#Monoethylene Glycol application

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The report [123 Pages] "Monoethylene Glycol (MEG) Market by Application (Fiber, PET, Antifreeze & Coolant, Film), Technology, and Geography (Asia Pacific, North America, Europe, Middle East & Africa, and South America) - Global Forecast to 2022", Growing demand for MEG in the Fiber, PET, and film applications coupled with high demand in APAC region are driving the MEG market. The growing demand for polyester in textile industry is driving the demand of MEG in textile end-use industry.

[petrochemical07]

Understanding Key Industrial Chemicals and Their Suppliers

In today’s industrial landscape, specific chemicals play a vital role across various sectors, from manufacturing to agriculture. This article delves into essential Barite suppliers compounds like monoethylene glycol (MEG), diethylene glycol (DEG), bentonite powder, barite powder, caustic soda, and sodium bicarbonate. We’ll explore their uses, suppliers, pricing trends, and why they matter in various industries.

What is Monoethylene Glycol?

Monoethylene glycol (MEG) is a colorless, odorless liquid. It serves multiple purposes, including:

Antifreeze in cooling systems: MEG prevents the freezing of engine coolants.

Production of polyester fibers: MEG is crucial in manufacturing PET (polyethylene terephthalate).

As a solvent in various applications: Industries use it in paints, inks, and coatings.

Pricing and Suppliers

The price of MEG fluctuates based on demand, production costs, and market trends. Recently, the average price of MEG has been around $900 to $1,100 per ton. Key suppliers and manufacturers include:

BASF

SABIC

LyondellBasell

These companies dominate the market due to their extensive production capabilities and global reach.

Diethylene Glycol: An Overview

Diethylene glycol (DEG) is another essential chemical derived from ethylene glycol. It has several industrial applications:

Used as a solvent: DEG is effective in formulations for paints and varnishes.

Manufacturing plasticizers: These additives enhance the flexibility of plastics.

In the production of resins: DEG plays a crucial role in making polyester and epoxy resins.

Market Dynamics and Prices

Currently, the price for DEG is in the range of $1,000 to $1,200 per ton. Major suppliers include:

Reliance Industries

Eastman Chemical Company

Shell Chemicals

These suppliers help maintain a steady flow of DEG into the market, meeting the demands of various sectors.

Bentonite Powder: Importance and Applications

Bentonite powder is a versatile clay material widely used in various industries, including:

Construction: It acts as a sealant for landfills and ponds.

Oil and gas: Bentonite serves as a drilling mud, aiding in the extraction of oil and natural gas.

Foundry: It is crucial in molding sand for metal casting.

Pricing and Suppliers

The price of bentonite powder typically ranges from $75 to $150 per ton, depending on quality and purity. Notable suppliers include:

Black Hills Bentonite

American Colloid Company

Ashapura Group

These manufacturers ensure a consistent supply of bentonite to meet industry demands.

Barite Powder: Essential for Drilling

Barite powder is crucial in the oil and gas industry, primarily as a weighting agent in drilling fluids. Its high density helps control pressure while drilling, preventing blowouts.

Market Pricing and Suppliers

Barite prices hover around $150 to $200 per ton. Key suppliers in the market include:

Schlumberger

Halliburton

BariteWorld

These companies provide reliable sources of barite, supporting the energy sector's needs.

Caustic Soda: A Fundamental Chemical

Caustic soda (sodium hydroxide) is a strong alkaline compound essential for various processes, including:

Manufacturing soap and detergents: It’s a key ingredient in saponification.

Chemical manufacturing: Used to produce various chemicals, including chlorine and plastics.

Pulp and paper: Caustic soda is used in the pulping process to separate lignin from cellulose.

Supplier Landscape and Pricing

The price of caustic soda generally ranges from $500 to $800 per ton. Major suppliers include:

OxyChem

Dow Chemical

Westlake Chemical

These manufacturers maintain significant production capacities, ensuring steady availability in the market.

Sodium Bicarbonate: Versatile and Essential

Sodium bicarbonate, commonly known as baking soda, has various applications:

Food industry: It serves as a leavening agent in baking.

Pharmaceuticals: Used in antacids and as a pH buffer.

Cleaning: Effective in various cleaning products due to its mild abrasive properties.

Pricing and Supplier Insights

The price of sodium bicarbonate typically ranges from $300 to $500 per ton. Key suppliers include:

Solvay

Church & Dwight

Tosoh

These suppliers play a critical role in ensuring the availability of sodium bicarbonate across sectors.

Soda Ash: An Industry Staple

Soda ash (sodium carbonate) is a fundamental chemical used in glass manufacturing, detergents, and other applications.

Supplier Landscape and Pricing

The price of soda ash generally ranges from $300 to $600 per ton. Leading suppliers include:

OCI Chemical Corporation

Ciner Resources

Tronox

These companies provide essential supplies to various industries, maintaining a robust market presence.

Conclusion

Understanding the significance Mineral and market dynamics of these chemicals is vital for industries that rely on them. From MEG and DEG to bentonite and barite powders, each chemical serves critical roles across sectors. Reliable suppliers and competitive pricing ensure that manufacturers can maintain their production processes efficiently.

This overview helps readers grasp the importance of these chemicals, their suppliers, and current market trends. By staying informed about these aspects, businesses can make better decisions regarding sourcing and production strategies.

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Polyethylene Terephthalate (PET) Prices | Pricing | Trend | News | Database | Chart | Forecast

 Polyethylene Terephthalate, commonly known as PET, is a highly versatile and widely used polymer in industries such as packaging, textiles, and consumer goods. Its applications in the packaging sector, especially for food and beverages, have driven significant global demand. PET’s lightweight, strong, and recyclable nature makes it the preferred material for manufacturing bottles, containers, and synthetic fibers. However, the price of PET is subject to fluctuations due to several interconnected factors that affect the overall supply and demand dynamics in the market.

One of the primary factors influencing PET prices is the cost of raw materials, particularly crude oil and its derivatives, such as paraxylene (PX) and monoethylene glycol (MEG), which are essential components in the production of PET. The prices of these feedstocks are closely tied to global oil prices, which can be volatile due to geopolitical tensions, natural disasters, and fluctuations in supply from major oil-producing regions. When crude oil prices rise, the cost of producing PET typically increases, pushing prices higher. Conversely, when oil prices fall, PET production costs decline, often leading to lower prices in the market. This strong correlation with oil prices makes PET a commodity that is sensitive to global economic conditions and energy market dynamics.

Get Real Time Prices for Polyethylene Terephthalate (PET): https://www.chemanalyst.com/Pricing-data/polyethylene-terephthalate-72

Another important factor in determining PET prices is the balance between supply and demand in the global market. As the global economy grows, so does the demand for consumer goods, packaging, and textiles, all of which rely heavily on PET. Countries with rapidly growing populations and rising middle classes, such as China and India, have experienced significant increases in demand for PET-based products. This surge in demand can lead to tight supply conditions, driving up PET prices, particularly in regions where production capacity is limited. On the other hand, when there is an oversupply of PET, either due to increased production capacity or reduced demand, prices tend to fall.

Regional differences in supply chains and production capacities also play a significant role in shaping PET prices. Asia, particularly China, is a major producer and consumer of PET. Chinese producers have a dominant presence in the global PET market, which means that any disruptions in China’s production capabilities, whether due to environmental regulations, energy shortages, or other factors, can have a ripple effect on global prices. Meanwhile, regions like Europe and North America often rely on imports of PET, making them more vulnerable to price fluctuations driven by changes in international trade policies, tariffs, and shipping costs.

