Infinium Global Research Tri-ethylene Glycol (TEG) Market Global Industry A | Page 3

Market Insights
The global Tri-ethylene Glycol market was sized over USD XX billion in
2015. The global Tri-ethylene Glycol market is projected to grow with a CAGR
between 4.5% and 5.0% during 2017-2023 and reach USD XX billion by
2023. Growing natural gas production and increasing demand for plasticizers
are considered to be the key factor driving the global tri-ethylene glycol
market over the forecast period. Furthermore, increasing use of tri-ethylene
glycol to produce variety of products for industrial and commercial use such
as solvents, adhesives & coatings, lubricants, polyurethane foams, emulsifiers
and thermoplastics are also driving the global tri-ethylene glycol market
significantly.
Segments Covered:
The report segments the Tri-ethylene Glycol market by application and by
region. Market segmentation based on application includes natural gas
dehydration, solvents, plasticizers, polyurethanes, humectants, polyester
resins and others. Natural gas dehydration segment is likely to continue its
dominance and is also expected to grow at the highest CAGR over the
forecast period due to high consumption of TEG in natural gas dehydration
from developed nations.
Infinium Global Research