Glycols Market Estimated To Exhibiting A CAGR Of 6.7% During The Forecast Period 2018 To 2025: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.

According to a new report, “Glycol Market Size, Share & Trends Analysis Report By Product (Ethylene, Propylene), By Application (Automotive, HVAC, Textiles, Polyester Fibers & Resins, Airline), And Segment Forecasts, 2019 – 2025″ published by Grand View Research, Inc., The global glycols market size is projected to reach USD 47.26 billion by 2025,  progressing at a CAGR of 6.7% during the forecast period. Recovering end-use industries in developed nations is a key driving factor for the market.

Key Takeaways from the report:

• In terms of volume, the global market volume was estimated at 20.57 million tons in 2018. It is likely to register a CAGR of 5.3% from 2019 to 2025

• Asia Pacific accounted for over 44.0% of the global demand in 2018, with China and India being major consumers in the region

• In 2018, Monoethylene glycol (MEG) accounted for over 85.0% of the total ethylene glycol demand. MEG is widely used in polyester fibers and antifreeze formulations

• Globally, around 5.5. billion gallons of glycols are produced every year and the production rate is growing at the rate of approximately 200 million gallons per year

• EPA has listed glycol waste as hazardous and estimates only 12.0% of used antifreeze is recycled every year

• Major glycol manufacturers include BASF SE, AkzoNobel N.V., Clariant AG, and Huntsman Corporation

• Many glycol products are nowadays aiming at recycling and reusing to comply with stringent environmental and sustainability regulations, especially in North America and Europe.                      

Ethylene glycol is used in several applications that entail intermediaries for solvent couplers, resins, for freeze point depression, and humectants. These points of applications are crucial in manufacturing of a wide range of products that include polyester resins, coolants, antifreeze formulations, heat transfer fluids, latex paints, paper, textiles, cosmetic formulations, leather, solvents, electrolytic capacitors, and APIs.

Browse More Reports in Petrochemicals Industry:

• Marine Lubricants Market: Growing concerns regarding oceanic pollution caused by improper engine function and subsequent demand for fuel-efficient engines are estimated to trigger the growth of the marine lubricants market.

• Compressor Oil Market:  Growing industrial sector in the Middle East and Asia Pacific is anticipated to drive the demand for compressor oils over the forecast period.

Obtainability of bio-based glycols manufactured by ethylene and propylene glycol molasses as substitutes in various applications, combined with volatility in raw material (petrochemicals and crude oils) prices, is expected to limit market growth over the forecast period. Glycol manufacturing companies are engaged in developing innovative solutions in the form of new products, increasing processing efficiency, and developing tailored supply chain solutions.

Grand View Research has segmented the global glycols market on the basis of product, application, and region.

Glycols Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)

• Ethylene Glycol

  • Monoethylene Glycol

  • Diethylene Glycol

  • Triethylene Glycol

• Propylene Glycol

Glycols Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)

• Automotive

  • Auto Retail

  • Auto Traditional

  • Heavy-duty

  • Specialty Applications

• HVAC

• Textiles

• Airlines

• Medical

• Pipeline Maintenance

• Polyester Fibers & Resins

• Food & Beverages

• Others

Glycols Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)

• North America

  • U.S.

    • New England

    • Mid-Atlantic

    • East North Central

    • West North Central

    • South Atlantic

    • East South Central

    • West South Central

    • West

  • Canada

  • Mexico

• Europe

  • Germany

  • France

  • U.K.

• Asia Pacific

  • China

  • India

  • Japan

• Central & South America

  • Brazil

• Middle East & Africa

Explore the BI enabled intuitive market research database, Navigate with Grand View Compass , by Grand View Research, Inc.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
For more information: www.grandviewresearch.com/

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: Switzerland
Website: www.grandviewresearch.com/industry-analysis/glycols-market