Seasonal demand trends can further contribute to variations in PET prices. For instance, the beverage industry, which is a significant consumer of PET, tends to see higher demand during the summer months, when consumption of bottled drinks peaks. This seasonal surge in demand can lead to temporary price increases as manufacturers scramble to secure enough PET to meet their production needs. Similarly, holiday seasons and special events can drive up demand for PET packaging, contributing to short-term price fluctuations.

In recent years, sustainability concerns have also influenced PET prices. Governments and environmental organizations worldwide are pushing for increased recycling rates and reduced reliance on virgin plastics. As a result, there is growing demand for recycled PET (rPET), which is produced by processing post-consumer PET products. The price of rPET can fluctuate based on the availability of recyclable materials, the efficiency of recycling processes, and regulatory incentives for using recycled content. In some cases, rPET prices may be higher than those of virgin PET due to the complexities of the recycling process and the need for high-quality feedstocks. However, as the global push for sustainability intensifies, the demand for rPET is expected to rise, potentially affecting overall PET market prices.

Technological advancements in PET production processes can also have an impact on prices. Innovations that improve production efficiency, reduce energy consumption, or enable the use of alternative feedstocks could lead to lower production costs, ultimately driving down PET prices. However, the adoption of new technologies can take time, and their impact on prices may not be immediate. Moreover, the costs associated with transitioning to more sustainable production methods or meeting stricter environmental standards can put upward pressure on prices in the short term.

Global economic conditions and trade policies also play a pivotal role in shaping PET prices. For instance, during periods of economic growth, consumer spending tends to increase, driving up demand for PET-based products. Conversely, during economic downturns, demand for these products may decline, leading to lower PET prices. Trade policies, including tariffs, quotas, and import/export restrictions, can also affect PET prices by influencing the flow of goods between countries. Trade disputes between major PET-producing and consuming nations can create uncertainty in the market, leading to price volatility.

Shipping and logistics costs are additional factors that influence PET prices. PET, like many other commodities, is often transported long distances from production facilities to end-users. Increases in shipping costs due to rising fuel prices, labor shortages, or disruptions in global supply chains can add to the overall cost of PET. Similarly, delays at ports or other transportation bottlenecks can lead to supply shortages, which in turn may drive up prices.

The COVID-19 pandemic had a significant impact on PET prices, as it disrupted supply chains, slowed down production, and altered consumer behavior. During the initial phases of the pandemic, there was a sharp decline in demand for PET due to lockdowns and reduced consumer spending. However, as economies reopened and demand for personal protective equipment, packaged food, and bottled beverages surged, PET prices began to recover. The pandemic highlighted the vulnerability of global supply chains and the need for greater resilience in the face of unexpected disruptions.

In conclusion, PET prices are influenced by a complex web of factors, including the cost of raw materials, supply and demand dynamics, regional production capacities, seasonal trends, sustainability efforts, technological advancements, economic conditions, trade policies, and shipping costs. Understanding these factors is crucial for businesses and consumers alike, as they navigate the ever-changing landscape of the global PET market.

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Monoethylene Glycol in Focus: How This Compound Powers Modern Technologies

The global monoethylene glycol (MEG) market is set for substantial growth over the coming years. According to the report, the market is projected to grow at a compound annual growth rate (CAGR) of 6% from 2022 to 2028. The revenue generated by the MEG market was approximately USD 29 billion in 2022 and is anticipated to reach approximately USD 40 billion by 2028.

What Is Monoethylene Glycol?

Monoethylene glycol is a clear, colorless, and odorless liquid that is widely used as a raw material in the production of various chemicals and industrial products. It is primarily utilized in the manufacture of antifreeze and coolants, polyester fibers, and resins. Its versatility makes it a key component in a range of applications including automotive, textile, and packaging industries.

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Market Dynamics

Several factors are driving the growth of the monoethylene glycol market:

Rising Demand in Automotive Industry: The automotive sector is a major consumer of MEG, where it is used in antifreeze and coolant formulations. The increasing production and sales of vehicles globally, particularly in emerging markets, are boosting the demand for MEG.

Growing Use in Textiles and Packaging: MEG is a critical ingredient in the production of polyester fibers, which are extensively used in the textile industry. Additionally, its application in packaging materials, especially PET (polyethylene terephthalate) bottles and containers, is contributing to market growth.

Expanding Industrial Applications: The industrial use of MEG in the production of resins, solvents, and chemicals is increasing. Its role in manufacturing various industrial products and chemicals is enhancing its demand across multiple sectors.

Technological Advancements: Innovations in the production processes of MEG, such as more efficient and sustainable methods, are making it a more attractive option for manufacturers. These advancements are contributing to market growth and expansion.

Economic Growth in Emerging Markets: Rapid industrialization and urbanization in emerging economies, particularly in Asia-Pacific and Latin America, are driving the demand for MEG. The growth of these regions' automotive and textile industries is a key factor in the market's expansion.

Regional Analysis

Asia-Pacific: The Asia-Pacific region is the largest market for MEG, driven by high demand from countries such as China and India. The region's strong industrial base, growth in automotive and textile sectors, and increasing production of polyester are major factors contributing to its dominance in the market.

North America: North America, particularly the United States, has a significant MEG market driven by its automotive and packaging industries. The region's demand for MEG is supported by advancements in technology and a stable industrial sector.

Europe: Europe has a well-established MEG market with significant contributions from the automotive, textile, and packaging industries. The region's focus on sustainability and innovation is influencing the market dynamics.

Latin America and Middle East & Africa: These regions are experiencing gradual growth in the MEG market due to increasing industrial activities and rising demand from various sectors. The expansion of automotive and textile industries is supporting market growth.

Competitive Landscape

The global MEG market is competitive, with several key players operating in the industry. Major companies include:

SABIC: A leading global chemical manufacturer, SABIC produces a wide range of MEG products and is known for its extensive production capabilities.

LyondellBasell Industries: LyondellBasell is a major player in the MEG market, offering a variety of products for industrial and consumer applications.

Reliance Industries Limited: Reliance Industries is a significant producer of MEG, serving diverse industries including automotive, textile, and packaging.

China National Petroleum Corporation (CNPC): CNPC is a major producer of MEG in China, contributing to the global supply and meeting the high demand from various sectors.

Report Overview : https://www.infiniumglobalresearch.com/reports/global-monoethylene-glycol-market

Challenges and Opportunities

While the MEG market is growing, several challenges and opportunities exist:

Volatility in Raw Material Prices: Fluctuations in the prices of raw materials used in the production of MEG can impact its cost and market dynamics. Companies need to manage these fluctuations effectively to maintain profitability.

Environmental Concerns: The production of MEG involves significant energy consumption and environmental impact. There is an opportunity for innovation in more sustainable and environmentally friendly production methods to address these concerns.

Opportunities for Growth: The increasing demand for MEG in emerging markets, along with technological advancements in production, presents opportunities for market expansion and growth. Companies that invest in innovative and sustainable technologies are likely to gain a competitive edge.

Conclusion

The global monoethylene glycol market is poised for significant growth, with a projected CAGR of 6% from 2022 to 2028. The market's expansion is driven by rising demand in the automotive, textile, and packaging industries, along with technological advancements and economic growth in emerging markets. As the industry evolves, opportunities for innovation and sustainability will shape the future of the MEG market, offering potential for continued expansion and development.

