Alkylene Glycol Market is gaining significant traction due to India Glycols Limited forming a joint venture with Clariant International for renewable ethylene oxide (EO) derivatives

Alkylene Glycol Market is gaining significant traction due to India Glycols Limited forming a joint venture with Clariant International for renewable ethylene oxide (EO) derivatives

Ethylene Glycol is commonly referred to as alkylene glycol in colloquial and medical usage. It is commonly used in food processing and industrial processes, food service, cosmetics, dental care, and petrochemical applications. The demand for polyester fibers and PET resin has increased significantly over the years. Polyester fibers and PET resin is widely used in a diverse range of products including clothing, ropes, blankets, upholstery, conveyor belt, and more. With growing demand for these products globally, the adoption of alkylene glycol is likely to surge in the near future. Thus, such factors can augment growth of the alkylene glycol market in the near future. Recently, in July 2021, India Glycols Limited formed a joint venture with Clariant International for renewable ethylene oxide (EO) derivatives.

Ethylene glycols have a number of physical properties that make them suitable as thickeners. They are insoluble in fatty acids, fatty oils, and other non-fat materials. This property makes them a good substitution for glycerol. They also improve the shelf-life of vegetable oils, which include soybean, cottonseed, sesame, peanut, and rice germ oils. Another key factor that could aid growth of the market in discussion is the rapid expansion of the textile sector in both and developed sectors. As per the India Brand Equity Foundation (IBEF), agriculture export in India is expected to be valued at US$ 60 billion by 2022. This is owing to high proportion of agricultural land and a variety of agro-climatic conditions that are encouraging the cultivation of different crops. Thus, such factors can bolster growth of the alkylene glycol market.

However, there are certain aspects of this market that keep limiting the potential growth. For instance, frequent price fluctuation of raw materials such as ethylene oxide, ethylene, and more could impede growth of the alkylene glycol market in the near future. Besides, a dearth of universal directives related to ethylene glycol could restrict market growth.

Used in the production of synthetic polyester fibers, ethylene glycols reduce the degree of friction between the fiber threads and increases the strength of threads. Its ability to form adhesives on fabric parts such as thread faces, collar, bib, liner, and batting make it an indispensable ingredient in the manufacturing of textile and construction materials. When it comes to geographical impact, Asia Pacific seems to be gaining significant traction in the alkylene glycol market. This is due to the rapid growth of the automotive and textile industry across emerging economies such as India and China. Furthermore, North America is exhibiting a positive outlook due to the presence of major automotive companies in Canada and the U.S.

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