Data Bridge Market Research analyses that the Glycol Market was valued at USD 35.78 billion in 2021 and is expected to reach USD 62.40 billion by 2029, registering a CAGR of 7.20% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
The usage of ethylene glycol in HVAC has created several factors for the growth of the global glycol market. Moreover, the rise in the usage of organic composites in the food and beverages packaging industry will flourish the market’s growth. Glycol is an organic compounds belonging to the alcohol family. In the molecule of glycol, two hydroxyl groups are attached to the different carbon atoms. Glycol is an odorless, colorless, sweet-tasting, flammable and viscous liquid. It can be toxic for human health if taken in high concentrations.
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Major Players in Glycol markets are:
Dow (U.S.), LyondellBasell Industries N.V. (Netherlands), BASF SE (Germany), ADM (U.S.), Global Bio-chem Technology Group Company Limited. (China), DuPont Tate Lyle Bio Products (U.S.), SKC (South Korea), Temix Oleo (Italy), INEOS Oxide (Switzerland), Huntsman International LLC (U.S.), ADEKA CORPORATION (Japan), Chaoyang Chemicals, Inc. (U.S.), Manali Petrochemicals Limited (India), Haike Chemical Group Co., Ltd. (China), Arch Chemicals Inc, (U.S.), Repsol (Spain), Midland Company (U.S.), Helm AG (Germany), Shell Plc (U.K.)
Recent Development
- In July 2021, Dow augmented propylene glycol (P.G.) capacity at its existing facility by 80,000 tons per year in Map Ta Phut, Thailand which is bringing the total capacity to 250,000 tons per year. This increased capacity boosts Dow’s existing asset infrastructure to support constant growth in high-value applications. This also aids the company to gain consumers’ attention in fast-growing markets.
- In January 2021, the Indian Oil Corporation has announced the Indian Oil Ethylene Glycol Project at Paradip, which comprises of a 180 KTA Ethylene Recovery Unit and a 357 KTA Ethylene Glycol Unit, which will produce 332 KTA MEG. This project will aid in merging the Polyester business tion by way of producing Mono Ethylene Glycol (MEG), which is used to produce bottle grade chips, polyester fibers, and polyester film grade chips.
Global Glycol Market Segmentation:
The glycol market is segmented on the basis of product, application and end-user industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Ethylene Glycol
Monoethylene Glycol
Diethylene Glycol
Triethylene Glycol
- Propylene Glycol
Application
- Automotive
- HVAC
- Textiles
- Airlines
- Medical
- Pipeline Maintenance
- Polyester Fibers and Resins
- Food and Beverage
- Others
End-user Industry
- Automotive and Transportation
- Packaging
- Food and Beverage
- Cosmetics
- Pharmaceuticals
- Textile
- Other End-user Industries
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Some Points from Table of Content:
Market Overview: It includes six chapters, research scope, major manufacturers covered, market segments by type, Glycol market segments by application, study objectives, and years considered.
Market Landscape: Here, the competition in the Worldwide Glycol Market is analyzed, by price, revenue, sales, and market share by company, market rate, competitive situations Landscape, and latest trends, merger, expansion, acquisition, and market shares of top companies.
Profiles of Manufacturers: Here, leading players of the global Glycol market are studied based on sales area, key products, gross margin, revenue, price, and production.
Market Status and Outlook by Region: In this section, the report discusses about gross margin, sales, revenue, production, market share, CAGR, and market size by region. Here, the global Glycol Market is deeply analyzed on the basis of regions and countries such as North America, Europe, China, India, Japan, and the MEA.
Application or End User: This section of the research study shows how different end-user/application segments contribute to the global Glycol Market.
Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.
Research Findings and Conclusion: This is one of the last sections of the report where the findings of the analysts and the conclusion of the research study are provided.
TOC of This Report @ https://www.databridgemarketresearch.com/toc/?dbmr=global-glycol-market
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