In the Asia Pacific region, propylene carbonate prices initially surged due to disrupted supply chains during the Lunar holiday season and sustained downstream demand. However, the second quarter saw a slowdown driven by high inflation, reduced inquiries, and decreased exports to Europe. In Europe, prices rose in Q1 supported by propylene and automotive sectors, but Russia-Ukraine tensions and feedstock costs caused Q2 decline. While improvements in propylene oxide prices provided relief, chemical manufacturing slump led to profit margin reductions. North America experienced fluctuating propylene carbonate prices in both quarters, influenced by subdued market activities, increased stockpiles, rising crude oil costs, and inflation in Q2.
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Definition
Propylene carbonate is a cyclic carbonate compound (C4H6O3) with a unique combination of properties. It's a colorless, odorless liquid that's miscible with water and many organic solvents. With a high boiling point and low volatility, it's a valuable solvent in various applications. It has good solvency for a wide range of chemicals and materials, making it versatile in industries such as electronics, paints, coatings, and cosmetics. Propylene carbonate is also used as an electrolyte in lithium-ion batteries due to its high dielectric constant and stability.
Key Details About the Propylene Carbonate 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 Propylene Carbonate 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 Propylene Carbonate Price trends, including India Propylene Carbonate price, USA Propylene Carbonate 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 the Propylene Carbonate Price Trend:
Propylene carbonate's versatile properties find extensive industrial applications. In the electronics sector, it serves as a solvent for electrolytes in lithium-ion batteries, enhancing battery performance and stability. Its excellent solvency makes it valuable in paints, coatings, adhesives, and inks, improving formulation and application processes. The cosmetics industry employs it as a solvent and emollient in creams, lotions, and hair care products due to its gentle nature. Additionally, propylene carbonate is used in the pharmaceutical sector for drug delivery systems and as a solvent for various active compounds. Its widespread use across these industries highlights its importance in enhancing product performance and stability.
Key Players:
- BASF SE
- Hunstman International LLC
- LyondellBasell Industries B.V.
- Tedia Carl Roth GmbH
- TCI Chemicals Pvt Ltd
- Shandong Shida Shenghua Chemical Group Co Ltd
- Linyi Evergreen Chemical Co Ltd
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