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 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.
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Report Metric |
Details |
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Forecast Period |
2022 to 2029 |
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Base Year |
2021 |
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Historic Years |
2020 (Customizable to 2019 - 2014) |
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Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
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Segments Covered |
By Application (Polyester Fiber and Films, Polyethylene Terephthalate , Antifreeze and Coolant, Others), Type (Monoethylene Glycol, Di-Ethylene Glycol, Tri-Ethylene Glycol) |
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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) |
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Opportunities |
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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
- Monoethylene glycol (MEG)
- Di-ethylene glycol (DEG)
- Tri-ethylene glycol (TEG)
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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Table of Content
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 OVERVIEW OF GLOBAL ETHYLENE GLYCOL MARKET
1.4 CURRENCY AND PRICING
1.5 LIMITATION
1.6 MARKETS COVERED
2 MARKET SEGMENTATION
2.1 KEY TAKEAWAYS
2.2 ARRIVING AT THE GLOBAL ETHYLENE GLYCOL MARKET SIZE
2.3 VENDOR POSITIONING GRID
2.4 MARKETS COVERED
2.5 GEOGRAPHIC SCOPE
2.6 YEARS CONSIDERED FOR THE STUDY
2.7 RESEARCH METHODOLOGY
2.8 TECHNOLOGY LIFE LINE CURVE
2.9 MULTIVARIATE MODELLING
2.1 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS
2.11 DBMR MARKET POSITION GRID
2.12 MARKET APPLICATION COVERAGE GRID
2.13 DBMR MARKET CHALLENGE MATRIX
2.14 IMPORT AND EXPORT DATA
2.15 SECONDARY SOURCES
2.16 GLOBAL ETHYLENE GLYCOL MARKET: RESEARCH SNAPSHOT
2.17 ASSUMPTIONS
3 MARKET OVERVIEW
3.1 DRIVERS
3.2 RESTRAINTS
3.3 OPPORTUNITIES
3.4 CHALLENGES
4 EXECUTIVE SUMMARY
5 PREMIUM INSIGHTS
5.1 PRODUCTION CONSUMPTION ANALYSIS
5.2 IMPORT EXPORT SCENARIO
5.3 RAW MATERIAL PRODUCTION COVERAGE
5.4 TECHNOLOGICAL ADVANCEMENT BY MANUFACTURERS
5.5 LIST OF KEY BUYERS
5.6 PORTER’S FIVE FORCES
5.7 VENDOR SELECTION CRITERIA
5.8 PESTEL ANALYSIS
5.9 REGULATION COVERAGE
6 SUPPLY CHAIN ANALYSIS
6.1 OVERVIEW
6.2 LOGISTIC COST SCENARIO
6.3 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS
7 CLIMATE CHANGE SCENARIO
7.1 ENVIRONMENTAL CONCERNS
7.2 INDUSTRY RESPONSE
7.3 GOVERNMENT’S ROLE
7.4 ANALYST RECOMMENDATIONS
8 GLOBAL ETHYLENE GLYCOL MARKET, BY PRODUCT, 2022-2029, (USD MILLION) (KILO TONS)
(ASP, VOLUME and value will be provided for all the segments)
8.1 OVERVIEW
8.2 MONOETHYLENE GLYCOL (MEG)
8.2.1 ASP
8.2.2 VOLUME
8.2.3 VALUE
8.2.4 BY GRADE
8.2.4.1. POLYESTER
