The latest report by Syndicated Analytics titled “Ethylene Glycol Production Cost Analysis 2022-2027: Capital Investment, Manufacturing Process, Raw Materials, Operating Cost, Industry Trends and Revenue Statistics” offers the requisite knowledge one requires before foraying into the ethylene glycol industry. The report encompasses exhaustive insights pertaining to pricing, margins, utility costs, operating costs, capital investments, raw material requirements and primary process flow, which is based on the latest economic data. It is a must-read report for new entrants, investors, researchers, consultants and business strategists that assists them in understanding the ethylene glycol industry in a better manner to make informed business decisions.
Ethylene glycol refers to a transparent, odorless, and viscous organic compound that absorbs water. It has the chemical formula of (CH2OH)2 and is widely used as an industrial coolant, as a raw material in the manufacturing of polyester fibers, in antifreeze formulations, etc., across countries. The most common types of ethylene glycol are mono ethylene glycol (MEG), diethylene glycol (DEG), tri ethylene glycol (TEG), etc. They are extensively utilized in the heat transfer processes in compressors and heating, ventilating and air conditioning (HVAC) systems. Ethylene glycol is also used in manufacturing fiberglass and polyethylene terephthalate resin, which, in turn, are used to manufacture upholstery, packaging materials, bathtubs, bowling balls, etc. It is further extensively utilized in numerous other consumer products, such as automotive antifreeze, hydraulic brake fluids, solvents, paints, films, cosmetics, etc.
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The escalating product demand for manufacturing polyethylene terephthalate (PET) packaging solutions is among the key factors driving the ethylene glycol market. In addition to this, the rising number of applications of ethylene glycol across industries, owing to its high boiling point, resistance to corrosion, hygroscopicity, optimal lubrication, etc., is further catalyzing the market growth. Apart from this, the increasing adoption of polyester fibers as a cushioning material in pillows, comforters, upholstery padding, etc., is acting as another significant growth-inducing factor. Besides this, the development of several bio-based product variants produced from various agricultural wastes, including hay, molasses, bagasse, etc., is expected to fuel the ethylene glycol market over the forecasted period across the globe.
The report providing in-depth, comprehensive techno-economic analysis, including:
- Market Trends
- Major Regions
- Key Manufacturers
- Price Trends
- Mass Balance and Raw Material Requirements
- Various Types of Unit Operations Involved
- Raw Material Costs
- Utility Costs
- Labor Costs
- Packaging Costs
- Transportation Costs
- Land and Construction Costs
- Machinery Costs
- Profit Margins
- Product Pricing
In case you need any specific business requirements, you can mention the same. We can customize the report based on the specific needs of the client.
Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Read Also: MDI Production Cost Analysis
About Us: Syndicated Analytics, a subsidiary of IMARC Group, offers consulting services and provides comprehensive market intelligence in the form of research reports, production cost reports and feasibility studies. Our team, consisting of experienced researchers and analysts from diverse industries, is deeply committed to the quality of the information and insights delivered to the clients, which range from small and medium enterprises to Fortune 1000 companies. These firms are able to achieve this by studying the qualitative and quantitative aspects of the market as well as staying up-to-date with the current and the evolving trends of the industry.
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