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Ethylene Oxide Market to Value at USD 49.2 billion, by 2031

The global ethylene oxide market is projected to flourish at a CAGR of 3.7% from 2023 to 2031. As per the report published by TMR, a valuation of US$ 49.2 billion is anticipated for the market in 2031. As of 2023, the demand for ethylene oxide is expected to close at US$ 38.1 billion.

Ethylene oxide is a crucial raw material for the production of polyester fibers. The growing demand for textiles, especially in developing economies, was driving the need for ethylene oxide.

Ethylene oxide is a key intermediate in producing various chemicals, including ethylene glycol, surfactants, and ethanolamines. The expansion of petrochemical industries, particularly in regions with increasing industrialization, drove the demand for ethylene oxide.

Ethylene oxide is used in the production of ethylene glycol, which, in turn, is utilized to manufacture polyethylene terephthalate (PET) resin. PET resin is widely used for bottles, containers, and packaging films in the packaging industry. The growth of the packaging industry contributes to the demand for ethylene oxide

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Ethylene glycol, derived from ethylene oxide, is used in the production of antifreeze, polyester resins, and polyester fibers. The automotive industry's growth and other manufacturing sectors contribute to the increasing demand for ethylene glycol.

Ethylene oxide is a vital sterilizing agent for medical equipment and supplies. With the increasing focus on healthcare and stringent regulations regarding sterilization, the demand for ethylene oxide in the medical sector was on the rise.

Advances in production technologies and processes can lead to increased efficiency and cost-effectiveness in ethylene oxide production, further boosting market growth.

The overall economic growth of regions and countries contributes to increased industrial activities, subsequently driving the demand for ethylene oxide in various application

Key Takeaways from the Market Study

As of 2022, the ethylene oxide market was valued at US$ 36.2 billion

By application, Monoethylene Glycol (MEG) segment to account for high revenue in the market

Ethylene Oxide Market: Key Trends and Opportunistic Frontiers

The overall economic growth of regions and countries contributes to increased industrial activities, subsequently driving the demand for ethylene oxide in various applications.

With an emphasis on sustainability, there has been a rising interest in bio-based ethylene oxide.

Growing industrial activities contribute to the demand for ethylene oxide-derived products.

Innovations in catalyst technologies, process optimization, and reactor design contribute to continuously improving production processes.

Ethylene Oxide Market: Regional Analysis

The Asia-Pacific region, particularly China and India, has been a significant driver of the ethylene oxide market. Rapid industrialization, economic growth, and a burgeoning middle class have led to increased demand for various ethylene oxide-derived products, including polyester fibers, plastics, and antifreeze.

The United States has a well-established ethylene oxide market. The demand is driven by the robust presence of the petrochemical industry and applications in manufacturing chemicals, textiles, and plastics. The medical sector's use of ethylene oxide for sterilization also contributes to the market.

Competative Landscape

Companies are carrying out significant R&D activities in order to come up with improvements in production processes. They are also expanding their product portfolios and engaging in merger & acquisition activities to extend their global footprint. Such strategies are anticipated to boost the ethylene oxide market revenue in the near future.

Dow Chemical

SABIC

Shell Group

Huntsman Corporation

BASF

Sinopec

Reliance Industries Ltd.

Key Developments in the Ethylene Oxide Market

Dow Chemical Company has been a significant player in producing ethylene oxide and its derivatives. The company has a global presence and is involved in various industries, including packaging, chemicals, and materials science.

BASF is a leading chemical company with a diversified portfolio. It is involved in producing ethylene oxide and its derivatives for use in various applications, including plastics, chemicals, and textiles.

Shell is a global energy and petrochemical company involved in producing ethylene oxide. The company has a diverse range of products and services, and its activities in the petrochemical sector contribute to its role in the ethylene oxide market.

SABIC is a major player in the petrochemical industry and is involved in the production of various chemicals, including ethylene oxide derivatives. The company has a significant presence in the Middle East and globally.

Ethylene Oxide Market Key Segments

Application

Monoethylene Glycol (MEG)

Ethoxylates

Ethanolamines

Diethylene and Triethylene Glycol

Polyols

Others

Region

North America

Latin America

Europe

Asia Pacific

Middle East & Africa

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The global monoethylene glycol (MEG) market is poised for significant growth between 2023 and 2032, driven by a steady compound annual growth rate (CAGR) of 5.3%. With a promising trajectory, the market’s value is expected to surge from USD 39,200 million in 2023 to USD 62,393.8 million by 2032. Monoethylene Glycol (MEG) is a key industrial chemical with a significant role in the production of various products, notably polyester fibers and polyethylene terephthalate (PET) resins, which are used extensively in the textile and packaging industries. As global demand for these end products continues to rise, the MEG market has experienced substantial growth, making it a critical segment within the broader chemicals industry. This article explores the current state of the MEG market, key drivers and trends, and the future outlook.

Browse the full report at https://www.credenceresearch.com/report/monoethylene-glycol-meg-market

Market Overview

MEG is a colorless, odorless, and slightly viscous liquid, produced predominantly through the catalytic hydration of ethylene oxide. Its primary applications include:

- Polyester Fiber Production: MEG is a crucial raw material in the manufacturing of polyester fibers, which are used in textiles, home furnishings, and industrial fabrics. - PET Resins: MEG is used to produce PET, a popular plastic for packaging materials like bottles and containers. - Antifreeze and Coolants: Due to its low freezing point and high boiling point, MEG is widely used in antifreeze formulations. - Other Industrial Uses: It is also used in the production of humectants, chemical intermediates, and solvents.

Key Market Drivers

1. Growing Demand for Polyester Fibers: The textile industry's expansion, particularly in developing economies like China and India, has been a major driver for MEG. Polyester fibers are favored for their durability, versatility, and cost-effectiveness, leading to increased production and, consequently, higher MEG consumption.

2. Rise in PET Resin Usage: The demand for PET resins has surged, driven by their extensive use in packaging due to their light weight, strength, and recyclability. The global shift towards sustainable packaging solutions has further boosted PET demand, thereby increasing MEG consumption.

3. Automotive Industry Growth: The automotive sector's expansion, especially in emerging markets, has spurred demand for antifreeze and coolant solutions, where MEG is a key component.

4. Technological Advancements: Innovations in production processes have improved MEG yield and quality, making it more cost-effective and attractive for industrial use.

Market Trends

- Shift Towards Bio-based MEG: Environmental concerns and regulatory pressures are pushing the industry towards sustainable practices. The development and adoption of bio-based MEG, derived from renewable resources, is a significant trend. Companies are investing in research and development to produce eco-friendly MEG alternatives that reduce carbon footprints.

- Capacity Expansions: To meet growing demand, major MEG producers are expanding their production capacities. For instance, new plants are being set up in the Middle East and Asia, regions with abundant feedstock availability and favorable economic conditions.

- Strategic Collaborations and Partnerships**: Companies are forming alliances to strengthen their market position and enhance technological capabilities. Such collaborations are aimed at improving supply chain efficiencies, reducing costs, and fostering innovation.

Regional Insights

- Asia-Pacific: The Asia-Pacific region dominates the MEG market, with China being the largest producer and consumer. Rapid industrialization, a booming textile sector, and growing automotive production are key factors driving demand in this region.

- North America and Europe: These regions have mature markets with steady demand for MEG. However, the focus here is increasingly on sustainable and bio-based MEG solutions, driven by stringent environmental regulations.

- Middle East and Africa: This region is emerging as a significant player due to the availability of ethylene, a primary raw material for MEG. Investment in new production facilities is boosting the region's market share.

