Ethylene Glycol Market: By Product Type, Diethylene Glycol, Triethylene Glycol ), By End User, and Region Forecast 2019-2030

Ethylene Glycol Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Monoethylene Glycol (MEG), Diethylene Glycol (DEG), Triethylene Glycol (TEG)), By End User (Fiber, PET, Film, Antifreeze & Coolant, Others), and Region Forecast 2019-2030

Ethylene Glycol Market size was valued at US$ 17,248.4 million in 2023 and is expected to grow at a CAGR of 5.6% from 2024 to 2030.  Ethylene glycol denotes a slightly viscous and transparent chemical compound that is usually used as an industrial antifreeze and coolant. It is also utilized as a raw material for the manufacture of polyester fibers, polyethylene terephthalate resin, and fiberglass, which are further used in the production of upholstery, bowling balls, bathtubs, and packaging materials. Some of the usual types of ethylene glycol contain tri ethylene glycol (TEG), diethylene glycol (DEG), and mono ethylene glycol (MEG), which are extensively used as heat transfer fluids in heating and compressors, air conditioning, and ventilating (HVAC) systems. It also finds wide applications in numerous consumer products, such as automotive antifreeze, solvents, hydraulic brake fluids, paints, plastics, cosmetics, and films. The global market provides a detailed overview of the market size, and that can be segmented by product type and by the end user.

 By product type, the Ethylene Glycol Industry market growth has been segmented into Monoethylene Glycol (MEG), Diethylene Glycol (DEG), and Triethylene Glycol (TEG). The Triethylene Glycol (TEG) segment is likely to be the significant growing segment in terms of product type. Based on End-users, the Ethylene Glycol Industry market is segmented into Fiber, PET, Film, Antifreeze & Coolant, and Others. Among these, the Antifreeze Coolant end-user segment is expected to have the fastest-growing market during the forecast period. Growing demand for anti-freeze in nations located in temperate and sub-temperate regions is a significant factor enhancing the ethylene glycol industry market growth. Ethylene glycol, a key element in antifreeze compounds, is derived from ethylene oxide. Hydraulic brake fluid is additional substance, which is manufactured using ethylene glycol, and therefore donates to the growing demand for ethylene oxide in the automobile industry. By region, the Asia Pacific market is expected to witness the highest market share during the forecast period.

Ethylene Glycol Market Key Development

  • In July 2021, Dow expanded its production capacity of propylene glycol (PG) by 80,000 tons per year in Map Ta Phut, Thailand.
  • In November 2021, SABIC announced that a new Ethylene Glycol Plant was set up in Jubail United Petrochemical Company (United).

Global Ethylene Glycol Market Summary

Study Period

2025-2031

Base Year

2024

CAGR

3.6%

Largest Market

Asia-Pacific

Fastest Growing Market

North-America

Ethylene Glycol Market Dynamics

The accessibility of low transportation costs and raw materials is anticipated to propel the market growth over the forecast years. Moreover, the growing acceptance for bio-based ethylene glycol is burgeoning the market growth over the forecast years.

Global Ethylene Glycol Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2025-2031

Market Size in 2023

US$ 17,248.4 million

Market CAGR

3.6%

By Product Type

  • Monoethylene Glycol (MEG)
  • Diethylene Glycol (DEG)
  • Triethylene Glycol (TEG)

By End User

  • Fiber
  • PET
  • Film
  • Antifreeze & Coolant
  • Others

By Region

  • North America (U.S., Canada)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
  • Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
  • Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

Key Features of the Report

  • The ethylene glycol market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porters Five Force Analysis

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Frequently Asked Questions

The ethylene glycol market was valued at US$ 17,248.4 million in 2023 and is projected to grow at a CAGR of 3.6% from 2024 to 2030.

The market key players are: SABIC MEGlobal, Shell Formosa Plastics Dowdupont Reliance Industries Sinopec BASF PTTGC Sibur Lotte Chemical Eastman Exxonmobil

The market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

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Author

Prem Kumar

Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....

Key Market Players

  • SABIC
  • MEGlobal, Shell
  • Formosa Plastics
  • Dowdupont
  • Reliance Industries
  • Sinopec
  • BASF
  • PTTGC
  • Sibur
  • Lotte Chemical
  • Eastman
  • Exxonmobil

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