China Glycol Market Analysis, 2020
China Glycol Market Analysis, 2020 research report depicts a deep dive market analysis of statistics of China Glycol Market, which consists of regional and country-wise market size, forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.
According to MarkNtel Advisors’ research report “China Glycol Market Analysis, 2020”, the China Glycol Market is anticipated to grow at a substantial CAGR during 2020-25. The factors stimulating the growth of the Chinese Glycol market is escalating the demand for PET bottles from the packaging industry. Also, the food brands are opting for healthier and safer food packaging which in turn, propels the demand for PET packaging also driving the demand for China Glycol market. Owing to the certain properties that PET bottles contain such as they are light weighted and easy to handle would continue to foster the demand for China Glycol market during 2020-25. The mushrooming automotive industry is also expected to contribute to the growth of China Glycol market.
East China Region Continues to Show Positive Growth
Zhejiang, Anhui, and Jiangsu are the major growth regions for Glycol. Thus, the East China region showcases a commendable growth and grabbed the highest market share in 2019. Due to high Glycol consumption in these provinces is the major reason for the growth of Glycol in East China. Hebei province located in North China is a major hub for Glycol thus, it also comprises a prominent market share in the same year. Shijiazhuang Lanyang Chemicals Co. Ltd. and Shijiazhuang Panjiang Chemicals Ltd. are among the major producers of ethylene glycol in the province.
Burgeoning Demand for Polyethylene Terephthalate (PET)
The market of Glycol is majorly driven by the high demand from polyethylene terephthalate (PET) and polyester fibres. Polyester fibres are also considered as the major consumer of Glycol and are used in the textile industry used in manufacturing upholstery, carpets, and fabrics. China is leading in textile manufacturing. Therefore, upsurge in demand for polyester fibres from the textile industry in the country would propel the demand for polyglycol in this region as revealed by the MarkNtel Advisors’ research report “China Glycol Market Analysis, 2020”.
According to MarkNtel Advisors’, the key players with a considerable market share in the China Glycol market include Dalian Shide Group, Sinopec, Quingdao Petrochemical, Taizhaou Petrochemical, China National Petroleum Corporation (CNPC), Fujian refining & Petroleum Co., Hebei Qilong Chemicals Co. Ltd., Jiangsu Tianyin Chemical Co. Ltd., Royal Dutch Shell, Anhui XinYuan Chemical Co. Ltd., etc.
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation and Statistics:
Frequently Asked Questions:
Q. What is the historical year, base year and forecast year considered in the research report on China Glycol Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of China Glycol Market during 2020-25?
A. The growth rate of China Glycol Market during 2020-25 contains a substantial CAGR.
Q. Who are the key competitors or players operating in China Glycol Market?
A Dalian Shide Group, Sinopec, Quingdao Petrochemical, Taizhaou Petrochemical, China National Petroleum Corporation (CNPC), Fujian refining & Petroleum Co., Hebei Qilong Chemicals Co. Ltd., Jiangsu Tianyin Chemical Co. Ltd., Royal Dutch Shell, Anhui XinYuan Chemical Co. Ltd., etc. are few of the leading players in the China Glycol Market.
Q. Which application segment would emerge as an opportunity area for players in China Glycol Market?
A. PET segment application segment is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which end-user segment would emerge as an opportunity area for players in China Glycol Market?
A. The textile segment grabbed a significant market share continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of China Glycol Market.