The research report on China ethylene glycol market provides accurate analysis of the industry capacity, supply and demand side, industry growth rate, and the industry structure. China is the largest consumer of ethylene glycol in the world and the import dependence degree is around seventy percent. Economic instability coupled with government initiatives to stabilize the economy and textile export influenced by international market trends have somewhat constrained the growth of this market.
The research report investigates further the historical data and importantly the forecasts in the global and China ethylene glycol market size, production forecasts, and the key drivers and restrains that shape the market dynamics. The report compares the dynamics of the global ethylene glycol market and gives a detailed overview of how this affects the regional China market. The market trends and opportunities comprehensively investigated in this report will help businesses in this industry to create an effective marketing strategy.
A wide array of graphics makes for an easy-to-comprehend market analysis. Moreover, the use of Porter’s five forces model analysis, SWOT analysis and a study of the value-chain keep you abreast of the projected opportunities and threats in the wind power market.
Overview of the China ethylene glycol market
In the production process of polyester fibers such as PET (polyethylene terephthalate) and others ethylene glycol is employed as a raw material. The global ethylene glycol industry is worth billions and will exceed 30 billion revenue shares in the next five years. The growing demand for PET for packaging applications especially in beverage industry of Latin America and Asia-Pacific is anticipated to contribute as a key driving factor for the market growth.
Asia Pacific, the dominating market in the global ethylene glycols industry will be the fastest growing market in the coming few years. Emerging economies such as China and India in Asia-Pacific will support the growth of this market. In China, the Jiangsu-Zhejiang region attributes as the main consumption market of ethylene glycol, while the main import source is Middle East. The slow growth of downstream polyester in coming few years will result in the declining demand for ethylene glycol.
In the past few years, the production capacity of China’s ethylene glycol demonstrated great progress; however, the output in the China ethylene glycol market has not shown a significant progress. This is one of the factors that is responsible for transportation of ethylene glycol raw materials. Ethylene oxide is the core raw material in the conventional petrochemical routine ethylene glycol. This decides the production capacity of domestic ethylene glycol, mostly concentrates in the large petrochemical companies. Insufficient competitiveness of regional high production cost and shocks of international low cost products tends to also affect the production capacity.
The companies profiled in the China ethylene glycol research report are COFCO Biochemical (Anhui), China Petrochemical Corporation (Sinopec Group), CNOOC and Shell Petrochemicals Company Limited (CSPC), Danhua Chemical Technology, and many others.
Major geographies analyzed under this research report are:
- North America
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
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- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments