Glycol Market nalysis, Technical Study and Business Opportunities to 2027 | Shell, Huntsman International

The new study on the Global “Glycol Market” 2021-2027 analyzes the crucial capabilities, key infrastructures, major organizations, evaluates measures to attain potential success in the Glycol industry. Because of the in-depth overview of the Global Glycol market, the recent papers allow investors, traders, and manufacturers to plan some innovative techniques, and meanwhile, align them with operational and commercial enterprise models. Additionally, the Glycol market report offers crucial facets at the technological modifications that gained the market, competitive environment, behavioral updates, and so on.

In regards to explaining powerful insights of the global Glycol market, the research report permits the investors and stakeholders to grab different techniques to extend distinct commercial patterns and practices. Besides this, the market report offers important statistics about the worldwide Glycol market such as opportunities, threats, main drivers, and key restraints of the Glycol market in the period of the years 2021-2027.

The global Glycol market exhibited moderate growth during 2021-2027. Looking onward, the market to grow at a CAGR of around 4.1%.

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The leading market players listed are:

DowDuPont, BASF, Shell, Huntsman International, SABIC, AkzoNobel, Reliance Industries, MEGlobal, INEOS, SABIC, H.B. Fuller, Jebro

Market Overview:

Major factors driving the market studied are increasing demand for polyester films, PU adhesives, and PET bottles from the packaging industry and increasing demand for propylene glycol from the food & beverage industry. On the flip side, the toxic nature of ethylene glycol and unfavorable conditions arising due to the COVID-19 outbreak is hindering the growth of the market.

The packaging industry is expected to dominate the global glycol market over the forecast period.

Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from countries, such as China, India, and Japan.

Types of Products:

Automotive
HVAC
Textiles
Airline
Medical
Pipeline Maintenance
Polyester Fibers & Resin
Food & Beverage Processing
Others

Application spectrum:

Ethylene Glycol
Propylene Glycol
Others

Market Analysis:

The packaging industry is one of the largest sectors in the global economy and is one of the fastest-growing sectors. The industry is anticipated to register a CAGR of more than 7% during the forecast period.

Polyester films, made from ethylene glycol, are used in many types of packaging applications, ranging from food and drugs to industrial and consumer goods. Thus, growth in the packaging industry would ensure continuous demand for glycols.

PET (polyethylene terephthalate) plastic bottles and containers, produced by the polymerization of ethylene glycol and terephthalic acid, are among the most popular consumer pack types in the global consumer packaging market. The market is expected to register a CAGR of more than 8% during the forecast period.

Regions and Countries Level Analysis:

Asia-Pacific is expected to dominate the market for glycol consumption, and it is also expected to be the fastest-growing market during the forecast period, with increasing demand from end-user industries such as packaging, food & beverage, cosmetics, textile, etc. in countries, such as China, Japan, South Korea, India, and the Southeast Asian nations.

The packaging market in the Asia-Pacific region is driven by factors such as population growth, rise in disposable income, urbanization, and growing demand for fast-moving consumer goods, including E-commerce. The use of engineering plastic products in the packaging sector (PET containers, bottles, etc.) is increasing at a tremendous rate, owing to their advantages.

The report offers an in-depth assessment of the growth and other aspects of the Glycol market in important countries (regions), including:

North America (the 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, etc.)

Middle East & Africa (Saudi Arabia, Egypt, Nigeria, and South Africa)

Impact and Recovery Analysis of Covid-19:

COVID-19 has the ability to impact the global economy in three ways: directly affecting production and demand, disrupting supply chains and marketplaces, and having a financial impact on businesses and financial Glycol markets.

Our researchers, who keep a close watch on global events, anticipate that the Glycol market will provide profitable prospects for producers as a result of the COVID-19 crisis. The report's goal is to provide a more complete picture of the current situation, the economic downturn, and COVID-19's impact on the entire industry.

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Highlights of the report:

A complete backdrop analysis, which contains an assessment of the parent Glycol market

Important changes in market dynamics

Market segmentation up to the second or third level

Historical, current, and expected size of the Glycol market from the standpoint of both value and volume

Reporting and evaluation of recent industry developments

Market shares and strategies of key players

Emerging position segments and regional Glycol market

An impartial assessment of the trajectory of the market

References to companies for strengthening their foothold in the market   

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Customization:

The Global Glycol market report may be modified to meet your specific business needs. Because we understand what our clients want, we provide 25% customization for any of our syndicated reports at no additional cost to all of our clients.

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This release was published on openPR.