Ethylene Glycol Market by Type, Application and Geography - Forecast and Analysis 2023-2027

Published: Feb 2023 Pages: 181 SKU: IRTNTR72639

The global ethylene glycol market size is estimated to grow by  9,171.73 thousand t between 2022 and 2027  and the size of the market is forecast to increase at a CAGR of 4.83%.

The growth of the market depends on several factors, including growing demand from developing countries, an increase in demand for PET bottles, and growing demand for polyester fiber and films.

This report extensively covers market segmentation by type (MEG, DEG, and TEG), application (polyester fiber and films, pet, antifreeze and coolant, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

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Ethylene Glycol Market: Key Drivers, Trends, Challenges

Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage. 

Key Ethylene Glycol Market Driver

Growing demand for polyester fiber and films is driving the market growth. Polyester fibers, which are used to produce apparel, furniture, carpets, blankets, and home furnishing products, are manufactured using ethylene glycol and pure terephthalic acid (PTA). The global home textile retail market is expected to grow at a CAGR of approximately 6.03% by 2026, driven by favorable demographics, such as a large consumer base and an expanding middle class with increasing income, particularly in the Asia-Pacific region due to rapid urbanization.

Moreover, the demand for polyester fibers for various industrial applications, including safety belts, conveyor belts, tires, and coated fabrics, is expected to drive the global market for ethylene glycol. The use of polyester fibers as a cushioning material in upholstery padding, comforters, and pillows in the furniture industry is also expected to fuel the growth of the global ethylene glycol market during the forecast period.

Major Ethylene Glycol Market Challenge

Volatility in raw material prices is a major challenge in the market. Ethylene oxide is the main raw material used in the production of ethylene glycol. Ethylene is the major raw material used for the production of ethylene oxide. The oil and gas industry is one of the major suppliers of ethylene for the production of ethylene glycol. The fluctuations in crude oil prices will affect the prices of petroleum fraction products, which will subsequently have an impact on the overall cost of ethylene glycol production. For instance, in 2020, the average price of ethylene worldwide accounted for around USD 697 per metric ton. Further, as of July 2021, the average price for that year rose to USD 1,014 per metric ton, an increase of more than 45% when compared to the previous year. According to the US Energy Information Administration (EIA), global oil demand fell drastically owing to the outbreak of COVID-19 in 2020.  Therefore, the heavy dependency of the global ethylene glycol market on crude oil is expected to hinder market growth during the forecast period.

Significant Ethylene Glycol Market Trends

An increase in the production of natural gas in the US is a trend influencing market growth. The production of natural gas in the US has been boosted by horizontal drilling and hydraulic fracturing techniques. As a result, there is a growing need for proper transportation of natural gas, which is expected to drive the demand for ethylene glycol during the forecast period.

The rise in natural gas production in the US in 2019 was attributed to the growth of natural gas production in the Permian Basin, Appalachian Basin, and Haynesville shale formations. The natural gas industry has benefited from improved drilling technologies, increased takeaway capacity, and high natural gas prices. During the period of 2018-2019, 16 new natural gas projects were launched in the US, such as Vicksburg, Tonga Phase II, and Tomcat in the Gulf of Mexico. Ongoing exploration activities and the production of offshore and onshore natural gas are also expected to drive the demand for ethylene glycol in the forecast period.

Ethylene Glycol Market Segmentation by Type, Application, Geography

Type Analysis

The market share growth of the MEG segment will be significant during the forecast period. Monoethylene glycol (MEG) is mainly used in the production of polyester fibers for garments and textiles. It is also used in the production of PET plastics for packaging applications. Due to the rising demand for polyester fibers, particularly in the textile and apparel industries, MEG demand has increased recently.

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The MEG segment was valued at 15,218.12 thousand t in 2017 and continued to grow until 2021.  MEG is considered to be one of the primary derivatives of ethylene. It is produced using ethylene as a primary raw material. It is widely used as a raw material in creating polyester fibers, resins, and antifreeze solutions, which significantly increases demand for the substance. MEG is used as an antifreeze agent for automotive and other industrial applications owing to its excellent stability and performance.

