21st November 2019 – Global Triethylene
Glycol (TEG) Market is anticipated to reach USD 718.3 million by 2022.
Tri-ethylene glycol is an odorless, colorless, hygroscopic liquid and
non-volatile in nature. Ethylene glycol is commercially prepared by oxidation
of ethylene at high temperature in the presence of catalyst silver oxide,
followed by hydration of ethylene oxide to produce mono, di and tri-ethylene
glycol as sub-products. Tri-ethylene glycol is used as vinyl plasticizer, as
in-between in the manufacture of polyester polyols and resins, and as a solvent
in several various applications.
The factors that propel the growth of
the TEG industry include rising demand for solvents and increasing oil &
gas investigation activities across the world. On the other hand, there are
factors that may hamper the growth of the market including higher derivatives
of glycols, and high cost of production. Triethylene Glycol Market is
anticipated to grow at a significant CAGR of 3.5% in the upcoming period as the
scope, product types, and its applications are increasing across the globe.
Get
a Sample Copy of This Report @ https://www.millioninsights.com/industry-reports/triethylene-glycol-teg-market/request-sample
Triethylene Glycol (TEG) industry may be
explored by product type, application, and geography. The market may be
explored by product type as industrial Grade, and Other. The key application
that could be explored in the TEG Market include Solvents, Polyester Resins,
Natural gas dehydration, Plasticizers, Humectants, Polyurethanes, and Others.
The “Natural Gas Dehydration” segment led the Triethylene Glycol industry in
2015 and is anticipated to maintain its dominance by 2022.
Asia-Pacific accounted for the major
share of the Triethylene Glycol (TEG) Market Size in 2014 and will continue to
lead in the forecast period. The factors that could be attributed to the growth
includes rising use of gas as a fuel source in India, China, Japan, and South
Korea. Improved demand for TEG in the region.
Some of the key players that fuel the
growth of the Triethylene Glycol industry comprise ExxonMobil, LyondellBasell,
Honeywell International Inc. E.I. duPont de Nemours & Company, 3M, Ineos,
Honam Petrochemical Corporation, Shell, SABIC, Clariant, and Reliance
Industries Ltd. The leading companies are taking up partnerships, mergers and
acquisitions, and joint ventures in order to boost the inorganic growth of the
industry.
Get
in touch
At Million Insights, we work with the
aim to reach the highest levels of customer satisfaction. Our representatives
strive to understand diverse client requirements and cater to the same with the
most innovative and functional solutions.
For
More Information, Visit @ https://www.millioninsights.com
No comments:
Post a Comment