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Ethylene glycol is a chemical compound with the formula C2H6O2. At normal temperature and pressure, it is a colourless, odourless, viscous liquid.
It is very soluble in water and has a pleasant taste, making it appealing to both animals and people but also a potential danger.
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However, if consumed, ethylene glycol may be extremely poisonous, causing serious health issues or even death. To avoid unintentional intake or exposure, it is critical to handle and store ethylene glycol carefully.
Saudi Arabia, the United States, Chinese Taipei, and Kuwait are the leading ethylene glycol-producing countries across the globe.
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 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, including India Ethylene glycol price, USA Ethylene glycol price, 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:
In car engines and other machinery, ethylene glycol is extensively used as a coolant and antifreeze. It aids in the reduction of water's freezing point, allowing it to function in colder temperatures without freezing and perhaps inflicting harm.
It is used to make polyester fibres, resins, and films. It is an important component in the manufacture of polyethylene terephthalate (PET), which is widely used in bottles, packaging, and textiles.
It is employed as a solvent and intermediary in the production of a variety of compounds such as adhesives, detergents, and polymers. It is also used to make synthetic rubber and some types of lubricants.
It is used to melt ice and snow on highways, runways, and other surfaces as a deicing fluid. It aids in the reduction of water's freezing point, allowing it to melt ice more rapidly and efficiently.
Key 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.
Recent News and Development
- January 2023: Exxon Mobil Corporation XOM believes that growing margins in fuel and oil sales would help the business reach a record profit in 2022. However, the rate of productivity in relation to profit. The margins of ethylene oxide and ethylene glycol may slow.
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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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