Mono Propylene Glycol (MPG) Price in USA
- United States: 3272 USD/MT
The price of mono propylene glycol (MPG) in the USA reached 3272 USD/MT in June 2023.
The latest report by IMARC Group, titled "Mono Propylene Glycol (MPG) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of mono propylene glycol prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive 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 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.
Mono Propylene Glycol (MPG) Prices Analysis:
- China: 175751 USD/MT
- Germany: 3255 USD/MT
Report Offering:
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The study delves into the factors affecting mono propylene glycol (MPG) 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.
Request For a Sample Copy of the Report: https://www.imarcgroup.com/mono-propylene-glycol-pricing-report/requestsample
Mono Propylene Glycol (MPG) Price Trend- Last Quarter
A synthetic organic molecule with the chemical formula C3H2O₂ is mono propylene glycol (MPG). It's a thick, tasteless liquid that's colorless and almost odorless. Propylene glycol is a diol, meaning that it contains two alcohol groups, and MPG is one kind of this substance. It yields two isomeric forms—the 1,2-isomer being the main commercial product—and is created by hydrating propylene oxide. MPG is both hygroscopic—that is, capable of absorbing moisture from the air—and extremely soluble in water. Its adaptable qualities make it widely employed in many different industries. MPG is used as a solvent, carrier, and humectant in the food and pharmaceutical sectors. Moreover, it is frequently found as a moisturizer and emollient in cosmetics and other personal hygiene items. Because MPG reduces the freezing point of water, it is also utilized in the creation of de-icing and antifreeze solutions. Its uses include the production of unsaturated polyester resins, which are utilized in fiberglass products, paints, and coatings. MPG is regarded as acceptable for use in items that come into direct touch with people and animals because of its low toxicity.
Mono Propylene Glycol (MPG) Industry Analysis
The mono propylene glycol (MPG) industry is expanding due to a number of important factors. The usage of MPG has increased across a number of industries due to the growing consumer demand for sustainable and eco-friendly products. Because of its low toxicity and biodegradability, it is a better option than standard glycols, particularly in industries where safety is crucial like food, personal care, and pharmaceuticals. The need for MPG is largely driven by the growing construction and automotive industries. MPG is used in the automobile industry to formulate coolants and antifreeze, and it is crucial in the construction industry to produce unsaturated polyester resins that are used in fiberglass, paints, and coatings.
The market for MPG has been further propelled by the increase in demand for de-icing and antifreeze solutions brought on by the rise in global temperatures and extreme weather. Growth in the market is also fueled by the transition to bio-based propylene glycol, which is a result of strict environmental regulations and consumer desire for environmentally friendly products. Improvements in manufacturing processes and the accessibility of raw materials like as propylene oxide have increased MPG production's efficiency and cost-effectiveness, opening it up to a wider range of industries.
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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