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Polyethylene Glycol Prices Overview

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Market Overview

Quarterly Update on Global Polyethylene Glycol Market

For the Quarter Ending December 2020

Asia

Polyethylene Glycol (PEG) supply across the Asia Pacific region remained tight in Q4, impacted by cost pressure on manufacturers due to consistent rise in upstream values. Steep climb in the prices of Ethylene Oxide due to its limited availability supported the surge in prices of derivative PEG in Asian countries in the quarter ending December. Besides, increase in market activities of downstream sectors like skin creams, surfactant, detergent, pharmaceutical formulations, polymer etc. gradually improved the demand for the product throughout Q4 2020.

Europe

Persistent surge in the feedstock supply followed by significant rise in container freight considerably pushed up the PEG pricing in European region during Q4. Traders remained concerned of the snug upstream supply due to the low container availability across several trade routes connecting Europe. A PEG trader revealed that prices of Ethylene Oxide & its Glycol derivatives significantly increased which led to an astonishing rise in its production costs. The demand for PEG considerably improved with rise in export demand from several Asia Pacific countries which led to a positive impact upon its prices.

North America

Demand fundamentals for Polyethylene Glycol (PEG) remained firm in North America backed by the surge in consumption of various downstream industries following the gradual pick up of economies of several countries across the region. Meanwhile, operating rates at the upstream units in the gulf region were improved after resumption in several plant turnaround due to spate of hurricanes in October. Following the strong demand for glycol ethers used in disinfectants and cleaning chemicals, prices for PEG are likely to remain in an uptrend in the next quarter as well.

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Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Polyethylene Glycol is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the Polyethylene Glycol market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Polyethylene Glycol 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 Polyethylene Glycol 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 Polyethylene Glycol market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.

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

About

Polyethylene Glycol (PEG) is an inert, hydrophilic, synthetic, and biocompatible polyether compound which derived from Ethylene Oxide in an exothermic process. PEG is non-toxic in nature and due to its low reactivity and it is widely utilized in the form of dispersing agents, solvents and as a laxative in medical, pharmaceuticals and cosmetics industries. PEG is produced by the interaction of Ethylene Oxide with water, in presence of the acidic or basic catalyst. Polyethylene Glycol (PEG) has many derivatives such as narrow range ethoxylates which are widely utilized in surfactant industry. Major producers of PEG across the globe include Akzo Nobel, BASF SE, SABIC, Shell, Dow Chemical Company.

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Polyethylene Glycol Prices Overview