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Asia Pacific: Leading Ethylene Glycol (EG) Market On Account Of Strong Polyethylene Terephthalate (PET) Demand Growth
GlobalData, Feb 2011, Pages: 7
Asia Pacific: Leading Ethylene Glycol (EG) Market On Account Of Strong Polyethylene Terephthalate (PET) Demand Growth
Summary
Ethylene Glycol (EG) is an organic compound widely used for the production of Polyethylene Terephthalate (PET) fibers and resins. PET fibers are mainly consumed in the textile industry, while PET resins are consumed in the bottles and packaging industry. Monoethylene Glycol (MEG) is given the highest importance of the commercially available glycols which include diethylene glycol and triethylene glycol. The Asia Pacific Ethylene Glycol (EG) market has witnessed a rapid growth in the last decade. Its production capacity has doubled from 2000 to 2010. Asia Pacific had the largest capacity and demand shares of 38% and 65% respectively in the year 2010. This huge demand was driven by China which accounted for 43% of the global demand and 66% of the Asia Pacific demand. The rapidly growing economy combined with a huge population base is expected to lead to increased demand for PET in the Asia Pacific region in the near future. This increased PET demand is set to drive the growth of the EG market in the region.
Scope
- Analyses the Asia Pacific's demand and production scenario of Ethylene Glycol (EG) industry
- Analyses the factors leading to high growth of Ethylene Glycol (EG) demand in Asia Pacific
Reasons to buy
- Understand the drivers for ethylene glycol industry in Asia Pacific
- Formulate strategies based on the upcoming capacities
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