Price Trends Global Ethylene Glycol Market by Applications by Geography Raw Materials and Forecasts 2020

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Grand View Research has announced the addition of "Global Ethylene Glycols Market Analysis And Segment Forecasts To 2020" Market Research Report to their Database


San francisco, California, USA., June 9, 2014 - (PressReleasePoint) -Browse here for Request Sample: http://www.grandviewresearch.com/industry-analysis/commercial-seeds-market/request
The global market for ethylene glycol is expected to reach USD 33.36 billion by 2020, according to a new study by Grand View Research, Inc. Growing demand for polyethylene terephthalate (PET) for packaging applications, primarily in Asia Pacific and Latin America is expected to remain a key driving factor for the market. In addition, growth from global textiles industry is also expected to support the ethylene glycol market development over the forecast period. Volatile prices and tight supply of raw materials, on account of frequent fluctuations in crude oil prices is expected to inhibit the market growth over the next six years.

Monoethylene glycol (MEG) emerged as the leading product segment and accounted for 89.9% of total market volume in 2013. MEG in addition to being the largest product segment is also expected to be the fastest growing ethylene glycol at an estimated CAGR of 4.8% from 2014 to 2020. MEG is mainly used for manufacturing PET and growth of global beverages market is expected to drive the demand for MEG over the forecast period. Global market for di-ethylene glycol (DEG) is expected to reach USD 337.1 million by 2020.

The report “Ethylene Glycols Market Analysis By Product (MEG, DEG, TEG), By Application (PET, Polyester Fibers, Antifreeze, Films) And Segment Forecasts To 2020,” is available now to Grand View Research customers and can also be purchased directly at https://www.grandviewresearch.com/industry-analysis/ethylene-glycols-industry

Further key findings from the study suggest:

• The global market volume for ethylene glycols was 16,511 kilo tons in 2013 and is expected to reach 22,815.4 kilo tons by 2020, growing at a CAGR of 4.7% from 2014 to 2020.
• PET emerged as the leading application market for ethylene glycols and accounted for 44.2% of total market volume in 2013. Growth of beverages industry mainly in Asia Pacific and Latin America is expected to drive this market over the next six years. Polyester fibers are expected to be the fastest growing market for ethylene glycols at an estimated CAGR of 5.1% from 2014 to 2020.

About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights. For more information, visit http://www.grandviewresearch.com/

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Press Contact:
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Grand View Research, Inc.
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