Global Ethylene Glycol Market Rising at 4.07% CAGR Due to Low Transportation Cost and Polyester Fiber Demand

Ethylene Glycol Market is used as key ingredients for various industrial and commercial purposes especially in automotive and textile industry owing to their temperature resistant quality for automotive interiors and for sturdy nature in textile. This attribute has pushed the demand and supply chain to provide the particular product across the world which is helping the ethylene glycol market grow during the forecast period of 2020 to 2027.

Easy availability of crude materials to manufacture ethylene glycol is calculated to render the growth rate of 4.70% annually during the projected time phase of 2020 to 2027. The surging player penetration in the chemical industry of the Asia-Pacific (APAC) namely automobile, packaging, and coating, among others is acting as catalyst to enhance the market of ethylene glycol. 

Ethylene Glycol Market Scenario

According to Data Bridge Market Research the market for ethylene glycol is growing due to the minimized cost of transporting the material which is supported by lower down the strictness and norm by government authorities. This beneficiary factor is helping the ethylene glycol market germinate exponentially in the anticipated time period of 2020 to 2027. This progression is catering a potential requirement from the natural gas producer. Moreover the technology has led the aiding hands to develop advanced and sustainable ethylene glycol which is flourishing in bio based production of the same. Certain factors are driving the ethylene glycol market to maximum virtue of need and supplies in the seven years’ time window, hence helping the market to grow and set a strategic business ground.

Now the question is which are the other regions intuitive is targeting? Data Bridge Market Research has forecasted a large growth in the Asia-Pacific (APAC) both in terms of revenue and volume due to its indispensable footprints in the end user industry namely, textile, automobile and coating.

For more analysis on the ethylene glycol market request for a briefing with our analysts

Ethylene Glycol Market Development and Acquisition

  • In November 2019, a significant acquisition took place between two major chemical companies for application of polyester fiber, Europe’s eminent automotive polyester supplier Sinterama S.p.A and Indorama Ventures Public Company Limited (IVL), this merger will help Indorama to enhance its portfolio for producing polyester fabric for industrial and automotive interiors.

Ethylene Glycol Market Scope

The ethylene glycol market is segmented on the basis of countries into U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

  • All country based analysis of ethylene glycol market is further analyzed based on maximum granularity into further segmentation. On the basis of type, the ethylene glycol market is segmented into monoethylene Glycol (MEG), di-ethylene glycol (DEG) and tri-ethylene glycol (TEG). Based on application, the market is segmented into polyester fiber and films, PET, antifreeze and coolant and others.
  • Ethylene glycol is a chemical belongs to polymer family widely practiced for industrial and commercial purposes. They applicate there utilization in the manufacturing of clothes, carpet, fiberglass, and pillows, moreover they are also used as coolant.

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Key Pointers Covered in the Ethylene Glycol Market Industry Trends and Forecast to 2027

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the Report

  • China Petroleum & Chemical Corporation
  •  LyondellBasell Industries Holdings B.V.
  •  SABIC
  •  Shell International
  •  The Chemical Company
  •  Vinayak Organics Pvt. Ltd.
  •  Huntsman International LLC
  •  Acuro Organics Limited

Above are the key players covered in the report, to know about more and exhaustive list of ethylene glycol companies’ contact us

Research Methodology of Global Ethylene Glycol Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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