FORT WORTH, Texas, April 28, 2015 /PRNewswire/ --
The ethylene glycol market (2014-2019) is estimated to reach $46,757.2 million by the year 2019.
Browse through the TOC of Ethylene Glycol Market for an analysis of industry trends and segments, with the help of various tables and figures.
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The ethylene glycol market is significantly penetrating their end-use industries. They have different characteristics as per their manufacturing and application requirement in the end products. The Asia-Pacific region is expected to dominate this market with its growing demand for ethylene glycol in different applications, especially the polyester fibers and PET resins. The Asia-Pacific and North American markets are estimated to show a rising growth in the next five years with the allied industries expected to stabilize the overall business need in the respective regions.
Expansion and new-product development is a key part of this market. The manufacturing companies, associations, and end-product manufacturers infuse high investments for future advancements and technology modifications of ethylene glycol to match the new demands coming from various end-user industries.
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The most valued applications of the ethylene glycol market are polyester fibers, widely used in textile industries; PET resins, used for packaging of liquids and beverages in bottles; and automotive antifreeze, used in automobiles. The ethylene glycol demand, in terms of value and volume, depicts the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, expansions, agreements, and mergers & acquisitions of the leading global companies.
The ethylene glycol market was valued at $33,109.2 million in 2014, and is estimated to reach $46,757.2 million by 2019, growing at a CAGR of 7.1% from 2014 to 2019. The high demand across the industries for polyester fiber, PET resin, and automotive antifreeze will increase the overall ethylene glycol consumption.
The Polyether Polyols Market was estimated to be $4,638.5 million in 2012, and is projected to grow at a CAGR of 8.5% from 2014 to 2020. The data mentioned in the report is based on the overall demand for polyether polyol in the Asia-Pacific region
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