Glycol Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026

Report ID: GMI1451




Summary Methodology

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 
 

Europe will continue to witness substantial growth due to upsurge in consumption of industrial solvents mainly in Germany, Spain and Sweden. The region will be leading in terms of use of ethylene chemical intermediates as  dissolved fuels in manufacturing industries. European textile industry accounts over 28 percent of world textile exports Europe will hold a major share of global glycol consumption in forecast period due to rising textile and clothing sector.
 

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?

Historical data coverage: 2015 to 2019; Growth Projections: 2020 to 2026.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.


Customize this Report

Pre Book Now

Need a Discount? Get in touch with us for special pricing

Request Discount

Our Market Research Reports Include:

  • Market snapshot
  • Market Segmentation
  • Value Chain Analysis
  • Growth Dynamics
  • Potential Market Opportunities
  • Regulatory Overview
  • Technology Evolution
  • Innovation & Sustainability

Connect with our sales team

Benefits of Association

Data Coverage & Quality

GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.

Client Trust & Security

GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.

Customer Service

Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.

GMIPulse, our report store

We have introduced ‘GMIPulse’, which is our report store; designed to offer clients a one-stop platform for all market research and business intelligence requirements. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. GMIPulse allows you to track relevant industries and stay informed with latest innovation, competitive and regulatory developments to help design strategic framework.

Chat with us
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X