Application Analysis 

Polyester fiber and films held the largest share of the global ethylene glycol market in 2022. The growing demand for polyester fiber from textile and industrial applications is expected to drive the demand for ethylene glycol. Polyester fibers are mainly used in the production of synthetic fibers. Polyester fiber accounted for more than 40% of the global synthetic fiber market in 2020. The high concentration of the polyester fiber market in APAC is expected to drive market growth. China and India hold substantial market share in global polyester fiber production. Polyester fibers are used in the production of apparel, bedsheet, and upholstered furniture. The growing use of polyester fibers in the production of conveyors and safety belts in industrial applications is also expected to augment market growth.

Regional Analysis

APAC is estimated to contribute 64% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The increase in demand for ethylene glycol from various end-user industries, such as textiles, packaging, automobile, and coating industries, is driving market growth in APAC. The growth of these industries in countries such as China, Japan, South Korea, India, and Indonesia is fostering market growth. There is a growing demand for PET resins in packaging applications, mainly for beverages is expected to drive the demand for ethylene glycol. The presence of a large consumer base in China and India is increasing the demand for food and beverages and consumer goods in APAC. The organized retailing and rapidly expanding e-commerce in APAC are expected to drive the packaging industry.

The ethylene glycol market in the region witnessed certain challenges due to COVID-19 in 2020 and early 2021. However, the large-scale COVID-19 vaccination drives reduced the number of COVID-19 cases in 2021. This, in turn, supported the complete resumption of operations in the manufacturing sites of ethylene glycol vendors and end-user industries such as automotive, textile, and others. Further, the regional market in focus is expected to register a growth of 3.35% in 2023 and 3.73% in 2024. This implies the increase in the demand for ethylene glycol in the APAC region resulting in the growth of the overall market in focus during the forecast period.

Who are the Major Ethylene Glycol Market Vendors?

Vendors are implementing various strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.

Saudi Arabian Oil Co. -  The company offers Ethylene Glycol such as SABIC Diethylene Glycol, SABIC Monoethylene Glycol, and SABIC Triethylene Glycol under its subsidiary called Saudi Basic Industries Corp. Under this segment, the company offers the production of energy and chemical products.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including: 

  • Akzo Nobel NV
  • BASF SE
  • CHINA MAN MADE FIBER Corp.
  • Dow Inc.
  • Eastman Chemical Co.
  • Huntsman Corp.
  • India Glycols Ltd.
  • Indian Oil Corp. Ltd.
  • Indorama Ventures Public Co. Ltd.
  • INEOS Group Holdings SA
  • Lotte Corp.
  • LyondellBasell Industries NV
  • Mitsubishi Chemical Corp.
  • Mitsui Chemicals Inc.
  • PJSC SIBUR Holding

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Key Ethylene Glycol Market Customer Landscape

The report includes the adoption lifecycle of the market, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on market penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies. 

Global Ethylene Glycol Market Customer Landscape

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Type Outlook (Thousand t, 2017 - 2027)
    • MEG
    • DEG
    • TEG
  • Application Outlook (Thousand t, 2017 - 2027)
    • Polyester fiber and films
    • PET
    • Antifreeze and coolant
    • Others
  • Region Outlook (Thousand t, 2017 - 2027)
    • APAC
      • China
      • India
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Brazil
      • Argentina

Ethylene Glycol Market Scope

Report Coverage

Details

Page number

181

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.83%

Market growth 2023-2027

USD 9,171.73 th t

Market structure

Fragmented

YoY growth 2022-2023(%)

3.83

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 64%

Key countries

US, China, India, South Korea, and Taiwan

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Akzo Nobel NV, BASF SE, CHINA MAN MADE FIBER Corp., Dow Inc., Eastman Chemical Co., Huntsman Corp., India Glycols Ltd., Indian Oil Corp. Ltd., Indorama Ventures Public Co. Ltd., INEOS Group Holdings SA, Lotte Corp., LyondellBasell Industries NV, Mitsubishi Chemical Corp., Mitsui Chemicals Inc., PJSC SIBUR Holding, PTT Public Co. Ltd., Reliance Industries Ltd., Saudi Arabian Oil Co., Shell plc, and Sinopec Shanghai Petrochemical Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Ethylene Glycol Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market  between 2023 and 2027
  • Precise estimation of the size of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across APAC, North America, Europe, Middle East and Africa, and South America
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of ethylene glycol market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 16: Chart on Global Market- Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market- Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global ethylene glycol market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global ethylene glycol market 2017 - 2021 (thousand t)
    • 4.2 Type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 (thousand t)
    • 4.3 Application Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 (thousand t)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 (thousand t)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 (thousand t)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Type
      • Exhibit 32: Chart on Comparison by Type
      • Exhibit 33: Data Table on Comparison by Type
    • 6.3 MEG - Market size and forecast 2022-2027
      • Exhibit 34: Chart on MEG - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 35: Data Table on MEG - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 36: Chart on MEG - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on MEG - Year-over-year growth 2022-2027 (%)
    • 6.4 DEG - Market size and forecast 2022-2027
      • Exhibit 38: Chart on DEG - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 39: Data Table on DEG - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 40: Chart on DEG - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on DEG - Year-over-year growth 2022-2027 (%)
    • 6.5 TEG - Market size and forecast 2022-2027
      • Exhibit 42: Chart on TEG - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 43: Data Table on TEG - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 44: Chart on TEG - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on TEG - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Type
      • Exhibit 46: Market opportunity by Type (thousand t)

