Triethylene Glycol (TEG) Market Analysis By Application (Natural Gas Dehydration, Solvents, Plasticizers, Polyurethanes, Humectants, Polyester Resins) And Segment Forecasts To 2022

Published: Apr, 2015 | Pages: 84 | Publisher: Grand View Research
Industry: Petrochemicals | Report Format: Electronic (PDF)

Triethylene Glycol (TEG) Market By Application (Natural Gas Dehydration, Solvents, Plasticizers, Polyurethanes, Humectants, Polyester Resins) Is Expected To Reach USD 718.3 Million By 2022.
April 2015
Global TEG market is expected to reach USD 718.3 million by 2022. Increasing natural gas output is expected to be one of the key factors driving TEG demand over the forecast period. Rise in gas production is expected to have a two-fold impact on the TEG market providing abundant feedstock for TEG manufacture on the supply side and utilizing TEG for gas de-hydration on the demand side. Aforementioned factor is anticipated to augment market growth over the forecast period.

Use of TEG in natural gas dehydration accounted for over 55% of global TEG volume in 2014. The segment is also expected to witness fastest growth at an estimated CAGR of over 3.5% from 2015 to 2022. High consumption of TEG in natural gas dehydration can be attributed to growing demand from developed nations including Japan, U.S., EU, Russia and Qatar. Moreover, improving infrastructure for gas import, transport and utilization in emerging economies such as China, India and Brazil is likely to fuel TEG market over the forecast period. Positive gas industry outlook on account of policies favoring use of gas as a cleaner fuel is anticipated to assist market growth over the next seven years.

Growing chemical industry coupled with expanding end-use industries such as automotive industry especially in India and China is expected to boost demand for TEG in solvent and plasticizer applications. Increasing application scope of molded plastics and rubber is expected to result in increasing utilization of TEG over the forecast period.

Further key findings from the study suggest:

Asia Pacific was the largest market accounting for over 45% of global TEG volume share in 2014. Increasing use of gas as a fuel source in China, India, South Korea and Japan is expected to result in increased demand for TEG in the region. In addition, High technically recoverable shale gas deposits in China coupled with favorable government regulations in the country is expected to augment market demand over the next seven years.
Development of Asia Pacific and Middle East as refining hubs is anticipated to favor the TEG industry growth owing to abundance of feedstock and easy accessibility to end-use industries over the projected period.
Russia was the largest consumer of TEG in Europe as it is one of the largest producer and supplier of natural gas. Gazprom being the major gas producer in Russia was one of the largest consumers of TEG in 2014.
Key market participants include LyondellBasell, ExxonMobil, E.I. duPont de Nemours & Company, Honeywell International Inc. and 3M, Honam Petrochemical Corporation, Ineos, SABIC, Shell, Reliance Industries Ltd. and Clariant.
For the purpose of this study, Grand View Research has segmented the global TEG market on the basis of application and region:

Global TEG Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

Natural gas dehydration
Solvents
Plasticizers
Polyurethanes
Humectants
Polyester Resins
Others
Global TEG Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

North America
U.S.
Europe
Germany
Asia Pacific
China
India
Latin America
Middle East and Africa
Saudi Arabia

