Ethylene Glycol Market - China Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Ethylene Glycol Market - China Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : September, 2020 | Chemical & Materials | PPT format

Report Digest


China Ethylene Glycol Market: Snapshot

One of the key factors boosting the growth of the Chinese ethylene glycol market is the increasing demand for PET bottles from the packaging industry. As food brands are seeking safer and healthier packaging alternatives, demand for PET packaging is increasing, which in turn is driving the growth prospects of the Chinese ethylene glycol market. PET containers can help retain the food aroma, flavor, and appearance. As PET bottles are easy to handle, light in weight, and can be re-sealed without any inconvenience, their demand will continue to grow, which in turn will boost the growth of the ethylene glycol market. The lead author of the report has stated that the flourishing growth of the automotive industry will also be a driving factor for the growth of the ethylene glycol market in China.

The demand for polyesters fibers for coated fabrics, seat belts, conveyor belt fabrics, in China will boost the growth of the market. This is because ethylene glycol is required for the manufacturing of polyester fibers. The Chinese ethylene glycol market is fragmented with the presence of small and large players. This is expected to create intense market competition among players. China has feedstock advantages and closer proximity to end-user markets, and this will drive the ethylene glycol in the country. The demand for ethylene glycol will rise from the downstream applications and textile industries. Fabrics made using polyester are extensively used in home furnishings, apparels, blankets, computer mouse pads, bed sheets, and upholstered furniture.

China Ethylene Glycol Market: Overview

The China ethylene glycol market is likely to experience a tremendous growth, primarily due to the burgeoning demand for polyester fibers across the globe. Polyester fibers are widely used in the textile industry in the manufacturing of carpets, upholstery, conveyer belts, and seat belts. Ethylene glycol is an organic compound primarily used in the manufacturing of polyester fibers and polyethylene terephthalate. Globally, Asia Pacific is one of the key consumer as well as manufacturer of ethylene glycol. China is one of the important growth sites of the Asia Pacific market.

At present, China uses conventional processes for the production of ethylene glycol. Manufacturers are shifting their focus from conventional petrochemical route to coal. The country is expected to commercialize its coal-based manufacturing processes in the forthcoming years across all projects. Several manufacturers in the country produce ethylene glycol using syngas, a mixture of oxygen, hydrogen, and carbon monoxide.

The report is a complete, professional study for existing as well as new manufacturers in the China ethylene glycol market. It provides essential insights into the industry chain structure along with an extensive understanding of the upstream raw materials and downstream demand chain and import and export statistics. It also sheds light on the currently available production capacities and the efficiency at which they are utilized. The competitive landscape of the market has been derived using tools such as Porter’s five force analysis and market attractiveness analysis. It offers a detailed overview of drivers, restraints, opportunities, and trends of the China ethylene glycol market.

China Ethylene Glycol Market: Drivers and Restraints

The growing demand for PET resin from the food and beverage industry for the manufacturing of water bottles and food containers is driving the China ethylene glycol market. The rising demand for antifreeze agents is also bolstering the growth of the market. Ethylene glycol is used as antifreeze in the automotive industry. Moreover, it is extensively used in medical sterilization and as heat transfer agent and coolant in geothermal pumps and air conditioning systems. The increasing production capacity for ethylene glycol is favoring the growth of the market.

On the flip side, the efficiency of the existing production setups is low and therefore, the output has not increased as significantly as production capacities have increased. Volatile prices and transportation of raw materials, particularly ethylene dioxide are primary concerns for players in the market.

China Ethylene Glycol Market: Regional Segmentation

East China will be a prominent regional segment during the forecast period. Zhejiang, Anhui, and Jiangsu are the major revenue contributors to the growth of the region, primarily due to high ethylene glycol consumption in these provinces. Hebei province located in North China also serves as a major hub for the China market. Shijiazhuang Lanyang Chemicals Co. Ltd. and Shijiazhuang Panjiang Chemicals Ltd. are among the major producers of ethylene glycol in the province.

China Ethylene Glycol Market: Key Manufacturers Mentioned in the Report

Some of the prominent players in the China ethylene glycol market are Jiangsu Tianyin Chemical Co. Ltd., Hebei Qilong Chemicals Co. Ltd., Royal Dutch Shell, Sinopec, China National Petroleum Corporation, and Anhui XinYuan Chemical Co. Ltd.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?