    7 Market Segmentation by Application

    • 7.1 Market segments
      • Exhibit 47: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 48: Data Table on Application - Market share 2022-2027 (%)
    • 7.2 Comparison by Application
      • Exhibit 49: Chart on Comparison by Application
      • Exhibit 50: Data Table on Comparison by Application
    • 7.3 Polyester fiber and films - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Polyester fiber and films - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 52: Data Table on Polyester fiber and films - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 53: Chart on Polyester fiber and films - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Polyester fiber and films - Year-over-year growth 2022-2027 (%)
    • 7.4 PET - Market size and forecast 2022-2027
      • Exhibit 55: Chart on PET - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 56: Data Table on PET - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 57: Chart on PET - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on PET - Year-over-year growth 2022-2027 (%)
    • 7.5 Antifreeze and coolant - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Antifreeze and coolant - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 60: Data Table on Antifreeze and coolant - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 61: Chart on Antifreeze and coolant - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Antifreeze and coolant - Year-over-year growth 2022-2027 (%)
    • 7.6 Others - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Others - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 64: Data Table on Others - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 65: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 7.7 Market opportunity by Application
      • Exhibit 67: Market opportunity by Application (thousand t)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 69: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 71: Chart on Geographic comparison
      • Exhibit 72: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 77: Chart on North America - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 89: Chart on South America - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 93: Chart on China - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 94: Data Table on China - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 India - Market size and forecast 2022-2027
      • Exhibit 97: Chart on India - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 98: Data Table on India - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 99: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.10 US - Market size and forecast 2022-2027
      • Exhibit 101: Chart on US - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 102: Data Table on US - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 103: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.11 South Korea - Market size and forecast 2022-2027
      • Exhibit 105: Chart on South Korea - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 106: Data Table on South Korea - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 107: Chart on South Korea - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on South Korea - Year-over-year growth 2022-2027 (%)
    • 9.12 Taiwan - Market size and forecast 2022-2027
      • Exhibit 109: Chart on Taiwan - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 110: Data Table on Taiwan - Market size and forecast 2022-2027 (thousand t)
      • Exhibit 111: Chart on Taiwan - Year-over-year growth 2022-2027 (%)
      • Exhibit 112: Data Table on Taiwan - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 113: Market opportunity by geography (thousand t)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 114: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 116: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 117: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 118: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 119: Matrix on vendor position and classification
            • 12.3 Akzo Nobel NV
              • Exhibit 120: Akzo Nobel NV - Overview
              • Exhibit 121: Akzo Nobel NV - Business segments
              • Exhibit 122: Akzo Nobel NV - Key news
              • Exhibit 123: Akzo Nobel NV - Key offerings
              • Exhibit 124: Akzo Nobel NV - Segment focus
            • 12.4 BASF SE
              • Exhibit 125: BASF SE - Overview
              • Exhibit 126: BASF SE - Business segments
              • Exhibit 127: BASF SE - Key news
              • Exhibit 128: BASF SE - Key offerings
              • Exhibit 129: BASF SE - Segment focus
            • 12.5 Dow Inc.
              • Exhibit 130: Dow Inc. - Overview
