Friday, 13 June 2014

Triethylene Glycol (TEG) Market is growing at a CAGR of 13.0% from 2013 to 2019.By Transparency Market Research


Transparency Market Research Report Add " Triethylene Glycol (TEG) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019," to its database.
          The Triethylene Glycol (TEG) Market was valued at USD 760 million and is expected to grow at a CAGR of 21.3% from 2013 to 2019 to reach an estimated value of USD 2,937.3 million by 2019.

    Browse the full report at http://www.transparencymarketresearch.com/teg-market.html
         The major factor driving the global market for TEG includes the growth of the global natural gas market and the growing demand for plasticizers in end use industries. Its increasing application as a solvent is also acting as a major factor driving the global market for TEG. However, volatility in raw material prices and regulatory issues associated with the production and use of TEG are expected to have a negative impact on the growth of the global market.
         The growing demand of natural gas in the Asia Pacific region creates immense opportunities for major TEG manufacturers as natural gas dehydration represents the largest application of TEG and thus growth of natural gas in Asia Pacific will induce the TEG market in the region to grow.
       Natural gas dehydration accounted for approximately 58.6% of the global TEG demand in 2011. Along with being the biggest market, it is also the fastest growing application market for TEG at a CAGR of 4.8% from 2013 to 2018. Other applications capture smaller amounts of market and are expected to remain stagnant till 2018. Some of the other application segments for TEG include solvents, plasticizers, polyurethane, humectants and polyester resins.
       The global market for TEG is facing the threat of being oversupplied, mainly owing to massive capacity additions in the Gulf Council Cooperation (GCC) in recent years. The Kingdom of Saudi Arabia (KSA) is the major consumer of TEG in the GCC. KSA accounted for approximately 63.4% of the GCC demand for TEG in 2011.
        Some of the major participants in the global market for TEG include, SABIC (KSA), Dow Chemical (U.S.), Shell (Netherlands), Sinopec (China), Honam Petrochemical (Korea) and so on.
          This research is specially designed to estimate and analyze the demand and performance of TEG in a global scenario. The research provides in-depth analysis of TEG manufacturers, trend analysis by segments and demand by geography. The report covers all the major product segments of the TEG market and provides detailed analysis, historical data and statistically refined forecast for the segments covered. The study presents a comprehensive assessment of the stakeholder strategies, winning imperatives for them by segmenting the TEG market as below:
Triethylene Glycol Market, by Application:
-Natural Gas Dehydration
-Solvents
-Plasticizers
-Polyurethane
-Humectants
-Polyester Resins
-Other
The report provides a cross-sectional analysis of all the above segments with respect to the following geographical markets:
  • North America
  • Europe
  • MENA
  • Asia Pacific
  • Rest of the World (RoW)
    In addition the report also covers the TEG market for Gulf Council Cooperation (GCC) including the Kingdom of Saudi Arabia (KSA) with their TEG supply demand scenario.
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