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Global Triethylene Glycol (TEG) Market Research Report 2019 to 2025

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The global TEG market size is projected to reach a valuation of USD 870.6 million by 2025, owing to its excellent hygroscopic properties which have aggravated the demand of triethylene glycol in a wide number of applications.
Adroit Market Research
Global Triethylene Glycol (TEG)
Market Size 2017
by Application (Humectants, Natural Gas Dehydration,
Plasticizers, Polyester Resins, Polyurethanes, Solvents,
and Others), By Region and Forecast 2018 to 2025
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Adroit Market Research
Global Triethylene Glycol (TEG) Market Size and Forecast, 2015-2025
• Adroit Market Research published a study titled, “Global Triethylene Glycol (TEG) Market Size 2017 by Application
(Humectants, Natural Gas Dehydration, Plasticizers, Polyester Resins, Polyurethanes, Solvents, and Others), By Region and
Forecast 2018 to 2025”.
• The global triethylene glycol market report includes an evaluation of prevailing trends including drivers, restraints and
lucrative opportunities. Additional tools such as Porter’s Five Forces analysis, and value chain analysis are included to give
a holistic global TEG market view. Moreover, the report includes TEG market size pertaining to different regions. The global
triethylene glycol (TEG) market share has been evaluated for different applications.
• The global TEG market size is projected to reach a valuation of USD 870.6 million by 2025, owing to its excellent
hygroscopic properties which have aggravated the demand of triethylene glycol in a wide number of applications.
• The increasing need for plasticizers in end-use industries is another factor contributing towards the growth of the global
triethylene glycol market.
• TEG is used by the oil & gas industry to "dehydrate" natural gas. Triethylene glycols, which have a high boiling point and
water affinity, are used as a liquid desiccant for natural gas dehydration.
Browse the complete report on @
https://www.adroitmarketresearch.com/industry-reports/triethylene-glycol-tegmarket
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Adroit Market Research
Global Triethylene Glycol (TEG) Market Size and Forecast, 2015-2025
• Dehydration is the removal of water vapor from the refinery tower so that dry hydrocarbon gasses can leave the tower's
top. It can also be used to dehydrate other gasses, including CO2, H2S and other gases oxygenated. Natural gas
dehydration is projected to be the fastest growing application holding a valuation of approximately USD 526.1 million by
2025.
• Growth in natural gas production on account of increasing industrialization and power demand in emerging Asian
countries as well as in Africa have boosted the demand for natural gas dehydration.
• A higher degree of purity, lower vapor losses, and operating costs are the advantages offered by TEG which have driven
the global triethylene glycol market.
• In addition, improving gas import, transport and utility infrastructure in countries such as China, India, and Brazil is likely
to fuel the global triethylene glycol market growth over the predicted period. Favorable government policies backing the
use of natural gas as a cleaner fuel is anticipated to assist the global triethylene glycol (TEG) market share over the
forecast period.
• Middle East & Africa are projected to witness a demand volume exceeding 70 kilo tons by 2025, growing in tandem with
the global growth during the forecast period. Natural gas, being one of the cleanest burning fossil fuels, is in high
demand as governments are finding cost-effective ways to reduce their dependence on coal and oil burning power
plants.
• As a result of this increasing global demand, governments and industries throughout the Middle East are now expanding
infrastructure for the production of natural gas to extract and monetize the region's large supply.
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Adroit Market Research
Global Triethylene Glycol (TEG) Market Size and Forecast, 2015-2025
• Alongside Russia and Iran, Qatar has the world's third largest proven natural gas reserve. The World Energy Outlook
also predicted that by 2020, the Middle East will become the second largest gas consumer. The biggest consumption
increase comes from the electricity sector. In Saudi Arabia, the growing demand for electricity is mainly as a result of
population growth and the ongoing drive to meet its current supply gap. Bharat Petroleum forecasts that by 2040, the
Middle East, which represents the largest natural gas reserves, in particular offshore Iran and Qatar, will see an
expansion in the production of natural gas by 60%, thus leading to the need for dehydration.
• Growth in the capacity additions is likely to have a positive impact on the growth of the global TEG market size over the
forecast years.The nature of the global triethylene glycol market is fragmented with the presence of a large number of
established players. The primary participants include Dow Chemical Company, Huntsman Corporation, BASF AG, Royal
Dutch Shell, Eastman Chemical Company, Exxon Mobil Corporation, Saudi Basic Industries Corporation, INEOS,
LyondellBasell Industries Holdings B.V., and LOTTE Chemical Corporation among others.
Key Players analysed in the report include
• The Dow Chemical Company
• Huntsman Corporation
• BASF AG
• Royal Dutch Shell
• Eastman Chemical Company
• Others
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Key segments of the Global Triethylene Glycol (TEG) market
Application Overview, 2015-2025 (Kilo Tons) (USD Million)
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Humectants
Natural Gas Dehydration
Plasticizers
Polyester Resins
Polyurethanes
Solvents
Others
Regional Over view, 2015-2025 (Kilo Tons) (USD Million)
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North America
Europe
Asia-Pacific
Latin America
Middle East and Africa
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our core, we are curious people who love to identify and understand industry patterns, create
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have tracked high growth markets in chemicals & materials, healthcare & pharmaceuticals,
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