Triethylene glycol (TEG) is a colorless and viscous liquid with molecular formula C6H14O4. It is known for its hygroscopic quality and its ability to dehumidify fluids. TEG is used in construction materials, cleaning products, fabric, textile and leather products, paints and coatings, personal care products, and plastic products. TEG should be handled in accordance with industrial hygiene and safety practice.
ArChem provides TEG and other raw chemical materials such as Ammonium nitrate, Soda ash, and LABSA for various industrial applications. Additionally, ArChem provides customers with other chemical products including Nitrocellulose, Nitrocellulose solution, organic solvents, etc. for further information please contact our technical sales team in ArChem.
Triethylene glycol (TEG) market
The global Triethylene glycol market was valued at USD 806 million in 2022 and is expected to grow at a CAGR of 3.6% from 2023 to 2032. Triеthylеnе glycol function in the oil & gas industry sector makes it an essential commodity.
The global Triethylene glycol (TEG) market is segmented by type (Industrial grade, Purity 98.2%, Purity 98.5%, Purity 99.6%, and others), by application (natural gas dehydration, solvents, plasticizers, polyurethanes, polyester resins, and others), by end-user industry (automotive, agrochemicals, food and beverage, textile, personal care, pharmaceuticals, detergents, others), and by region (Asia-Pacific, North America, Europe, South America, the Middle East, and Africa).
Triethylene glycol (TEG) market growth drivers
The Triethylene glycol market is influenced by several key factors that contribute to its growth in the market.
Increasing demand from different industries
TEG is used to produce several products for commercial and industrial use, including polyurethane foams, emulsifiers, solvents, adhesives & coatings, lubricants and thermoplastics. Rising demand for plastic products has generated the demand for the plasticizers which is expected to boost the growth of the triethylene glycol (TEG) market.
High usage of TEG as a solvent
TEG is an excellent solvent and used in variety of applications such as printing inks, cleaning compounds and aromatic hydrocarbon separations. Thus, the high usage of triethylene glycol (TEG) as a solvent in several purposes is expected to drive the growth rate of the Triethylene glycol market.
Increasing demand of TEG as reactant
TEG is used as a reactant in the manufacture of polyester resins which are used in construction materials, textiles, and electrical appliances. The rising demand of TEG as reactant is anticipated to boost the growth rate of the market.
Triethylene glycol (TEG) price trend
Understanding the price trend of Triethylene glycol is crucial for businesses involved in its production, distribution, and utilization. The price trend of TEG is influenced by some factors, including raw chemical material costs, supply and demand dynamics, and market conditions.
- Raw chemical material costs: TEG production relies on ethylene oxide, which is derived from ethylene, a petroleum-based product. Fluctuations in crude oil prices directly impact ethylene costs and, consequently, TEG price.
- Supply and demand dynamics: The balance between supply and demand plays a crucial role in determining TEG price. An increase in demand from key industries such as construction and natural gas processing can drive prices up. Conversely, an oversupply or reduced demand can lead to price decreases.
- Production capacity: The production capacity of TEG manufacturing affect market supply. Capacity expansions, plant maintenance, and unexpected shutdowns can impact the TEG price.
- Regulatory policies: Environmental regulations and safety standards related to chemical manufacturing can affect production costs and market prices. Compliance with regulations may lead to increased operational expenses, which in turn, can lead to price increases.
Overall, a combination of these factors, along with market dynamics and industry considerations, influences the pricing of Triethylene glycol in the market. Our experts in ArChem monitor and analyze various aspects of the global TEG market. They analyze various segments and provide an analysis of the market performance in the long term. This would be useful for our customers to plan their future investments, understand the cost dynamics, and gain awareness about the behaviour of competitors across the globe.
FAQ
What is the price of Triethylene glycol in the market?
ArChem raw chemical materials can be purchased in a variety of volumes. Depending on your orders, prices are different. For more information about Triethylene glycol price, please contact our technical sales team in ArChem.
What is the Triethylene glycol (TEG) Market size?
The global Triethylene glycol market was valued at USD 806 million in 2022 and is expected to grow at a CAGR of 3.6% from 2023 to 2032.
What is Triethylene glycol (TEG)?
Triethylene glycol is a hygroscopic liquid with the chemical formula C6H14O4. TEG is known for its excellent moisture-absorbing properties and low volatility. It is a valuable ingredient in a wide range of applications, from industrial processes to consumer products.
What is the CAS number of TEG?
The CAS number of TEG is 112-27-6.
What is the HS code for TEG?
29094900