Future Outlook

The MEG market is poised for sustained growth, driven by rising demand from end-use industries and technological advancements. However, challenges such as feedstock price volatility, environmental concerns, and regulatory pressures need to be addressed. The shift towards bio-based MEG presents both a challenge and an opportunity, with potential for significant market disruption.

Investment in research and development, capacity expansions, and strategic partnerships will be crucial for companies to maintain competitive advantage. As sustainability becomes a central focus, the development of eco-friendly MEG alternatives will likely shape the market's future.

Key players:

BASF SE

Reliance Industries Limited

Nan Ya Plastics Corporation

The Dow Chemical Company.

Royal Dutch Shell Plc

Saudi Basic Industries Corporation

Sinopec Zhenhai Refining & Chemical Company

Lotte Chemical Corporation

LyondellBasell Industries N.V.

Mitsubishi Chemical Corporation

Segments

By Grade Type

Industrial-grade MEG

Reagent-grade MEG

By Application Type

Polyester Fiber Production

Polyethylene Terephthalate (PET) Production

Antifreeze and Coolants

Chemical Intermediates

By Region

North America

The U.S.

Canada

Mexico

Europe

Germany

France

The U.K.

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

South-east Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

Rest of Middle East and Africa

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[researchanalysts]

Ethylene Glycol Market Outlook 2024: Strategic Growth and Competitive Analysis, Business Insights, Opportunities and Challenges

The Ethylene Glycol Market is Valued at USD 17.7 billion in 2024 and is projected to reach USD 25.4 billion by 2030, growing at a CAGR of 5.3% During the Forecast period of 2024–2032.

The global ethylene glycol market, the production of bioethylene through the dehydration of bioethanol presents an environmentally friendly alternative to conventional fossil-based ethylene production, reducing environmental impact. While a few industrial plants using generation bioethanol for bioethylene production exist, they often rely on subsidies to operate. 

The Ethylene Glycol research report offers significant bits of information into the business focus from the early stage including some steady techniques chalked out by perceptible market pioneers to develop a strong foothold and development in the business.

Major Vendors In The Global Ethylene Glycol Market: Akzo Nobel N.V, Ashland Global Specialty Chemicals Inc, BASF SE, China Petrochemical Corporation (Sinopec Group), Dow Chemical, Exxon Mobil Corp, Formosa Plastics Corporation, Huntsman Corporation, Ineos Oxide Limited (INEOS Holdings Limited), Kuwait Petroleum Corporation, LOTTE Chemical Corp., LyondellBasell Industries, Reliance Industries Ltd., SABIC, Shell Chemical and Others.

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Market Dynamics

Drivers:

Rising demand for non-ionic surfactants

Increasing demand for the textile sector.

Rapid expansion of the automotive industry

Growing demand for polyethylene terephthalate resin

Opportunities:

Technological Advancements

Easily available raw materials

Rising awareness of environmental concerns

Growing popularity for bio-based Ethylene

Pivotal Questions Answered in the Global Ethylene Glycol Market Report: ◆ What are the major value propositions of the Ethylene Glycol market? ◆ Who are the leading players functioning in the Global Ethylene Glycol marketplace? ◆ What are the growth opportunities for the new entrants in the Global Ethylene Glycol industry? ◆ What are the futuristic prospects of the Ethylene Glycol market across the globe? ◆ What are the new strategic frameworks that are mobilized among players to accomplish resilience in the wake of the COVID-19 pandemic?

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The Purpose of This Report Is to Provide: ◆ A qualitative and quantitative analysis of the Ethylene Glycol market of current trends, dynamics, and estimates from 2024 to 2032. ◆ Ultimately, this Ethylene Glycol report will help save you time and money by providing unbiased information under one roof. ◆ The in-depth market segmentation analysis helps to identify the prevailing market opportunities. ◆ Analytical tools such as SWOT analysis and Porter’s Five Forces analysis explain the power of Ethylene Glycol buyers and suppliers, to make profit-oriented decisions, and strengthen their business.

Key Segments of the Ethylene Glycol Market Include:

By Product Type

Monoethylene Glycol

Diethylene Glycol

Triethylene Glycol

By Process

Ethylene Oxide

Coal

Biological Route

Others

By Application

Antifreeze

Film

Polyester fiber

Polyethylene Terephthalate

Others

By End-user

Plastic

Transportation

Textile

Oil and gas

Others

Compelling Reasons to Purchase This Report: ◆ It facilitates comprehension of the most important product categories. Researchers shed light on the market’s dynamics, including its potential, trends, drivers, and constraints. ◆ It provides a business profile of various stakeholders and a regional analysis of the Ethylene Glycol Market.  ◆ It provides a wealth of information about popular trends that may affect the development of the Ethylene Glycol Market.

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Key Topics Covered:

1. Preface 2. Research Methodology 3. Executive Summary 4. Market Overview 5. Market Insights 6. Ethylene Glycol Market, by Molecule Type 7. Ethylene Glycol Market, by Lines of Chemotherapy 8. Ethylene Glycol Market, by Route of Administration 9. American Ethylene Glycol Market 10. Asia-Pacific Ethylene Glycol Market 11. Europe, Middle East & Africa Ethylene Glycol Market

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Driving Sustainability: The Green Revolution of Bio-Based Monoethylene Glycol

Monoethylene Glycol (MEG) is a versatile chemical compound widely used in various industries, with its primary application being in the production of polyester fibers and resins. It is a colorless, odorless liquid with a sweet taste, and its molecular structure makes it an essential building block for the manufacturing of numerous products. MEG is produced through the ethylene glycol hydration process, where ethylene oxide is transformed into monoethylene glycol with the help of catalysts. Beyond its use in the textile and polymer industries, MEG finds applications in antifreeze solutions, coolants, and as a de-icing agent due to its excellent thermal and physical properties.

Key Applications and Market Demand for Monoethylene Glycol (MEG):

The demand for Monoethylene Glycol is primarily driven by the polyester industry, where it serves as a crucial component in the production of polyester fibers and resins. Polyester is widely used in the textile industry for clothing, carpets, and other fabric-based products. The growing global population, rising disposable incomes, and changing consumer preferences contribute to the increasing demand for polyester, thereby fueling the demand for MEG. Additionally, MEG's use as an antifreeze agent in automotive applications further boosts its market demand, especially in regions with cold climates.

Industry Trends and Growth Drivers:

The Monoethylene Glycol market is influenced by various factors, including trends in the textile and automotive industries, economic development, and advancements in manufacturing technologies. As the global economy continues to expand, the demand for consumer goods such as clothing and automobiles rises, directly impacting the demand for MEG. Moreover, the increasing focus on sustainable and eco-friendly practices has led to the development of bio-based MEG, derived from renewable resources, providing a more environmentally friendly alternative. This trend aligns with the growing awareness and commitment to reducing the environmental footprint of industrial processes.

Future Outlook and Innovations: Looking ahead, the demand for Monoethylene Glycol is expected to show steady growth, driven by the continued expansion of end-use industries and technological advancements. Innovations in production processes, such as the development of more energy-efficient and sustainable methods, are likely to shape the industry's future. Additionally, the demand for bio-based MEG is anticipated to gain traction as companies strive to meet sustainability goals and reduce dependence on fossil fuels. With its diverse applications and adaptability to evolving market demands, Monoethylene Glycol remains a critical component in the global chemical industry.

