Triethylene Glycol Market Overview -2027

Triethylene glycol (TEG), also known as triglycol, is an ether-alcohol derivate belonging to class of organic chemical. Triethylene glycol is characterized by having two distinct hydroxyl groups. It is transparent, soluble in acetone, ethanol, acetic acid, and pyridine but partially soluble in diethyl ether and insoluble in fat, oil, and a wide variety of hydrocarbons. TEG is a colorless liquid with mild odor and heavier than water, and it is water-soluble. In addition, TEG exhibits hygroscopic property and it reacts with a wide variety of hydrocarbons. TEG produces flammable and toxic gases whilereacting with a blend of alcohols along with nitrides, alkali metals, and strong reducing agents.TEG forms ester along with water when it reacts with oxoacids and carboxylic acids.

Increase in application of TEG as a plasticizer to manufacture plastic, as an additive in clay, cement, and concrete is anticipated to drive the market demand. TEGused as a dehydrating agent owing to its hygroscopic nature, is expected to further fuel the demand over the projected timeframe. In addition, TEG utilized in the manufacturingdifferent products, such as polyester resin, PET, emulsifier, adhesive, and polyurethane foams, are expected to boost the demand during the forecast period. However, availability of other ethylene derivates, such as monoethylene glycol and diethylene glycol owing to their low price and fewer environmental hazards hamper the market growth. Nonetheless, increase in utilization of TEG in the automotive segment in break grease and polish material is anticipated to explore new customer segments creating further opportunities.

The global triethylene glycol market is segmented into purity, application, end-user, and region. By purity, the market is divided into purity 98.2%, purity 98.5% and purity 99.9%. By application, the market is categorizedintoplasticizer, dehumidifying agent, dehydrationof natural gas, brake fluids and others. TEG is utilized as a dehumidifying agent in the oil & gas industry as well as in the air conditioner owing to its hygroscopic nature. By end user, the market is classified into textile, oil & gas, construction, automotive, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East and Africa).

Some of the key players operating in the global triethylene glycol market are The Dow Chemical Company, Huntsman Corporation, Royal Dutch Shell, Eastman Chemical Company, Exxon Mobil Corporation, Lyondell Basell Industries Holdings B.V., Lotte Chemical Corporation, BASF AG, INEOS Ltd., Saudi Basic Industries and Others.

Key Benefits for Stakeholders:

• The global triethylene glycol market size has been analyzed across four major regions.

• Porter’s five force analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the market for strategy building.

• The report outlines the current market trends and future scenario of the market size from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets.

• Major countries in each region have been mapped according to their revenue contribution to the regional market.

• The key drivers, restraints, opportunities, and trends along with their detailed impact analysis are elucidated in the study.

• The global triethylene glycol market analysis covers in-depth information of the major industry participants.

Scope of the Report:

Key Market Segmentation:

Questions answered in the global triethylene glycol market research report:

• What is the market during the forecast period?

• What will be the global triethylene glycol market size from 2020 to 2027?

• Who are the leading manufacturing companies in the market?

• How the major current trends will shape the global triethylene glycol market in the future?

• What are the driving factors and opportunities in the market?

• Which will be the niches at which players profiling with thorough plans, financials, and recent advancements should set a presence? 

• Why are some of the segments flourishing at the highest growth rate while others experience a steady growth?

• What are the conclusions of the report?