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Published Date: 2012-12-10Number of Pages: 117

Triethylene Glycol (TEG) Market - Global Industry Size, Market Share, Trends, Analysis And Forecast, 2012 - 2018

The global triethylene glycol (TEG) market is a relatively smaller market when compared to other ethylene glycols (MEG & DEG), but owing to its excellent hygroscopic properties, TEG is widely used in applications such as dehydration of natural gas and air conditioning systems and in producing solvents and plasticizers. 

Triethylene glycol (TEG), a compound of the ethylene glycol family, is a transparent, odorless, viscous and water soluble liquid. It is completely miscible with water and many other organic liquids. Triethylene exhibits almost similar properties exhibited by other glycol compounds. TEG is preferred to be used in applications which require high boiling point, high molecular weight or low volatility than diethylene glycol. 

Apart from being a raw material for producing other products, TEG is also known for its hygroscopic properties and its ability to dehumidify fluids. Owing to its hygroscopic nature it is widely used for dehydration of natural gas and air conditioning systems. 

The primary raw material for the production of TEG is crude oil. Naphtha is obtained by the distillation of crude oil which contains certain specific hydrocarbons. Naphtha is subjected to a cracking process in the absence of oxygen to produce ethylene. Ethylene oxide is made to react with water at temperatures between 190-200 degree Celsius and pressure between 14 to 20 atm. This reaction produces monoethylene glycol (MEG) along with diethylene glycol (DEG) and triethylene glycol (TEG) as by-products. Most companies desire higher volume production of MEG and wish to reduce the by-products i.e. DEG and TEG. Therefore, in order to meet the demand for TEG, DEG is again made to react with ethylene oxide to produce TEG. 

TEG, which is a colorless viscous liquid, is mainly used in the process of dehydration of natural gas. Apart from dehydration, some other applications in which TEG is used are in solvents, plasticizers, polyurethanes, polyester resins among others. 

The major factor driving the global market for TEG includes the growth of the global natural gas market and the growing demand for plasticizers in end use industries. Its increasing application as a solvent is also acting as a major factor driving the global market for TEG. However, the volatility in raw material prices and the regulatory issues associated with the production and use of TEG are acting as factors inhibiting the growth of the global market.

Teg Demand For Solvents, Market Estimates And Forecast, 2010 -  2018

The global demand for TEG as solvents was estimated to be 13 kilo tons in 2010 which is expected to reach 18.1 kilo tons by 2018, growing at a CAGR of 4.5% from 2013 to 2018. The market is mainly driven by the growing use of aromatics and textile solvents which uses TEG.

In terms of revenues, the market was estimated be USD 16.8 million in 2010 which is expected to reach USD 24.4 million by 2018, growing at a CAGR of 4.9% from 2013 to 2018.

The report titled” Triethylene Glycol (TEG) Market – Global Industry Size, Market Share, Trends, Analysis and Forecast, 2012 – 2018” is an effort to determine the demand and supply of triethylene glycol (TEG) at global scenario. The application market of TEG in the report is segmented as natural gas dehydration, plasticizers, solvents, polyurethanes, polyester resins and humectants, and determine the market for each of the segment in terms of volumes and revenues along with their market estimates and forecast from 2010 to 2018. 

The study segments the market by key regions including North America, Europe, Asia Pacific, Middle East and North America (MENA) and others, providing regional drivers, restraints and challenges  along with market volumes and revenues from 2010 to 2018. The report focuses and provides in depth analysis of the TEG market in Gulf Council Cooperation (GCC) market for TEG and in addition measures the performance of the TEG market in the Kingdom of Saudi Arabia (KSA). The report also provides an in depth analysis of GCC and KSA’s TEG production volumes and analyzes the supply demand scenario existing in the region. 

The research report also include in depth competitive analysis. One of the competitive analysis tools included in this report is Porter’s five forces analysis, analyzing the bargaining power of suppliers and buyers, threat from new entrants and substitutes and the degree of competition existing among the participants in the market. We have also included company market share for global TEG manufacturers in order to provide the best competitive analysis tool to our client. This report offers a detailed value chain analysis covering the supply lead time across various consumer regions, supply chain networks, supply bottlenecks, changes in lead time and price break up from factory to sales. 

The market estimates and forecast for each segment of the report are derived from initial secondary research and to further validate our derived results, we have interviewed C-level executives of major companies operating in the triethylene glycol market through means of primary research to come up with our final results. Some of the companies profiled in this report includes Akzonobel, Dow Chemicals, Huntsman Corporation, Sinopec, BASF, Clariant AG, Formosa Plastic Group, Honam Petrochemical Corporation, Ineos, LyondellBasell, Royal Dutch Shell, SABIC and Exxon Mobil. This report also provides separate profiles for major companies operating in the GCC TEG market. The company profiles provide business overview, financial overview, business strategies, SWOT analysis and recent developments of all the companies mentioned above. 

The report provides in-depth competitive landscape, trend analysis by application segments and demand by geography. The report covers all the major application segments of the TEG market and provides detailed analysis along with factors driving and restraining the global and regional market for TEG. The research presents a detailed and comprehensive assessment of the stakeholder strategies and winning imperatives by segmenting the TEG market as

Inflation is not a part of pricing in this report. Prices of triethylene glycol vary in each region; hence, a similar volume to revenue ratio does not follow for each individual region. For the research report, we conducted in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represented the bulk of research efforts, supplemented by an extensive secondary research. We reviewed key players’ product literature, annual reports, press releases and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations and agencies. This has proven to be the most reliable, effective and successful approach for obtaining precise market data, capturing industry participants’ insights and recognizing business opportunities.
The market has been segmented as below:

Triethylene Glycol (TEG) Market: Application Analysis
  • Natural Gas Dehydration
  • Solvents
  • Plasticizers
  • Polyurethane
  • Humectants
  • Polyester Resins
  • Other
Triethylene Glycol (TEG) Market: Regional Analysis
  • North America
  • Europe
  • MENA
  • Asia Pacific
  • Rest of the World (RoW)


 
 
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