 Table of Contents
Chapter 1 Methodology & Scope 
               1.1 Research Methodology 
               1.2 Research Scope & Assumptions 
               1.3 List of Data Sources 
Chapter 2 Executive Summary
               2.1 TEG - Industry Summary & Key Buying Criteria 
Chapter 3 TEG Industry Outlook
               3.1 Market Segmentation
               3.2 Market Size and Growth Prospects
               3.3 TEG Value Chain Analysis 
               3.4 TEG Market Dynamics
                  3.4.1 Market driver analysis
                     3.4.1.1 Rising natural gas output
                     3.4.1.2 Growing demand for plasticizers
                     3.4.1.3 Growing demand for hydraulic and brake fluids
                  3.4.2 Market restraint analysis
                     3.4.2.2. Fluctuating ethylene prices
               3.5 Key Opportunities Prioritized 
               3.6 Industry Analysis - Porter's 
               3.7 TEG - PESTEL Analysis
               3.8 Raw Material Insights
Chapter 4 TEG Application Outlook
               4.1 Global TEG market share by application, 2014 & 2022
               4.2 Natural Gas Dehydration
                  4.2.1 Market estimates and forecast, 2012-2022 (Kilo Tons) (USD Million)
                  4.2.2 Market estimates and forecast, by region, 2012-2022 (Kilo Tons) (USD Million)
               4.3 Solvents
                  4.3.1 Market estimates and forecast, 2012-2022 (Kilo Tons) (USD Million)
                  4.3.2 Market estimates and forecast, by region, 2012-2022 (Kilo Tons) (USD Million)
               4.3 Plasticizers
                  4.3.1 Market estimates and forecast, 2012-2022 (Kilo Tons) (USD Million)
                  4.3.2 Market estimates and forecast, by region, 2012-2022 (Kilo Tons) (USD Million)
               4.4 Polyurethanes
                  4.4.1 Market estimates and forecast, 2012-2022 (Kilo Tons) (USD Million)
                  4.4.2 Market estimates and forecast, by region, 2012-2022 (Kilo Tons) (USD Million)
               4.5 Humectants
                  4.5.1 Market estimates and forecast, 2012-2022 (Kilo Tons) (USD Million)
                  4.5.2 Market estimates and forecast, by region, 2012-2022 (Kilo Tons) (USD Million)
               4.6 Polyester Resins
                  4.6.1 Market estimates and forecast, 2012-2022 (Kilo Tons) (USD Million)
                  4.6.2 Market estimates and forecast, by region, 2012-2022 (Kilo Tons) (USD Million)
               4.7 Others
                  4.7.1 Market estimates and forecast, 2012-2022 (Kilo Tons) (USD Million)
                  4.7.2 Market estimates and forecast, by region, 2012-2022, (Kilo Tons) (USD Million)
Chapter 5 TEG Regional Outlook
               5.1 Global TEG market share by region, 2014 & 2022
               5.2 North America
                  5.2.1 North America market estimates and forecast, 2012-2022 (Kilo Tons) (USD Million)
                  5.2.2 North America market estimates and forecast by application, 2012-2022 (Kilo Tons) (USD Million)
                  5.2.3 U.S.
                     5.2.3.1 U.S. market estimates and forecast, 2012-2022 (Kilo Tons) (USD Million)
                     5.2.3.2 U.S. market estimates and forecast by application, 2012-2022 (Kilo Tons) (USD Million)
               5.3 Europe
                  5.3.1 Europe market estimates and forecast, 2012-2022 (Kilo Tons) (USD Million)
                  5.3.2 Europe market estimates and forecast by application, 2012-2022 (Kilo Tons) (USD Million)
                  5.3.3 Germany
                     5.3.3.1 Germany market estimates and forecast, 2012-2022 (Kilo Tons) (USD Million)
                     5.3.3.2 Germany market estimates and forecast by application, 2012-2022 (Kilo Tons) (USD Million)
               5.4 Latin America
                  5.4.1 Latin America market estimates and forecast, 2012-2022 (Kilo Tons) (USD Million)
                  5.4.2 Latin America market estimates and forecast by application, 2012-2022 (Kilo Tons) (USD Million)
               5.5 Asia Pacific
                  5.5.1 Asia Pacific market estimates and forecast, 2012-2022 (Kilo Tons) (USD Million)
                  5.5.2 Asia Pacific market estimates and forecast by application, 2012-2022 (Kilo Tons) (USD Million)
                  5.5.3 China
                     5.5.3.1 China market estimates and forecast, 2012-2022 (Kilo Tons) (USD Million)
                     5.5.3.2 China market estimates and forecast by application, 2012-2022 (Kilo Tons) (USD Million)
