Ethylene Glycol Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Ethylene Glycol Market: By Product Type (Monoethylene Glycol (MEG), Diethylene Glycol (DEG), Triethylene Glycol (TEG)), By End User (Fiber, PET, Film, Antifreeze & Coolant, Others), and Geography

 

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Report

Description

Ethylene Glycol Market size is valued at USD 17,248.4 million in 2021 and is expected to grow at a CAGR of 5.6% during the forecast period 2022 to 2028.  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 ethylene glycol 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 2022-2028. 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.

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).

Ethylene Glycol Market

MARKET SUMMARY
-
3.6% CAGR
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR–3.6%
  • Largest Market– Asia Pacific
  • Fastest Growing Market– North America

Ethylene Glycol Market

  • The report on global ethylene glycol market gives historical, current, and future market sizes (US$ Mn) on the basis of product type, end user and geography.
  • The ethylene glycol market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa
Key Players
  • SABIC
  • MEGlobal, Shell
  • Formosa Plastics
  • Dowdupont
  • Reliance Industries
Ethylene Glycol Market Drivers

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.


Asia-Pacific Got Significant Share

Ethylene Glycol Market

Asia Pacific is projected to account for largest share in the market during the forecast period. Developing textile industry creates a demand for polyester fibers and increasing consumer spending is further up surging the regional market growth. Moreover, due increases tour and travelling industry in the region there is growing demand for products like packaged beverage is augmenting the ethylene glycol market during the forecast period. The market in North America region is prophesied to grow at a substantial CAGR by the completion of the forecast period. Product penetration play vital role in the regional market growth.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The ethylene glycol market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • 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 startup’s details that are actively working in the market
  • The report provides 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 Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market.
Ethylene Glycol Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

Accessibility of low transportation costs and raw materials, growing acceptance for bio-based ethylene glycol, and rising demand for eco-friendly ethylene glycol

Absence of universal orders relating to ethylene glycol applications and severe rules and regulations

Development of automotive and textile industries in the region.

In January 2022, SABIC and ExxonMobil launched Gulf Coast Growth Ventures in San Patricio County to set up a mono-ethylene glycol unit among others


Report

Table Of Content

  1. Executive Summary
  2. Global Ethylene Glycol Industry Market Introduction
    • Global Ethylene Glycol Industry Market – Taxonomy
    • Global Ethylene Glycol Industry Market –Definitions
      • Product Type
      • End Users
  1. Global Ethylene Glycol Industry Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Ethylene Glycol Industry Market Dynamic Factors – Impact Analysis
    • Global Ethylene Glycol Industry Market – Competition Landscape
  2. Global Ethylene Glycol Industry Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025
    • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Ethylene Glycol Industry Market, By Product Type, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Monoethylene Glycol
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Diethylene Glycol
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Triethylene Glycol
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Ethylene Glycol Industry Market Forecast, By End User Mode, 2014 – 2018 and Forecast, 2019 – 2025
    • Fiber
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • PET
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Film
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Antifreeze & Coolant
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Ethylene Glycol Industry Market Forecast, By Region, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • North America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Ethylene Glycol Industry Market – Opportunity Analysis Index, By Product Type, End User, and Region, 2019 – 2025
  2. North America Ethylene Glycol Industry Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Product Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Monoethylene Glycol (MEG)
      • Diethylene Glycol (DEG)
      • Triethylene Glycol (TEG)
    • End User Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Fiber
      • PET
      • Film
      • Antifreeze & Coolant
      • Others
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • S.
      • Canada
    • North America Ethylene Glycol Industry Market – Opportunity Analysis Index, By Product Type, End User, and Country, 2019 – 2025
    • North America Ethylene Glycol Industry Market Dynamics – Trends
  3. Europe Ethylene Glycol Industry Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Product Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Monoethylene Glycol (MEG)
      • Diethylene Glycol (DEG)
      • Triethylene Glycol (TEG)
    • End User Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Fiber
      • PET
      • Film
      • Antifreeze & Coolant
      • Others
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Rest of Europe
    • Europe Ethylene Glycol Industry Market – Opportunity Analysis Index, By Product Type, End User, and Country, 2019 – 2025
    • Europe Ethylene Glycol Industry Market Dynamics – Trends
  4. Asia-Pacific Ethylene Glycol Industry Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Product Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Monoethylene Glycol (MEG)
      • Diethylene Glycol (DEG)
      • Triethylene Glycol (TEG)
    • End User Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Fiber
      • PET
      • Film
      • Antifreeze & Coolant
      • Others
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Rest of Asia-Pacific
    • Asia-Pacific Ethylene Glycol Industry Market – Opportunity Analysis Index, By Product Type, End User, and Country, 2019 – 2025
    • Asia-Pacific Ethylene Glycol Industry Market Dynamics – Trends
  5. Latin America Ethylene Glycol Industry Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Product Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Monoethylene Glycol (MEG)
      • Diethylene Glycol (DEG)
      • Triethylene Glycol (TEG)
    • End User Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Fiber
      • PET
      • Film
      • Antifreeze & Coolant
      • Others
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Chile
      • Rest of Latin America
    • Latin America Ethylene Glycol Industry Market – Opportunity Analysis Index, By Product Type, End User, and Country, 2019 – 2025
    • Latin America Ethylene Glycol Industry Market Dynamics – Trends
  6. Middle East and Africa Ethylene Glycol Industry Market Analysis, 2014 – 2018 and Forecast, 2019 – 2025 (Revenue, USD Mn), Volume (000’ MT)
    • Product Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Monoethylene Glycol (MEG)
      • Diethylene Glycol (DEG)
      • Triethylene Glycol (TEG)
    • End User Type Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Fiber
      • PET
      • Film
      • Antifreeze & Coolant
      • Others
    • Country Analysis 2014 – 2018 and Forecast 2019 – 2025 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • South Africa
      • Gulf Cooperation Council (GCC) Countries
      • Rest of MEA
    • MEA Ethylene Glycol Industry Market – Opportunity Analysis Index, By Product Type, End User, and Country, 2019 – 2025
    • MEA Ethylene Glycol Industry Market Dynamics – Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • SABIC
      • MEGlobal, Shell
      • Formosa Plastics
      • Dowdupont
      • Reliance Industries
      • Sinopec
      • BASF
      • PTTGC
      • Sibur
      • Lotte Chemical
      • Eastman
      • Exxonmobil
  1. Research Methodology
  2. Key Assumptions and Acronyms

Report

Company Profile

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

Description

Ethylene Glycol Market size is valued at USD 17,248.4 million in 2021 and is expected to grow at a CAGR of 5.6% during the forecast period 2022 to 2028.  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 ethylene glycol 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 2022-2028. 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.

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).

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