- The worldwide triethylene glycol (TEG) market was predicted at about USD 168 million in 2010. It is projected to achieve around USD 237 million by 2018. The market is anticipated to register a CAGR of about 4.5 percent during the forecast period. The said period lasts from 2013 to 2018. The triethylene glycol (TEG) market is sliced on the basis of geographies and applications.
For Market Research Report on “Triethylene Glycol (TEG) Market” Visit – http://www.radiantinsights.com/research/2014-market-research-report-on-global-triethylene-glycol-industry
The geographies sector is segmented into Europe, North America, Asia Pacific, MENA, and rest of the world. The applications triethylene glycol (TEG) market is sliced on the basis of solvents, plasticizers, natural gas dehydration, polyurethane, humectants, polyester resins and others. Augmenting production of natural gas is estimated to be one of the significant components, driving demand for the triethylene glycol (TEG) market.
The increased demand for plasticizers from client industries is yet another factor which drives the market further. TEG’s growing applications as a solvent is also propelling further demand for the market. However, variations in the prices of raw materials and regulatory issues affiliated with the use and manufacture of TEG are predicted to negatively affect the triethylene glycol (TEG) market.
The escalating demand for natural gas in Asia Pacific is projected to open development opportunities for prime TEG producers. TEG usage in natural gas dehydration occupied more than 55 percent of the worldwide TEG market size in 2014. The sector is also anticipated to undergo the most rapid expansion in the years to come. Asia Pacific was the biggest triethylene glycol (TEG) market in 2014.
It occupied around more than 45 percent of the worldwide demand for TEG that year.
Information Source: Radiant Insights
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