, /PRNewswire/ -- The size is estimated to grow by from 2022 to 2027, according to Technavio. The market is estimated to grow at a during the forecast period. The market is driven by the increase in demand for PET bottles. Factors such as resistance to microorganisms, better hygiene, and inertness of PET bottles containing beverage contents will also boost market growth. Continuous product development and technological improvements in the global plastic bottle market help create value propositions for buyers.

For example, PET bottle suppliers offer ultraviolet (UV) blocking additives to protect ultraviolet (UV) sensitive beverages. Such factors will support the growth of the market during the forecast period. Technavio has segmented the market based on type (MEG, DEG, and TEG), and application (Polyester fiber and films, PET, Antifreeze and coolant, and Others). By geography, the global ethylene glycol market is segmented into APAC, , , and , and . The report provides actionable insights and estimates the contribution of all regions to the growth of the global ethylene glycol market.

– The global ethylene glycol market is characterized by the presence of various vendors such as Akzo Nobel NV, BASF SE, MAN MADE FIBER Corp., Dow Inc., Eastman Chemical Co., Huntsman Corp., India Glycols Ltd.

, Indian Oil Corp. Ltd., Indorama Ventures Public Co. Ltd., INEOS Group Holdings SA, Lotte Corp.

, LyondellBasell Industries NV, Mitsubishi Chemical Corp., Mitsui Chemicals Inc., PJSC SIBUR Holding, PTT Public Co. Ltd., Reliance Industries Ltd.

, Saudi Arabian Oil Co., Shell plc, and Sinopec Shanghai Petrochemical Co. Ltd., and among others. – Technavio is a leading global technology research and advisory company.

Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Technavio Research Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: Website: SOURCE Technavio