Market Overview:
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.
. Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Dow Chemical Company (United States), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), Huntsman Corporation (United States), Solventis (United Kingdom), Mitsubishi Chemical Holdings (Japan), Acuro Organics Limited (India), BASF (Germany), Royal Dutch Shell (Netherlands), India Glycols (India) and Eastman Chemical Company (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Vendors of Triethylene Glycol Market Study:
Dow Chemical Company (United States), Saudi Basic Industries Corporation (SABIC) (Saudi Arabia), Huntsman Corporation (United States), Solventis (United Kingdom), Mitsubishi Chemical Holdings (Japan), Acuro Organics Limited (India), BASF (Germany), Royal Dutch Shell (Netherlands), India Glycols (India) and Eastman Chemical Company (United States)
Triethylene Glycol Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | Plasticizer, Solvent, Automotive Care Product, Personal Care Products, Plastic and Rubber Products, Chemical Intermediate and Others |
Type | Regular Grade and High Purity Grade |
End-User Industry | Oil & Gas,Chemical,Automotive,Paints & Emulsion Polymerisation,Others |
Triethylene Glycol Market Changing Dynamics
Attributes | Details |
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Growth Drivers | - Growth in Demand for Natural Gas and Plasticizers is the Key Driver
- Increased Usage as a Solvent
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Influencing Trends | - Application of High Purity Triethylene Glycol Due to Its Excellent Performance in Heat Transfer Fluids and High Boiling Point Characteristics
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Restraints | - Government Regulations to Minimize Chemical Pollution
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Road Blocks / Challenges | - Volatile Prices of Raw Materials
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Gaps & Opportunities | - High Growth of Polyester Fiber Market Due to Increasing Application in the Filaments Yarns for Textiles and Clothing Will Create Noteworthy Opportunity for the Market
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Some of the other players that are also part of study are Exxon Mobil Corporation (United States), INEOS (United Kingdom), LyondellBasell (Netherlands) and LOTTE Chemical (South Korea).
In July 2021, Clariant, a leading specialty chemical company established a joint venture with India Glycols for manufacturing renewable ethylene oxide derivatives. India Glycols is a manufacturer of green technology-based chemicals. With this deal, the main aim of Clariant is to strengthen its portfolio and expand itself in green ethylene oxide derivatives.
EPA issued a final test rule under section 4 of the Toxic Substances Control Act. According to the rule manufacturers and processors of triethylene glycol monomethyl ether have to perform developmental neurotoxicity testing. EPA also exempted residues of the antimicrobial pesticide ingredients including triethylene glycol and dipropylene glycol from the requirement of tolerance while applied to food-contact surfaces.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Triethylene Glycol market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Triethylene Glycol market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the report’s scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment .
This helps us to gather the data for the players’ revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.