Glycol Ether Prices Overview

Market Overview

Quarterly Update on Global Glycol Ethers Market
 
For the Quarter Ending September 2020
 
Asia
 
With several producers reducing their operating rates and a few of them imposing a temporary turnaround, Glycol Ether supply considerably reduced in Q3. Limited feedstock or sometimes poor margins compelled Butyl Glycol producers in China to opt for frequent temporary turnarounds. Trade disruptions caused by the global pandemic followed by poor weather exacerbated this supply crisis. Demand in China picked up by September due to early stockpiling activities observed before the Golden Weeklong holidays scheduled next month. Amidst the supply crises, China launched an anti-dumping and anti-subsidy probe to check on fair-trade deals from the US Glycol market. Demand in Southeast Asia appreciably improved as industries gathered prominent pace to make up for the loss incurred in the previous quarter. Driven by the reduced imports, prices of Butyl Glycol in India showcased a consistent month-on-month increment, averaging at USD 768 per MT in Q3.
 
North America
 
Demand for several grades of Glycol Ethers including butyl di-glycol, butyl glycol, and propylene glycol methyl ether witnessed an appreciable revival with gradual improvement in buying interest observed in the latter half of the quarter. In the indefinite lockdown period, there was a prominent increment in the renovation activities that contributed well to the revival in demand from the construction industry. With easing virus panic in the country, the demand for Glycol Ethers underwent a substantial increment from the paints sector. Although relaxation in stringent restrictions levied marginal leverage to the market players but resurgent cases of coronavirus restrained the awaited market revival of Glycol Ethers in the US.
 
Europe
 

In the early part of the quarter, the supply of Glycol Ethers remained ample on the back of subdued demand and no scheduled turnarounds. In late July, restricted imports from the US aided to stabilize this widened demand and supply. Substantial revival in downstream demand further supported in stabilizing the narrowed margins of Glycol Ethers in the region. However, in the final weeks of September, demand fundamentals tapered off again due to the resurgence of coronavirus in some parts of the region leading to a fall in prices of Glycol Ethers.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Glycol Ethers manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.
 
Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Glycol Ethers market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.
 
Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.
 
Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Glycol Ethers market.
 
Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on daily, weekly, monthly and yearly basis.
 

Finally, region-specific markets for Glycol Ethers are analyzed and region-wise demand pattern is tracked.

About

Glycol Ether are organic liquid solvents containing ether and alcohol as their primary functional groups. These compounds are regarded as versatile solvents for various industrial and domestic uses since they are highly soluble in water as well as other organic liquids. Overall consumption of Glycol Ethers is dominated by its utilization as a solvent for numerous formulations like inks, paints, and cleaning fluids. Other than solvent applications it is also used in anti-icing agents, brake fluids, and chemical intermediates. It is even considered an essential compound for manufacturing surface coatings. Glycol Ethers are conventionally produced by reacting Ethylene Oxide or Propylene Oxide with alcohols like Ethanol or Butanol in a catalytic process under isothermal and adiabatic conditions. However, Ethylene Oxide is also reacted directly with Monoethylene Glycol Ethers to form its higher homologues like Diethylene Glycol Ethers or Triethylene Glycol Ethers. Glycol Ethers can be categorized as P-Series and E-Series depending upon whether they are produced by Propylene Glycol or Ethylene Glycol Ethers.