Global Market for Ethylene Glycol is expected to reach USD 33.36 billion
by 2020, according to a new study
by Grand View Research, Inc. Growing demand for polyethylene terephthalate
(PET) for packaging applications, primarily in Asia Pacific and Latin America
is expected to remain a key driving factor for the market. In addition, growth
from global textiles industry is also expected to support the ethylene glycol
market development over the forecast period. Volatile prices and tight supply
of raw materials, on account of frequent fluctuations in crude oil prices is
expected to inhibit the market growth over the next six years.
Mono Ethylene Glycol
(MEG) emerged as the leading product segment and accounted for 89.9% of total
market volume in 2013. MEG in addition to being the largest product segment is
also expected to be the fastest growing ethylene glycol at an estimated CAGR of
4.8% from 2014 to 2020. MEG is mainly used for manufacturing PET and growth of
global beverages market is expected to drive the demand for MEG over the
forecast period. Global market for di-ethylene glycol (DEG) is expected to
reach USD 337.1 million by 2020.
Full Research Report on Global Ethylene Glycols Market
Analysis:
http://www.grandviewresearch.com/industry-analysis/ethylene-glycols-industry
http://www.grandviewresearch.com/industry-analysis/ethylene-glycols-industry
Further key findings from the study suggest:
- The global market volume for ethylene
glycols was 16,511 kilo tons in 2013 and is expected to reach 22,815.4
kilo tons by 2020, growing at a CAGR of 4.7% from 2014 to 2020.
- PET emerged as the leading application
market for ethylene glycols and accounted for 44.2% of total market volume
in 2013. Growth of beverages industry mainly in Asia Pacific and Latin
America is expected to drive this market over the next six years.
Polyester fibers are expected to be the fastest growing market for
ethylene glycols at an estimated CAGR of 5.1% from 2014 to 2020.
- Asia Pacific dominated the global
ethylene glycols market and accounted for 66.5% of total market volume in
2013. Asia Pacific along with being the largest market is also expected to
be the fastest growing market for ethylene glycols at an estimated CAGR of
4.9% from 2014 to 2020. This can be attributed to the growth of textile
and automotive industries in the region. North America and European
markets for ethylene glycols have reached their saturation point and are
expected to grow at a relatively lower growth rates over the forecast
period.
- The global market for ethylene glycol is
fairly concentrated with top four companies operating in the market
including SABIC, Dow Chemical Company, Sinopec and Shell Chemical
accounted for over 50% of total market in 2013. Other companies operating
in the market include Formosa Plastics Group, Honam Petrochemicals and
Ineos.
View more reports of this category by Grand View Research
at: http://www.grandviewresearch.com/industry/petrochemicals-and-downstream-derivatives
For the purpose of this study, Grand View Research has
segmented the Global Ethylene Glycol Market on the basis of product,
application and region:
• Global Ethylene
Glycol Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• Monoethylene Glycol (MEG)
• Diethylene Glycol (DEG)
• Triethylene Glycol (TEG)
• Global Ethylene Glycol Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• PET
• Polyester Fibers
• Antifreeze
• Films
• Others
• Ethylene Glycol Regional Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 - 2020)
• North America
• Europe
• Asia Pacific
• RoW
• Monoethylene Glycol (MEG)
• Diethylene Glycol (DEG)
• Triethylene Glycol (TEG)
• Global Ethylene Glycol Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• PET
• Polyester Fibers
• Antifreeze
• Films
• Others
• Ethylene Glycol Regional Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 - 2020)
• North America
• Europe
• Asia Pacific
• RoW
View
Press Release Of This Research Report By Grand View Research: http://www.grandviewresearch.com/press-release/global-ethylene-glycols-market
About
Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For more Information visit us: www.grandviewresearch.com