The latest report by IMARC Group, titled “Ethylene Glycol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global ethylene glycol market price. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global ethylene glycol market size reached US$ 42.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 55.4 Billion by 2027, exhibiting a growth rate (CAGR) of 4.57% during 2022-2027. Ethylene glycol represents a slightly viscous and transparent chemical compound that is commonly used as an antifreeze and industrial coolant. It is available in several types, including diethylene glycol (DEG), mono ethylene glycol (MEG), and tri ethylene glycol (TEG), which are used as heat transfer fluids in compressors and heating, ventilating and air conditioning (HVAC) systems. Ethylene glycol is utilized as a raw material to produce fiberglass, polyester fibers, and polyethylene terephthalate resin, which are used in the manufacturing of bathtubs, bowling balls, upholstery, and packaging materials. It also finds widespread applications across various sectors, such as plastic, transportation, oil and gas, textile, medical, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Request Free Sample Report: https://www.imarcgroup.com/ethylene-glycol-market/requestsample
Global Ethylene Glycol Market Trends:
The escalating product demand in plastic packaging manufacturing, owing to its resistance to corrosion, hygroscopicity, high boiling point, and lubrication, is among the primary factors driving the ethylene glycol market. Besides this, the rising industrialization levels across countries, elevating environmental consciousness among the masses, and extensive research and development (R&D) activities are further augmenting the market growth. Moreover, the development of innovative and bio-based ethylene glycol to produce several consumer products, including automotive antifreeze, hydraulic brake fluids, solvents, paints, films, cosmetics, etc., is also catalyzing the global market. Apart from this, the increasing need for polyester fibers as a cushioning material in pillows, comforters, and upholstery padding is expected to bolster the ethylene glycol market in the coming years.
Explore Full Report with TOC & List of Figures: https://www.imarcgroup.com/ethylene-glycol-market
Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Akzo Nobel N.V.
- Ashland Global Holdings Inc.
- China Petrochemical Corporation
- BASF SE
- The Dow Chemical Company
- Formosa Plastics Corporation, U.S.A.
- Huntsman International LLC
- INEOS AG
- Lotte Chemical Corporation
- LyondellBasell Industries N.V.
- Reliance Industries Limited
- Shell International B.V.
- Saudi Arabian Oil Company
Breakup by Product:
- Monoethylene Glycol (MEG)
- Diethylene Glycol (DEG)
- Triethylene Glycol (TEG)
Breakup by Manufacturing Process:
- Ethylene Oxide
- Coal
- Biological Route
- Others
Breakup by Application:
- Polyester Fiber
- PET
- Antifreeze and Coolant
- Film
- Others
Breakup by End-Use Industry:
- Oil and Gas Industry
- Plastic Industry
- Transportation Industry
- Medical Industry
- Textile Industry
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact US
IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
