The ICIS Glycol Ether reports are published in Asia, Europe and the US on a weekly basis. Asia and US markets focus on both the ethylene and propylene based glycol ethers within this report, while in Europe these are published separately as glycol ethers and propylene glycol ethers.
Our locally based reporters gather market intelligence on demand, supply, upstream movements, production schedules and any other key factors influencing prices at the time. Follow our universally-trusted reports to help you make informed commercial decisions.
Glycol ethers Overview Transcript
Glycol ethers are made up of several types of chemicals, and due to them being characteristically soluble in water they are used primarily for solvents like paints and coatings.
They can also be used to make inks, cleaning products and pharmaceuticals among others.
Butyl glycol, PM solvent and PM acetate are some of the key chemicals found in the glycol ethers chain.
The glycol ethers market is a developing market in Asia, with growth being driven by the rapid economic expansion in countries like China which is the region’s largest solvent market.
Glycol ethers is a derivative from ethylene and propylene. It is found E series and P series, for their link with ethylene and propylene respectively. Butyl glycol, known and BG, is produced directly from normal butanol, while PM acetate and PM solvent come from propylene oxide.
With regard to BG, China and Southeast Asia are the two main importing markets. There are few plants in China, Malaysia and Japan but this is not enough to meet the demand. Hence BG is imported by global producers from their US and European plants, the market trends in the US and Europe impact market sentiment and prices in Asia.
Asia’s BG market is also influenced by the trends in upstream markets like normal butanol.
PM solvent and PM acetate is a fairly self-sufficient market within Asia. Both are produced in China, Taiwan, Japan, and Malaysia. PM solvent and PM acetate are usually traded jointly and the main buyers are found in southeast Asia. China has some local production, which is sold in parts to the local domestic market as well as into the region. PM solvent and PM acetate markets are also influenced by upstream markets like propylene and propylene oxide.
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Glycol ethers: Market overview
Updated to Q2 2015
US glycol ethers remain under pressure from low feedstock prices going into the second quarter of 2015, and price dips are expected. Demand in paints and coatings applications is expected to strengthen as the downstream automotive and construction sectors ramp up in the US.
Asian propylene glycol methyl ether (PM) and PM acetate (PMA) prices are expected to continue tracking movements in the primary feedstock propylene oxide (PO) sector in China and trend higher in the second quarter. However, feedstock cost-driven increases in PM and PMA prices were starting to stifle demand late in the first quarter. Margins for PM and PMA producers in the key China market are likely to remain squeezed by a persistent supply overhang due to the country’s excess capacity.
European glycol ether spot prices are expected to rise in the second quarter, based on higher upstream costs and the need to restore lost margins. Good and seasonally improving downstream coatings demand, along with tight supply for certain p-series glycol ether products, support upward price movement. Price increases are expected to be moderated, however, by flat domestic demand, underlying volatility and uncertainty in upstream markets, and sufficient supply.
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Glycol Ethers Methodology
About Glycol ethers
There are two groups of glycol ethers: E-series and P-series depending on whether they are made from ethylene oxide (EO) or propylene oxide (PO). They are used mainly as a solvent in a variety of domestic and industrial applications such as paints and coatings.
E-series glycol ethers are used as solvents and coalescing aids in paint formulations while higher molecular weight glycol ethers are used in hydraulic brake fluids. They are used as intermediates to make esters.
Propylene glycol ethers (PGE) are high performance industrial solvents used in paints and coatings, cleaners, inks and other applications.
In the electronics industry, PGEs are used with other solvents in the manufacture of laminates and semiconductor processes for making circuit boards.
Other applications include agricultural, cosmetic, ink, textile and adhesive products.