Ethylene Glycol Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies and Forecasts, 2012 to 2020

Hexa Research Inc.

Industry Research,Custom Research & Consulting

Ethylene Glycol Market Analysis, Market Size, Application

Analysis, Regional Outlook, Competitive Strategies And

Forecasts, 2012 To 2020

Increasing applications in end-use industries such as textile and resin based PET are expected to have a

substantial impact on global ethylene glycol market growth. Ethylene glycol is a colorless sweet liquid

that is also called monoethylene glycol (MEG). Monoehtylene glycol is a primary constituent for

downstream product industries. Ethylene glycol manufacturing process coproduces triethylene glycol

(TEG) and diethylene glycol (DEG). MEG, TEG and DEG are used as primary feedstock in many industries.

Changes in ethylene oxide prices have effects on ethylene glycol prices on account of being a primary

feedstock in manufacturing process.

Ethylene glycol is prominently used to manufacture polyester fiber, PET resins and films. Ethylene glycol

is also used as antifreeze, dewatering, heat transfer and coolant agent, precursor to polymers, runaway

de-icing fluids and hydrate inhibitors. Niche applications of ethylene glycol include aircraft components,

inks, automobile parts, pesticides, dyes cleaners, wood protective coats and preserving agent. DEG is

used to produce polyurethanes and unsaturated polyester resins.

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Hexa Research Inc.

Industry Research,Custom Research & Consulting

TEG is primarily used for dehydration of natural gas. High manufacturing cost and less byproducts yield

are expected to hinder ethylene glycol market over the forecast period. Volatile crude oil prices affected

ethylene glycol and its byproducts in recent years, and is expected to hamper ethylene glycol market

over the next eight years. However, optimum raw material utilization and bottle neck process stage

management is anticipated to offset volatile crude oil prices.

The product applications...