Glycol-based Fluids Market Size, Share, Key Benefits & Revenues by 2022

Global Glycol-based Fluids Market is segmented geographically into North America, Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa. Glycol is a water-miscible coolant that is frequently used in heat transfer and cooling applications. It provides better heat transfer parameters than water, and can be mixed with water to provide a variety of heat transfer characteristics.

Glycol comes in two varieties: ethylene glycol and propylene glycol. Though both materials are bad for living things, propylene glycol is most often used near food and ethylene glycol is most often used in industrial applications. Glycol-based Fluids Market is segmented by types into Ethylene Glycol Fluids [Ethylene Glycol (EG), Diethylene Glycol (DEG), Triethylene Glycol (TEG), Tetraethylene Glycol (TTEG)], Water Glycol-Based Fluids.

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Ethylene Glycol Fluids are widely used in industry because of their, high boiling point, non-corrosiveness, freeze point depression, lubricating, hygroscopicity, solvent properties, and plasticizing. Their ease of reaction due to their alcohol groups makes them popular chemical intermediates in the formation of many products.

Ethylene Glycol is by far the largest volume glycol product. It is produced by hydration of ethylene oxide. It is used in a variety of products such as, polyester fibers, plastics, coolants and antifreezes, and resins. EG has excellent humectant (hygroscopicity) making it well suited for treating paper, adhesives, printing inks, tobacco, textile fibers, paper, leather and cellophane.

Diethylene Glycol is an important chemical intermediate in the manufacturing of resins, polyurethane, and plasticizers. It is also used as a humectant and is used in the same fields as EG. It serves as a natural gas dehydration agent. Triethylene Glycol is mainly used for its hygroscopic properties. TEG is commonly used as a liquid desiccant for the dehydration of natural gas, air conditioner dehumidifiers, and for the tobacco industry.

TEG also finds uses in vinyl plasticizers, as an intermediary in the manufacturing of polyester resins and polyols, and as a solvent in various applications. Tetraethylene Glycol has similar properties to the lower ethylene glycols, but has a higher boiling point and lower volatility. It is primarily used, as the main solvent constituent is aromatic solvent extraction.

Water Glycol-based Fluids consist of a solution of water, ethylene or diethylene glycol, a high molecular weight polyglycol and an additive package. The fluids typical operating temperatures should be kept below 150oF. These are complex solutions. Glycol-based Fluids Market is segmented by application into Chemical Processing, Pharmaceuticals, Transportation, Asphalt Production, Plastics & Rubber Processing, Electronics, and Metal Processing. Glycol-based Fluids Market key players are Dow Chemical, ExxonMobil, Eastman, Shell, British Petroleum and BASF.

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