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

  • Single User License $3500

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

Status : May, 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.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

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

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

Wish to check Table of Contents of this report?

Click below to Request TOC

Request TOC