A
new research report by Transparency Market Research offers a
comprehensive evaluation of the China
Ethylene Glycol Market.
The study, titled “China
Ethylene Glycol Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast 2014 - 2020”,
is available for sale on the firm’s website.
Ethylene
glycol or ethylene alcohol is an organic compound mainly used
in the manufacture polyethylene terephthalate and polyester fibers.
Ethylene glycol is synthesized through various processes such as
ethylene carbonate process, Halcon acetoxylatin process, Teijin
oxychlorination process and hydrolysis of ethylene oxide among
others. Hydrolosis of ethylene oxide is one of the most widely used
process in the manufacturing of ethylene glycol. Monoethylene glycol
(MEG) is one of the most widely used ethylene glycol in the industry.
Diethylene glycol (DEG) and Triethylene glycol (TEG) are the
coproducts that are obtained during the manufacture of monoethylene
glycol. Monoethylene glycol is majorly consumed in the polyesters and
resins.
Request
FREE Sample pages of premium Research Report :
Asia
Pacific region is one of the major manufacturer and consumer of
ethylene across all regions. China is the major manufacturing hub for
ethylene glycol across the globe. Currently, China implements
traditional processes for the production of ethylene glycol.
The
market for ethylene glycol was mainly driven by high demand from
polyethylene terephthalate (PET) and polyester fibers. Polyethylene
terephthalate is converted into bottles, films and other components.
Polyester fibers are also considered as the major consumer of
ethylene glycol. It is used in textile industry in the manufacture of
upholstery, carpets and fabrics. China is considered as the major
textile-manufacturing region across the globe. Rise in demand for
polyester fibers from textile industry in China will subsequently
drive the demand for polyethylene glycol in this region. Ethylene
glycol is also used as antifreeze in automotive industry. Further,
ethylene glycol is used as dewatering agent in natural gas industry
to remove water vapor from gas. Additionally, ethylene glycol is also
used as coolant and heat transfer agent in air conditioning systems
and geothermal pumps.
China
is currently focusing on manufacture of ethylene glycol from coal as
compared to traditional petrochemical route. China is anticipated to
commercialize its coal based ethylene glycol manufacturing process in
next couple of years across all the projects. Coal based ethylene
glycol production in China is expected to acquire 40% of the
country’s ethylene glycol market. Some of the manufacturers in
China synthesize ethylene glycol with the help of syngas, a mixture
of carbon monoxide, hydrogen and oxygen. China is also one of the
major importer of ethylene glycol is Asia Pacific region. China
imports ethylene glycol from neighboring regions such as the Middle
East and Japan. Although the production capacities of ethylene glycol
have increased in China in past few years, the output has not
increased significantly. Transportation of raw materials, especially
ethylene dioxide required for ethylene glycol has been the major
concern for the manufacturers. China is expected to provide better
opportunities for the global ethylene glycol market over the forecast
period. Bio based ethylene glycol is anticipated to one of the major
opportunity for the growing ethylene glycol market in China.
Browse
the full Research report at:
East
China dominated the demand for ethylene glycol in 2013. Jiangsu and
Zhejiang province are the major consumers of ethylene glycol in
China. Anhui is another major province in East China that has high
ethylene glycol consumption. Hebei province, which is a part of North
China, is also considered as a major consumer of ethylene glycol in
China. Shijiazhuang Panjiang Chemicals Co., Ltd and Shijiazhuang
Lanyang Chemicals Co., Ltd are one of producers operating in this
province.
Some
of the key manufacturers in the China ethylene glycol market are
Sinopec, Royal Dutch Shell, Hebei Qilong Chemicals Co. Ltd., Jiangsu
Tianyin Chemical Co. Ltd., China National Petroleum Corporation and
Anhui XinYuan Chemical Co. Ltd. among others.
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