Ethylene Glycol - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost And Revenue, Plant Layout
|Ethylene Glycol is a cemical compound containing two Hydroxyl groups. Its molecular formula is HOCH2CH2OH. The reactivity and solubility of ethylene glycol provide the basis for many applications. The widespread use of ethylene glycol as an antifreeze is based on its ability to lower the freezing point when mixed with water. The physical properties of ethylene glycol-water mixtures are therefore extremely important. The hydroxyl groups on glycols undergo the usual alcohol chemistry, giving a wide variety of possible derivatives. Hydroxyls can be converted to aldehydes, alkyl halides, amines, azides, carboxylic acids, ethers, mercaptans, nitrate esters, nitriles, nitrite esters, organic esters, peroxides, phosphate esters and sulfate esters. This chemistry permits ethylene glycol to act as an intermediate in a wide range of reactions. Especially significant is resin formation, including the condensation with dimethyl terephthalate or terephthalic acid resulting in a polyester resin. Uses of Ethylene Glycol Ethylene glycol is a chemical commonly used in many commercial and industrial applications including antifreeze and coolant. Ethylene glycol helps keep your car’s engine from freezing in the winter and acts as a coolant to reduce overheating in the summer. Other important uses of ethylene glycol include heat transfer fluids used as industrial coolants for gas compressors, heating, ventilating, and air-conditioning systems and ice skating rinks. Ethylene glycol also is used as a raw material in the production of a wide range of products including polyester fibers for clothes, upholstery, carpet and pillows; fiberglass used in products such as jet skis, bathtubs, and bowling balls; and polyethylene terephthalate resin used in packaging film and bottles. Many of these products are energy saving and cost efficient as well as recyclable. Market Survey Ethylene glycols (EG) play a significant role in industry due to their function as versatile intermediates in a wide range of applications — from polyester textiles, consumer packaging and beverage bottles to aircraft deicing fluids. The rapidly growing economy combined with a huge population base is expected to lead to increased demand for PET in the Asia Pacific region in the near future. This increased PET demand is set to drive the growth of the EG market in the region. The demand however is forecast to move higher propelled primarily by Ethylene glycol market giants as China and India. The total annual growth rate of around 6-7% is set to be indicated Asia Pacific is also the biggest market for ethylene glycol. Overall, Asia Pacific, owing to huge domestic demands, is the largest market for both ethylene oxide and ethylene glycol and is expected to be the fastest growing market in the next five years, growing at a CAGR of 4.9%|
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|Return: 1.00%||Break even: N/A|
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