Title: Triethylene Glycol Market - Forecast (2021 - 2026)
1Triethylene Glycol MarketMarket size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2021-2026
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- Triethylene Glycol (TEG) Market is forecast to
reach 850.63 billion by 2025, after growing at a
CAGR of 4.1 during 2020-2025. - With rise in the consumption of solvent in
various end use applications and increasing
natural gas extraction activities, the
triethylene glycol market is witnessing an
increase in the demand.
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Key Takeaways
- Asia-Pacific dominates the triethylene glycol
market owing to increasing government incentives
for natural gas exploration projects,
particularly in China and India. - Growing demand of natural gas from various end
used industries, is likely to aid in the market
growth of triethylene glycol. As it is used as a
dehydrating agent for natural gas pipelines where
it removes the water from the gas before being
condensed and reused in the system.
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By Distribution Channel- Segment Analysis
Natural gas dehydration application segment has
been the primary market for triethylene glycol
for many years and is expected to grow with a
CAGR of 4.5 over the forecast period from
2020-2025. Natural gas demand has grown
remarkably in 2018, increasing by 4.6, its
highest growth rate since the beginning of the
decade.
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- Triethylene Glycol Market Industry Outlook
- The Dow Chemical Company,
- Huntsman Corporation,
- BASF AG,
- Royal Dutch Shell,
- Eastman Chemical Company,
- Exxon Mobil Corporation
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Triethylene Glycol Market- Forecast (2021 -
2026) Learn More About the Report _at_
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lycol-Market-Research-503386
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- Analyst Briefing
- Data Tables
- Key Contacts
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