AMA Research, a global market research and consulting organization, have released a new study titled "Triethylene Glycol market - Global outlook to 2027". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Triethylene Glycol market to grow at a CAGR of %.
The End-User Industry, such as Oil & Gas, is boosting the Triethylene Glycol market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global Triethylene Glycol market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Growth in Demand for Natural Gas and Plasticizers is the Key Driver and Increased Usage as a Solvent.
Triethylene Glycol is colourless, odourless with low viscosity and high boiling point. It is miscible in water and liquid 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. Substantial growth of global chemical industry has been a contributing factor for to the market growth of triethylene glycol at a global level.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Triethylene Glycol market by Type (Regular Grade and High Purity Grade), by Application (Plasticizer, Solvent, Automotive Care Product, Personal Care Products, Plastic and Rubber Products, Chemical Intermediate and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market