Ethylene Glycol Market Size, Share, Growth, Demand & Trends by 2033

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 Ethylene glycol, a versatile organic compound, finds extensive use as an antifreeze and coolant in various applications, including automotive engines and HVAC systems. Its ability to lower the freezing point and elevate the boiling point of water makes it invaluable in extreme temperature conditions. Additionally, ethylene glycol serves as a raw material in the production of plastics, resins, and other industrial products, showcasing its widespread importance.

As per the recent research conducted by a leading market insights provider FMI, the global Ethylene Glycol market will expand at a healthy CAGR over the forecast period between 2023 and 2033. The aim of this study is to analyze key market dynamics affecting the sales of Ethylene Glycol and provide vital insights to business owners to get benefited from forthcoming opportunities.

The report conducts an in-depth analysis into factors affecting the change in consumer behavior and purchasing patterns. It highlights the key growth prospects for the demand and sales across seven major regions. It also provides refines sales projections and assist market players in identifying the remunerative segments among the verticals.

For details on vendors and their offerings - Request a sample report: https://www.futuremarketinsights.com/reports/sample/rep-gb-13820

Upsurge in the Trend of Green Chemistry to Facilitate the Growth in the Ethylene Glycol Market

Governments of several countries are emphasizing on implementing regulations on chemicals that are hazardous for environment, owing to the rising concerns regarding environment sustainability. Hence, growing trend of green chemistry or sustainable chemistry is being witnessed across the chemical industry.

Citing this trend, chemical manufacturers are reviewing their business strategies and shifting their focus towards adopting eco-friendly practices for the production of sustainable alternatives or less toxic chemicals. This is expected to favor the growth in the Ethylene Glycol market.

Key Ethylene Glycol Market Takeaways and Projections

  • The USA will lead the North America Ethylene Glycol market, projecting the fastest growth in the region between forecast period
  • Germany will collectively hold the largest share in the Europe market over the assessment period.
  • India will emerge as a highly remunerative market in South Asia, contributing significant revenue share in the region through forecast period.
  • China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
  • In terms of segments, will hold the lion’s share in the market, expanding at a robust CAGR during the next ten years.

Competitive Landscape Analysis

The survey offers insights into critical trends and opportunities across technology industry and studies their impact on demand-supply forces in the Ethylene Glycol market. It also profiles a list of prominent companies including

  1. Exxon Mobil Corp.
  2. Dow Chemical
  3. SABIC
  4. Sinopec
  5. Shell Chemical
  6. Reliance Industries Ltd.
  7. Huntsman Chemical Corporation
  8. LOTTE Chemical Corp.
  9. Kuwait Petroleum Corporation
  10. LyondellBasell Industries
  11. Formosa Plastics Corporation

Key Segments Profiled in the Ethylene Glycol Industry Survey

By Derivative Type:

  • Monoethylene Glycol (MEG)
  • Diethylene Glycol (DEG)
  • Triethylene Glycol (TEG)

By Application:

  • Polyester Fibres
  • PET
  • Antifreeze and Coolants
  • Films
  • Others

By End Use Industry:

  • Textiles
    • Apparel
    • Non-Apparel
  • Automotive
  • Packaging
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

Why Buy FMI’s Report?

  • Extensive analysis on high growth niche markets across major regions
  • Detailed assessment on key segments and sub-segments
  • Recent and upcoming strategies tracked of manufacturers for the Ethylene Glycol market
  • Reliable information on new product launches, technological advancements, and more
  • Valuable insights on the impact of regulatory framework on the global Ethylene Glycol market

About Future Market Insights, Inc. (FMI)

Future Market Insights, Inc. (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

Read Full Report: https://www.futuremarketinsights.com/reports/ethylene-glycol-market

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