Triethylene Glycol (TEG) Market

Triethylene Glycol (TEG) Market Revenue Drivers, Growth Opportunities, Value Chain Analysis and Forecast Research Report Till 2022

“Global Triethylene Glycol (TEG) Market is anticipated to reach USD 718.3 million by 2022, at a significant CAGR of 3.5% in the upcoming period as the scope, product types, and its applications are increasing across the globe.”

The global Triethylene Glycol (TEG) Market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development.

Market Overview: Global Triethylene Glycol (TEG) Market is anticipated to reach USD 718.3 million by 2022. Tri-ethylene glycol is an odorless, colorless, hygroscopic liquid and non-volatile in nature. Triethylene Glycol Market is anticipated to grow at a significant CAGR of 3.5% in the upcoming period as the scope, pr oduct types, and its applications are increasing across the globe.

Key Players:            

Huntsman Corporation China Petroleum & Chemical Corporation LyondellBasell SABIC Indorama Venture Clariant ExxonMobil The Dow Chemical Company Lotte Chemical Corporation INEOS Group Limited Reliance Industries Ltd Royal Dutch Shell

Request free sample to get complete analysis of top-performing companies @ https://www.millioninsights.com/industry-reports/triethylene-glycol-teg-market/request-sample Growth Drivers: Ethylene glycol is commercially prepared by oxidation of ethylene at high temperature in the presence of catalyst silver oxide, followed by hydration of ethylene oxide to produce mono, di and tri-ethylene glycol as sub-products.Tri-ethylene glycol is used as vinyl plasticizer, as in-between in the manufacture of polyester polyols and resins, and as a solvent in several various applications.

The factors that propel the growth of the TEG industry include rising demand for solvents and increasing oil & gas investigation activities across the world. On the other hand, there are factors that may hamper the growth of the market including higher derivatives of glycols, and high cost of production. Triethylene Glycol Market is anticipated to grow at a significant CAGR of 3.5% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

Product Type Outlook:  

Industrial Grade Other

Application Outlook:       

Natural gas dehydration Solvents Plasticizers Polyurethanes Humectants Polyester Resins Others

Regional Outlook:     

North America Europe Asia Pacific Latin America Middle East and Africa

Asia-Pacific accounted for the major share of the Triethylene Glycol (TEG) Market Size in 2014 and will continue to lead in the forecast period. The factors that could be attributed to the growth includes rising use of gas as a fuel source in India, China, Japan, and South Korea. Improved demand for TEG in the region.

Some of the key players that fuel the growth of the Triethylene Glycol industry comprise ExxonMobil, LyondellBasell, Honeywell International Inc. E.I. duPont de Nemours & Company, 3M, Ineos, Honam Petrochemical Corporation, Shell, SABIC, Clariant, and Reliance Industries Ltd. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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