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 Single Use License: US$ 4150 +1 (214) 884-6068 [email protected] www.adroitmarketresearch.com Request Sample 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 +1 (214) 884-6068 [email protected] www.adroitmarketresearch.com 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. +1 (214) 884-6068 [email protected] www.adroitmarketresearch.com 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 +1 (214) 884-6068 [email protected] www.adroitmarketresearch.com Adroit Market Research Key segments of the Global Triethylene Glycol (TEG) market Application Overview, 2015-2025 (Kilo Tons) (USD Million) • • • • • • • Humectants Natural Gas Dehydration Plasticizers Polyester Resins Polyurethanes Solvents Others Regional Over view, 2015-2025 (Kilo Tons) (USD Million) • • • • • North America Europe Asia-Pacific Latin America Middle East and Africa Purchase a single user copy of the global Triethylene Glycol (TEG) market report @ https://www.adroitmarketresearch.com/researchreport/purchase/733 +1 (214) 884-6068 [email protected] www.adroitmarketresearch.com Adroit Market Research About Us Contact Us Adroit Market Research is an India-based business analytics and consulting company. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps. Our analysts have tracked high growth markets in chemicals & materials, healthcare & pharmaceuticals, semiconductor & electronics, energy & power, food & retail, consumer goods, technology, and machinery & equipment sectors across the world to identify new opportunities, potential customers, prepare go-to-market (GTM) strategies, identify segments for revenue growth for companies, and many more. US Headquarters 3131 McKinney Ave Ste 600 Dallas, TX 75204 ,U.S.A +1 (214) 884-6068 [email protected] Phone: +1 (214) 884-6068 Email: [email protected] www.adroitmarketresearch.com
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.
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