Press release
Glycol Market Sales, Innovations And Trends Report 2024 To 2033
Glycol Market
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=11997&type=smp
According to The Business Research Company's, The glycol market size has grown strongly in recent years. It will grow from $39.22 billion in 2023 to $42.5 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to industrial growth and expansion, urbanization and infrastructure development, automotive industry growth, refrigeration and air conditioning, consumer product manufacturing.
The glycol market size is expected to see strong growth in the next few years. It will grow to $56.44 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to focus on renewable feedstocks, growing demand for bio-based glycols, rising demand in hvac systems, expansion of lng infrastructure, electronics industry growth. Major trends in the forecast period include technological advancements in glycol production, circular economy initiatives, smart glycol solutions, increased collaboration in research and development, glycol for energy storage.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/glycol-global-market-report
Market Drivers and Trends:
The expanding automotive industry is expected to propel the growth of the glycol market going forward. The automotive industry refers to the industry that is involved in the development, production, marketing, and sale of motor vehicles, such as automobiles, trucks, motorcycles, and other vehicles. Glycol is frequently used as a vital ingredient in engine coolants and antifreeze formulas in the automobile sector. It assists in controlling engine temperature by reducing overheating in warm weather and preventing freezing in cold weather. For instance, in May 2023, according to a report published by the European Automobile Manufacturers' Association (ACEA), in 2022, 85.4 million motor vehicles were produced worldwide, a 5.7% increase over 2021. Moreover, according to the International Organization of Motor Vehicle Manufacturers, a 36 national trade association, the total production of car and commercial vehicles in 2021 was 80,145,988, which increased to 85,016,728 in 2022. Therefore, the expanding automotive industry is driving the growth of the glycol market.
Product innovations are a key trend gaining popularity in the glycol market. Companies operating in the glycol market are focused on innovating new products and solutions to sustain their position in the market. For instance, in August 2022, Valvoline Inc., an automotive oil, additives, and lubricants manufacturing company, launched Valvoline Advanced Coolant, a glycol-based full-antifreeze coolant. This new coolant offers protection in extremely hot and cold climate conditions, protecting against overheating and freezing weather to keep the engine running. It is backward compatible with all cooling systems employing OAT coolants. It is a cutting-edge substance with a sophisticated formulation that extends the life of vehicle engines. With the help of its ethylene glycol-based formulation, it features a non-depleting organic-acid technology that might help prolong engine life and make it suitable for adverse conditions.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
ADEKA Corporation, Shell Plc, Chevron Phillips Chemical Company, Mitsubishi Chemical Corporation, The Archer-Daniels-Midland Company, Repsol S.A., The Dow Chemical Company, Saudi Basic Industries Corporation (SABIC), LyondellBasell Industries N.V., Global Bio-chem Technology Group Company Limited, Honeywell International Inc., Sumitomo Chemical Co. Ltd., INEOS Group Limited, Indorama Ventures, LOTTE Chemical Corporation, Solvay SA, Mitsui Chemicals Inc., DuPont, Akzo Nobel, Eastman Chemical Company, Celanese Corporation, Lanxess AG, Huntsman International LLC, Formosa Plastics Corporation, Nouryon Chemicals, Clariant AG, BASF SE, India Glycols Limited, SKC Inc., Meglobal International fze
Glycol Market 2024 Key Insights:
• The glycol market size is expected to see strong growth in the next few years. It will grow to $56.44 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%.
• Expanding Automotive Industry Fuels Increased Demand For Glycol
• Valvoline Introduces Advanced Glycol-Based Coolant For Enhanced Engine Protection
• Asia-Pacific was the largest region in the glycol market in 2023, and is expected to be the fastest-growing region in the forecast period
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=11997&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Glycol Market Sales, Innovations And Trends Report 2024 To 2033 here
News-ID: 3769911 • Views: …
More Releases from The Business Research Company
Analysis of Key Market Segments Driving the Racing Drones Industry
The racing drones market is rapidly evolving as technology advances and competitive events gain popularity worldwide. This sector is attracting significant interest due to innovations that enhance drone performance and pilot experience, setting the stage for impressive growth in the coming years. Let's explore the market's size, key players, emerging trends, and important segments shaping its future.
