensively employed across diverse industrial sectors. Its versatile applications encompass serving as a solvent, antifreeze, and contributing to the manufacturing processes of plastics, cosmetics, food, and pharmaceuticals. This multifunctional compound’s proficiency in retaining moisture and averting freezing renders it indispensable in various fields.

Exploring the market dynamics, it becomes crucial to delve into the Propane-1,2-diol price trends. The Propane-1,2-diol Price Trend, Propane-1,2-diol Price Index, and Propane-1,2-diol Prices collectively present a comprehensive overview of its market standing. Analyzing this information over time can be facilitated through resources like the Propane-1,2-diol Price Chart and Propane-1,2-diol Price Graph, offering insights into the fluctuating market conditions associated with this chemical compound.

Key Details About the Propane-1,2-diol Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Propane-1,2-diol 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; customization of price currencies and units and downloading of price information as Excel files that can be used offline.

The Propane-1,2-diol Price chart, including India Propane-1,2-diol price, USA Propane-1,2-diol price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

Industrial Uses Impacting the Propane-1,2-diol Price Trend:

Propane-1,2-diol finds essential industrial applications as a versatile solvent, antifreeze, and humectant in products ranging from cosmetics and pharmaceuticals to food and beverages. Its ability to retain moisture and prevent freezing makes it invaluable in the production of plastics, paints, and personal care items, enhancing texture, stability, and performance.

Key Players:

  • The Dow Chemical Company
  • LyondellBasell Industries N.V.
  • BASF SE
  • Archer Daniels Midland Company
  • Global Bio-chem Technology Group Co., Ltd
  • DuPont Tate
  • Lyle Bio Products

About Us:

Procurement Resource offers 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 most 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 tracks 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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