In the Asia Pacific region, propylene carbonate prices surged initially due to disrupted supply chains during the Lunar holiday season and strong downstream demand. However, the second quarter saw a slowdown caused by factors like high inflation, decreased inquiries, and reduced exports to Europe. In Europe, prices rose in the first quarter due to support from the propylene and automotive sectors, but tensions between Russia and Ukraine and rising feedstock costs led to a decline in the second quarter. Although improvements in propylene oxide prices provided some relief, a slump in chemical manufacturing resulted in reductions in profit margins. North America experienced fluctuating propylene carbonate prices in both quarters, influenced by subdued market activities, increased stockpiles, rising crude oil costs, and inflation in the second quarter.
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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 boasts versatile properties that make it a cornerstone in various industrial applications. Within the electronics domain, it functions as a solvent for electrolytes in lithium-ion batteries, significantly boosting their performance and stability. Its exceptional solvency extends its value to enhancing formulations and application processes in paints, coatings, adhesives, and inks. The cosmetics industry benefits from its gentle characteristics, employing it as a solvent and emollient in creams, lotions, and hair care products. Moreover, propylene carbonate plays a crucial role in the pharmaceutical sector, aiding in drug delivery systems and serving as a solvent for a range of active compounds. Its widespread utilization across these sectors underscores its pivotal role in elevating both product performance and stability.
- 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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