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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Ethylene Glycol Market size was valued at USD 17,248.4 million in 2022 and is expected to grow at a CAGR of 5.6% from 2023 to 2029.  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. 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

2024-2030

Base Year

2023

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.

Key Features of the Reports

  • The 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

Global Ethylene Glycol Market Segmentation

By Product Type
  • Monoethylene Glycol (MEG)
  • Diethylene Glycol (DEG)
  • Triethylene Glycol (TEG)
By End User
  • Fiber
  • PET
  • Film
  • Antifreeze & Coolant
  • Others

Frequently Asked Questions

The ethylene glycol market size was valued at USD 17,248.4 million in 2022

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

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

  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, 2018 - 2022 and Forecast, 2023 - 2029
    • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
    • Monoethylene Glycol
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029
    • Fiber
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • PET
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Film
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
    • North America
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2018 - 2022 and Forecast, 2023 - 2029 (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, 2023 - 2029
  2. North America Ethylene Glycol Industry Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
    • Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Monoethylene Glycol (MEG)
      • Diethylene Glycol (DEG)
      • Triethylene Glycol (TEG)
    • End User Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Fiber
      • PET
      • Film
      • Antifreeze & Coolant
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029
    • North America Ethylene Glycol Industry Market Dynamics Trends
  3. Europe Ethylene Glycol Industry Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
    • Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Monoethylene Glycol (MEG)
      • Diethylene Glycol (DEG)
      • Triethylene Glycol (TEG)
    • End User Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Fiber
      • PET
      • Film
      • Antifreeze & Coolant
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029
    • Europe Ethylene Glycol Industry Market Dynamics Trends
  4. Asia-Pacific Ethylene Glycol Industry Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
    • Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Monoethylene Glycol (MEG)
      • Diethylene Glycol (DEG)
      • Triethylene Glycol (TEG)
    • End User Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Fiber
      • PET
      • Film
      • Antifreeze & Coolant
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029
    • Asia-Pacific Ethylene Glycol Industry Market Dynamics Trends
  5. Latin America Ethylene Glycol Industry Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
    • Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Monoethylene Glycol (MEG)
      • Diethylene Glycol (DEG)
      • Triethylene Glycol (TEG)
    • End User Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Fiber
      • PET
      • Film
      • Antifreeze & Coolant
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029
    • Latin America Ethylene Glycol Industry Market Dynamics Trends
  6. Middle East and Africa Ethylene Glycol Industry Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn), Volume (000 MT)
    • Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Monoethylene Glycol (MEG)
      • Diethylene Glycol (DEG)
      • Triethylene Glycol (TEG)
    • End User Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Fiber
      • PET
      • Film
      • Antifreeze & Coolant
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 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, 2023 - 2029
    • 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
  • SABIC
  • MEGlobal, Shell
  • Formosa Plastics
  • Dowdupont
  • Reliance Industries
  • Sinopec
  • BASF
  • PTTGC
  • Sibur
  • Lotte Chemical
  • Eastman
  • Exxonmobil

Adjacent Markets