Triethylene Glycol (TEG) Market Trends, Drivers, and Forecast by 2029

Author : NIlesh Tak | Published On : 28 Mar 2024

This Triethylene Glycol (TEG) market report has been prepared by considering several fragments of the present and upcoming market scenario. The market insights gained through this market research analysis report facilitates more clear understanding of the market landscape, issues that may interrupt in the future, and ways to position definite brand excellently. It consists of most-detailed market segmentation, thorough analysis of major market players, trends in consumer and supply chain dynamics, and insights about new geographical markets. The market insights covered in Triethylene Glycol (TEG) report simplifies managing marketing of goods and services effectively.

Data Bridge Market Research analyses that the triethylene glycol (TEG) market was valued at USD 751.17 million in 2021 and is expected to reach USD 1028.02 million by 2029, registering a CAGR of 4.00% during the forecast period of 2022 to 2029.

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Market Overview:

The use of triethylene glycol (TEG) is rising across several industries and the cooling properties of triethylene glycol (TEG) help in completing various tasks. In recent times, the organic property of triethylene glycol (TEG) has a vital role in the growth of the triethylene glycol (TEG) market globally. The usage of ethylene triethylene glycol (TEG) in HVAC has creased several factors for the growth of the global triethylene glycol (TEG) market. Moreover, rising demand of oil and gas in several industries such as power generation and transportation will improve the overall market demand for triethylene glycol during the forecast period of 2022-2029.

Some of the major players operating in the Triethylene Glycol (TEG) market are Dow (U.S.), LyondellBasell Industries N.V. (Netherlands), BASF SE (Germany), ADM (U.S.), Global Bio-chem Technology Group Company Limited. (China), DuPont Tate & Lyle Bio Products (U.S.), SKC (South Korea), Temix Oleo (Italy), INEOS Oxide (Switzerland), Huntsman International LLC (U.S.), ADEKA CORPORATION (Japan), Chaoyang Chemicals, Inc. (U.S.), Manali Petrochemicals Limited (India), Haike Chemical Group Co., Ltd. (China), Arch Chemicals Inc, (U.S.), Repsol (Spain), Midland Company (U.S.), Helm AG (Germany), Shell Plc (U.K.) among others.

Global Triethylene Glycol (TEG) Market Scope

The triethylene glycol (TEG) market is segmented on the basis of type, application and end-user industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

Industrial Grade
Purity 98.2%
Purity 98.5%
Purity 99.6%
Other

Application

Natural gas dehydration
Solvents
Plasticizers
Polyurethanes
Humectants
Polyester Resins
Others

End User Industry

Automotive
Agrochemicals
Food and Beverage
Textile
Personal Care
Pharmaceuticals
Detergents
Others

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Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global Triethylene Glycol (TEG) Market Landscape

Part 04: Global Triethylene Glycol (TEG) Market Sizing

Part 05: Global Triethylene Glycol (TEG) Market Segmentation By Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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