Title: Glycol Market Analysis Report, Growth, Trends and Forecast from 2017 to 2024
1Glycol Market Analysis, Applications, and Segment
Forecasts, 2024 Global Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
2 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
3- 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.
4 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.
5 Browse Full Market Research Report On Glycol
Market _at_ http//bit.ly/2rjFPiW Request for an
in-depth table of contents for this report
_at_ https//www.gminsights.com/request-toc/upcoming/
1451
6Stay In Touch Website www.gminsights.com Soci
al Media