Ethylene Glycol Price Chart and Forecast Analysis | Provided by Procurement Resource
| Product Name | Ethylene Glycol |
| HS Code | 29053100 |
| Molecular Weight | 62.07 g/mol |
| Chemical Formula | (CH2OH)2 |
| Synonyms |
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| Region/Countries for which Data is available |
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| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | Our services can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after service delivery |
Request for Real Time Ethylene glycol Prices: https://www.procurementresource.com/resource-center/ethylene-glycol-price-trends/pricerequest
Ethylene glycol is a chemical compound, which appears clear and colourless. The structural formula of Ethylene glycol is (CH2OH)2 and its molecular weight is 62.07 g/mol. The ethylene glycol is produced by the hydrolysis of ethylene oxide with water, which further forms a combination of coarse ethylene glycol. Ethylene glycol can absorb water easily. It has a very sweet taste and is odourless in nature.
The countries producing the highest volumes of ethylene glycol are Germany, Italy, and Belgium. On the other hand the top exporters are Saudi Arabia and the United Kingdom.
Key Details About the Ethylene Glycol Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the ethylene glycol price, potato price and cement price etc. in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The ethylene glycol price chart, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Ethylene Glycol Price Trend:
The main industrial uses that influence the ethylene glycol price trend are stamp pad inks, as a pharmaceutical vehicle, it is employed in cosmetics and personal care products, hydraulic brake fluids, as raw material in polyester fibers, and polymers like PET, in antifreeze formulations.
Key Market Players:
- ME Global
- Saudi Basic Industries Corporation (SABIC)
- China Petroleum & Chemical Corporation (Sinopec)
- Reliance Industries Limited
- Shell Global
- INEOS Capital Limited
- India Glycols Ltd.
- SPDC Ltd.
News and Events:
- January 2021: The 357 KTA Ethylene Glycol Unit and the 180 KTA Ethylene Recovery Unit, which together produced 332 KTA MEG, are part of the Indian Oil Ethylene Glycol Project at Paradip. This was announced by the company for Producing Mono Ethylene Glycol (MEG), which is utilised to make polyester fibers, bottle grade chips, and polyester film grade chips, which assisted the project to consolidate the polyester business of the company.
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