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Asia Pacific Glycol Market growth will be driven by rising demand in the packaging industry

May 14, 2019 (Heraldkeeper via COMTEX) --

Global Market Insights added a new report on Glycol Market to its research database. The report focuses on global major leading players with information such as company profiles, growth, product segment, technology segment, end user segment and region.

Glycol Market size will witness a considerable growth, with increasing demand of the organic compound in wide range of application in textile, paper, leather, automotive, paints and coating industries. Rising demand for the compound in polyester resins manufacturing will add to glycol market growth in forecast time frame. Textile manufacturers are shifting focus on low cost and easily accessible chemical intermediates. Surge in the application of product as a protecting group in organic synthesis will be a major driving force for glycol market growth.

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Growing demand of product as a coolant and antifreeze will propel the glycol market in forecast time frame. Product application as a heat transfer agent in automobiles, computers, and air conditioning appliances are expected to increase considerably in coming years which will add to glycol market growth. Increasing demand for the product as a raw material for manufacturing polyester fibers especially polyethylene terephthalate is most significant factor responsible for glycol market growth in forecast period.

The product affinity for water and high boiling point properties make product even more popular, and its application as a desiccant will continue to witness significant gains in forecast period. Upsurge in preference of the product as a dehydrating agent to remove water vapors from natural gas will lead to glycol market growth in forecast period. Minor application of product includes manufacturing of capacitors, an anti-corrosive substance in liquid cooling systems, vaccines and screen cleaning solutions.

North America is projected to provide various growth opportunities for the product owing to surge in product application in polyethylene terephthalate production over forecast period. Product is widely used for manufacturing PET and rising demand from the electrical & electronic and automotive industries in U.S will lead to surge in consumption of product. At the same time, surge in demand for product as industrial alcohol will further add to glycol market growth. Escalating

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Global product market is highly fragmented and competitive in nature. Some of the key companies are Huntsman, MEGlobal, Idemitsu, Shell, SABIC, BASF and Dow Chemical Company. The companies are competing to increase market share and their customer base. Manufacturers are investing heavily in expansion projects to meet rising demand of consumers.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

********************************************************************** As of Friday, 05-10-2019 23:59, the latest Comtex SmarTrend® Alert, an automated pattern recognition system, indicated an UPTREND on 05-29-2012 for DOW @ $31.83. For more informa

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