Global Glycol Market: Overview

The demand within the global market for glycol has been rising on account of advancements in the chemical industry. The use of glycol spans across a range of industries, and the cooling properties of the compound help in accomplishing various tasks. The organic value og glycol has played a major role in the growth of the global market for glycol in recent times. The water-miscible nature of glycol makes it a sound and useful compound across a wide array of industries. Glycol can also be used for heat transfer, and this is another key property of this organic compound. The heat transfer characteristics developed by glycol on being mixed with water are commendable, and this factor has played a major role in increased adoption of glycol. Two of the major types of glycol are propylene ethylene and ethylene glycol, and each of them is extremely useful in the chemical industry. The use of ethylene glycol across a wide array of industries has played an underhanded role in the growth of the global glycol market. It is expected that the revenue index of the global glycol market would improve in the years to come.

The global market for glycol can be segmented on the basis of the following parameters: product, application, and region. The market segments pertaining to the global glycol market are instrumental in defining the growth dynamics of this market.

A report added by Transparency Market Research (TMR) on the global glycol market is a deft explanation of the forces that have aided market growth. The market for glycol endows lucrative opportunities for growth, and the report defines the scope and nature of these opportunities. The regional dynamics of the global glycol market have also been enunciated in the report.

Global Glycol Market: Trends and Opportunities

The global glycol market has been expanding at a stellar pace over the past decade, and there is a possibility of fresh investments to flow into the market. The commendable uses of ethylene glycol and propylene glycol are the major reasons behind the growth of the global glycol market. The use of these glycols in the automotive sector is expected to keep improving the revenue index of the global market. The automotive sector endows voluminous opportunities for growth, and this sector has aided the growth of key user industries. Henceforth, it can be predicted that the global glycol market would emerge as a haven of opportunities in the years to follow.

Global Glycol Market: Market Potential

The global market for glycol has expanded its roots to several sectors and industries. The use of ethylene glycol in HVAC has emerged as a key reason behind the growth of the global glycol market. Furthermore, the manufacture of textiles also involves the use of ethylene and propylene glycol. This factor has in turn improved the growth prospects within the global glycol market in recent times.

Global Glycol Market: Regional Outlook

On the basis of geography, the global glycol market has been segmented into Latin America, North America, the Middle East and Africa, Asia Pacific, and Europe. The market for glycol in Asia Pacific has been expanding alongside advancements in the field of polyester and resin manufacturing. Furthermore, the use of glycols in aircraft manufacturing has also aided market growth.

Global Glycol Market: Competitive Landscape

Some of the key vendors in the global glycol market are Lotte Chemical, Cargill, Ashland, Univar, SABIC, AkzoNobel, Huntsman, and Reliance Industries.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Glycol Market

Pre Book