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Polypropylene Glycol Price Trend and Forecast

⟳ Weekly Update
|
Historical Data Since 2015
|
Forecast for 2026

polypropylene glycol Markets Covered:

krKorea
thThailand
auAustralia
inIndia
deGermany
saSaudi Arabia
trTurkey
usUnited States

Global polypropylene glycol Price Trend, Analysis and Forecast​

In Q1 2024 the Asian PPG market decreased by 0.21% as compared to the Q4 of 2023. The polypropylene market across the Asia-Pacific region experienced a dynamic pricing environment with notable fluctuations. Prices started on a downward trend in January, largely due to reduced demand in downstream industries. This decline was further exacerbated by the depreciation of the South Korean won against the US dollar, which increased the cost of imports, including polypropylene glycol. As a result, both businesses and consumers scaled back their purchases, adding to the downward pressure on prices. The challenges in the Asian market have had a same impact on price of India, Australia, Germany, Saudi Arabia, Turkey and USA, as South Korea is a significant exporter to all these countries. By the end of the quarter in South Korea, the price of Polypropylene Glycol reached 1634 USD per metric ton in March.

In Q2 2024, the Asian polypropylene glycol (PPG) market followed a bearish trend, marked by mild month-to-month fluctuations. Early in the quarter, feedstock availability helped stabilize prices. However, as the quarter progressed, demand for the commodity weakened. Alongside the softening demand, the cost of raw materials and production also trended downward, further driving a decline in polypropylene glycol prices. In South Korea, PPG market showed a downward trend towards the end of the quarter. By the end of the quarter in June, the price of PPG in South Korea settled at 1572 USD per metric ton.

In Q3 2024, the PPG market will continue to experience an upward price pressure due to ongoing supply limitations. The growing demand for adhesives, paints, automotives will expect to boost the PPG market in the APAC region. As of July 2024, PPG prices were fluctuating and reflecting around 0.23% decrease from the previous month. In the beginning of the quarter in July, the price of South Korea reached at 1535 USD per metric ton.

In Q4 2024, the Asia-Pacific region will experience upward trend in PPG prices. Key factors driving these price fluctuations include differing demand trends across various countries, particularly influenced by Asia’s strong performance. Additionally, rising raw material prices will affect production costs, while ongoing trade tensions will disrupt regional supply chains. In the short term, the PPG market will experience growth primarily due to rising demand from the construction, transportation and pharmaceuticals. In addition, the global production of PPG is expected to increase owing to the rising demand for construction from end use industries.

Polypropylene GlycolTrend Analysis: Q2 2025
Polypropylene Glycol Trend Analysis: Q4 2024

polypropylene glycol Parameters Covered: 

Historically, several events have caused significant fluctuations in Polypropylene Glycol prices

  • Russia-Ukraine Conflict (2022-Present):  

Energy Price Surge: The conflict led to a sharp rise in natural gas and crude oil prices, increasing production costs for PPG. 

Raw Material Supply Disruptions: Limited availability of key feedstocks like propylene oxide due to supply chain interruptions. 

Logistics: Transportation delays and higher freight costs disrupted the delivery of raw materials and finished products. 

Regional Trade Imbalances: The conflict affected trade routes, creating regional supply-demand mismatches and price volatility. 

Market Uncertainty: Geopolitical instability caused speculative trading, further amplifying price fluctuations in the PPG market. 

  • COVID-19 Pandemic (2020):  

Supply Chain Disruptions: Lockdowns and restrictions disrupted the supply of key feedstocks like propylene oxide, leading to inconsistent production. 

Demand Variability: Fluctuating demand from industries such as automotive and construction, combined with increased demand for PPG in sanitizers and cleaning products, created market imbalances. 

Logistical Challenges: Global transportation bottlenecks and rising freight costs impacted the availability and pricing of PPG. 

Production Shifts: Some manufacturers prioritized essential goods, reducing PPG production capacity for non-essential applications. 

Economic Uncertainty: Market volatility and reduced industrial activity in many sectors led to unpredictable pricing trends.

  • Geopolitical Tensions (2018-2019):  

Trade Wars: The US-China trade conflict led to increased tariffs on raw materials like propylene oxide, raising production costs for PPG. 

Sanctions and Embargoes: Restrictions on key exporting countries disrupted the supply chain for PPG feedstocks, causing price volatility. 

Currency Fluctuations: Geopolitical instability contributed to currency devaluation in some regions, increasing import costs for raw materials. 

Supply Chain Disruptions: Tensions affected transportation and logistics, delaying deliveries and creating regional supply-demand imbalances. 

Speculative Market Activity: Political uncertainty fueled speculative trading, amplifying price instability in the PPG market. 

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Historically, several events have caused significant fluctuations in Polypropylene Glycol prices

  • Russia-Ukraine Conflict (2022-Present):  

Energy Price Surge: The conflict led to a sharp rise in natural gas and crude oil prices, increasing production costs for PPG. 

Raw Material Supply Disruptions: Limited availability of key feedstocks like propylene oxide due to supply chain interruptions. 

Logistics: Transportation delays and higher freight costs disrupted the delivery of raw materials and finished products. 

Regional Trade Imbalances: The conflict affected trade routes, creating regional supply-demand mismatches and price volatility. 

Market Uncertainty: Geopolitical instability caused speculative trading, further amplifying price fluctuations in the PPG market. 

  • COVID-19 Pandemic (2020):  

Supply Chain Disruptions: Lockdowns and restrictions disrupted the supply of key feedstocks like propylene oxide, leading to inconsistent production. 

Demand Variability: Fluctuating demand from industries such as automotive and construction, combined with increased demand for PPG in sanitizers and cleaning products, created market imbalances. 