                  5.5.3 India
                     5.5.3.1 India market estimates and forecast, 2012-2022 (Kilo Tons) (USD Million)
                     5.5.3.2 India market estimates and forecast by application, 2012-2022 (Kilo Tons) (USD Million)
               5.6 MEA
                  5.6.1 MEA market estimates and forecast, 2012-2022 (Kilo Tons) (USD Million)
                  5.6.2 MEA market estimates and forecast by application, 2012-2022 (Kilo Tons) (USD Million)
                  5.6.3 Saudi Arabia
                     5.6.3.1 Saudi Arabia market estimates and forecast, 2012-2022 (Kilo Tons) (USD Million)
                     5.6.3.2 Saudi Arabia market estimates and forecast by application, 2012-2022 (Kilo Tons) (USD Million)
Chapter 6 Competitive Landscape 
               6.1 Huntsman Corporation 
                  6.1.1 Company Overview
                  6.1.2 Financial Performance
                  6.1.3 Product Benchmarking
                  6.1.4 Strategic Initiatives 
               6.2 China Petroleum & Chemical Corporation
                  6.2.1 Company Overview
                  6.2.2 Financial Performance
                  6.2.3 Product Benchmarking
                  6.2.4 Strategic Initiatives
               6.3 LyondellBasell
                  6.3.1 Company Overview
                  6.3.2 Financial Performance
                  6.3.3 Product Benchmarking
                  6.3.4 Strategic Initiatives
               6.4 SABIC
                  6.4.1 Company Overview
                  6.4.2 Financial Performance
                  6.4.3 Product Benchmarking
                  6.4.4 Strategic Initiatives
               6.5 Indorama Venture
                  6.5.1 Company Overview
                  6.5.2 Financial Performance
                  6.5.3 Product Benchmarking
                  6.5.4 Strategic Initiatives
               6.6 Clariant
                  6.6.1 Company Overview
                  6.6.2 Financial Performance
                  6.6.3 Product Benchmarking
                  6.6.4 Strategic Initiatives
               6.7 ExxonMobil
                  6.7.1 Company Overview
                  6.7.2 Financial Performance
                  6.7.3 Product Benchmarking
                  6.7.4 Strategic Initiatives
               6.8 The Dow Chemical Company
                  6.8.1 Company Overview
                  6.8.2 Financial Performance
                  6.8.3 Product Benchmarking
                  6.8.4 Strategic Initiatives
               6.9 Lotte Chemical Corporation
                  6.9.1 Company Overview
                  6.9.2 Financial Performance
                  6.9.3 Product Benchmarking
                  6.9.4 Strategic Initiatives
               6.10 INEOS Group Limited
                  6.10.1 Company Overview
                  6.10.2 Financial Performance
                  6.10.3 Product Benchmarking
                  6.10.4 Strategic Initiatives
               6.11 Reliance Industries Ltd
                  6.11.1 Company Overview
                  6.11.2 Financial Performance
                  6.11.3 Product Benchmarking
                  6.11.4 Strategic Initiatives
               6.12 Royal Dutch Shell
                  6.12.1 Company Overview
                  6.12.2 Financial Performance
                  6.12.3 Product Benchmarking
                  6.12.4 Strategic Initiatives
               6.13 Eastman Chemical Company
                 6.13.1 Company Overview
                  6.13.2 Financial Performance
                  6.13.3 Product Benchmarking
                  6.13.4 Strategic Initiatives
               6.14 BASF
                  6.14.1 Company Overview
                  6.14.2 Financial Performance
                  6.14.3 Product Benchmarking
                  6.14.4 Strategic Initiatives
               6.15 India Glycols
                  6.15.1 Company Overview
                  6.15.2 Financial Performance
                  6.15.3 Product Benchmarking
                  6.15.4 Strategic Initiatives
               6.16 Formosa Plastics
                  6.16.1 Company Overview
                  6.16.2 Financial Performance
                  6.16.3 Product Benchmarking
                  6.16.4 Strategic Initiatives
               6.17 Indian Oil Corporation Limited
                  6.17.1 Company Overview
                  6.17.2 Financial Performance
                  6.17.3 Product Benchmarking
                  6.17.4 Strategic Initiatives


