Triethylene Glycol Price In USA
- 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 Prices. 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 Price Analysis:
- 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 - Last Quarter
Triethylene glycol (TEG) is widely used in the natural gas business, where it is an essential dehydration agent that removes water from natural gas, assuring the safety and efficiency of pipeline transit. This is what drives the market for TEG. The need for TEG is directly increased by the rising demand for natural gas, which is being pushed by the world's energy demands and the switch to greener fuel sources. Furthermore, TEG finds use in the synthesis of polyester resins, coolants, and plasticizers—all crucial in a variety of industrial industries, such as packaging, automotive, and textiles. The need for these goods has grown as a result of growing industrialization and urbanization, which is driving the TEG market even further.
The market has grown as a result of environmental rules that support the use of biodegradable, low-toxicity glycol solutions in dehumidifiers and HVAC systems. Furthermore, TEG's use in cleansers, dyes, and inks has increased due to improvements in high-purity grades and production process developments. In the upcoming years, the triethylene glycol market is expected to continue growing due to continuous technical advancements and expanding uses across a variety of sectors, especially as the emphasis on efficient and sustainable industrial processes becomes more widespread.
Triethylene Glycol Market Analysis
Driven by diverse industrial and economic variables, the TEG market saw distinct trends in the second quarter of 2024 in North America, Europe, and the Asia-Pacific (APAC) region. The gas and car industries' poor demand and oversupply caused a significant price decrease in North America. Stable ethylene oxide feedstock prices and reduced seasonal demand for antifreeze also contributed to this downward trend. Strong downstream demand and supply problems brought on by maintenance shutdowns at important production sites initially drove up TEG prices in Europe.
However, prices steadied later in the quarter as supply levels increased and demand from the oilfield and automobile industries decreased. A substantial price fall in TEG was seen in the APAC area, mostly in China, as a result of overproduction and decreased demand in sectors including plasticizers and antifreeze. TEG usage was further decreased by China's manufacturing slump, and price pressure was sustained by large inventory levels. Overall, the second quarter showed a variety of regional dynamics, with Europe witnessing early price rises followed by stability and North America and APAC encountering difficulties as a result of oversupply and weak 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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