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Glycols Market : A View of the Industry's Advancements and Opportunities

The global glycols market size is anticipated to reach USD 49.36 billion by 2026 growing at a CAGR of 5.1% from 2018 to 2026 according to a new report published by Polaris Market Research.  The report ‘Glycols Market Share, Size, Trends, & Industry Analysis Report, By Product (Propylene Glycol, Ethylene Glycol (Mono-ethylene Glycol, Di-ethylene Glycol, Tri-ethylene Glycol), By Applications (Textiles, Automotive, HVAC, Medical, Airline, Others), By Regions: Segment Forecast, 2018 – 2026’provides insights on the current market scenario and the future prospects. Increasing demand for ethylene and propylene glycol is owing to its increasing demand from a many primary end-use industries.

 Large volumes of ethylene glycols are consumed for manufacturing of automotive coolant or antifreeze. Ethylene glycols are non-corrosive, stable chemicals with high flash points. Propylene glycols are relatively nontoxic liquids that are practically odorless and colorless. Some of its primary applications include heat transfer fluids, paints & coatings, antifreeze coolants, functional fluids and plasticizers.

 The hygroscopicity of these products makes it an important conditioning agent in in vinyl floor tiles, cork, adhesives, cellulose sponges, synthetic rubbers, printing inks and paper products. Ethylene glycol is also used in formulations development of the alkyd-type resins that has linear chain structures and even in unsaturated polyester resins. It is also used in the dehydration of natural gas. Apart from these the product has several applications in polyester, textile, HVAC, medical, airline and food & beverage industry.

 Have Questions? Request a sample this report by clicking the link below: https://www.polarismarketresearch.com/industry-analysis/glycols-market/request-for-sample

 MEG is the largest volume product produced of all the ethylene glycols. Polyester grade EG are among the leading application-based product production. This product grade is used in manufacturing of PET resins, fibers and several other substances such as tire cords, textiles, soft drinks, video tapes and water containers.

 The high purity and industrial grade EG are utilized in formulation of various products that require hygroscopic, solvent, or high boiling point physiognomies. Some of these end-use products include printing inks, paints, cleaners, heat transfer fluids, hydraulic fluids, and electronics. The antifreeze grade EG is one of the major primary components in manufacturing of engine coolants especially for automotive.

Diethylene glycol (DEG) has excellent solvent properties and has higher boiling point, specific gravity and viscosity. Some of the primary applications of DEG include adhesives, heat transfer fluids, cement processing and cleansers. Moreover, it is also used as a chemical intermediate in the production of polyurethanes and unsaturated polyester resins.

 Application segments of these products has increased significantly over the years as a synchrony or as a result of development and production of high quality of customer specific grades of these products and hence demand for these products has been increasing and is also anticipated to increase further in the near future.

However, owing to constant price volatility in petrochemicals production over the past few years, prices of ethylene and propylene glycol has also been fluctuating over the past two years across all the regional markets. This was owing to the different demand supply trends of the product in all the regional markets and as an attempt to meet that, product prices have been significantly affected.

In 2017, Asian Pacific glycols industry faced a few challenges in terms of longer supply terms and slower market growth in the downstream polyester terephthalate (PET), polyester fiber and yarn sectors. The listing of monoethylene futured as a product in the China’s Dalian Commodity Exchange (DCE) and added certain uncertainty to MEG price movements. In 2016 as well, the Asia Pacific market experienced volatility and was a challenging market space.

 However, the average global prices of MEG saw gains in the first quarter of 2017 though it stabilized by the end of the year. It was mainly due to the increase in demand for polyester fibers from other regional markets and an overall reduction in production output from the major global suppliers of MEG.

 The worldwide glycols market is a competitive marketspace with moderate degree of integration across the value chain by several market players. Some of the lading market participants include ExxonMobil Corporation, Saudi Basic Industries Corporation (SABIC), Dow Dupont, Royal Dutch Shell plc, LyondellBasell Industries, Total S.A., and China Petroleum & Chemical Corporation.

 Polaris Market Research has segmented the global glycols market on the basis of product, application and region:

Glycols Product Outlook (Revenue, USD Billion, 2015 – 2026)

Propylene glycol

Ethylene glycol

Mono-ethylene glycol

Di-ethylene glycol

Glycols Application Outlook (Revenue, USD Billion, 2015 – 2026)

Polyethylene

Textiles

Automotive

HVAC

Medical

Airline

Polyester Fiber & Resins

Food & Beverage

Others

Glycols Regional Outlook (Revenue, USD Billion, 2015 – 2026)    

North America

S.

Canada

Europe

Germany

UK

France

Italy

Spain

Belgium

Russia

Netherlands

Rest of Europe

Asia-Pacific

China

India

Japan

Korea

Singapore

Malaysia

Indonesia

Thailand

Philippines

Rest of Asia-Pacific

Latin America

Brazil

Mexico

Argentina

Rest of LATAM

Middle East & Africa

UAE

Saudi Arabia

South Africa

Rest of MEA

Purchase the Report for Key Insights:@ https://www.polarismarketresearch.com/industry-analysis/glycols-market

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[petrochemical07]

Exploring Key Industrial Chemicals: MEG, DEG, and More

In the world of industrial chemicals, a few substances stand out due to their versatility and importance. Monoethylene glycol (MEG) and diethylene glycol (DEG) are two key players in this space, widely used in various applications, from antifreeze to plastics. Alongside them, bentonite powder, caustic soda, sodium bicarbonate, soda ash, and barite powder are crucial materials in different industries. Understanding their uses, suppliers, manufacturers, and pricing can help businesses make informed decisions.

What is Monoethylene Glycol (MEG)?

Monoethylene glycol (MEG) is a colorless, odorless liquid that is hygroscopic (absorbs moisture from the air). It plays a vital role in several industries, including:

Textiles: Used in fiber production.

Automotive: Acts as an antifreeze and coolant.

Packaging: Serves as a precursor to polyethylene terephthalate (PET) used in plastic bottles.

Key Characteristics of MEG

Chemical Formula: C2H6O2

Boiling Point: 197.3 °C (387.1 °F)

Viscosity: Low, making it easy to handle in manufacturing processes.

MEG Suppliers and Manufacturers

When sourcing MEG, it's essential to work with reliable suppliers and manufacturers. They ensure consistent quality and supply stability. Notable MEG suppliers include large chemical companies like BASF, LyondellBasell, and SABIC. These companies maintain high production standards and provide a range of grades to meet specific industry needs.

Pricing Trends for MEG

The price of monoethylene glycol can fluctuate based on factors like:

Feedstock costs: Ethylene and natural gas prices impact MEG production costs.

Demand-supply dynamics: Seasonal demands in the automotive and textile sectors can affect pricing.

As of recent reports, the average price of MEG stands around $1,000 to $1,200 per metric ton, but it varies by region and market conditions.

Understanding Diethylene Glycol (DEG)

Diethylene glycol (DEG) is another essential glycol, similar to MEG, but with a slightly different structure and applications. DEG is mainly used in:

Solvent applications: It's a great solvent for resins and oils.

Manufacturing plastics: Acts as a plasticizer.

Antifreeze formulations: Helps lower the freezing point of fluids.

Characteristics of DEG

Chemical Formula: C4H10O3

Boiling Point: 245 °C (473 °F)

Viscosity: Higher than MEG, making it useful in specific formulations.

DEG Suppliers and Manufacturers

Top DEG suppliers include reputable companies such as OxyChem, Shell, and Eastman Chemical Company. These manufacturers offer various grades of DEG tailored for specific applications.

Current Pricing for DEG

The price of diethylene glycol can be influenced by similar factors as MEG, including global oil prices and market demand. Currently, DEG prices hover around $1,200 to $1,500 per metric ton.