              • Exhibit 131: Dow Inc. - Business segments
              • Exhibit 132: Dow Inc. - Key news
              • Exhibit 133: Dow Inc. - Key offerings
              • Exhibit 134: Dow Inc. - Segment focus
            • 12.6 Indian Oil Corp. Ltd.
              • Exhibit 135: Indian Oil Corp. Ltd. - Overview
              • Exhibit 136: Indian Oil Corp. Ltd. - Business segments
              • Exhibit 137: Indian Oil Corp. Ltd. - Key offerings
              • Exhibit 138: Indian Oil Corp. Ltd. - Segment focus
            • 12.7 INEOS Group Holdings SA
              • Exhibit 139: INEOS Group Holdings SA - Overview
              • Exhibit 140: INEOS Group Holdings SA - Business segments
              • Exhibit 141: INEOS Group Holdings SA - Key news
              • Exhibit 142: INEOS Group Holdings SA - Key offerings
              • Exhibit 143: INEOS Group Holdings SA - Segment focus
            • 12.8 Lotte Corp.
              • Exhibit 144: Lotte Corp. - Overview
              • Exhibit 145: Lotte Corp. - Business segments
              • Exhibit 146: Lotte Corp. - Key offerings
              • Exhibit 147: Lotte Corp. - Segment focus
            • 12.9 LyondellBasell Industries NV
              • Exhibit 148: LyondellBasell Industries NV - Overview
              • Exhibit 149: LyondellBasell Industries NV - Business segments
              • Exhibit 150: LyondellBasell Industries NV - Key offerings
              • Exhibit 151: LyondellBasell Industries NV - Segment focus
            • 12.10 Mitsubishi Chemical Corp.
              • Exhibit 152: Mitsubishi Chemical Corp. - Overview
              • Exhibit 153: Mitsubishi Chemical Corp. - Business segments
              • Exhibit 154: Mitsubishi Chemical Corp. - Key news
              • Exhibit 155: Mitsubishi Chemical Corp. - Key offerings
              • Exhibit 156: Mitsubishi Chemical Corp. - Segment focus
            • 12.11 Mitsui Chemicals Inc.
              • Exhibit 157: Mitsui Chemicals Inc. - Overview
              • Exhibit 158: Mitsui Chemicals Inc. - Business segments
              • Exhibit 159: Mitsui Chemicals Inc. - Key offerings
              • Exhibit 160: Mitsui Chemicals Inc. - Segment focus
            • 12.12 PJSC SIBUR Holding
              • Exhibit 161: PJSC SIBUR Holding - Overview
              • Exhibit 162: PJSC SIBUR Holding - Product / Service
              • Exhibit 163: PJSC SIBUR Holding - Key offerings
            • 12.13 PTT Public Co. Ltd.
              • Exhibit 164: PTT Public Co. Ltd. - Overview
              • Exhibit 165: PTT Public Co. Ltd. - Business segments
              • Exhibit 166: PTT Public Co. Ltd. - Key offerings
              • Exhibit 167: PTT Public Co. Ltd. - Segment focus
            • 12.14 Reliance Industries Ltd.
              • Exhibit 168: Reliance Industries Ltd. - Overview
              • Exhibit 169: Reliance Industries Ltd. - Business segments
              • Exhibit 170: Reliance Industries Ltd. - Key news
              • Exhibit 171: Reliance Industries Ltd. - Key offerings
              • Exhibit 172: Reliance Industries Ltd. - Segment focus
            • 12.15 Saudi Arabian Oil Co.
              • Exhibit 173: Saudi Arabian Oil Co. - Overview
              • Exhibit 174: Saudi Arabian Oil Co. - Product / Service
              • Exhibit 175: Saudi Arabian Oil Co. - Key offerings
            • 12.16 Shell plc
              • Exhibit 176: Shell plc - Overview
              • Exhibit 177: Shell plc - Business segments
              • Exhibit 178: Shell plc - Key news
              • Exhibit 179: Shell plc - Key offerings
              • Exhibit 180: Shell plc - Segment focus
            • 12.17 Sinopec Shanghai Petrochemical Co. Ltd.
              • Exhibit 181: Sinopec Shanghai Petrochemical Co. Ltd. - Overview
              • Exhibit 182: Sinopec Shanghai Petrochemical Co. Ltd. - Business segments
              • Exhibit 183: Sinopec Shanghai Petrochemical Co. Ltd. - Key news
              • Exhibit 184: Sinopec Shanghai Petrochemical Co. Ltd. - Key offerings
              • Exhibit 185: Sinopec Shanghai Petrochemical Co. Ltd. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 186: Inclusions checklist
                • Exhibit 187: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 188: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 189: Research methodology
                • Exhibit 190: Validation techniques employed for market sizing
                • Exhibit 191: Information sources
              • 13.5 List of abbreviations
                • Exhibit 192: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              • What are the factors influencing the growth of the parent market?

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