Growing natural gas production and increasing demand for plasticizers are considered to be the key factor driving the global tri-ethylene glycol market over the forecast period. Furthermore, increasing use of tri-ethylene glycol to produce variety of products for industrial and commercial use such as solvents, adhesives & coatings, lubricants, polyurethane foams, emulsifiers and thermoplastics are also driving the global tri-ethylene glycol market significantly.
Pune, India -- (SBWIRE) -- 04/24/2019 -- Tri-Ethylene Glycol Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of tri-ethylene glycol market by application(natural gas dehydration, solvents, plasticizers, polyurethanes, humectants, polyester resins) market status and outlook of global and major regions, from manufacturers, and end industries.
As this report is expected to help key players among the tri-ethylene glycol market it includes the five years Industry analysis and the 6 years annual forecast from 2017 to 2023. Some of the prominent participants in the global tri-ethylene glycol market are SABIC, Reliance Industries Ltd, LyondellBasell, Eastman Chemicals, ExxonMobil, The Dow Chemical Company, Sinopec, China Petroleum & Chemical Corporation, Clariant, INEOS Group Ltd, Royal Dutch Shell, BASF, Huntsman Corporation, Indorama Venture and Formosa Plastics.
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As this report is expected to help key players among the tri-ethylene glycol market it includes the five years Industry analysis and the 6 years annual forecast from 2017 to 2023. Some of the prominent participants in the global tri-ethylene glycol market are SABIC, Reliance Industries Ltd, LyondellBasell, Eastman Chemicals, ExxonMobil, The Dow Chemical Company, Sinopec, China Petroleum & Chemical Corporation, Clariant, INEOS Group Ltd, Royal Dutch Shell, BASF, Huntsman Corporation, Indorama Venture and Formosa Plastics.
Tri-ethylene Glycol (TEG) Market: Insight
Tri-ethylene glycol is a colorless, odorless, non-volatile and hygroscopic liquid. Ethylene glycol is prepared commercially by oxidation of ethylene at high temperature in the presence of silver oxide catalyst, followed by hydration of ethylene oxide to yield mono, di and tri-ethylene glycol as co-products. Tri-ethylene glycol finds use as a vinyl plasticizer, as intermediate in the manufacture of polyester resins and polyols, and as a solvent in many miscellaneous applications. The main uses of tri-ethylene glycol depend upon its hygroscopic properties. Furthermore, the air conditioning system uses tri-ethylene glycol as dehumidifiers and when volatilized as an air disinfectant for bacteria and virus control.
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Tri-ethylene Glycol (TEG) Market: Drivers and Restraints
Furthermore, growing natural gas production and increasing demand for plasticizers are considered to be the key factor driving the global tri-ethylene glycol market over the forecast period. Furthermore, increasing use of tri-ethylene glycol to produce a variety of products for industrial and commercial use such as solvents, adhesives & coatings, lubricants, polyurethane foams, emulsifiers and thermoplastics are also driving the global tri-ethylene glycol market significantly. Moreover, the growing use of tri-ethylene glycol due to its hygroscopic nature in air conditioning systems and dehydration of natural gas will also drive the tri-ethylene glycol market globally over the forecast period.
Tri-ethylene Glycol (TEG) Market: Regional Analysis
The global Tri-ethylene Glycol market was dominated by the Asia Pacific region followed by the North American and Middle East Tri-ethylene Glycol market. On the basis of countries, the U.S., China, Saudi Arabia, Qatar and India led the global Tri-ethylene Glycol market. The growing demand for Tri-ethylene Glycol in the solvents, polyurethanes and humectants application has played a major role in driving the Tri-ethylene Glycol market across the globe. Similarly factors such as rapid industrialization leading to an increase in investments, new establishments for oil & gas exploration activities and properties of Tri-ethylene Glycol such as odourless and hygroscopic are some of the important factors responsible for the growth of the global Tri-ethylene Glycol market.
Tri-ethylene Glycol (TEG) Market: Competitive Landscape
The companies covered in the report include SABIC, Reliance Industries Ltd, LyondellBasell, Eastman Chemicals, ExxonMobil, The Dow Chemical Company, Sinopec, China Petroleum & Chemical Corporation, Clariant, INEOS Group Ltd, Royal Dutch Shell, BASF, Huntsman Corporation, Indorama Venture and Formosa Plastics.
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