GLYCOL MARKET ANALYSIS

Key Developments

• In March 2024, Dow, a leading materials science company, launched two new sustainable varieties of propylene glycol (PG) solutions in the North American market. These new offerings feature bio-circular and circular feedstocks, aligning with Dow's commitment to developing more environmentally friendly products.
• In May 2022, Dow, a leading materials science company, issued an emergency notice regarding an accident at one of its upstream raw material suppliers. This incident disrupted the supplier's ability to provide key raw materials to Dow's business, leading the company to declare force majeure on its propylene glycol (PG) supply.
• In 2022, NEOS, a leading specialty chemicals company, expanded its P-Series Glycol Ether portfolio to meet the growing demand in key downstream markets. The company has also completed its first sales of the expanded product range, marking a significant milestone in its growth strategy.
• In July 2021, Dow's polyurethanes and construction chemicals business announced the expansion of its propylene glycol (PG) production capacity at its existing facility in Map Ta Phut, Thailand. The capacity was increased by 80,000 tons per year, bringing the total capacity to 250,000 tons per year. This expansion optimizes Dow's existing asset infrastructure to support the continued growth in high-value applications and helps the company gain customer attention in fast-growing markets.