Logistical Challenges: Global transportation bottlenecks and rising freight costs impacted the availability and pricing of PPG. 

Production Shifts: Some manufacturers prioritized essential goods, reducing PPG production capacity for non-essential applications. 

Economic Uncertainty: Market volatility and reduced industrial activity in many sectors led to unpredictable pricing trends.

  • Geopolitical Tensions (2018-2019):  

Trade Wars: The US-China trade conflict led to increased tariffs on raw materials like propylene oxide, raising production costs for PPG. 

Sanctions and Embargoes: Restrictions on key exporting countries disrupted the supply chain for PPG feedstocks, causing price volatility. 

Currency Fluctuations: Geopolitical instability contributed to currency devaluation in some regions, increasing import costs for raw materials. 

Supply Chain Disruptions: Tensions affected transportation and logistics, delaying deliveries and creating regional supply-demand imbalances. 

Speculative Market Activity: Political uncertainty fueled speculative trading, amplifying price instability in the PPG market. 

Why PriceWatch?

PriceWatch is your trusted resource for tracking global polypropylene glycol price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the polypropylene glycol market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, PriceWatch keeps you fully informed of market dynamics.

In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence polypropylene glycol prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely polypropylene glycol market data.

Track PriceWatch's polypropylene glycol price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Data Collection and Sources​

  • Real-Time Market Data: PriceWatch aggregates real-time pricing data from a diverse range of sources, including global commodity exchanges, industry reports, and proprietary databases. This ensures that our assessments reflect the most current market conditions. 
  • On-the-Ground Intelligence: Our team gathers insights directly from key market participants, including producers, suppliers, traders, and end-users, across major polypropylene glycol production hubs. This ground-level intelligence is crucial for understanding localized market dynamics. 
  • Supply Chain Monitoring: We track the entire polypropylene glycol supply chain, from raw material availability (e.g., propylene oxide, potassium hydroxide, and hydrogen) to production and distribution channels. This includes monitoring feedstock prices, production capacities, and transportation logistics. 

Event Tracking and Impact Analysis​

  • Geopolitical Tensions: PriceWatch continuously monitors global geopolitical developments, such as conflicts or trade disputes, which can significantly impact polypropylene glycol prices. Our analysis includes potential disruptions to supply chains and their immediate and long-term effects on pricing. 
  • Natural Disasters and Climate Events: We assess the impact of natural disasters, such as hurricanes or winter storms, on polypropylene glycol production facilities, particularly in vulnerable regions like the U.S. Gulf Coast. These events are factored into our price forecasts and supply outlooks. 
  • Economic Shifts: PriceWatch evaluates macroeconomic trends, including global economic growth, inflation rates, and sector-specific demand (e.g., construction transportation and pharmaceuticals), to predict shifts in polypropylene glycol demand and corresponding price movements.

Production Capacity and Supply Analysis

  • Current Production Monitoring: We maintain a comprehensive database of global polypropylene glycol production facilities, tracking their operational status, maintenance schedules, and output levels. This allows us to assess current supply availability accurately. 
  • Future Capacity Projections: Our research includes detailed forecasts of upcoming polypropylene glycol production capacities, factoring in new plant constructions, expansions, and technological advancements. This helps in predicting future supply trends and potential price stabilization. 

Demand Forecasting

  • Sectoral Demand Analysis: PriceWatch provides in-depth analysis of demand trends across key sectors, including packaging, automotive, and construction. We track year-on-year demand growth and project future consumption patterns based on economic indicators and industry developments. 
  • Global Demand Dynamics: Our methodology considers regional demand variations and how they influence global polypropylene glycol pricing. This includes understanding the impact of shifts in manufacturing bases, trade policies, and environmental regulations. 

Pricing Model Development

  • Dynamic Pricing Models: PriceWatch utilizes advanced econometric models to forecast polypropylene glycol prices, incorporating real-time data, historical trends, and projected market conditions. Our models are continuously refined to enhance accuracy and predictive power. 
  • Scenario Analysis: We conduct scenario-based assessments to evaluate potential future market conditions. This includes best-case, worst-case, and most likely scenarios, helping our clients prepare for a range of market outcomes. 

Reporting and Client Support

  • Comprehensive Reports: Our clients receive detailed reports that include current price assessments, future price forecasts, and in-depth analysis of market drivers. These reports are designed to be actionable, providing clear insights and recommendations. 
  • Ongoing Support: PriceWatch offers continuous updates and personalized support to our clients, ensuring they have the most up-to-date information to make informed decisions. Our experts are available to discuss specific market developments and provide tailored advice. 

This research methodology ensures that PriceWatch delivers the most accurate, timely, and actionable polypropylene glycol pricing assessments, helping our clients stay ahead of market trends and make informed business decisions.

Polypropylene Glycol price provided by PriceWatch is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for polypropylene glycol. PriceWatch disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

The pricing of polypropylene glycol is influenced by several factors, including raw material costs such as propylene, fluctuations in supply and demand within industries like paints, coatings, and adhesives, as well as external elements like geopolitical events, trade tariffs, and energy prices. These factors combine to create variability in pricing depending on global economic conditions.

Regional production plays a significant role in polypropylene glycol pricing. Regions with high production, like Asia-Pacific, tend to have more competitive pricing due to local availability, whereas regions that rely on imports, such as North America and Europe, often face higher costs due to transportation fees, import duties, and potential supply chain disruptions.

The latest pricing trends for polypropylene glycol often reflect fluctuations in the cost of raw materials and changes in global supply chains. To secure better rates, procurement heads can consider locking in long-term contracts with suppliers, monitoring global price trends and indices, and optimizing bulk purchasing strategies to take advantage of volume discounts.

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