Mono Propylene Glycol (MPG) Prices, Chart, News, Graph and Analysis

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 (MPG) prices. This report delves into globally, presenting a detailed analysis, along with informative mono propylene glycol (MPG) 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:

• United States: 3272 USD/MT
• China: 175751 USD/MT
• Germany: 3255 USD/MT

Report Offering:

• Monthly Updates: Annual Subscription
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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

Mono propylene glycol (MPG) is a synthetic organic compound with the chemical formula C₃H₈O₂. It is a colorless, nearly odorless, and tasteless viscous liquid. MPG is a type of propylene glycol, which is a diol, meaning it has two alcohol groups. It is produced by the hydration of propylene oxide and exists in two isomeric forms, although the primary commercial product is the 1,2-isomer. MPG is highly soluble in water and is hygroscopic, meaning it can absorb moisture from the air. It is widely used in various industries due to its versatile properties. In the pharmaceutical and food industries, MPG serves as a solvent, carrier, and humectant. It is also a common ingredient in cosmetics and personal care products, acting as a moisturizer and emollient. Additionally, MPG is used in the production of antifreeze and de-icing solutions, as it lowers the freezing point of water. Its applications extend to the manufacturing of unsaturated polyester resins, which are used in paints, coatings, and fiberglass products. Due to its low toxicity, MPG is considered safe for use in products that come into direct contact with humans and animals.

Mono Propylene Glycol (MPG) Industry Analysis

The growth of the mono propylene glycol (MPG) market is driven by several key factors. The increasing demand for environmentally friendly and sustainable products has bolstered the use of MPG in various industries. Its biodegradability and low toxicity make it a preferred choice over traditional glycols, especially in the pharmaceutical, food, and personal care sectors, where safety is paramount. The expanding automotive and construction industries significantly contribute to the demand for MPG. In the automotive sector, MPG is used in antifreeze and coolant formulations, while in construction, it is essential for producing unsaturated polyester resins utilized in paints, coatings, and fiberglass.

The rise in global temperatures and extreme weather conditions have led to a higher consumption of de-icing and antifreeze solutions, further propelling the MPG market. The shift towards bio-based propylene glycol, driven by stringent environmental regulations and consumer preference for green products, also fuels market growth. Advancements in production technologies and the availability of raw materials like propylene oxide have improved the efficiency and cost-effectiveness of MPG production, making it more accessible to various 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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