Ethylene glycol refers to a transparent, odorless, and viscous organic compound that absorbs water. It has the chemical formula of (CH2OH)2 and is widely used as an industrial coolant, as a raw material in the manufacturing of polyester fibers, in antifreeze formulations, etc., across countries. The most common types of ethylene glycol are mono ethylene glycol (MEG), diethylene glycol (DEG), tri ethylene glycol (TEG), etc. They are extensively utilized in the heat transfer processes in compressors and heating, ventilating and air conditioning (HVAC) systems. Ethylene glycol is also used in manufacturing fiberglass and polyethylene terephthalate resin, which, in turn, are used to manufacture upholstery, packaging materials, bathtubs, bowling balls, etc. It is further extensively utilized in numerous other consumer products, such as automotive antifreeze, hydraulic brake fluids, solvents, paints, films, cosmetics, etc.Browse complete production cost analysis report with TOC and list of figures & tables: https://www.syndicatedanalytics.com/ethylene-glycol-production-cost-analysis-report
The escalating product demand for manufacturing polyethylene terephthalate (PET) packaging solutions is among the key factors driving the ethylene glycol market. In addition to this, the rising number of applications of ethylene glycol across industries, owing to its high boiling point, resistance to corrosion, hygroscopicity, optimal lubrication, etc., is further catalyzing the market growth. Apart from this, the increasing adoption of polyester fibers as a cushioning material in pillows, comforters, upholstery padding, etc., is acting as another significant growth-inducing factor. Besides this, the development of several bio-based product variants produced from various agricultural wastes, including hay, molasses, bagasse, etc., is expected to fuel the ethylene glycol market over the forecasted period across the globe.
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Market Trends
Major Regions
Key Manufacturers
Price Trends
Mass Balance and Raw Material Requirements
Various Types of Unit Operations Involved
Raw Material Costs
Utility Costs
Labor Costs
Packaging Costs
Transportation Costs
Land and Construction Costs
Machinery Costs
Profit Margins
Product Pricing
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