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The diethylene glycol industry is driven by the rising demand for the derivatives of the main product, ethylene glycol. The market is further strengthened by the use of the product in the manufacturing of unsaturated polyester resins, plasticisers, and polyurethanes. The product is used as a solvent for nitrocellulose, resins, dyes, oils, and a few other organic compounds. The product is variously used as humectants for cork, tobacco, printing ink, and glue. The diethylene glycol is used as a raw material in the production of lubricants, wallpaper strippers, brake fluid, artificial fog solutions, and heating or cooking fuel. The product is further used as a coolant when diluted.
Reliance Industries Limited and Dow Chemical Company (NYSE: CTA-B) are some of the leading players in the market. In July 2017, Reliance Industries Limited, an Indian energy and petrochemical giant, announced that it will commission a new plant for the production of diethylene glycol (DEG) and monoethylene glycol (MEG) in Jamnagar, Gujarat, India. Similar expansions by various key players in the industry are expected to aid the market growth of diethylene glycol over the forecast period.
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LyondellBasell Industries Holdings B.V., Dow Chemical Company, Shell International B.V., Huntsman International LLC, Nippon Shokubai Co., Ltd., Reliance Industries Limited, and SABIC, among others are the key players in the global diethylene glycol market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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