DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/n77csn/global_ethylene) has announced the addition of the "Global Ethylene Glycol Market 2014-2018" report to their offering.
The analysts forecast the Global Ethylene Glycol market to grow at a CAGR of 4.71% over the period 2013-2018
Ethylene glycol is a versatile organic compound which has properties such as clarity and viscosity. It acts as a hydroscopic liquid at room temperature. It is used in polyester films, fibers, and PET resin that are used for packaging, as well as a raw material in antifreeze coolants. MEG is the most important type of ethylene glycol, which is used in fibers, films, and bottles. DEG and TEG glycol is obtained as a co-product during the manufacturing process of MEG.
One major trend upcoming in the market is the growing demand for polyester fibers in the APAC region. With growing industrialization and changing lifestyles, the demand for and use of polyester fibers is increasing, which, in turn, is increasing the Global Ethylene Glycol market.
According to the report, the most important driver of the market is the growing demand for polyethylene terephthalate for packaging purposes. It is used to pack food items and beverages, household cleaning products, and pharmaceutical products. PET containers help protect the flavor, appearance, and aroma of food compared to other packaging material.
Further, the report states that one of the major challenges confronting the market is the volatility of raw material prices. The market is experiencing fluctuations in the prices of raw materials such as crude oil, which affect the production of ethylene glycol.
The Global Ethylene Glycol market can be segmented into three divisions based on product type:
- DOW Chemical
- Huntsman International
- Reliance Industries
- SABIC Innovative Plastics
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Global Ethylene Glycol Market
- Market Segmentation by Product Type
- Market Segmentation by Application
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/n77csn/global_ethylene