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Global Triethylene Glycol (TEG) Market is Expected to Reach USD 237.2 Million in 2018: Transparency Market Research

December 10, 2012

ALBANY, New York, December 10, 2012 /PRNewswire/ –

According to a new market report published by Transparency Market Research
(http://www.transparencymarketresearch.com) “Triethylene Glycol Market (TEG) – Global
Industry Size, Market Share, Trends, Analysis and Forecast, 2012 – 2018,” the global
triethylene glycol (TEG) demand was estimated to be worth USD 167.9 million in 2010 and is
expected to reach USD 237.2 million by 2018, growing at a CAGR of 4.6% from 2013 to 2018.
Asia Pacific led the global market for TEG accounting for 66.2% of the global volumes in
2011, followed by North America and Europe. Asia Pacific along with being the largest
market is also the fastest growing market for TEG.

Browse the full report at

http://www.transparencymarketresearch.com/teg-market.html

The major factor driving the global market for TEG
[http://www.transparencymarketresearch.com/teg-market.html ] 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, volatility in raw material prices and regulatory issues
associated with the production and use of TEG are expected to have a negative impact on
the growth of the global market.

The growing demand of natural gas in the Asia Pacific region creates immense
opportunities for major TEG manufacturers as natural gas dehydration represents the
largest application of TEG and thus growth of natural gas in Asia Pacific will induce the
TEG market in the region to grow.

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Natural gas dehydration accounted for approximately 58.6% of the global TEG demand in
2011. Along with being the biggest market, it is also the fastest growing application
market for TEG at a CAGR of 4.8% from 2013 to 2018. Other applications capture smaller
amounts of market and are expected to remain stagnant till 2018. Some of the other
application segments for TEG include solvents, plasticizers, polyurethane, humectants and
polyester resins.

The global market for TEG is facing the threat of being oversupplied, mainly owing to
massive capacity additions in the Gulf Council Cooperation (GCC) in recent years. The
Kingdom of Saudi Arabia (KSA) is the major consumer of TEG in the GCC. KSA accounted for
approximately 63.4% of the GCC demand for TEG in 2011.

Some of the major participants in the global market for TEG include, SABIC (KSA), Dow
Chemical (U.S.), Shell (Netherlands), Sinopec (China), Honam Petrochemical (Korea) and so
on.

This research is specially designed to estimate and analyze the demand and performance
of TEG in a global scenario. The research provides in-depth analysis of TEG manufacturers,
trend analysis by segments and demand by geography. The report covers all the major
product segments of the TEG market and provides detailed analysis, historical data and
statistically refined forecast for the segments covered. The study presents a
comprehensive assessment of the stakeholder strategies, winning imperatives for them by
segmenting the TEG market as below:

Triethylene Glycol Market, by Application:

-Natural Gas Dehydration

-Solvents

-Plasticizers

-Polyurethane

-Humectants

-Polyester Resins

-Other

The report provides a cross-sectional analysis of all the above segments with respect
to the following geographical markets:

        - North America
        - Europe
        - MENA
        - Asia Pacific
        - Rest of the World (RoW)

In addition the report also covers the TEG market for Gulf Council Cooperation (GCC)
including the Kingdom of Saudi Arabia (KSA) with their TEG supply demand scenario.

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