Global Ethylene Glycol market 2024-2030

The global ethylene glycol market is remarkably penetrating the end-users in the industries. They have different properties based on their manufacturing and demanding requirement in the end products. Expansion and new-product development are a major key asset of this market. The manufacturing companies, associations, and end-product manufacturers pool in high investments for future innovations and technological modifications of ethylene glycol to fulfill the new demands of arising from various its end-user industries.

Ethylene glycol compounds based polyester fibers are widely segmented and are used primarily in the textile industries. Fabrics made from polyester compounds are in use nationally in apparel and home furnishings, bed sheets, blankets, upholstered furniture, and computer mouse pads. The Industrial polyester fibers are extensively used in the manufacturing of tire reinforcements, safety belts, coated fabrics, and fabrics for conveyor belts and much more.

The report on the global ethylene glycol market shows insights on the existing market state of affairs by conducting more than 280 hours of primary and secondary research. According to the report, global ethylene glycol market is growing its area and effective sphere of influence very fast and is gaining popularity. The global ethylene glycol market was estimated at US $ xxx million in the year 2018 and slated to reach US $ xxx million by the year 2023, rising at a CAGR of xx % from the year 2018 to 2023.

The demand of PET for the packaging industry and has been a significant driving factor for the mono ethylene glycol (MEG) market. Industries like food & beverage and pharmaceutical packaging are the primary key contributors to its industrial growth. The crucial driving force for the polyester fibers market is the rising need from especially the textile industry.

A major hindrancefor the global ethylene oxide market is high volatility in the crude oil prices. With the crude oil prices rising upwards the price trends are predicted to reflect in the ethylene prices which is in the see as an essential raw material for the production of ethylene oxide and ethylene glycol. The crude oil price unpredictability is anticipated to reflect in the prices of both EO and EG. The upwards tendency in EO and EG prices is most likely to prompt the prices of EO and EG producers and to pass on the burden of rising feedstock costs to the buyers that might have chances to hamper the market.

The Asia-Pacific is at the top the list in the consumption and production of MEG and is likely to retain its position due to the increasing demand of textile and fiber production in the region. The North America and European areas are likely to reflect a slow and sluggish risedue to the presence of strict regulations and lawswith regards to the manufacturing of the product.

Some prominent players in the global ethylene glycol market are SABIC, Royal Dutch Shell PLC, Reliance Industries Limited, Mitsubishi Chemical Corporation (MCC), and DowDuPont.

The research procedure starts with the bifurcation of different market segments of global ethylene glycol market, followed by uncovering the factors stirring the growth each segment. Then, the market forecasts are done based on the inputs given by the business leaders across global ethylene glycol industry value chain. Market Krystal held more than 40 interviews for this study, details of which are mentioned:

By company type:

Manufacturers (35%), Suppliers (35%), Consumers (10%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (35%), Asia (30%), Europe (35%)

By designation:

Top level (40%), Operation level (30%), Mid-level (30%)

Contents of the report:

• Insights on the global ethylene glycol market Industry dynamics
• Current estimation of the global ethylene glycol market size in terms of value and volume
• Global ethylene glycol market breakup based on product type and application.
• Substantiated global ethylene glycol market forecast for the next five years
• Detailed analysis of the key companies operating across different nodes of global ethylene glycol industry value chain.