Research Nester published a report titled “Ethylene Glycol Market: Global Demand Analysis & Opportunity Outlook 2033” which delivers detailed overview of the global ethylene glycol market in terms of market segmentation by type, application, end-use industry and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global ethylene glycol market is anticipated to grow with a CAGR of ~5% during the forecast period, i.e. 2023-2033. The market is segmented by end-use industry into textile, automotive, packaging, oil & gas, transportation, medical, and others. Out of these, the textile segment is expected to garner the highest garner the highest market shares by 2033, owing to the large production of textile production. According to recent data, the worldwide production volume of textile fibers rose from 100 thousand metric tons in 2017 to 110 thousand metric ton in 2020.
The global ethylene glycol market is estimated to garner a notable revenue by 2033. Ethylene glycol is an organic compound that is used in the production of polyester fiber as a raw material. It serves as a coolant in automobile engines. It also serves as a heat transfer agent. Furthermore, mixing ethylene glycol with water has the added benefit of preventing corrosion, acid degradation, and the growth of certain bacteria. Thus, ethylene glycol is highly adopted by the automotive industry. Ethylene glycol is used as a raw material in the production of polyethylene terephthalate (PET). This is further used to make bottles of drinking water, carbonated drinks, and food packaging.
Geographically, the global ethylene glycol market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in Asia Pacific region is estimated to garner the largest market share by the end of 2033, on the back of increased sales and production of vehicles, high investments by government on research and development activities, growth in GDP level, and blooming of end-use industries.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Expand of Textile Industry to Drive the Market Growth
The boom in textile industry has raised the utilization rate of PET resin products which is acquired by ethylene glycol. Thus, this trend is anticipated to boost the consumption of ethylene glycol during the forecast period. Further, ethylene glycol is majorly used as feedstock in many textile manufacturing processes. It has varied usage in the production of PET bottle resins, polyester fiber, and films. Other uses include ethylene glycol as dewatering agent, antifreeze, coolant, and heat transfer agent, hydrate inhibition, runway de-icing fluids, and precursor to polymers. Owing to its great usability across various industries, the ethylene glycol market is expected to see a robust growth in the assessment period.
However, frequent fluctuation in prices of raw materials along with stringent regulatory policies, and high manufacturing costs is expected to operate as key restraint to the growth of the global ethylene glycol market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global ethylene glycol market which includes company profiling of Reliance Industries Limited, LOTTE Chemical Corporation, Kuwait Petroleum Corporation, Akzo Nobel N.V., Clariant International Ltd, Formosa Plastics Corporation, U.S.A., Exxon Mobil Corporation, Huntsman International LLC, SABIC, BASF, and many more. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments.
Allied Market Research published a new report, titled, " Ethylene Glycol Market: Global Opportunity Analysis and Industry Forecast, 2020–2027."
The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape.
This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.The report offers key drivers that propel the growth in the global ethylene glycol market.
These insights help to devise strategies and create new opportunities to achieve exceptional results.The research offers an extensive analysis of key players active in the global ethylene glycol industry.
These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.
visit: https://www.alliedmarketresearch.com/ethylene-glycol-market/purchase-options Key offerings of the report:Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.Regional Analysis: Thorough analysis of each region help market players devise expansion strategies and take a leap.Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.
Ethylene glycol market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market.
To gain more info on Data Bridge Market Research ethylene glycol market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.Ethylene glycol market will grow at a growth rate of 4.07% for the forecast period of 2020 to 2027.
Easy availability of raw material is creating new opportunity for the ethylene glycol market Get Sample PDF (including COVID19 Impact Analysis) of Market Report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-ethylene-glycol-marketMarket Drivers and Restraints: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.
The major players covered in the Ethylene Glycol MarketThe major players covered in the ethylene glycol market report are 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 among other domestic and global players.
Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately.
UpMarketResearch offers a latest published report on “Global Ethylene Glycol Market Industry Analysis and Forecast 2018-2025” delivering key insights and providing a competitive advantage to clients through a detailed report.
It presents a comparative detailed analysis of all the regional and major player segments, offering readers a better knowledge of areas in which they can place their existing resources and gauging the priority of a particular region in order to boost their standing in the global market.
The numerical data is backed up by statistical tools such as SWOT analysis, BCG matrix, SCOT analysis, PESTLE analysis and so on.
The statistics are represented in graphical format for a clear understanding on facts and figures.
The generated report is firmly based on primary research, interviews with top executives, news sources and information insiders.
The major manufacturers covered in this reportSABICMEGlobalShellFormosa PlasticsDowdupontReliance IndustriesSinopecBASFPTTGCSiburLotte ChemicalEastmanExxonmobilHuntsmanIneos OxideIndian OilIndia GlycolsIndoramaAkzo NobelClariantLG ChemMitsui ChemicalsMitsubishi Chemical CorporationKuwait Petroleum Corporation Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, coveringNorth AmericaEuropeChinaJapanRest APACLatin America On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split intoMonoethylene Glycol (MEG)Diethylene Glycol (DEG)Triethylene Glycol (TEG) By Application, the market can be split intoFiberPETFilmAntifreeze & CoolantOthers The Report covers in-depth analysis as follows:Chapter 1 Overview of Ethylene GlycolChapter 2 Global Market Status and Forecast by RegionsChapter 3 Global Market Status and Forecast by TypesChapter 4 Global Market Status and Forecast by Downstream IndustryChapter 5 Market Driving Factor Analysis of Ethylene GlycolChapter 6 Ethylene Glycol Market Competition Status by Major ManufacturersChapter 7 Ethylene Glycol Major Manufacturers Introduction and Market DataChapter 8 Upstream and Downstream Market Analysis of Ethylene GlycolChapter 9 Cost and Gross Margin Analysis of Ethylene GlycolChapter 10 Marketing Status Analysis of Ethylene GlycolChapter 11 Report ConclusionChapter 12 Research Methodology and Reference Buy this report@ https://www.upmarketresearch.com/buy/ethylene-glycol-market “Global Ethylene Glycol Market Industry Analysis and Forecast 2018-2025” report helps the clients to take business decisions and to understand strategies of major players in the industry.
