Butyl Glycol Price in Malaysia
- Malaysia: 1055 USD/Ton
In Q4 2023, the Asia Pacific region saw a positive shift in the price of butyl glycol, thanks to increased demand downstream. In Malaysia, the price trend for butyl alcohol peaked at 1055 USD/Ton.
The latest report by IMARC, titled "Butyl Glycol Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data" delivers a comprehensive analysis of butyl glycol prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Butyl Glycol Prices December 2023:
- Malaysia: 1055 USD/Ton
- Germany: 1245 USD/Ton
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The study delves into the factors affecting butyl 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.
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Butyl Glycol Price Trend- Q4 2023
The butyl glycol market is largely influenced by regional demand and supply dynamics, upstream raw material costs, and specific industry requirements. The driving force behind the butyl glycol market varies significantly across different regions due to diverse industrial applications and market conditions. In the Asia-Pacific (APAC) region, the market has seen an uptick primarily due to robust demand from the paint and coating industry, which, in turn, has been a consequence of the firm product offers and increased buying activity. This demand surge is further bolstered by the strategic stance of producers who have adjusted their supply to meet the end-user demand, thus pushing the prices upward. Additionally, the upstream market dynamics, particularly the cost support from ethylene oxide and n-butanol markets, have remained brisk, contributing to the progressive growth in butyl glycol prices. For instance, in Malaysia, the price escalation to USD 1060/ton FOB Klang in December 2023 underscores the tight supply situation coupled with strong cost support from downstream industries.
Butyl Glycol Market Analysis
The global butyl glycol market size reached US$ 881.5 Million in 2023. By 2032 , IMARC Group expects the market to reach US$ 1321.3 Million, at a projected CAGR of 4.60% during 2023-2032 . In North America, a significant decline in butyl glycol prices was observed, mainly due to decreasing demand from the transportation and industrial heating sectors. This decline in demand leads to an accumulation of inventories, making the market bearish and reducing the urgency for new stock. Suppliers, facing reduced demand, were forced to negotiate prices and offer discounts for bulk purchases, while the upstream sector also saw a downward price trend. This situation was compounded by the cautious approach of producers who, responding to subdued market demand, curtailed production rates. The sluggish trading activities, stemming from surplus stock, further contribute to the subdued market environment, highlighting the critical influence of demand-supply mismatches and upstream cost pressures on butyl glycol prices.
Conversely, in the APAC region, the scenario was markedly different with an increase in butyl glycol prices driven by improved market trading fundamentals and a surge in downstream demand, especially from the paint and coating industry. This demand uptick prompted producers to firm up their stance, thereby pushing the prices upward. The cost structure in this region was notably impacted by firmer product offers and increased buying activity, alongside strong cost support from the upstream markets of ethylene oxide and n-butanol. The tight supply situation, coupled with strong demand from downstream industries, led to accelerated trading activities, exemplified by the surge in butyl glycol prices in Malaysia.
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Key Points Covered in the Butyl Glycol Pricing Report:
The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:
- Butyl Glycol Prices
- Butyl Glycol Price Trend
- Butyl Glycol Demand & Supply
- Butyl Glycol Market Analysis
- Demand Supply Analysis by Type
- Demand Supply Analysis by Application
- Demand Supply Analysis of Raw Materials
- Butyl Glycol Price Analysis
- Butyl Glycol Industry Drivers, Restraints, and Opportunities
- Butyl Glycol News and Recent developments
- Global Event Analysis
- List of Key Players
Regional Price Analysis:
- Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hong Kong, 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
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Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.
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