For the Quarter Ending December 2024
North America
In Q4 2024, the price trend for Dipropylene Glycol Diacrylate (DPGDA) in North America displayed a mixed pattern, characterized by an initial period of stability followed by a slight decline. The first half of the quarter saw a steady demand for DPGDA, driven by seasonal peaks in industries such as coatings, printing, and construction, which rely heavily on UV-curable coatings and inks.
Economic conditions and industrial activity remained moderate, with demand aligning with typical seasonal cycles, particularly in the consumer goods sector. However, production levels were stable, with no significant disruptions, and raw material costs, including dipropylene glycol and acrylic acid, remained under control, supporting stable pricing.
In the latter half of the quarter, prices faced downward pressure due to slight disruptions in the supply chain. Logistics, including transportation delays, affected product availability, but competitive dynamics in the DPGDA market helped moderate prices. While industrial demand continued to be steady, the overall market saw a shift towards price stabilization and modest decline, as supply chains adjusted, and raw material costs saw slight reductions. Overall, Q4 2024 reflected a balanced yet cautious market for DPGDA.
APAC
The price trend for Dipropylene Glycol Diacrylate (DPGDA) in the APAC region during Q4 2024 followed a mixed trajectory, marked by a decline in the first half of the quarter and a recovery in the second half. Early in the quarter, demand for DPGDA faced some pressure due to seasonal fluctuations in industries like printing, packaging, and construction, leading to a decrease in prices. Economic uncertainties in China and other global markets contributed to slower growth in key sectors such as electronics and automotive, which typically drive DPGDA demand for UV-curable inks and coatings.
However, in the second half of the quarter, a rebound in demand emerged, driven by a recovery in downstream industries and increasing activity in packaging and coatings. Growth in consumer goods and industrial sectors provided a boost to DPGDA demand, particularly in the automotive and electronics industries. Supply disruptions due to logistical challenges and higher raw material costs, such as dipropylene glycol and acrylic acid, further contributed to price increases. The tightening supply and recovering demand dynamics led to a price uptick, reversing the earlier declines and resulting in a stable or slightly rising trend towards the end of the quarter.
Europe
The price trend for Dipropylene Glycol Diacrylate (DPGDA) in Europe during Q4 2024 displayed a mixed pattern, characterized by a period of stability followed by slight downward adjustments. In the early part of the quarter, demand for DPGDA was relatively steady, supported by stable activity in key end-use industries such as printing, packaging, and automotive. The demand surge for UV-curable coatings in various sectors provided incremental price support. However, overall economic conditions in Europe, coupled with seasonally fluctuating demand, limited significant price movements.
On the supply side, any disruptions in production or logistical bottlenecks played a pivotal role in influencing prices. Raw material costs for key inputs like dipropylene glycol and acrylic acid remained relatively stable, mitigating significant price hikes. Despite some ongoing supply chain challenges and production adjustments, the overall supply remained balanced.
Later in the quarter, prices experienced a slight decline, driven by subdued demand in certain industries, particularly construction, and an increase in market competition. As production levels ramped up and supply chain pressures eased, downward price pressure emerged, reflecting a stabilization in the DPGDA market.