Ethylene Glycol Market Production Analysis 2021 - 2031 | Company Profiles Exxon Mobil Corp., Dow Chemical, SABIC, Sinopec, Shell chemical, Reliance Industries ltd.

Survey Conducted by Future Market Insights (FMI), a Leading Market Research and Competitive Intelligence Provider Offers Insights into Vital Dynamics Facilitating the Growth in the Global Ethylene Glycol Market over the Assessment Period 2021-2031

A comprehensive study on Ethylene Glycol market by FMI provides insights into key factors and opportunities facilitating the growth in the market. The report conducts an in-depth analysis into factors affecting the change in consumer behavior and purchasing patterns. The survey offers detailed insights into scope for expansion in developed and developing markets through 2031.

As per the recent research conducted by a leading market insights provider FMI, the global Ethylene Glycol market will expand at a healthy CAGR over the forecast period between 2021 and 2031. The aim of this study is to analyze key market dynamics affecting the sales of Ethylene Glycol and provide vital insights to business owners to get benefited from forthcoming opportunities.

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Upsurge in the Trend of Green Chemistry to Facilitate the Growth in the Ethylene Glycol Market
Governments of several countries are emphasizing on implementing regulations on chemicals that are hazardous for environment, owing to the rising concerns regarding environment sustainability. Hence, growing trend of green chemistry or sustainable chemistry is being witnessed across the chemical industry.
Citing this trend, chemical manufacturers are reviewing their business strategies and shifting their focus towards adopting eco-friendly practices for the production of sustainable alternatives or less toxic chemicals. This is expected to favor the growth in the Ethylene Glycol market.

Key Ethylene Glycol Market Takeaways and Projections

• The U.S. will lead the North America Ethylene Glycol market, projecting the fastest growth in the region between 2021 and 2031
• Germany will collectively hold the largest share in the Europe market over the assessment period.
• India will emerge as a highly remunerative market in South Asia, contributing significant revenue share in the region through 2031.
• China will dominate the East Asia market, accounting for the largest demand share during the forecast period.

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What is Driving Demand for Ethylene Glycol

Major factors driving the market are the growing demand from the textile industry and automotive industry. The availability of enhanced ethylene glycol production technology, increased popularity of bio-based ethylene glycol, and rising demand from the textile industry are projected to fuel market expansion throughout the forecast period.

Rapid growth in the textile and PET resin products industries is expected to boost the consumption during the forecast period.

The packaging industry has been driven by rapid growth and changing lifestyles of consumers, and the growing use of Polyethylene Terephthalate (PET) in a variety of consumer goods products, including as food containers and bottles, is expected to enhance demand for MEG which is likely to boost the market throughout the forecast period.

Competitive Landscape Analysis
The survey offers insights into critical trends and opportunities across technology industry and studies their impact on demand-supply forces in the Ethylene Glycol market. It also profiles a list of prominent companies including Exxon Mobil Corp., Dow Chemical, SABIC, Sinopec, Shell chemical, Reliance Industries ltd., Huntsman Chemical Corporation, LOTTE Chemical Corp., , Kuwait Petroleum Corporation, LyondellBasell Industries, Formosa Plastics Corporation

To offer an in-depth analysis of prevailing competition, the survey provides a thorough market share analysis. The report also highlights key expansion strategies adopted by the Tier 1, Tier 2, and Tier 3 players.

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Ethylene Glycol Demand Analysis by Category
By Derivative Type:
• Monoethylene Glycol (MEG)
• Diethylene Glycol (DEG)
• Triethylene Glycol (TEG)

By Application:
• Polyester Fibres
• PET
• Antifreeze and Coolants
• Films
• Others

By End Use Industry:
• Textiles
• Automotive
• Packaging
• Others

Region
• North America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

This release was published on openPR.