Ethylene glycol is a sweet-tasting colorless liquid produced from ethylene oxide. Manufacture of ethylene glycol from ethylene oxide coproduces diethylene glycol (DEG) and triethylene glycol (TEG). Ethylene glycol is majorly used in the production of polyester fiber, PET bottle resins, and films. Other uses include ethylene glycol as coolant, dewatering agent, heat transfer agent, hydrate inhibition, runway de-icing fluids, and precursor to polymers.
MARKET DYNAMICS
Increasing demand for polyethylene terephthalate (PET) for packaging applications, primarily in the Asia Pacific and Latin America, is expected to remain a key driving factor for the market. The global textile industry's growth is also likely to support the ethylene glycol market development over the forecast period. However, volatile prices and the tight supply of raw materials, on account of frequent fluctuations in crude oil prices, are expected to inhibit the market growth over the forecast period.
MARKET SCOPE
The "Global Ethylene Glycol Market Analysis to 2028" is a specialized and in-depth study of the chemicals & materials industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the ethylene glycol market with detailed market segmentation by ethylene glycol. The global ethylene glycol market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading ethylene glycol market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global ethylene glycol market is segmented into product type and application. By product type, the ethylene glycol market is classified into Monoethylene Glycol (MEG), Diethylene Glycol (DEG), Triethylene Glycol (TEG). By application, the ethylene glycol market is classified into PET, Polyester Fibers, Antifreeze, Others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global ethylene glycol market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The ethylene glycol market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the ethylene glycol market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the ethylene glycol market in these regions.
MARKET PLAYERS
The report covers vital developments in the ethylene glycol market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the ethylene glycol market are anticipated to lucrative growth opportunities in the future with the rising demand for ethylene glycol in the global market. Below mentioned is the list of few companies engaged in the ethylene glycol market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the ethylene glycol market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.
- SABIC
- Dow Chemical Company
- Sinopec
- Shell Chemical
- Formosa Plastics Group
- Honam Petrochemicals
- Ineos
- Nouryon
- ExxonMobil
- Reliance Industries Limited
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.