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The report on Tri-ethylene Glycol Market by application(natural gas dehydration, solvents, plasticizers, polyurethanes, humectants, polyester resins) trends analysis and forecasts up to 2023
The report on Tri-ethylene Glycol Market by application(natural gas dehydration, solvents,
plasticizers, polyurethanes, humectants, polyester resins) trends analysis and forecasts up to 2023
studies the market sizes, key trends and opportunities in the main geographies such as North
America, Europe, Asia-Pacific, Rest of the World. According to the report the Global Tri-ethylene
Glycol Market is projected to grow with a CAGR between 4.5% and 5.0% in terms of value over the
period of 2017-2023. The growth in the world market is primarily driven by significant contribution
by North America (Leading region) region to this market.
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The global tri-ethylene glycol market was sized over USD XX billion in 2015. The global tri-ethylene
glycol market is projected to grow with a CAGR between 4.5% and 5.0% during 2017-2023 and
reach USD XX billion by 2023. Growing natural gas production and increasing demand for
plasticizers are considered to be the key factor driving the global tri-ethylene glycol market over
the forecast period. Furthermore, increasing use of tri-ethylene glycol to produce variety of
products for industrial and commercial use such as solvents, adhesives & coatings, lubricants,
polyurethane foams, emulsifiers and thermoplastics are also driving the global tri-ethylene glycol
market significantly. Moreover, growing use of tri-ethylene glycol due its hygroscopic nature in air
conditioning systems and dehydration of natural gas will also drive the tri-ethylene glycol market
globally over the forecast period. However, volatility in the prices of crude oil consider to be the
primary raw material for the production of TEG and unfavorable regulations related to
manufacture and application of TEG will restrain the growth of this market over the forecast
period. Hence, increasing oil & gas exploration activities and rapid industrialization in emerging
economies will bring more opportunities to the global tri-ethylene glycol market over the forecast
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The report segments the tri-ethylene glycol market by application and by region. Market
segmentation based on application includes natural gas dehydration, solvents, plasticizers,
polyurethanes, humectants, polyester resins and others. Natural gas dehydration segment is likely
to continue its dominance and is also expected to grow at the highest CAGR over the forecast
period due to high consumption of TEG in natural gas dehydration from developed nations.
Geographic Coverage and Analysis:
The report provides regional analysis covering geographies such as North America, Europe, Asia-
Pacific, Latin America and Rest of the World. In this section the key trends and market size for each
geography is provided over the period of 2017 – 2023.
Asia Pacific is accounted to be the largest market owing more than 50 % of global TEG volume
share in 2015 and it is expected to grow at a highest CAGR rate due to growing chemical industry as
well as automotive industry especially in India and China. Furthermore, increasing use of gas and
high technical recoverable shale gas deposits in India, China, South Korea and Japan with favorable
government regulations will bring more opportunities for the global tri-ethylene glycol market in
Asia Pacific region. Moreover, North America is the second largest market region due to increasing
natural gas production coupled with growing trend for natural gas based power plants.
Furthermore, in RoW region Middle East such as Saudi Arabia, Qatar, and Iran are also anticipated
to grow at a strong CAGR rate due to presence of immense natural gas reserves in these countries.
In addition, owing to abundance feedstock and easy accessibility to end use industries are also
favoring the growth of TEG market in this region over the forecast period.
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The companies covered in the report include SABIC, Reliance Industries Ltd, LyondellBasell,
Eastman Chemicals, ExxonMobil, The Dow Chemical Company, Sinopec, China Petroleum &
Chemical Corporation, Clariant, INEOS Group Ltd, Royal Dutch Shell, BASF, Huntsman Corporation,
Indorama Venture and Formosa Plastics.
The report provides deep insights on demand forecasts, market trends and micro and macro
indicators. In addition, this report provides insights on the factors that are driving and restraining
the demand of Tri-ethylene Glycol globally as well as regionally. Moreover, IGR-Growth Matrix
analysis given in the report brings an insight on the investment areas that existing or new market
players can consider. The report provides insights into the market using analytical tools such as
Porter’s five forces analysis and value chain analysis of tri-ethylene glycol.
Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We
also have highlighted future trends in the tri-ethylene glycol market that will impact the demand
during the forecast period. Moreover, the competitive analysis given in each regional market brings
an insight on the market share of the leading players. Additionally, the analysis highlights rise and
fall in the market shares of the key players in the market. This report will help manufacturers,
suppliers and distributors of the tri-ethylene glycol market to understand the present and future
trends in this market and formulate their strategies accordingly.
Infinium Global Research and Consulting Solutions is started with a single motto of being business
partner of first choice. We at Infinium work on the strengths of our clients to ensure we help them
consolidate their market position. We firmly believe in the fact that ‘if you are able to develop
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research approaches and deep dive in the market segments, we try to find out new opportunities
that our clients can encash with their existing resources. Our experts with over 100 years of
cumulative experience in research offer the best in the industry services to our clients to ensure
that they achieve their business goals.
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