Market Value of Ethylene Glycol was $33,109.2 Million in 2014

Date: 2015-08-10

“Ethylene Glycol Market Application (Polyester fibers, PET resins, Automotive Antifreeze, and others) & Geography — Global Trends and Forecasts to 2019

The market value of ethylene glycol was $33,109.2 million in 2014. It is projected to grow to $46,757.2 million by 2019, at a CAGR of 7.1%.

The data mentioned in this report are based on global demand for ethylene glycol. This report divides the global ethylene glycol market on the basis of applications and geography. The global ethylene glycol market is also classified based on different applications. The important applications include polyester fibers, PET resins, antifreeze for automotive, and others. Polyester fiber and PET resin industries are expected to show rapid growth in the future.

This report also presents a competitive landscape covering different strategies and developments such as mergers & acquisitions, expansions, and agreements undertaken by the leading ethylene glycol companies in the past few years. Furthermore, different ethylene glycol market participants are also profiled in the report.

Ethylene glycol is widely used to discourage the formation of natural gas clathrates (hydrates) in long multiphase pipelines that are used to convey natural gas from remote gas fields to a gas processing facilities.  It is also used in the natural gas industry to remove water vapor from natural gas before further processing.

In this report, the global ethylene glycol market has been analyzed to get an idea about the current proceedings in the industry at the commercial level. The study provides the value chain analysis with respect to ethylene glycol raw materials, manufacturers, and end-users. The value chain describes the key contributors to the materials market at different stages, from product development to end use. It represents the top players which are contributing to the global ethylene glycol industry.

The key companies in this market are Eastman (North America), Shell Chemicals (Russia), Nan Ya Plastics (Asia-Pacific), Reliance (Asia-Pacific), and Sinopec (Asia-Pacific). These companies are consistently focusing on expanding their production capacity to achieve a competitive advantage, thereby serving the customers more effectively. Investments in expansion of plant capacities, followed by acquisitions were the most preferred strategies by the top players in the year 2012 & 2013. And these activities, in turn, drive the demand of ethylene glycol. Strategy of key players to capture the market in developing economies includes expansions and agreements. 

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