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
the triethylene glycol (TEG) market is primarily driven by its extensive use in the natural gas industry, where it serves as a critical dehydration agent for removing water from natural gas, ensuring pipeline transport safety and efficiency. The growing demand for natural gas, driven by global energy needs and the transition to cleaner fuel sources, directly boosts the demand for TEG. Additionally, TEG’s applications extend into the production of polyester resins, coolants, and plasticizers, which are essential in various manufacturing sectors, including textiles, automotive, and packaging. The rise in urbanization and industrial activities has led to an increased need for such products, further propelling the TEG market.
Environmental regulations promoting the use of low-toxicity, biodegradable glycol solutions in HVAC systems and dehumidifiers have also contributed to market growth. Moreover, advancements in TEG production processes and the development of high-purity grades have expanded its utility in applications such as inks, dyes, and cleaners. The ongoing technological innovations and expanding applications across diverse industries are likely to continue driving the growth of the triethylene glycol market in the coming years, particularly as the global focus on sustainable and efficient industrial processes intensifies.
Triethylene Glycol Market Analysis
In the second quarter of 2024, the TEG market experienced different trends across North America, Europe, and the Asia-Pacific (APAC) regions, driven by various economic and industrial factors. In North America, the market saw a notable decline in prices due to oversupply and weak demand from the gas and automotive sectors. Stable ethylene oxide feedstock prices and reduced seasonal demand for antifreeze also contributed to this downward trend. In Europe, TEG prices initially increased, driven by strong downstream demand and supply disruptions caused by maintenance shutdowns at key production facilities.
However, as supply levels improved and demand from the automotive and oilfield sectors softened, prices stabilized later in the quarter. In the APAC region, particularly in China, the TEG market faced a significant price decline due to oversupply and reduced demand in industries such as plasticizers and antifreeze. The manufacturing slowdown in China further reduced TEG consumption, and high inventory levels maintained pressure on prices. Overall, the second quarter highlighted varied regional dynamics with North America and APAC facing challenges due to oversupply and weak demand, while Europe saw initial price increases followed by stabilization.
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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