Ethylene Glycol Market to Record Stellar CAGR of 6.6% between 2020 and 2027 | Reliance Industries, Sinopec, SABIC, DowDuPont, Royal Dutch Shell

The global ethylene glycol market is forecast to reach USD 78.10 Billion by 2027, according to a new report by Reports and Data. Ethylene glycol is a chemical most commonly used in industrial and commercial applications, including coolant and antifreeze.

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In market segmentation by manufacturers, the report covers the following companies:

Reliance Industries, Sinopec, SABIC, DowDuPont, Royal Dutch Shell, Huntsman, AkzoNobel, BASF SE, Lotte Chemical, and Ashland Inc., among others., among others.

Ethylene glycol is used as a raw material in the production of a broad spectrum of products, including polyester fibers for upholstery, clothes, pillows, and carpet; fiberglass used in products such as bathtubs, bowling balls, and jet skis; and polyethylene terephthalate resin used in bottles and packaging film. Most of these products are cost-efficient, energy-saving, and recyclable as well. Ethylene glycol, in addition to its use in antifreeze, it is also used as an ingredient in printing inks, hydraulic fluids, and paint solvents. It is used as a reagent in making explosives, polyesters, synthetic waxes, and alkyd resins.

For the purpose of this report, Reports and Data have segmented into the global Ethylene Glycol market on the basis of type, manufacturing process, application, and region:

Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)

Monoethylene Glycol (MEG)
Diethylene Glycol (DEG)
Triethylene Glycol (TEG)

Manufacturing Process Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)

Ethylene Oxide
Coal
Biological Route
Renewable Resources

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Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)

Polyester Fiber
PET Bottle
Antifreeze
PET Films/Others
Industrial

Regional Outlook (Revenue in USD Million; 2016-2026)

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)

Further key findings from the report suggest:

-Monoethylene glycol (MEG) is a colorless, odorless, syrupy liquid with sweet taste. Mono-ethylene Glycol (MEG) can be used for applications that require chemical intermediates for resins, solvent couplers, freezing point depression, solvents, humectants, and chemical intermediates.

-Monoethylene glycol is primarily used in the manufacturing of PET and polyester resins. The product is a significant raw material for industrial resins, deicing fluids, heat transfer fluids, automotive antifreeze and coolants, water-based adhesives, latex paints and asphalt emulsions, electrolytic capacitors, textile fibers, paper, and leather.

-Ethylene glycol can be produced from ethylene, via the intermediate ethylene oxide. Reaction of ethylene oxide with water produces ethylene glycol. The highest yields of the market product occurs at acidic or neutral pH with an excess of water. Ethylene glycol yields upto 90% can be achieved under these conditions.

-Ethylene glycols finds many applications, including automobile anti-freeze, aircraft deicing, and manufacturing quenchants. Ethylene glycol fluids are used in aircraft deicing in some parts of the globe as it has a lower operational use temperature than propylene glycol.

-Large-scale consumption of the Bio-PET in America is expected to create lucrative opportunities to augment the growth of the market for ethylene glycol as it is a raw material for the production of PET. North America is forecasted to grow with a CAGR of 6.4% during the forecast period.

Aims of the study:

-To curate a concise report of the market, highlighting the key vendors and significant changes observed in the market.

-Examine the existing and emergent trends and promising technological innovations in the market.

-Assessment of market values, modeled values, and international trade values, to deduce the market volume.

-Offered research-backed insights for the parent market, cost analysis, and prevailing industry trends.

-Calculate capacity utilization rate.

Read this report with a detailed description and TOC @ https://www.reportsanddata.com/report-detail/ethylene-glycol-market

In conclusion, the Ethylene Glycol Market report is a reliable source for accessing the Market data that will exponentially accelerate your business. The report provides the principal locale, economic scenarios with the item value, benefit, supply, limit, generation, request, Market development rate, and figure and so on. Besides, the report presents a new task SWOT analysis, speculation attainability investigation, and venture return investigation.

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