Transparency Market
Research Report Add "
Triethylene
Glycol (TEG) Market” - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2013 – 2019," to its database.
The Triethylene Glycol (TEG) Market was valued at USD 760 million and is expected to grow at a CAGR of
21.3% from 2013 to 2019 to reach an estimated value of USD
2,937.3 million by 2019.
The major factor driving the global market for TEG includes the growth of the
global natural gas market and the growing demand for plasticizers in end use
industries. Its increasing application as a solvent is also acting as a major
factor driving the global market for TEG. However, volatility in raw material
prices and regulatory issues associated with the production and use of TEG are
expected to have a negative impact on the growth of the global market.
The growing demand of natural gas in
the Asia Pacific region creates immense opportunities for major TEG
manufacturers as natural gas dehydration represents the largest application of
TEG and thus growth of natural gas in Asia Pacific will induce the TEG market
in the region to grow.
Natural gas dehydration accounted for
approximately 58.6% of the global TEG demand in 2011. Along with being the
biggest market, it is also the fastest growing application market for TEG at a
CAGR of 4.8% from 2013 to 2018. Other applications capture smaller amounts of
market and are expected to remain stagnant till 2018. Some of the other
application segments for TEG include solvents, plasticizers, polyurethane, humectants
and polyester resins.
The global market for TEG is facing the
threat of being oversupplied, mainly owing to massive capacity additions in the
Gulf Council Cooperation (GCC) in recent years. The Kingdom of Saudi Arabia
(KSA) is the major consumer of TEG in the GCC. KSA accounted for approximately
63.4% of the GCC demand for TEG in 2011.
Some of the major participants in the
global market for TEG include, SABIC (KSA), Dow Chemical (U.S.), Shell (Netherlands),
Sinopec (China), Honam Petrochemical (Korea) and so on.
This research is specially designed
to estimate and analyze the demand and performance of TEG in a global scenario.
The research provides in-depth analysis of TEG manufacturers, trend analysis by
segments and demand by geography. The report covers all the major product
segments of the TEG market and provides detailed analysis, historical data and
statistically refined forecast for the segments covered. The study presents a
comprehensive assessment of the stakeholder strategies, winning imperatives for
them by segmenting the TEG market as below:
Triethylene
Glycol Market, by Application:
-Natural Gas
Dehydration
-Solvents
-Plasticizers
-Polyurethane
-Humectants
-Polyester Resins
-Other
The report
provides a cross-sectional analysis of all the above segments with respect to
the following geographical markets:
- North America
- Europe
- MENA
- Asia Pacific
- Rest of the World (RoW)
In addition the report also covers the TEG
market for Gulf Council Cooperation (GCC) including the Kingdom of Saudi Arabia
(KSA) with their TEG supply demand scenario.
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Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: +1-866-552-3453
Email: sales@transparencymarketresearch.com
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