Exploring Bentonite Powder

Bentonite powder is a clay material derived from volcanic ash, known for its unique properties. It's commonly used in:

Drilling fluids: Helps stabilize boreholes in the oil and gas industry.

Cat litter: Absorbs moisture and odor.

Construction: Used as a binding agent.

Bentonite Suppliers and Manufacturers

Key players in the bentonite market include American Colloid Company, Wyo-Ben, and Bentonite Performance Minerals. They provide high-quality bentonite tailored for various applications.

Pricing Trends for Bentonite

The price of bentonite varies based on quality and application but typically ranges from $100 to $300 per ton.

Caustic Soda (Sodium Hydroxide)

Caustic soda, or sodium hydroxide, is a highly versatile chemical used across multiple industries, including:

Pulp and paper: For pulping wood.

Textiles: In the dyeing process.

Food processing: As a pH regulator.

Suppliers and Manufacturers

Major caustic soda suppliers include Olin Corporation, Dow Chemical, and Koch Industries. They ensure quality and consistent supply.

Pricing for Caustic Soda

The price of caustic soda can vary widely, currently falling between $300 and $500 per ton, depending on purity and supplier.

Sodium Bicarbonate

Sodium bicarbonate, or baking soda, is a common compound with applications in:

Food: As a leavening agent.

Pharmaceuticals: In antacids.

Cleaning products: For its mild abrasive properties.

Sodium Bicarbonate Suppliers

Top suppliers include Arm & Hammer, Solvay, and Tata Chemicals. These companies provide a range of sodium bicarbonate products for different uses.

Pricing Trends

The price of sodium bicarbonate typically ranges from $200 to $400 per ton based on market demand and purity levels.

Soda Ash (Sodium Carbonate)

Soda ash is essential in glass production, detergent manufacturing, and chemical processing. It's a key ingredient that:

Acts as a flux in glass making: Lowers the melting point of silica.

Used in water treatment: Helps control acidity.

Suppliers and Manufacturers

Major players in the soda ash market include Nirma Limited, OCI Chemical Corporation, and Ciner Resources. They offer both natural and synthetic soda ash.

Pricing for Soda Ash

The price of soda ash can fluctuate but generally sits between $150 and $250 per ton.

Barite Powder

Barite powder is a mineral used primarily in the oil and gas industry for drilling fluids. Its high density makes it valuable for:

Well drilling: Stabilizes boreholes and reduces fluid loss.

Paints and coatings: Provides a white pigment.

Suppliers and Manufacturers

Notable barite suppliers Petrochemical include Schlumberger, Halliburton, and Excalibar Minerals LLC. They ensure high-quality products for the drilling industry.

Current Pricing for Barite

The price of barite typically ranges from $100 to $200 per ton, depending on quality and processing.

Conclusion

Understanding the complexities of these industrial chemicals—MEG, DEG, bentonite powder, caustic soda, sodium bicarbonate, soda ash, and barite powder—helps businesses make better purchasing decisions. Each chemical serves critical roles across various industries, and knowing the key suppliers and pricing trends is essential for effective procurement strategies. By focusing on reliable suppliers and staying informed about market dynamics, businesses can optimize their operations and maintain a competitive edge.

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Unveiling the Dynamics of the Monoethylene Glycol (MEG) Market

The Monoethylene Glycol (MEG) market plays a pivotal role in various industries, serving as a versatile and essential chemical compound. In this article, we delve into the dynamics of the MEG market, exploring its size, end uses, prominent manufacturers in India, and the diverse applications of MEG glycol.

How big is the Monoethylene Glycol Market?

The global monoethylene glycol market reached USD 24.16 billion in 2022 and is projected to grow 3.2% annually until 2030.

Main Market End Uses of Monoethylene Glycol:

Monoethylene Glycol finds extensive utilization across various industries, contributing to its market prominence. Some of the primary end uses include:

Polyester Resins: MEG is a key ingredient in the production of polyester resins, which are widely employed in the textile and packaging industries.

Antifreeze and Coolants: Due to its excellent thermal properties, MEG is a crucial component in the formulation of antifreeze and coolants, ensuring efficient heat transfer in automotive engines.

Plasticizers: The plastic industry relies on MEG for the manufacturing of plasticizers, enhancing the flexibility and durability of plastic products.

Solvents: MEG serves as a solvent in various applications, further expanding its reach in the chemical and manufacturing sectors.

Meet the Global Titans of MEG

Monoethylene glycol (MEG), a chemical chameleon with surprising versatility, plays a vital role in our daily lives. From keeping your car cool in the summer to weaving the fibers in your clothes, MEG's applications weave their way into the fabric of our world. But who are the masterminds behind this ubiquitous chemical? Let's meet some of the global giants dominating the MEG market:

1. MEGlobal:

A production powerhouse with tentacles stretching across 13 facilities around the globe, MEGlobal reigns as the MEG maestro. Sustainability and innovation are their guiding tunes, ensuring a steady stream of MEG while minimizing environmental impact.

2. Dow Chemical Company:

A household name in the chemical world, Dow stakes its claim in the MEG game with an extensive production network. Their unwavering commitment to research and development fuels the evolution of MEG, constantly pushing the boundaries of its applications.

3. Royal Dutch Shell Plc.:

This oil and gas giant throws its weight behind MEG production, strategically integrating it into their global refineries. Efficiency and cost competitiveness are their mantras, making them a formidable force in the MEG arena.

4. SABIC:

Hailing from Saudi Arabia, SABIC is a rising star, rapidly expanding its MEG production capacity, particularly in Asia. Their ambition burns brightly, signaling their desire to become a major player on the global stage.

5. ExxonMobil:

Another oil and gas behemoth, ExxonMobil joins the MEG fray with production facilities spanning continents. Integrated operations and cost optimization are their weapons of choice, ensuring they remain a dominant force in the MEG landscape.

INGQUIRY BEFORE BUYING :

What is MEG Glycol Used For?

MEG glycol boasts a diverse range of applications, making it a versatile compound in different industries. Some key uses include:

Textile Industry: MEG is a crucial component in the production of polyester fibers and fabrics, contributing to the textile industry's growth.

Automotive Sector: As a vital ingredient in antifreeze formulations, MEG ensures optimal engine performance, preventing freezing and overheating.

Packaging Materials: The production of polyester resins using MEG contributes to the manufacturing of packaging materials, addressing the packaging needs of various products.

The Monoethylene Glycol market continues to thrive, driven by its diverse applications and essential role in multiple industries. As we navigate the complexities of this dynamic market, we will keep you updated on the latest trends and developments shaping the MEG industry.

[blogponly]

Ethylene Oxide Market: Redefining Strategies for Success

The new report titled ‘Global Ethylene Oxide Market,’ published by Emergen Research is a vivid presentation of the global Ethylene Oxide market, with utmost focus on the forecast market size, share, value, and volume over the projected timeline. The report throws light on the current economic landscape of this business vertical and evaluates the top market trends. It has been compiled through significant primary research, including surveys, interviews, and expert analysts’ observations. It features insightful qualitative and quantitative assessments of the Ethylene Oxide industry, gathering industry-verified data from the value chain analysis. The report, additionally, examines the prevailing trends in the market, along with the macro- and micro-economic indicators. The report delivers a deep understanding of the key aspects of the Ethylene Oxide market, for instance, import and export dynamics, production and consumption rates, and consumer bases across the major market regions. Thus, the report concludes with the essential market statistics presented in a tabular format to help readers get a clear idea of the global market dynamics.

