Diethylene glycol (DEG) is an organic compound, which is also called ethylene diglycol. It is a poisonous, colorless, odorless compound, which is hygroscopic in nature and has a sweetish test. It is produced by partial hydrolysis of ethylene oxide. Generally, DEG is used as a solvent, though it can be a contaminant in various consumer products. Due to this, numerous epidemics have caused in the early 20th century. This has caused governments of different countries to impose stringent regulations on its use. DEG finds application in various such leather processing, printing inks, paper & pulp industry, tobacco manufacturing, and more. Furthermore, it is used as a raw material for thermoplastic polyurethanes, plasticizers, and polyester resins.
Global diethylene glycol market size is projected to increase significantly during the forecast period (2019-2027). Increasing demand for unsaturated polyester resins, polyurethane, and plasticizers is the major factor driving growth of the market. Furthermore, increasing demand for dyes, resins, oils, nitrocellulose, and other organic compounds is expected to boost the market growth during the forecast period. DEG has been majorly used for the manufacturing of coolants, water-based paints, waxes, adhesives, and glass cleaners, which is expected to drive the market growth in the near future. Moreover, significant growth of the plastic industry around the world is expected to increase the demand for diethylene glycol and thereby propel growth of the market in the near future. Furthermore, increasing demand for polyurethane from automotive, consumer goods, building & construction industries is projected to support the market growth during the forecast period.
However, the toxic nature of diethylene glycol is expected to hinder its demand thereby restrain growth of global diethylene glycol market during the forecast period. Moreover, stringent regulations by the government concerning its harmful effects is expected to hamper the market growth in the near future.
Market Regional Analysis
North America and Europe are projected to gain major market share in the global diethylene glycol market during the forecast period. This is owing to increasing demand for diethylene glycol from the plastic and tobacco industries. Furthermore, Asia Pacific is expected to witness significant market growth during the forecast period, owing to the lack of stringent policies regarding diethylene glycol and increasing demand for diethylene glycol in the region. China is expected to be a major contributor to the region.
Major manufacturers operating in the global diethylene glycol market are BASF SE, BP place, Celanese Corporation, Dow Chemicals, Arch Chemicals, and Askema AS.
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
The primary research is conducted with the ecosystem players including, but not limited to:
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.[email protected]
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.