List of Tables
1. TEG - Industry Summary & Key Buying Criteria
2. Global TEG market estimates and forecast, 2012-2022 (Kilo Tons) (USD Million)
3. Global TEG market volume by region, 2012-2022 (Kilo Tons) 
4. Global TEG market revenue by region, 2012-2022 (USD Million)
5. Global TEG market volume by application, 2012-2022 (Kilo Tons)
6. Global TEG market revenue by application, 2012-2022 (USD Million)
7. TEG - Key market driver analysis
8. TEG - Key market restraint analysis
9. Global TEG market estimates and forecast by application , 2012-2022 (Kilo Tons) (USD Million)
10. Global TEG market estimates and forecast in natural gas dehydration, 2012-2022 (Kilo Tons) (USD Million)
11. Global TEG market volume estimates and forecast in natural gas dehydration, by region, 2012-2022 (Kilo Tons) 
12. Global TEG market revenue estimates and forecast in natural gas dehydration, by region, 2012-2022 (USD Million)
13. Global TEG market estimates and forecast in solvents, 2012-2022 (Kilo Tons) (USD Million)
14. Global TEG market volume estimates and forecast in solvents, by region, 2012-2022 (Kilo Tons) 
15. Global TEG market revenue estimates and forecast in solvents, by region, 2012-2022 (USD Million)
16. Global TEG market estimates and forecast in plasticizers, 2012-2022 (Kilo Tons) (USD Million)
17. Global TEG market volume estimates and forecast in plasticizers, by region, 2012-2022 (Kilo Tons) 
18. Global TEG market revenue estimates and forecast in plasticizers, by region, 2012-2022 (USD Million)
19. Global TEG market estimates and forecast in polyurethanes, 2012-2022 (Kilo Tons) (USD Million)
20. Global TEG market volume estimates and forecast in polyurethanes, by region, 2012-2022 (Kilo Tons) 
21. Global TEG market revenue estimates and forecast in polyurethanes, by region, 2012-2022 (USD Million)
22. Global TEG market estimates and forecast in humectants, 2012-2022 (Kilo Tons) (USD Million)
23. Global TEG market volume estimates and forecast in humectants, by region, 2012-2022 (Kilo Tons) 
24. Global TEG market revenue estimates and forecast in humectants, by region, 2012-2022 (USD Million)
25. Global TEG market estimates and forecast in polyester resins, 2012-2022 (Kilo Tons) (USD Million)
26. Global TEG market volume estimates and forecast in polyester resins, by region, 2012-2022 (Kilo Tons) 
27. Global TEG market revenue estimates and forecast in polyester resins, by region, 2012-2022 (USD Million)
28. Global TEG market estimates and forecast in other applications, 2012-2022 (Kilo Tons) (USD Million)
29. Global TEG market volume estimates and forecast in other applications, by region, 2012-2022, (Kilo Tons)
30. Global TEG market revenue estimates and forecast in other applications, by region, 2012-2022 (USD Million)
31. Global TEG market estimates and forecast by region, 2012-2022 (Kilo Tons) (USD Million)
32. North America TEG market estimates and forecast, 2012-2022 (Kilo Tons) (USD Million)
33. North America TEG market volume estimates and forecast by application, 2012-2022 (Kilo Tons)
34. North America TEG market revenue estimates and forecast by application, 2012-2022 (USD Million)
35. U.S. TEG market estimates and forecast, 2012-2022 (Kilo Tons) (USD Million)
36. U.S. TEG market volume estimates and forecast by application, 2012-2022 (Kilo Tons)
37. U.S. TEG market revenue estimates and forecast by application, 2012-2022 (USD Million)
38. Europe TEG market estimates and forecast, 2012-2022 (Kilo Tons) (USD Million)
39. Europe TEG market volume estimates and forecast by application, 2012-2022 (Kilo Tons)
40. Europe TEG market revenue estimates and forecast by application, 2012-2022 (USD Million)
41. Germany TEG market estimates and forecast, 2012-2022 (Kilo Tons) (USD Million)
42. Germany TEG market volume estimates and forecast by application, 2012-2022 (Kilo Tons)
43. Germany TEG market revenue estimates and forecast by application, 2012-2022 (USD Million)
44. Latin America TEG market estimates and forecast, 2012-2022 (Kilo Tons) (USD Million)
45. Latin America TEG market volume estimates and forecast by application, 2012-2022 (Kilo Tons)
46. Latin America TEG market revenue estimates and forecast by application, 2012-2022 (USD Million)
47. Asia Pacific TEG market estimates and forecast, 2012-2022 (Kilo Tons) (USD Million)
48. Asia Pacific TEG market volume estimates and forecast by application, 2012-2022 (Kilo Tons)
49. Asia Pacific TEG market revenue estimates and forecast by application, 2012-2022 (USD Million)
50. China TEG market estimates and forecast, 2012-2022 (Kilo Tons) (USD Million)
51. China TEG market volume estimates and forecast by application, 2012-2022 (Kilo Tons)
52. China TEG market revenue estimates and forecast by application, 2012-2022 (USD Million)
53. India TEG market estimates and forecast, 2012-2022 (Kilo Tons) (USD Million)
54. India TEG market volume estimates and forecast by application, 2012-2022 (Kilo Tons)
55. India TEG market revenue estimates and forecast by application, 2012-2022 (USD Million)
56. MEA TEG market estimates and forecast, 2012-2022 (Kilo Tons) (USD Million)
57. MEA TEG market volume estimates and forecast by application, 2012-2022 (Kilo Tons)
58. MEA TEG market revenue estimates and forecast by application, 2012-2022 (USD Million)
59. Saudi Arabia TEG market estimates and forecast, 2012-2022 (Kilo Tons) (USD Million)
60. Saudi Arabia TEG market volume estimates and forecast by application, 2012-2022 (Kilo Tons)
61. Saudi Arabia TEG market revenue estimates and forecast by application, 2012-2022 (USD Million)


