Diethylene Glycol (DEG) Market Reports to Grow at a CAGR of 5.12% during the forecast to 2030

NEW YORK - Oct. 13, 2022 - PRLog -- According to ChemAnalyst report, "Diethylene Glycol (DEG) Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2035", The Diethylene Glycol (DEG) market witnessed significant growth as its demand reached 3.25 million tonnes in 2020 and is anticipated to grow at a healthy CAGR of 5.12% in the span of the next ten years. Consistently increasing demand for Diethylene Glycol from various end-use industries, including paint and coatings, automotive, textiles, cosmetic and personal care, building and construction, agrochemical, and others, is likely to boost the DEG market in the forecast period. The rising demand from the flourishing plastic industry is expected to drive the market in the upcoming years.

Diethylene glycol is a stable, colorless, odorless, poisonous, and hygroscopic liquid with the molecular formula C4H10O3.  DEG is completely miscible in water and consists of four carbon dimers of ethylene glycol. It is synthesized by the partial hydrolysis of Ethylene Oxide and as a co-product of ethylene glycol (MEG) and triethylene glycol. DEG is extensively used as a solvent that makes it useful in cleaners, cement processing, heat transfer fluids, and adhesives. Diethylene Glycol is commercially used in the manufacturing of antifreeze, brake fluid, cigarettes, some dyes, and medicines. It also finds its applications in the production of saturated and unsaturated polyester resins, polyurethanes, humectants, and plasticizers.

Diethylene Glycol (DEG) Market is segmented based on end-use, applications, distribution channel, and region. Based on various applications, the DEG market is divided into plasticizers, solvents, polyester resins, chemical intermediates, lubricants, dehydrants, cosmetic and personal care products, freezing product depressants, and others.

Read Full Report Here: https://www.chemanalyst.com/industry-report/diethylene-glycol-market-660

Major players:

• Reliance Industries,
• GC Glycol Company,
• BASF SE,
• Royal Dutch Shell PLC,
• Huntsman International LLC,
• India Glycol Limited,
• Indian Oil Corporation,
• SABIC,
• Lyondell Basell Industries,
• Mitsubishi Chemical Corporation,
• Acuro Organics Limited,
• Sibur, Indorama LLC., and
• Others.

"The rapidly increasing demand for Diethylene Glycol from various end-use industries including agrochemicals, cosmetic and personal care, automotive, and others is likely to boost the DEG market across the world in the upcoming years. The increasing disposable income and rising industrialization around the world has led to a rise in the demand for DEG which will propel its market in the forecast period.