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 prope...