Ethylene Glycol Market | Size, Share, Growth Analysis, Price, and Report 2021-2026 - Digital Journal

2022-06-09 06:35:05 By : Mr. Terry Huang

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The latest report by IMARC Group, titled “Ethylene Glycol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” offers a comprehensive analysis of the industry, which comprises insights on the global ethylene glycol market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global ethylene glycol market exhibited moderate growth during 2015-2020. Looking forward, IMARC Group expects the global ethylene glycol market to grow at a CAGR of 4% during 2021-2026. Ethylene glycol, which has the chemical formula (CH2OH)2, represents a slightly viscous and transparent chemical compound that is generally used as an industrial coolant and anti-freezing agent. Some of the common product variants are mono-ethylene glycol (MEG), di-ethylene glycol (DEG), and tri-ethylene glycol (TEG). Ethylene glycol is utilized as a raw material in the production of polyester fibers, fiberglass, polyethylene terephthalate resin, etc., which are in turn used in the manufacturing of bathtubs, bowling balls, packaging materials, etc. Additionally, it is also widely utilized in heat transfer fluids in heating, ventilating and air conditioning (HVAC) systems and compressors. Ethylene glycol also finds extensive applications in numerous consumer products, including hydraulic brake fluids, solvents, plastics, paints, films, cosmetics, etc.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Important Attribute and highlights of the Report:

Global Ethylene Glycol Market Trends:

The increasing product usage in the manufacturing of plastic packaging is one of the key factors driving the ethylene glycol market. Moreover, the growing number of industrial applications of ethylene glycol, owing to its high boiling point, resistance to corrosion, hygroscopicity, etc., is further catalyzing the market growth. Besides this, the widespread adoption of polyester fibers as cushioning materials in pillows, comforters, upholstery padding, etc., is acting as another significant growth-inducing factor. Furthermore, the continuous development of bio-based and eco-friendly variants and the escalating environmental consciousness among consumers are projected to fuel the ethylene glycol market over the forecasted period.

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The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

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