Forecasted Market Value and Expansion of Racing Drones
The racing drones market is projected…
Global Trends Overview: The Rapid Evolution of the Power By The Hour (PBH) Marke …
The Power By The Hour (PBH) market is on track for substantial expansion as the aviation industry increasingly embraces predictive maintenance and flexible service agreements. This model is gaining traction due to its ability to optimize aircraft operation costs while enhancing maintenance efficiency. Let's explore the market's expected growth, the leading players, prevailing trends, and segment breakdown to understand how PBH is shaping the future of aviation maintenance.
Projected Growth Trajectory…
Segmentation, Key Developments, and Competitive Overview of the Piezoelectric Ac …
The piezoelectric actuators market is on the verge of significant expansion as advancements in technology and growing industry demands drive its development. This market is poised to transform various sectors by offering highly precise and compact motion control solutions. Let's explore the projected market size, key players, influential trends, and detailed segmentation shaping this industry's future.
Expected Market Growth and Size of Piezoelectric Actuators by 2030
The piezoelectric actuators market is…
Market Trend Analysis: The Impact of Recent Innovations on the Orbital Transport …
The orbital transport services sector is emerging as a rapidly expanding field within the space industry, driven by increasing commercial and governmental activities in orbit. With innovative technologies and growing demand for sustainable space operations, this market is set to witness significant growth in the coming years. Let's explore the market valuation, key players, evolving trends, and segment breakdowns that define this dynamic industry.
Projected Market Value and Growth Trajectory of…
More Releases for Glycol
Major Market Shift in Caprylyl Glycol Industry: Innovation With Bio-Based Glycol …
What Is the Forecasted Market Size and Growth Rate for the Caprylyl Glycol Market?
The caprylyl glycol market has grown significantly in recent years. It is forecasted to rise from $1.59 billion in 2024 to $1.71 billion in 2025, with a CAGR of 7.6%. This growth is fueled by the increasing popularity of skincare products, the demand for organic cosmetics, the rising need for natural preservatives, expansion in end-use industries, and…
Global Glycol Market: Robust Growth Driven by Industrial Expansion and Innovatio …
Glycol Market: Surging From $42.23 Billion in 2024 to $62.02 Billion in 2029 with 8% CAGR Driven by Automotive Industry Growth and Major Technological Advancements
What Is The Projected Market Size Of The Global Glycol Market And Its Growth Rate?
• The global glycol market size is projected to grow from $42.23 billion in 2024 to $45.54 billion in 2025, with a robust 7.8% CAGR.
• The strong growth in the historic period…
Polyethylene Glycol Market Report 2024 - Polyethylene Glycol Market Share And Tr …
"The Business Research Company recently released a comprehensive report on the Global Polyethylene Glycol Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample…
Automotive Antifreeze Market : Ethylene Glycol, Propylene Glycol and Glycerin 20 …
The global automotive antifreeze market was valued at $4.92 billion in 2019, and is projected to reach $6.01 billion by 2027, registering a CAGR of 7.9% for the forecast period 2020-2027.
Download Report Sample at https://www.alliedmarketresearch.com/request-sample/2557
The key players analyzed in this automotive antifreeze market report are Castrol, Chevron Corporation, Exxon Mobil Corporation, Halfords Group PLC., Motul, Prestone Products Corporation, Rock Oil Company LLC., Royal Dutch Shell…
Automotive Antifreeze Market : Ethylene Glycol, Propylene Glycol and Glycerin 20 …
The Global Automotive Antifreeze Market by Fluid Type ( Ethylene Glycol, Propylene Glycol and Glycerin), Technology (Inorganic Additive Technology (IAT), Organic Acid Technology (OAT) and Hybrid Organic Acid Technology (HOAT)), Application (Passenger vehicle, Commercial vehicle and Construction vehicle), and Distribution Channel (Original Equipment Manufacturers (OEMs) and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2020-2027 was valued at $4.92 billion in 2019, and is projected to reach $6.01 billion by 2027,…
Glycol Dehydration Unit Market Glycol Dehydration Unit Market 2028
Persistence Market Research delivers key insights on the global glycol dehydration unit market, in its report titled, 'Glycol Dehydration Unit Market: Global Industry Analysis 2013-2017 and Forecast 2018-2028'. Over the forecast years, the global glycol dehydration unit market is expected to show a positive outlook.
The market value is expected to increase at a healthy pace over the forecast period. Based on the glycol type segment, the triethylene glycol segment is…
