In its latest report, ESOMAR-certified market research firm Future Market Insights offers an extensive study on the market for Ethylene Glycol. FMI provides a new study to elucidate the potential growth parameters of the Ethylene Glycol market. On the back of prevailing trends FMI presents a positive growth outlook.
Major factors driving the market are the growing demand from the textile industry and automotive industry. The availability of enhanced ethylene glycol production technology, increased popularity of bio-based ethylene glycol, and rising demand from the textile industry are projected to fuel market expansion throughout the forecast period.
Rapid growth in the textile and PET resin products industries is expected to boost the consumption during the forecast period.
The packaging industry has been driven by rapid growth and changing lifestyles of consumers, and the growing use of Polyethylene Terephthalate (PET) in a variety of consumer goods products, including as food containers and bottles, is expected to enhance demand for MEG which is likely to boost the market throughout the forecast period.
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Impact of COVID-19 on Ethylene Glycol Market
The pandemic has placed an enormous strain on the chemicals & materials industry including its workforce, supply-chain, infrastructure, and market players. The first wave of COVID-19 that hit the regions across the globe, compelled the chemicals & materials industry to adapt and develop its infrastructure and innovate in a short period of time. Against this backdrop, FMI tracks the changes, improvement, profits and losses in the industry among the existing players as well as the new entrants within the industry.
The FMI’s recently published report presents detailed insights into the impact of COVID-19 on the Ethylene Glycol market and innovative strategies adopted by the market players to tackle the challenges encountered due to the pandemic.
Important Questions Answered in the Ethylene Glycol Market Report
- How will the Ethylene Glycol market expand through 2031?
- Which region is the most lucrative in the Ethylene Glycol market?
- What are the recent technological developments in the Ethylene Glycol market?
- What are key challenges and competition threats faced by Ethylene Glycol market players?
- Who are prominent players leading the Ethylene Glycol market?
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Ethylene Glycol Market: Key Segmentation
Extensive study of the geographical regions offers detailed insights on the market performance across major regions along with descriptive info graphics, datasets, and list of tables.
By Derivative Type:
- Monoethylene Glycol (MEG)
- Diethylene Glycol (DEG)
- Triethylene Glycol (TEG)
By Application:
- Polyester Fibres
- PET
- Antifreeze and Coolants
- Films
- Others
Ethylene Glycol Market: Competitive Evaluation
The FMI’s Ethylene Glycol market report provides a comprehensive analysis on key players operating in the Ethylene Glycol market. Some of the key players are:
- Exxon Mobil Corp.
- Dow Chemical
- SABIC
- Sinopec
- Shell chemical
- Reliance Industries ltd.
- Huntsman Chemical Corporation
- LOTTE Chemical Corp.
With a detailed analysis on positioning of top companies across the globe, emerging players, strategic players and innovators, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of key players over the forecast period.
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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