The global ethylene oxide market size reached USD 31.09 Billion in 2021 and is expected to register a revenue CAGR of 3.54% during the forecast period, according to a latest analysis by Emergen Research. Increasing usage of polyethylene terephthalate bottles and containers is a crucial factor driving revenue growth of the market.

Get a PDF sample copy of the report @ https://www.emergenresearch.com/request-sample/1199

This report is the latest document discussing the current economic situation gravely impacted by the COVID-19 outbreak in detail. The global health emergency has led to massive changes in the global economy and the Ethylene Oxide business sphere. The current scenario of this ever-evolving business vertical has been clearly depicted in the report, which contains a broad analysis of the pandemic’s present and future effects.

Report Highlights:

Besides offering a vivid depiction of the global Ethylene Oxide business sphere and its fundamental operations, the latest report provides the industrial chain analysis and list down the current and future market trends and growth opportunities.

The report includes information on the present and historical market scenarios, which helps forecast the market conditions.

The report scrutinizes the salient factors influencing the growth of the market in the near future.

The strategic marketing recommendations, crucial information related to the new market entrants, and expansion plans of various businesses are poised to provide the reader with a competitive edge in the market.

Major Geographies Covered in the Report:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Request a customized copy of the report @ https://www.emergenresearch.com/request-for-customization/1199

Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Ethylene Oxide market expected to boost the growth of the industry in the coming years.

Ethylene Oxide Market Segmentation:

Derivatives Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)

Ethylene Glycols

Monoethylene Glycol

Diethylene Glycol

Triethylene Glycol

Polyethylene Glycol

Ethoxylates

Glycol Ethers

Polyethylene Terephthalate

Ethanoamines

Others

Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)

Anti-freeze Production

Detergents

Surgical Equipment Sterilization

Plastic Production

Medicines

Textiles

Disinfection and Pest Control

Others

End-Use Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2019-2030)

Pharmaceutical Industry

Food Industry

Automotive Industry

Plastic Industry

Hospitals and Medical Centers

Textile Industry

Competitive Outlook:

The latest research report is inclusive of a precise summary of the intensely competitive landscape of the global Ethylene Oxide market. It offers a systematic presentation of the company profiles of the leading market players. This section of the report analyzes the effective initiatives undertaken by these players for business expansion in the long run. In addition, this section highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have been assessed using certain effective analytical tools, such as Porter’s Five Forces analysis and SWOT analysis.

The report also discusses the key players involved in the market such as

BASF SE, The Dow Chemical Company, China Petrochemical Corporation, Clariant AG, Tokyo Chemical Industry, Shell plc, LyondellBasell Industries Holdings B.V., Saudi Basic Industries Corporation (SABIC), Linde plc, and Eastman Chemical Company

For more details of the Ethylene Oxide Market Report, visit @ https://www.emergenresearch.com/industry-report/ethylene-oxide-market

Global Ethylene Oxide Market Highlights:

Regional demand estimation and forecast

Product Mix Matrix

R&D Analysis

Cost-Benefit Analysis

Pre-commodity pricing volatility

Supply chain optimization analysis

Technological updates analysis

Raw Material Sourcing Strategy

Competitive Analysis

Mergers & Acquisitions

Location Quotients Analysis

Carbon Footprint Analysis

Patent Analysis

Vendor Management

Thank you for reading our report. Please get in touch with us if you have any query regarding the report or its customization. Our team will ensure the report is best suited to your needs.

[endrusmithreal]

Staying Competitive: Managing Ethylene Oxide Production Costs in a Global Market

The latest report titled Ethylene Oxide Production Cost by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Ethylene Oxide.

Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, production cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the production process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.

Request For Free Sample: https://procurementresource.com/production-cost-report-store/ethylene-oxide/request-sample

Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry that might influence Ethylene Oxide production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.

Procurement Resource Assessment of Ethylene Oxide Production Process:

1. Ethylene Oxide Production Cost From Catalytic Reaction Between Ethylene and Oxygen: This report gives a summary of the production process and expense assessment for ethylene glycol industrial production in a ethylene glycol manufacturing plant. This method involves the utilization of silver metal as a catalyst to react ethylene and oxygen in a reactor. This reaction produces ethylene oxide, water, carbon dioxide, as well as heat. Then, these produced gases are cooled and scrubbed with water and potassium carbonate solution. This process dissolves ethylene oxide, which is then extracted from the solution by distillation.

Request For Free Sample: https://procurementresource.com/cost-analysis/ethylene-oxide-production-using-catalytic-reaction-between-ethylene-and-oxygen/requestsample

2. Ethylene Oxide Production Cost From Ethylene: This report provides an overview of the production process of and expense evaluation of ethylene glycol industrial production across ethylene glycol manufacturing plant. In this method, ethylene and oxygen are reacted with each other in a reactor at temperatures ranging from 200 to 300 degrees Celsius. Further, the obtained product undergoes cooling and scrubbing by using potassium carbonate as well as water. Lastly, ethylene oxide is separated from the solution via a desorption and distillation process.

Request For Free Sample: https://procurementresource.com/cost-analysis/ethylene-oxide-production-from-ethylene/requestsample

Product Definition:

Ethylene glycol is a chemical compound represented by the formula HOCH2CH2OCH2OH. This compound is a colorless and odorless thick liquid that has low toxicity. Ethylene glycol has various applications, including automobile and textile industries. Additionally, it has three types, namely Monoethylene Glycol (MEG), Diethylene Glycol (DEG), and Triethylene Glycol (TEG). MEG has numerous applications, such as being a chemical intermediate in the production of other chemicals like polyurethanes and phthalate plasticizers. It can also be used as a coolant and heat-transfer agent, antifreeze, precursor to polymers, among others. DEG, on the other hand, is an organic compound used mainly as a precursor to polymers and as a solvent. However, DEG is toxic and can cause damage to the kidneys, liver, and central nervous system. It can also irritate the skin. Lastly, TEG is a colorless and thick liquid that is soluble in water and has a sweet taste.

Market Drivers:

The ethylene glycol market is currently experiencing a surge in demand, primarily driven by the textile and automotive industries. This increased demand can be attributed to advancements in production technology, which have made bio-based ethylene glycol a more popular and viable option. As a result, the market is expected to witness significant growth during the forecast period. The textile industry is expected to be a major contributor to this growth as it continues to expand rapidly. Additionally, the PET resin industry is also expected to see considerable growth, which will result in greater consumption of ethylene glycol. The packaging industry has also experienced a significant uptick in growth due to the changes in consumer lifestyles. As more people opt for food containers and bottles made from PET, there will be an increased demand for MEG, further boosting the ethylene glycol market.

Looking for an exhaustive and personalised report that could significantly substantiate your business?

Although Procurement Resource leaves no page unfurled in terms of the rigorous research for the commodities that make the heftiest base of your business, we incline more towards tailoring the reports per your specificities. All you need is one-to-one consulting with our seasoned consultants to comprehend the prime parameters you are looking to pin your research on.

Some of the common requests we receive from our clients include:

Adapting the report to the country/region where you intend to establish your plant.

Adjusting the manufacturing capacity of the plant according to your needs

Customizing machinery suppliers and costs to meet your requirements.

Providing additional information to the existing scope based on your needs.

About Us:

Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. Our team of highly seasoned analysts undertakes extensive research to provide our customers with the latest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which aid in simplifying the procurement process for our clientele.

Procurement Resource work with a diverse range of procurement teams across industries to get real-time data and insights that can be effectively implemented by our customers. As a team of experts, we also track the prices and production costs of an extensive range of goods and commodities, thus, providing you with updated and reliable data.