List of Figures
1. TEG market segmentation
2. Global TEG market estimates and forecast, 2012 - 2022 (Kilo Tons) (USD million)
3. TEG - Value chain analysis
4. TEG - Market dynamics
5. Global solvents market, 2008 - 2012 (Million Tons)
6. Global automotive market, 2008-2014 (USD Billion)
7. Ethylene price trends, 2010-2012 (USD per ton)
8. Key opportunities prioritized
9. Industry analysis - Porter's
10. TEG - Company market share analysis, 2014
11. TEG PESTEL analysis
12. Global TEG market volume share by application, 2014 & 2022
13. Global TEG market estimates and forecast in natural gas dehydration, 2012-2022 (Kilo Tons) (USD Million)
14. Global TEG market estimates and forecast in solvents, 2012-2022 (Kilo Tons) (USD Million)
15. Global TEG market estimates and forecast in plasticizers, 2012-2022 (Kilo Tons) (USD Million)
16. Global TEG market estimates and forecast in polyurethanes, 2012-2022 (Kilo Tons) (USD Million)
17. Global TEG market estimates and forecast in humectants, 2012-2022 (Kilo Tons) (USD Million)
18. Global TEG market estimates and forecast in polyester resins, 2012-2022 (Kilo Tons) (USD Million)
19. Global TEG market estimates and forecast in other applications, 2012-2022 (Kilo Tons) (USD Million)
20. Global TEG market volume share by region, 2014 & 2022
21. North America TEG market estimates and forecast, 2012-2022 (Kilo Tons) (USD Million)
22. U.S. TEG market estimates and forecast, 2012-2022 (Kilo Tons) (USD Million)
23. Europe TEG market estimates and forecast, 2012-2022 (Kilo Tons) (USD Million)
24. Germany TEG market estimates and forecast, 2012-2022 (Kilo Tons) (USD Million)
25. Latin America TEG market estimates and forecast, 2012-2022 (Kilo Tons) (USD Million)
26. Asia Pacific TEG market estimates and forecast, 2012-2022 (Kilo Tons) (USD Million)
27. China TEG market estimates and forecast, 2012-2022 (Kilo Tons) (USD Million)
28. India TEG market estimates and forecast, 2012-2022 (Kilo Tons) (USD Million)
29. MEA TEG market estimates and forecast, 2012-2022 (Kilo Tons) (USD Million)
30. Saudi Arabia TEG market estimates and forecast, 2012-2022 (Kilo Tons) (USD Million)