Glycol Market Analysis Report, Growth, Trends and Forecast from 2017 to 2024

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Glycol Market Analysis, Applications, and Segment
Forecasts, 2024 Global Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of Glycol Market

• Asia-Pacific region is anticipated to witness
  significant demand of the product in forecast
  period owing to rising demand of polyethylene
  terephthalate in packaging industry. Growing
  demand of product for industrial applications in
  the region will further support product
  penetration. Packaging and textile industry are
  the largest consumer of organic compounds. The
  product is widely used as a chemical intermediate
  in fabrics, upholstery, and carpets
  manufacturing. The region is native to a large
  number of producers which will supplement rising
  product demand. Increasing concern over
  production of ethylene glycol from coal in China
  will further add to product growth. Further,
  China investment to raise production capacities
  will propel glycol market demand in forecast
  period.
• North America is projected to provide various
  growth opportunities for the product owing to
  surge in product application in polyethylene
  terephthalate production over forecast period.
  Product is widely used for manufacturing PET and
  rising demand from the electrical electronic
  and automotive industries in U.S will lead to
  surge in consumption of product. At the same
  time, surge in demand for product as industrial
  alcohol will further add to glycol market growth.
  Escalating

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• Application Analysis of Glycol Market
• Growing demand of product as a coolant and
  antifreeze will propel the glycol market in
  forecast time frame. Product application as a
  heat transfer agent in automobiles, computers,
  and air conditioning appliances are expected to
  increase considerably in coming years which will
  add to glycol market growth. Increasing demand
  for the product as a raw material for
  manufacturing polyester fibers especially
  polyethylene terephthalate is most significant
  factor responsible for glycol market growth in
  forecast period.
• The product affinity for water and high boiling
  point properties make product even more popular,
  and its application as a desiccant will continue
  to witness significant gains in forecast period.
  Upsurge in preference of the product as a
  dehydrating agent to remove water vapors from
  natural gas will lead to glycol market growth in
  forecast period. Minor application of product
  includes manufacturing of capacitors, an
  anti-corrosive substance in liquid cooling
  systems, vaccines and screen cleaning solutions.

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Competitive Market Share of Glycol Market

• Global product market is highly fragmented and
  competitive in nature. Some of the key companies
  are Huntsman, MEGlobal, Idemitsu, Shell, SABIC,
  BASF and Dow Chemical Company. The companies are
  competing to increase market share and their
  customer base. Manufacturers are investing
  heavily in expansion projects to meet rising
  demand of consumers.
• In 2016, Huntsman completed an expansion project
  in North America to increase its ethylene oxide
  capacity by more than 24 percent. Ethylene oxide
  is used as a raw material for production of
  glycol for manufacturing agricultural,
  electronics and personal care products. Emerging
  countries mainly China offer great business
  opportunities for glycol market growth owing to
  surge in petrochemical business.

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