Importance in the Chemical Sector:
1. Key Ingredient for Polyester: MEG is essential in producing polyethylene terephthalate (PET), widely used in textiles, packaging, and containers. The growth of the PET market is driven by increasing demand in these sectors.
2. Antifreeze Agent: MEG is a crucial component in antifreeze products for vehicles and industrial systems due to its low freezing point. These products prevent freezing while offering corrosion protection.
3. Solvent Utility: As an effective solvent, MEG enhances the solubility of various chemicals, making it valuable in formulations like paint thinners, adhesives, and coatings.
4. Dehydration Functionality: MEG is a dehydrating agent that effectively removes moisture from gases or liquids in industries such as natural gas processing.
5. Applications in Pharmaceuticals & Personal Care: Its non-toxic characteristics make MEG suitable for use as an excipient in pharmaceuticals and as an ingredient in personal care products like creams and lotions.