The Glycol Global Market Report 2023, provides comprehensive information on the glycol market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/glycol-global-market-report
As per The Business Research Company’s Glycol Global Market Report 2023, the market size is expected to grow from $36.12 billion in 2022 to $39.22 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of glycol market is expected to reach $52.40 billion in 2027 at a CAGR of 7.5%.
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Product innovations are a key trend gaining popularity in the glycol market. Companies operating in the glycol market are focused on innovating new products and solutions to sustain their position in the market. For instance, in August 2022, Valvoline Inc., an automotive oil, additives, and lubricants manufacturing company, launched Valvoline Advanced Coolant, a glycol-based full-antifreeze coolant. This new coolant offers protection in extremely hot and cold climate conditions, protecting against overheating and freezing weather to keep the engine running. It is backward compatible with all cooling systems employing OAT coolants. It is a cutting-edge substance with a sophisticated formulation that extends the life of vehicle engines. With the help of its ethylene glycol-based formulation, it features a non-depleting organic-acid technology that might help prolong engine life and make it suitable for adverse conditions.
The glycol market is segmented:
1) By Type: Ethylene Glycol, Propylene Glycol, Other Types
2) By Application: Antifreeze and Coolants, Polyester Fiber Production, PET Bottles and Packaging, Solvents and Humectants, Dehydrating Agent, Chemical Intermediates
3) By End User: Automotive And Transportation, Packaging, Food and Beverage, Cosmetics, Textile, Other End-Users
Asia-Pacific was the largest region in the glycol market in 2022.
The table of contents in TBRC’s glycol market report includes:
1. Executive Summary
2. Glycol Market Characteristics
3. Glycol Market Trends And Strategies
4. Glycol Market – Macro Economic Scenario
5.Global Glycol Historic Market Size and Growth, 2017 – 2022
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32. Global Glycol Market Competitive Benchmarking
33. Global Glycol Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Glycol Market
35. Glycol Market Future Outlook and Potential Analysis
36. Appendix
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