Triethylene glycol refers to an organic chemical compound that belongs to the category of ethylene glycol products. It is a liquid with characteristics such as being transparent and soluble in water. It is odorless and vicious that supports its application where lower volatility is required. It is also used in cases where a high boiling point or high molecular weight of a product is needed. Triethylene glycol also possesses moisture adsorption capabilities that are essential in hygroscopic applications.
MARKET DYNAMICS
An increase in the demand for natural gas from various end-use industries like power generation, domestic applications, and transportation drive the demand for the triethylene glycol market. Besides this, rising demand for renewable sources and clean alternative to transportation fuels also drives the market growth. However, high capital costs required in the production of higher derivatives of glycols restricts the demand for Triethylene glycol. Increase in the application of plasticizers in construction, automotive and synthetic rubber production is expected to boost the market of triethylene glycol in the near future.
MARKET SCOPE
The "Global Triethylene Glycol Market Analysis to 2028" is a specialized and in-depth study of the Chemicals and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the triethylene glycol market with detailed market segmentation by purity, application, end user and geography. The global triethylene glycol market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading triethylene glycol market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global triethylene glycol market is segmented on the basis of purity, application and end user. On the basis of purity, the triethylene glycol market is segmented into purity 98.2%, purity 98.5% and purity 99.9%. As per application the market is broken into plasticizer, dehumidifying agent, dehydration of natural gas, brake fluids and others. The triethylene glycol market on the basis of end user is bifurcated into textile, oil & gas, construction, automotive and 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 triethylene glycol market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The triethylene 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 triethylene glycol market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. 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 triethylene glycol market in these regions.
MARKET PLAYERS
The reports cover key developments in the triethylene 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 partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from triethylene glycol market are anticipated to lucrative growth opportunities in the future with the rising demand for triethylene glycol market in the global market. Below mentioned is the list of few companies engaged in the triethylene glycol market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the triethylene glycol market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BASF SE
- Eastman Chemical Company
- Exxon Mobil Corporation
- Huntsman Corporation
- Ineos Ltd.
- Lotte Chemical Corporation
- Lyondell Basell Industries Holdings B.V.
- Royal Dutch Shell
- Saudi Basic Industries Corporation
- The Dow Chemical Company