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Global Ethylene Glycol Market – Industry Trends and Forecast to 2029

Chemical and Materials

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Global Ethylene Glycol Market – Industry Trends and Forecast to 2029

  • Chemical and Materials
  • Upcoming Report
  • Aug 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Ethylene Glycol Market, By Application (Polyester Fiber and Films, Polyethylene Terephthalate, Antifreeze and Coolant, Others), Type (Monoethylene Glycol, Di-Ethylene Glycol, Tri-Ethylene Glycol) – Industry Trends and Forecast to 2029

Ethylene Glycol Market

Ethylene Glycol Market Analysis and Size

Ethylene glycol is an organic compound that is used in the production of polyester fibre as a raw material. It serves as a coolant in automobile engines. It also serves as a heat transfer agent. Furthermore, mixing ethylene glycol with water has the added benefit of preventing corrosion, acid degradation, and the growth of certain bacteria. MEG is a key raw material in the production of polyethylene terephthalate (PET). PET made from MEG is used to make bottles of drinking water, carbonated drinks, and food packaging.

Data Bridge Market Research analyses that the ethylene glycol market was valued at USD 29.12 billion in 2021 and is to reach an estimated value of 34.21 billion by the end of the forecast period and to grow at a CAGR of 4.14% during the forecast period and Data Bridge Market Research report on ethylene glycol market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.

Market Definition

The organic compound ethylene glycol has the formula (CH2OH)2. It is a toxic, colourless, odourless, low-volatility, viscous, and hygroscopic liquid. It is completely miscible with water and a wide range of organic liquids. Hydroxyl groups on glycols are subjected to the standard alcohol chemistry, yielding a wide range of possible derivatives.

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

By Application (Polyester Fiber and Films, Polyethylene Terephthalate , Antifreeze and Coolant, Others), Type (Monoethylene Glycol, Di-Ethylene Glycol, Tri-Ethylene Glycol)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

DuPont (U.S.), Solvay (Belgium), DAIKIN (Japan), Dow (U.S.), 3M (U.S.), H.B. Fuller Company (U.S.), AVERY DENNISON CORPORATION (U.S.), Sealed Air (U.S.), SABIC (Saudi Arabia), Arkema (France), LyondellBasell Industries Holdings B.V. (Netherlands), Exxon Mobil Corporation (U.S.), Mitsui Chemicals Inc., (Japan), Braskem (Brazil), TotalEnergies (France), Novamont SpA (Italy), Biome Bioplastics (UK),  PTT Global Chemical Public Company Limited (Thailand) and KURARAY CO., LTD. (Japan)

Opportunities

  • Availability Of Raw Materials And Low Transportation Costs
  • Rising Popularity For Bio-Based Ethylene Glycol
  • Growing Demand For Environment Friendly Ethylene Glycol

Ethylene Glycol Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

  • Availability Of Raw Materials And Low Transportation Costs

The availability of raw materials and low transportation costs are the major factors driving the growth of the ethylene glycol market during the forecast period of 2022-2029.

  • Rising Popularity For Bio-Based Ethylene Glycol

The availability of advanced ethylene glycol production technology, rising popularity for bio-based ethylene glycol, rising natural gas production, and rising demand from the textile industry are expected to drive the growth of the ethylene glycol market during the forecast period of 2022-2029.

Restraints

However, a lack of universal directives pertaining to ethylene glycol applications, as well as strict rules and regulations, will restrain the ethylene glycol market in the forecast period of 2022-2029, whereas fluctuation in raw material prices will challenge market growth in the above-mentioned forecast period.

This ethylene glycol market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the ethylene glycol market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Post COVID-19 Impact on Ethylene Glycol Market

Many products saw a significant drop in demand as a result of the global lockdown and supply chain disruptions. Because of the outbreak of COVID-19, the textile industries have halted production. Fabric production is currently halted because people are not permitted to go shopping. Despite the fact that many industries are in crisis, the pharmaceutical industry is still operating in the market. The COVID-19 pandemic has increased demand for personal protective equipment like face masks and disinfectants. Because ethylene glycol has antibacterial properties, it is an excellent disinfectant during this crisis. In hospitals, ethylene glycol is used to sterilise surgical instruments. As a result of this pandemic, the global ethylene glycol market is experiencing significant growth.

Recent Development

  • ExxonMobil and SABIC announced the successful launch of Gulf Coast Growth Ventures' world-class manufacturing facility in San Patricio County, Texas, in January 2022. A mono-ethylene glycol unit with an annual capacity of 1.1 million metric tons is part of the new facility's operations.
  • SABIC announced the start-up of the Ethylene Glycol Plant – 3 at its manufacturing affiliate, Jubail United Petrochemical Company (United), in November 2021, with an estimated annual production capacity of 700,000 metric tons of mono-ethylene glycol.

Global Ethylene Glycol Market Scope

The ethylene glycol market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

Application

  • Polyester fiber and films
  • Polyethylene terephthalate
  • Antifreeze and coolant
  • Others

Ethylene Glycol Market Regional Analysis/Insights

The ethylene glycol market is analysed and market size insights and trends are provided by country type, type and application as referenced above.

The countries covered in the ethylene glycol market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa.

Asia-Pacific currently dominates the ethylene glycol market and will continue to do so during the forecast period due to factors such as rising disposable income and improved living standards in many countries in the region. However, due to the presence of major automotive players and a thriving polyethylene terephthalate resin industry in the United States and Canada, North America will continue to project the highest growth rate for this period.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Ethylene Glycol Market Share Analysis

The ethylene glycol market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to ethylene glycol market.

Some of the major players operating in the ethylene glycol market are:

  • DuPont (U.S.)
  • Solvay (Belgium)
  • DAIKIN (Japan)
  • Dow (U.S.)
  • 3M (U.S.)
  • H.B. Fuller Company (U.S.)
  • AVERY DENNISON CORPORATION (U.S.)
  • Sealed Air (U.S.)
  • SABIC (Saudi Arabia)
  • Arkema (France)
  • LyondellBasell Industries Holdings B.V. (Netherlands)
  • Exxon Mobil Corporation (U.S.)
  • Mitsui Chemicals Inc., (Japan)
  • Braskem (Brazil)
  • TotalEnergies (France)
  • Novamont SpA (Italy)
  • Biome Bioplastics (UK),
  • PTT Global Chemical Public Company Limited (Thailand)
  • KURARAY CO., LTD. (Japan)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The Ethylene Glycol Market will be worth USD 34.21 billion in the forecast period by 2029
The Ethylene Glycol Market growth rate is 4.14% during the forecast period.
Rising Popularity For Bio-Based Ethylene Glycol, Availability Of Raw Materials And Low Transportation Costs are the growth drivers of the Ethylene Glycol Market.
The type and application are the factors on which the Ethylene Glycol Market research is based.
Major companies in the Ethylene Glycol Market are DuPont (U.S.), Solvay (Belgium), DAIKIN (Japan), Dow (U.S.), 3M (U.S.), H.B. Fuller Company (U.S.), AVERY DENNISON CORPORATION (U.S.), Sealed Air (U.S.), SABIC (Saudi Arabia), Arkema (France), LyondellBasell Industries Holdings B.V. (Netherlands), Exxon Mobil Corporation (U.S.), Mitsui Chemicals Inc., (Japan), Braskem (Brazil), TotalEnergies (France), Novamont SpA (Italy), Biome Bioplastics (UK), PTT Global Chemical Public Company Limited (Thailand) and KURARAY CO., LTD. (Japan).
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