Glycol Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, China, India, Japan, Malaysia, Thailand, Indonesia, Australia, Brazil, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2019 - 2025
Report ID: GMI1451
Glycol Market size will witness a considerable growth, with increasing demand of the organic compound in wide range of application in textile, paper, leather, automotive, paints and coating industries. Rising demand for the compound in polyester resins manufacturing will add to glycol market growth in forecast time frame. Textile manufacturers are shifting focus on low cost and easily accessible chemical intermediates. Surge in the application of product as a protecting group in organic synthesis will be a major driving force for glycol market growth.
Growing demand of product as a coolant and antifreeze will propel the glycol market in forecast time frame. Product application as a heat transfer agent in automobiles, computers, and air conditioning appliances are expected to increase considerably in coming years which will add to glycol market growth. Increasing demand for the product as a raw material for manufacturing polyester fibers especially polyethylene terephthalate is most significant factor responsible for glycol market growth in forecast period.
The product affinity for water and high boiling point properties make product even more popular, and its application as a desiccant will continue to witness significant gains in forecast period. Upsurge in preference of the product as a dehydrating agent to remove water vapors from natural gas will lead to glycol market growth in forecast period. Minor application of product includes manufacturing of capacitors, an anti-corrosive substance in liquid cooling systems, vaccines and screen cleaning solutions.
Asia-Pacific region is anticipated to witness significant demand of the product in forecast period owing to rising demand of polyethylene terephthalate in packaging industry. Growing demand of product for industrial applications in the region will further support product penetration. Packaging and textile industry are the largest consumer of organic compounds. The product is widely used as a chemical intermediate in fabrics, upholstery, and carpets manufacturing. The region is native to a large number of producers which will supplement rising product demand. Increasing concern over production of ethylene glycol from coal in China will further add to product growth. Further, China investment to raise production capacities will propel glycol market demand in forecast period.
North America is projected to provide various growth opportunities for the product owing to surge in product application in polyethylene terephthalate production over forecast period. Product is widely used for manufacturing PET and rising demand from the electrical & electronic and automotive industries in U.S will lead to surge in consumption of product. At the same time, surge in demand for product as industrial alcohol will further add to glycol market growth. Escalating
Global product market is highly fragmented and competitive in nature. Some of the key companies are Huntsman, MEGlobal, Idemitsu, Shell, SABIC, BASF and Dow Chemical Company. The companies are competing to increase market share and their customer base. Manufacturers are investing heavily in expansion projects to meet rising demand of consumers.
In 2016, Huntsman completed an expansion project in North America to increase its ethylene oxide capacity by more than 24 percent. Ethylene oxide is used as a raw material for production of glycol for manufacturing agricultural, electronics and personal care products. Emerging countries mainly China offer great business opportunities for glycol market growth owing to surge in petrochemical business.
What Information does this report contain?
Customize this Report
Our Market Research Reports Include:
- Market snapshot
- Market Segmentation
- Value Chain Analysis
- Growth Dynamics
- Potential Market Opportunities
- Regulatory Overview
- Technology Evolution
- Innovation & Sustainability
Why Global Market Insights?Comprehensive Research
- All-inclusive coverage
- In-depth and granular data (ex: information for 8 to 15 countries, with clients open to add to this list, in each report)
- Penetrative insights & latest trends
- Offers holistic understanding of the market
- Unique methodology
- Iterative in nature to eliminate errors
- Detailed methodology, scope, assumptions and data sources available for reference
- Committed to making a positive difference for our clients
- Given the nature of this industry, we are committed to ensure that our clients get maximum return on their investment in our services
- Every purchase comes with an option to obtain additional information:
- up to 10% of the original cost
- 45-minute analyst tele-call to obtain further clarity on the market.
- Global Market Insights, Inc. strictly adheres to PCI-DSS security norms.
- Only PCI-DSS compliant payment methods used for highest level of client data security
Connect with our sales team