Global Glycol Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Glycol Market 2021 (Includes Business Impact of COVID-19)

Global Glycol Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global glycol market report has been segmented on the basis of product, application, and region.
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Global Glycol Market: Introduction 

Glycol is alcohol with two OH groups on adjacent carbon atoms. There are two type glycols namely ethylene glycol and propylene glycol. Ethylene glycol is used as antifreeze in automobile cooling systems, human-made fibers, brake fluid, and low-freezing explosives. Propylene glycol is non-toxic, sweet, and colorless chemical, used in foods, oral hygiene, and cosmetics products as a preservative, moisture-retaining agent, and solvent.

Global Glycol Market: Dynamics 

Increasing demand for glycol in applications such as automotive, HVAC, food & beverage, textile, and others is expected to augment revenue growth of the target market over the forecast period. Introduction of bio-based propylene glycol is expected to boost the demand for propylene glycol in the food & beverage industry, which in turn drive the growth of the global target market. Moreover, increasing demand for glycol in the textile industry as a chemical intermediate in developing countries is estimated to support the revenue growth of the global market.

Global Glycol Market: Product Analysis

Among product segments, the ethylene glycol segment is estimated to grow at a steady growth rate in the global market. Ethylene glycol is widely used as heat-transferring, coolant, and antifreeze agent. Increasing demand for coolants and anti-freezing agents in the automotive industry is anticipated to support revenue growth of the segment. Increasing demand for ethylene glycol in hydraulic fluids, paint solvents, and printing inks.

Global Glycol Market: Application Analysis

Among application segments, the automotive segment is projected to grow at a higher growth rate in the target market in the next few years. Growing demand for automobiles in developing and developed economies owing to rapid urbanization and increasing purchase power of individuals is a major factor projected to drive the growth of this segment over the forecast period. The textile segment is estimated to grow at a moderate growth rate over the forecast period.

Global Glycol Market: Regional Insights

North America glycol market is expected to contribute major revenue share in the potential market. Increasing demand for glycol in the automotive industry is a major factor projected to drive revenue growth of target market in the region. Moreover, rising demand for electrical and electronic products in the region owing to the increasing purchasing power of individuals is another factor anticipated to support revenue growth of glycol market in North America over the forecast period.

North American is estimated to contribute major revenue share in the global glycol market, followed by markets in Europe and Asia Pacific. The glycol market in Asia Pacific is projected to grow at a higher growth rate over the forecast period. Increasing demand for glycols in industrial applications in the countries such as China and India is expected drive revenue growth of Asia Pacific glycol market. China is expected to contribute a major share in terms of revenue in the Asia Pacific glycol market. Moreover, growing textile industry in the region is another factor expected to drive revenue growth of glycol market in Asia Pacific.

Below are the active patents related to Glycol Market.

Patent Number: US8962895B2

Method for the production of ethylene glycol

Abstract

The present invention relates to a method for the production of ethylene glycol using a feedstock comprising an oxalate and a catalyst containing copper and/or a copper oxide, comprising contacting the feedstock with the catalyst in a reactor under the conditions of a temperature in the range from about 170 to about 270° C., a weight hourly space velocity of the oxalate in the range from about 0.2 to about 5 h-1, a molar ratio of hydrogen to the oxalate in the range from about 40:1 to about 200:1 and a reaction pressure in the range from about 1.5 to about 10 MPa, to produce an effluent containing ethylene glycol, in which the reactor is a tube-array reactor using partitioned heat exchange and adopting outer and inner tubes configured in a double-tube structure to facilitate the heat exchange of the catalyst.

Application filed Date: 2012-02-24

Application Granted Date: 2015-02-24

Current Assignee: China Petroleum and Chemical Corp Sinopec Shanghai Research Institute of Petrochemical Technology

Global Glycol Market Segmentation:

Segmentation by Product:
  
Ethylene Glycol
  
Propylene Glycol
Segmentation by Application:
  
Automotive
  
Medical
  
Textile
  
Packaging
  
Food & Beverage
  
Building & Construction
  
Other

Key Market Players included in the report:

  
AkzoNobel N.V.
  
Archer Daniels Midland Company
  
Ashland, Inc.
  
BASF SE
  
Cargill Inc.
  
Clariant AG
  
Dow Chemical Company
  
Dupont Tate & Lyle Bio Products LLC
  
Formosa Plastics Corporation
  
Huntsman International LLC
  
Idemitsu
  
INEOS
  
Kuwait Petroleum Corporation
  
LOTTE CHEMICAL CORPORATION
  
LyondellBasell Industries
  
MEGlobal
  
Petro Rabigh
  
Reliance Industries Ltd.
  
Royal Dutch Shell plc.
  
SABIC
  
Shell
  
Sinopec, Corp
  
Temix International S.R.L.
  
Ultrapar Participacoes S.A. (Ultrapar)