Triethylene Glycol (TEG) Market with Current Trends Analysis -2022

Increasing natural gas output is expected to be one of the key factors driving TEG demand over the forecast period. Rise in gas production is expected to have a two-fold impact on the TEG market providing abundant feedstock for TEG manufacture on the supply side and utilizing TEG for gas de-hydration on the demand side. Aforementioned factor is anticipated to augment market growth over the forecast period.

The Global Triethylene Glycol (TEG) Market is expected to reach USD 718.3 million by 2022, according to a new study by Grand View Research, Inc.

Use of TEG in natural gas dehydration accounted for over 55% of global TEG volume in 2014. The segment is also expected to witness fastest growth at an estimated CAGR of over 3.5% from 2015 to 2022. High consumption of TEG in natural gas dehydration can be attributed to growing demand from developed nations including Japan, U.S., EU, Russia and Qatar.

Moreover, improving infrastructure for gas import, transport and utilization in emerging economies such as China, India and Brazil is likely to fuel TEG market over the forecast period. Positive gas industry outlook on account of policies favoring use of gas as a cleaner fuel is anticipated to assist market growth over the next seven years.

Growing chemical industry coupled with expanding end-use industries such as automotive industry especially in India and China is expected to boost demand for TEG in solvent and plasticizer applications. Increasing application scope of molded plastics and rubber is expected to result in increasing utilization of TEG over the forecast period.

Asia Pacific was the largest market accounting for over 45% of global TEG volume share in 2014. Increasing use of gas as a fuel source in China, India, South Korea and Japan is expected to result in increased demand for TEG in the region.

To Know More About Triethylene Glycol Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/triethylene-glycol-market

In addition, High technically recoverable shale gas deposits in China coupled with favorable government regulations in the country is expected to augment market demand over the next seven years.

Top Players of Triethylene Glycol (TEG) Market:

Key market participants include LyondellBasell, ExxonMobil, E.I. duPont de Nemours & Company, Honeywell International Inc. and 3M, Honam Petrochemical Corporation, Ineos, SABIC, Shell, Reliance Industries Ltd. and Clariant.

Market Segmentation of Triethylene Glycol (TEG) Market:

The Global Triethylene Glycol (TEG) Market segmented on the basis of Application and Region.

By Application:

    Natural gas dehydration
    Solvents
    Plasticizers
    Polyurethanes
    Humectants
    Polyester Resins

By Region:

    North America
    Europe
    Asia Pacific
    Latin America
    Middle East and Africa

Inquire about Triethylene Glycol Market with Our Experts @ https://www.grandviewresearch.com/inquiry/1788

North America Calcium Carbonate Market Outlook, Research, Trends and Forecast to 2025

Rising demand in various end-use industries such as paper, building, and construction, plastic, etc. is expected to support the demand for calcium carbonate in upcoming years. Further, growth of manufacturing and construction sectors in Asia Pacific and the Middle East is supposed to boost the product demand. The North America Calcium Carbonate Market is expected to reach USD 9.19 billion by 2025, according to a new report by Grand View Research, Inc. The industrial filler is expected to emerge as the largest as well as fastest growing application segment. The demand is likely to increase further owing to diversified application base of calcium carbonate as fillers in various end-use industries. Another application segment is likely to emerge as the second largest application segment. Papers coated with calcium carbonate may create problems during production, as adhesives do not stay on these papers. Excessive calcium carbonate consumption through food supplements is har...

Electronic Adhesives Industry: Global Survey, Trend Overview and 2022 Forecast

Electronic adhesives have enhanced intrinsic conductive and thermal properties which enable them to substitute soldering systems. Increasing significance of compact devices including flash drives, CDs, and communication drives is expected to drive demand over the forecast period. The Global Electronic Adhesives Market is expected to reach USD 7.80 billion by 2022, according to a new report by Grand View Research, Inc. Shift in trend toward miniaturization of electronic components has created need for these adhesives. Replacement of PCBs with multi-chip modules has also prompted product demand. PCBs are laminated plastic boards that utilized these adhesives in surface-mount components, bonding conformal coatings, wire tacking and encapsulating components. High installation costs for laminating & packaging machinery and product assembly are expected to remain key challenges for industry participants. Electrically conductive adhesives emerged as the largest product segm...

Colored Polyurethane (PU) Foams Market Outlook and Global Foresight to 2022

The market is expected to be driven by increasing developments in electronic appliances, automotive, footwear and packaging industries. Growing demand for high performance materials from automotive industry is expected to drive global colored PU foams market over the forecast period. The Global Colored Polyurethane (PU) Foams Market is expected to reach USD 20.33 billion by 2022, according to a new report by Grand View Research, Inc. Increasing construction spending in Asia Pacific is also expected to have a positive influence on the market growth. Volatile MDI/TDI prices are expected to challenge market profitability. Flexible colored PU foams were the leading product segment and accounted for over 55% of total market volume in 2014. They are widely used for cushioning applications mainly in furniture & interiors and packaging industries. Rigid PU foams are expected to witness the highest growth of 5.2% from 2015 to 2022. Growing demand for insulation products acros...

Chemical Planet

Search This Blog