As per the report titled ‘Glycols Market Share, Size, Trends, & Industry Analysis Report, By Product, By End-Use, By Regions: Segment Forecast, 2018 - 2026’, available with Market Study Report, global glycols market is projected to record 5.1% CAGR during 2018-2026 and accumulate USD 49.36 billion by the end of the forecast timeframe.
 

According to industry experts, escalating demand for propylene glycol and ethylene glycol in several end-use applications is driving the growth of global glycols market.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/2509607/
 

For the uninitiated, ethylene glycols are stable chemicals that are non-corrosive and exhibit high flash points. These are extensively consumed in the automotive sector for manufacturing of automotive coolant or antifreeze. Whereas, propylene glycols are non-toxic liquids that are colorless and odorless, and are mostly used in applications such as heat transfer fluids, antifreeze coolants, paint & coatings, plasticizers, and functional fluids. Moreover, these glycols and their derivatives act as vital conditioning agents in vinyl floor tiles, adhesives, cork, cellulose sponges, printing inks, synthetic rubbers, and paper products. Hence, such applications will continue to sustain global glycols market growth.
 

Based on product type, global glycols industry from ethylene glycol segment is further fragmented into tri-ethylene glycol (TEG), di-ethylene glycol (DEG), and mono-ethylene glycol (MEG), among which, the last segment accounts for largest volume share, attributable to product demand for manufacturing of polyester grade EG. This product grade is utilized in production of PET fibers, resins, and other materials like textiles, tire cords, video tapes, and water containers.
 

Global glycols market from diethylene glycol (DEG) segment is expected to witness modest gains in the coming years owing to applications in adhesives, cement processing, heat transfer fluids, and cleansers.  Further, it is utilized as a chemical intermediate for production of unsaturated polyester resins and polyurethanes.
 

For the record, fluctuations in prices of petrochemicals production over the last few years affected the pricing of ethylene and propylene glycol in 2017, especially in APAC. This was due to variations in supply-demand, which negatively impacted the overall glycol market growth, however, the industry bounced back with MEG prices witnessing gains due to upsurge in demand for polyester fibers from other regional markets.
 

Considering the regional outlook, global glycols market is partitioned into Asia Pacific, North America, Latin America, and Middle East & Africa.
 

Key players influencing worldwide glycols industry trends are Clariant AG, AkzoNobel N.V., Huntsman Corporation, China Petroleum & Chemical Corp., LyondellBasell Industries N.V., Total S.A., Royal Dutch Shell plc, Saudi Basic Industries Corporation (SABIC), Formosa Plastics Corp., and DOW Chemical Co.