Thursday, 19 February 2015

Monoethylene Glycol Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2014 - 2020





Monoethylene glycol is a colorless, odorless and barely viscous liquid which is miscible in water, aldehydes and alcohols and many other organic compounds. It is an organic compound used primarily as a raw material in the manufacture of polyethylene terephthalate resins (PET) that are used in bottling and polyester fibers used in the fabric industry. It cannot dissolve heavy petroleum and vegetable oils, cellulose acetate and rubber. Monoethylene glycol is low volatile and hygroscopic compared to glycerol at room temperature. Ethylene glycol in its pure form is a colorless liquid with sweet taste. Ethylene glycol production is carried out from ethylene through the intermediate ethylene oxide. 

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It is a building block, which is used for applications that require solvent couplers, humectants and chemical intermediates, for resins and freezing point depression solvents. These applications make it applicable to manufacture wide range of products that include heat transfer fluids, resins, electrolytic capacitors, latex paints and emulsifiers, automotive antifreeze and coolants among others. Chemical intermediate for resins are used in manufacture of fibers, films and containers, adhesives, synthetic rubbers and enamels among others. Solvent coupler is used as stabilizer in gel formation and in water based formulations such as latex paints, adhesives and more. Solvent is used as medium for suspending conductive salt in electrolytic capacitors. Humectants are used in paper, textile fibers, adhesives and leather among others. 

Monoethylene glycol is also used in manufacture of some vaccines, but it is not present itself in these injections. Diethylene glycol (DEG) is a colorless by-product from ethylene glycol and that is used in the printing ink industry, as a raw material for production of PU systems and as an ingredient for detergents. Moreover, it is also used in the natural gas industry for removal of water vapour from natural gas and to prevent formation of ice plugs, which create blockage of pipeline that can lead to safety concerns. 

Some of the factors driving the monoethylene glycol market include the rising demand for polyester fibres, which have applications in textile industry. Moreover, polyethylene terephthalate (PET) is also expected to fuel demand for monoethylene glycol in the near future.

Monoethylene glycol has been considered hazardous under the Global Harmonized System (GHS) on classification and Labelling for health effects, which act as a restraint for growth of monoethylene glycol in the market. Intentional or accidental ingestion of monoethylene glycol in humans have caused poisoning and may also lead to death. Mild exposure by means of oral, skin or inhalation causes irritation to skin, eyes and respiratory tract. Repeated exposure to monoethylene glycol may affect the kidney, as the kidney is the primary target organ for toxicity. Moreover, vomiting, dizziness, central nervous system depressions and abdominal pain are some symptoms that are caused by exposure to monoethylene glycol.

Some of the key players in the monoethylene glycol market include : Shell, SABIC, Honam Petrochemical Corp – (HPC), The Kuwait Olefins Co, Reliance Industries Ltd, Formosa Plastics Corp, SINOPEC, Huntsman Corp, Dow Chemical Co, TOC Glycol Company Limited, Alberta &, Orient Glycol and Indorama Ventures (Oxide & Glycols), Ltd among others.

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This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 
  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World  
This report provides comprehensive analysis of 
  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for upcoming years 
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis. 

Reasons for Buying this Report
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