We, at Procurement Resource, with the help of the latest and cutting-edge techniques in the industry, help our clients understand the supply chain, procurement, and industry climate so that they can form strategies that ensure their optimum growth.

Contact Us:

Company Name: Procurement Resource Contact Person: Chris Byrd Email: sales@procurementresource.com Toll-Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500 Address: 30 North Gould Street, Sheridan, WY 82801, USA

[chemanalystdata]

India Ethylene Market Size, Share, Growth, Analysis & Forecast to 2030 | ChemAnalyst

According to ChemAnalyst report, “India Ethylene Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2030”, The Indian India Ethylene Market is likely to healthy CAGR of 6.12% during the forecasted period. The end-use industries like Polyethylene, Ethylene Oxide, Ethylene Dichloride, and Ethylene Benzene are anticipated to fuel the Ethylene demand in India in the upcoming years. ​

Ethylene is a colourless and combustible gas with the chemical formula C2H4. It is one of the most widely used chemical with applications in numerous industries. The most widely used organic hydrocarbon worldwide and the lightest olefinic hydrocarbon is ethylene. It is made by heating fuels such as petroleum or natural gas, particularly its ethane and propane components, to temperatures between 800 and 900 degrees Celsius, which produces a mixture of gases from which ethylene can be extracted. Ethylene is a versatile chemical that is used to manufacture useful chemicals like Polyethylene, Ethylene Oxide, Ethylene Dichloride, Ethylene Benzene.

Read Full Report Here: https://www.chemanalyst.com/industry-report/india-ethylene-market-92

Increasing demand for polyethylene such as HDPE, LDPE, and LLDPE from the packaging sector driven by increasing organized retail and the boom in the e-commerce industry is anticipated to be the primary reason for the growth of the India Ethylene market in the forecast period. Several varieties of polyethylene exist, including LDPE (Low-Density Polyethylene) and HDPE (High-Density Polyethylene).  Shrink and stretch film for food packaging, as well as non-packaging usage, are the principal film applications for low density polyethylene (LDPE) and linear low-density polyethylene (LLDPE). Injection and blow moulding processes are the main ways that high density polyethylene (HDPE) is employed in products like pallets, barrels, drums, household items, etc. Moreover, increasing use of plastic packaging in food, beverages, personal care, healthcare, and consumer electronics industries will most likely further augment the growth of Ethylene market in the forecast period. Rapid urbanization and infrastructure development across the nation are portraying a major chunk of the demand for building and construction plastics like HDPE sheets, which is a prominent factor of the India Ethylene market and is anticipated to say so in the future. Ethylene Dichloride is employed as a feedstock to produce Polyvinyl Chloride (PVC), which is a versatile polymer with various applications such as Pipes & Fittings, Films & Sheets, Wires & Cables, Footwear, ETC.

The India Ethylene Market is segmented based on end-use, sales channel, and region. Based on end-use, the India Ethylene market is segregated into different industrial sectors such as Polyethylene, Ethylene Oxide, Ethylene Dichloride, Ethylene Benzene, and Others. Among these, Polyethylene is dominating the segment of Ethylene. This segment held roughly 45% of the Ethylene market in FY2023. Owing to changing customer preferences towards ready-to-eat food items, this sector is anticipated to retain its dominance for packaging applications in the forecast period. Owing to changing customer preferences towards ready-to-eat food items, this sector is anticipated to retain its dominance for packaging applications in the forecast period. Ethylene Oxide (EO) is the second largest consumer of India’s Ethylene. EO finds key applications in manufacturing Ethylene Glycol, the most common of which is monoethylene glycol (MEG). MEG is used for making PET resins which are used for making bottles and are also used in several antifreeze applications. EO derivatives like ethoxylates (used in shampoo, kitchen cleaners, etc), glycol ethers (solvents, fuels, etc), and ethanolamines (surfactants, personal care products, etc) are contributing to the ethylene demand across India.

Request Sample Report: India Ethylene Market

The India Ethylene market is segregated into four regions based on regional consumption: West, South, North, and South. In the historic period of FY2015-FY2023, West India has been dominating the market. West India has been the frontrunner in the consumption of Ethylene for a variety of uses due to the presence of significant consumer goods producers as well as major plasticizer factories situated in states like Gujarat. The plastic commodities manufactured include plastic furniture, boxes, containers, etc.

“India Ethylene Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2030” Some of the domestic players operating in India Ethylene market are Reliance Industries Limited, Indian Oil Corporation Limited, GAIL (India) Limited, ONGC Petro Additions Limited and Haldia Petrochemicals Limited. LyondellBasell, Dow Chemical Co., ExxonMobil, Chevron Phillips, Shell, and INEOS are some of the international players operating in India Ethylene market.

“The rapidly increasing demand for Ethylene to manufacture industrially significant polymers such as Polyethylene, Ethylene Oxide, Ethylene Dichloride, Ethylene Benzene and Others which is employed by various industries such as automotive, construction, packaging, electronics & electricals, etc, is expected to drive the India Ethylene Market in the forecast period until FY2030. West India is the major consumer of Ethylene due to the leading consumer goods, packaging and plasticizer manufacturers located in this region and is anticipated to retain its position in the forecast period till FY2030. ”Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

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Ethylene Glycol Market- New Technological Development Projecting Massive Growth till 2032

The world market size for ethylene glycol is expected to reach a valuation of USD 16,187.2 Million in 2022. during the forecast period of 2022 to 2032. The ethylene glycol market is forecast to thrive at a CAGR of 5.3% which is forecast to be worth 27,130.3 million USD.

What is Driving Demand for Ethylene Glycol

Major factors driving the market are the growing demand from the textile industry and automotive industry. The availability of enhanced ethylene glycol production technology, increased popularity of bio-based ethylene glycol, and rising demand from the textile industry are projected to fuel market expansion throughout the forecast period.

Rapid growth in the textile and PET resin products industries is expected to boost the consumption during the forecast period. 

The packaging industry has been driven by rapid growth and changing lifestyles of consumers, and the growing use of Polyethylene Terephthalate (PET) in a variety of consumer goods products, including as food containers and bottles, is expected to enhance demand for MEG which is likely to boost the market throughout the forecast period.

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Who are the Key Manufacturers and Suppliers

Some of the leading manufacturers and suppliers include:

Exxon Mobil Corp.

Dow Chemical

SABIC

Sinopec

Shell Chemical

Reliance Industries ltd.

Huntsman Chemical Corporation

LOTTE Chemical Corp.

Kuwait Petroleum Corporation

LyondellBasell Industries

Formosa Plastics Corporation

Major players in the worldwide market are increasing their regional presence and company operations through organic and inorganic growth methods such as joint ventures, mergers and acquisitions, expansion, collaborations, new product launches, strategic alliances, and R&D.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

Key Segments covered in the Ethylene Glycol Market Survey

By Derivative Type:

Monoethylene Glycol (MEG)

Diethylene Glycol (DEG)

Triethylene Glycol (TEG)

By Application:

Polyester Fibres

PET

Antifreeze and Coolants

Films

Others

By End Use Industry:

Textiles

Automotive

Packaging

Others

Europe and North America Demand Outlook

The increased production and sale of passenger vehicles in Germany, France, and the United Kingdom is expected to drive ethylene glycol consumption in automotive applications, boosting the market in these countries.  North America, owing to the presence of leading automotive players and the growing PET resin sector will lead to significant demand for this product in the North America market over the projection period.

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