Polyethylene Glycol Prices in Saudi Arabia

• Saudi Arabia: 1,025 USD/MT

The polyethylene glycol prices in Saudi Arabia for Q3 2024 reached 1,025 USD/MT in September.

The latest report by IMARC Group, titled " Polyethylene Glycol Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition," provides a thorough examination of polyethylene glycol prices. This report delves into globally, presenting a detailed analysis, along with informative 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.

Polyethylene Glycol Prices Analysis:

• China: 1,145 USD/MT
• Germany: 1,330 USD/MT

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The study delves into the factors affecting polyethylene glycol 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/polyethylene-glycol-pricing-report/requestsample

Polyethylene Glycol Price Trend- Last Quarter

The Polyethylene Glycol (PEG) market is driven by its extensive applications in key sectors such as pharmaceuticals, personal care, and industrial manufacturing. In the pharmaceutical industry, PEG is a critical component in drug formulations, particularly for its ability to enhance drug solubility and stability. The personal care industry also heavily relies on PEG for its emulsifying and moisture-retaining properties, making it a vital ingredient in products such as lotions, shampoos, and cosmetics. The ongoing growth in these sectors, particularly in emerging markets, is fueling the demand for PEG.

Additionally, the rise in global healthcare expenditure and increasing consumer awareness regarding personal hygiene and skincare are further propelling the market. Technological advancements in PEG production and the development of specialized PEG derivatives for specific applications are also contributing to market expansion. The market is influenced by fluctuations in raw material costs, particularly ethylene oxide, and by the impact of global economic conditions on industrial activity.

Polyethylene Glycol Industry Analysis

In Q2 2024, Polyethylene Glycol (PEG) prices surged in North America due to strong demand from pharmaceutical and personal care sectors driven by economic recovery. Increased raw material costs, specifically ethylene oxide, also contributed. Supply disruptions from a force majeure event at a major manufacturing facility, seasonal demand spikes, and the correlation between rising crude oil prices and raw material costs further impacted the price surge. In Q2 2024, Polyethylene Glycol (PEG) prices in the APAC region surged due to high demand from pharmaceutical and personal care sectors. Supply chain disruptions, ethylene oxide shortages, and rising freight costs contributed to the price hike. Geopolitical tensions in the Middle East affected crude oil prices, influencing PEG production costs.

In Q2 2024, the Polyethylene Glycol (PEG) market in Europe saw stable conditions. Demand from pharmaceutical and personal care sectors kept prices up. Post-pandemic industrial recovery led to strong offtakes. Crude oil price stabilization curbed raw material cost fluctuations. Improved supply chain logistics and reduced delays maintained steady supply flow. Seasonal demand in Germany caused a slight price increase. In the MEA region, Polyethylene Glycol (PEG) prices surged in Q2 2024 due to high demand from pharmaceutical and personal care sectors. Logistical challenges, increased freight charges, and supply chain disruptions contributed to the price increase. Geopolitical tensions in the Red Sea affected shipping routes and freight rates. Saudi Arabia saw significant price hikes driven by seasonality, plant shutdowns, and rising production costs.

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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