Words of Wisdom:

"i sold my soul for an essay" - Codizzle

Price Trends - Global Ethylene Glycol Market by Applications, by Geography, Raw Materials and Forecasts 2020

  • Date Submitted: 06/09/2014 10:44 PM
  • Flesch-Kincaid Score: 42.3 
  • Words: 683
  • Essay Grade: no grades
  • Report this Essay
The global market for ethylene glycol is expected to reach USD 33.36 billion by 2020, according to a new study by Grand View Research, Inc. Growing demand for polyethylene terephthalate (PET) for packaging applications, primarily in Asia Pacific and Latin America is expected to remain a key driving factor for the market. In addition, growth from global textiles industry is also expected to support the ethylene glycol market development over the forecast period. Volatile prices and tight supply of raw materials, on account of frequent fluctuations in crude oil prices is expected to inhibit the market growth over the next six years.

Monoethylene glycol (MEG) emerged as the leading product segment and accounted for 89.9% of total market volume in 2013. MEG in addition to being the largest product segment is also expected to be the fastest growing ethylene glycol at an estimated CAGR of 4.8% from 2014 to 2020. MEG is mainly used for manufacturing PET and growth of global beverages market is expected to drive the demand for MEG over the forecast period. Global market for di-ethylene glycol (DEG) is expected to reach USD 337.1 million by 2020.

The report “Ethylene Glycols Market Analysis By Product (MEG, DEG, TEG), By Application (PET, Polyester Fibers, Antifreeze, Films) And Segment Forecasts To 2020,” is available now to Grand View Research customers and can also be purchased directly at https://www.grandviewresearch.com/industry-analysis/ethylene-glycols-industry

Further key findings from the study suggest:

• The global market volume for ethylene glycols was 16,511 kilo tons in 2013 and is expected to reach 22,815.4 kilo tons by 2020, growing at a CAGR of 4.7% from 2014 to 2020.
• PET emerged as the leading application market for ethylene glycols and accounted for 44.2% of total market volume in 2013. Growth of beverages industry mainly in Asia Pacific and Latin America is expected to drive this market over the next six years. Polyester fibers are...


Express your owns thoughts and ideas on this essay by writing a grade and/or critique.

  1. No comments

  1. Market Study Report: China Ethylene Glycol Market Size Industry, 2013-2017
    ethylene glycol raw materials. The core raw material of the traditional petrochemical routine ethylene glycol is the ethylene...
  2. Global Thermic Fluid Market - Industry Analysis, Size, Share, Growth, Trends And Forecast, 2012 - 2018
    raw material prices 3.5 Market opportunities 3.5.1 Growth of major end use industries in Asia Pacific 3.5.2 Development of bio-based thermic fluids 3.6 Raw Material...
  3. Global Powder Coatings Market For Automotive, Electronics, Architectural And Industrial Applications...
    Global Powder Coatings Market, By Application 36 4.1 Global powder coatings market: application overview 36 4.1.1 Global powder coatings market...