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Diethylene Glycol (DEG) Market Analysis - Predicted To Expand In The Coming Years

Diethylene glycol (DEG) is an organic compound. It has certain properties. These are odorless, colorless, hygroscopic, sweet taste and poisonous. Also, DEG is miscible in alcohol, water, acetone, ether and ethylene glycol. For Market Research Report on “Diethylene Glycol (DEG) Market” Visit - The diethylene glycol (DEG) market is predicted to expand in the coming years. This is as a result of increasing construction sectors in developing economies, including India, China and Brazil. Rising demand for paints and coatings in automotives sector is also projected to boost the demand for the diethylene glycol (DEG) market. However, DEG’s toxicity and volatility in the prices of feedstock, such as propylene and ethylene are expected to restrain the diethylene glycol (DEG) market. The application of paints and coatings is predicted to show rapid growth. This is as a result of the growing usage of ethylene glycol in water based coatings as a replacement to high VOC ejecting solvent-coatings. Also, bulk chemicals are experiencing growth in the diethylene glycol (DEG) market. Globally, Asia Pacific is expected to witness rapid growth. This is on account of industrialization and governmental spendings on infrastructural enhancements in the developing economies of China and India. The various applications of the diethylene glycol (DEG) market include plasticizers for paper, humectants, solvents in textile dyeing and printing and raw materials in the production of polyester resins & plasticizers. Textile lubricants & coupling agents, dehydrating agents in natural gas, constituents of hydraulic fluids, solvents in printing inks, selective solvents for aromatics are the other application segments of the diethylene glycol (DEG) market. Growing demand for diethylene glycol from all the application sectors mentioned above is projected to steer the diethylene glycol (DEG) market ahead. Diethylene Glycol (DEG) Market Analysis Information Source: Radiant Insights