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Triethylene Glycol Market

Triethylene Glycol Market: Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 - 2025

Triethylene Glycol Market Segmented By Product Type such as Regular grade triethylene glycol and High purity grade triethylene glycol with Application such as Manufacture of plasticizers, Dehydration of natural gas, Manufacture of polyester resins, Manufacture of Polyurethanes, Others

Market Definition and Introduction

Triethylene glycol is an organic, chemical compound which belongs to the ethylene glycol product category. It is a liquid by physical form, and displays characteristics such as it being transparent, soluble in water, odorless and being viscous in nature. It displays advantages in applications where lower volatility than diethyl glycol is required, and in cases where high boiling point is needed or high molecular weight of the product is preferred.

Triethylene glycol is also known to display moisture absorption capabilities which are useful for hygroscopic applications. Triethylene glycol finds a major application in the form of dehydration of natural gas. Triethylene glycol is also used for moisture removal in air conditioning systems applications. The key role of Triethylene glycol in the petroleum industry makes it an important product to assess, with regard to its market at a global level.

Hence, considering the vital applications of triethylene glycol, the study of the triethylene glycol market becomes an important read.

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Market Segmentation

On the basis of product type
  • Regular grade triethylene glycol
  • High purity grade triethylene glycol
On the basis of application
  • Manufacture of solvents
  • Manufacture of plasticizers
  • Dehydration of natural gas
  • Manufacture of polyester resins
  • Manufacture of Polyurethanes
  • Others
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Key Trends, Drivers

It could be observed that the substantial growth of the global chemical industry in recent times has also been contributing to the market growth of triethylene glycol at a global level. Triethylene glycol also finds important applications in the manufacture of solvents and plasticizers, which in turn, find applications in the automotive industry.

The rapid expansion of the automotive industry, especially in fast growing economies such as India, China and the South East Asian region is expected to further fuel the demand growth of triethylene glycol across regions. Also, triethylene glycol has been finding increasing number of end uses in the plastics, polymer & rubber industries, which has been currently boosting triethylene glycol sales of manufacturers, and the trend is expected to continue at least over the next few years.

Increasing demand for triethylene glycol in the production of polyester resins, polyester fibers and polyethylene terephthalate (PET) resin production has also been driving the global triethylene glycol market. Besides, the use of triethylene glycol in the production of alkyl resins which find applications in the paints & pigment industry has also been on the rise, thereby signifying an important correlation between the growth of the paints & pigments industry and the triethylene glycol market.

Developed countries such as the U.S., Japan, Qatar, Russia, Germany, U.K., France, Italy & Spain, in recent times have been focusing on increased use of natural gas through favorable import & export policies, improvement of transport infrastructure & efficient utilization, thereby creating a strong potential for the triethylene glycol market at a worldwide level in the coming years. Also, new, favorable policies encouraging gas use as a clean fuel is expected to favorably impact the growth rate of the triethylene glycol market.

It is important to note that triethylene glycol is manufactured from crude oil as the primary raw material. Hence, it could be observed that fluctuations in crude oil prices have a direct impact on triethylene glycol prices. Fluctuating crude oil prices have an adverse effect on triethylene glycol price stability, thereby slowing market growth in the short run.

Also, increasingly stringent regulations with regard to the manufacture and application uses of triethylene glycol could potentially prove to be a constraint with regard to the market. This is coupled with the fact that prices of crude oil which is used for the production of triethylene glycol are volatile in nature, and dictate the cost of production of triethylene glycol to a considerable extent.

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Market Participants

Examples of the market participants in the global triethylene glycol market are as follows:

  • ExxonMobil
  • The Dow Chemical Company
  • Helm AG
  • Brenntag Nederland BV
  • Shell Chemicals
  • India Glycols Limited
  • TOC Glycol Company Limited
  • Huntsman Corporation
  • BASF SE
  • Lotte Chemical Corporation

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

- Companies Covered in This Report -

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