8.2.4.2. HIGH PURITY
8.2.4.3. INDUSTRIAL
8.2.4.4. ANTI-FREEZE
8.3 DIETHYLENE GLYCOL (DEG)
8.3.1 ASP
8.3.2 VOLUME
8.3.3 VALUE
8.4 TRIETHYLENE GLYCOL (TEG)
8.4.1 ASP
8.4.2 VOLUME
8.4.3 VALUE
8.4.4 BY GRADE
8.4.4.1. REGULAR GRADE
8.4.4.2. HIGH PURITY
9 GLOBAL ETHYLENE GLYCOL MARKET, BY APPLICATION, 2022-2029, (USD MILLION)
9.1 OVERVIEW
9.2 PET
9.2.1 BY APPLICATION
9.2.1.1. PACKAGING
9.2.1.1.1. BOTTLED WATER
9.2.1.1.2. CARBONATED SOFT BEVERAGES
9.2.1.1.3. JUICES, ALCOHOLIC BEVERAGES
9.2.1.1.4. THERMOFORMING TRAYS
9.2.1.1.5. FOOD PACKAGING
9.2.1.1.6. NON-FOOD PACKAGING
9.2.1.1.7. OTHERS
9.2.1.2. FILMS & SHEETS
9.2.1.3. OTHERS
9.3 POLYESTER FIBERS
9.3.1 ASP
9.3.2 VOLUME
9.3.3 VALUE
9.3.4 BY APPLICATION
9.3.4.1. CARPETS & RUGS
9.3.4.2. NON-WOVEN FABRICS
9.3.4.3. FIBERFILL
9.3.4.4. APPAREL
9.3.4.5. HOME TEXTILE
9.3.4.5.1. OTHERS
9.4 ANTIFREEZE
9.4.1 BY APPLICATION
9.4.1.1. AUTOMOTIVE
9.4.1.1.1. PASSENGER CAR
9.4.1.1.2. COMMERCIAL VEHICLES
9.4.1.2. CONSTRUCTION
9.5 ARTICULATED DUMP TRUCK
9.6 BACKHOE LOADERS
9.7 CRAWLER DOZER
9.8 ASPHALT PAVER
9.9 MOTOR GRADER
9.1 MOTOR SCRAPER
9.11 CRAWLER LOADER
9.12 MINI EXCAVATORS
9.13 SKID- STEER LOADERS
9.14 WHEELED EXCAVATORS
9.15 WHEELED LOADERS <80HP
9.16 WHEELED LOADERS >80HP
9.17 FILMS
9.17.1 BY APPLICATION
9.17.1.1. AUTOMOTIVE
9.17.1.2. BUILDING & CONSTRUCTION
9.17.1.3. ELECTRONICS & ELECTRICALS
9.17.1.4. PACKAGING
9.17.1.5. OTHERS
9.18 OTHERS
10 GLOBAL ETHYLENE GLYCOL MARKET, BY GEOGRAPHY, 2022-2029, (USD MILLION) (KILO TONS)
10.1 OVERVIEW
10.2 NORTH AMERICA
10.2.1 U.S.
10.2.2 CANADA
10.2.3 MEXICO
10.3 EUROPE
10.3.1 GERMANY
10.3.2 U.K.
10.3.3 ITALY
10.3.4 FRANCE
10.3.5 SPAIN
10.3.6 SWITZERLAND
10.3.7 NETHERLANDS
10.3.8 RUSSIA
10.3.9 TURKEY
10.3.10 BELGIUM
10.3.11 NETHERLANDS
10.3.12 REST OF EUROPE
10.4 ASIA-PACIFIC
10.4.1 JAPAN
10.4.2 CHINA
10.4.3 SOUTH KOREA
10.4.4 INDIA
10.4.5 SINGAPORE
10.4.6 THAILAND
10.4.7 INDONESIA
10.4.8 MALAYSIA
10.4.9 AUSTRALIA
10.4.10 PHILIPPINES
10.4.11 REST OF ASIA-PACIFIC
10.5 SOUTH AMERICA
10.5.1 BRAZIL
10.5.2 ARGENTINA
10.5.3 REST OF SOUTH AMERICA
10.6 MIDDLE EAST AND AFRICA
10.6.1 SOUTH AFRICA
10.6.2 EGYPT
10.6.3 SAUDI ARABIA
10.6.4 UNITED ARAB EMIRATES
10.6.5 ISRAEL
10.6.6 REST OF MIDDLE EAST AND AMERICA
11 GLOBAL ETHYLENE GLYCOL MARKET, COMPANY LANDSCAPE
11.1 COMPANY SHARE ANALYSIS: GLOBAL
11.2 COMPANY SHARE ANALYSIS: NORTH AMERICA
11.3 COMPANY SHARE ANALYSIS: EUROPE
11.4 COMPANY SHARE ANALYSIS: ASIA-PACIFIC
11.5 MERGERS AND ACQUISITIONS
11.6 NEW PRODUCT DEVELOPMENT AND APPROVALS
11.7 EXPANSIONS
11.8 PARTNERSHIP AND OTHER STRATEGIC DEVELOPMENTS
12 GLOBAL ETHYLENE GLYCOL MARKET – COMPANY PROFILES
12.1 DOW CHEMICAL COMPANY
12.1.1 COMPANY SNAPSHOT
12.1.2 PRODUCT PORTFOLIO
12.1.3 PRODUCTION CAPACITY OVERVIEW
12.1.4 SWOT ANALYSIS
12.1.5 REVENUE ANALYSIS
12.1.6 RECENT UPDATES
12.2 SINOPEC
12.2.1 COMPANY SNAPSHOT
12.2.2 PRODUCT PORTFOLIO
12.2.3 PRODUCTION CAPACITY OVERVIEW
12.2.4 SWOT ANALYSIS
12.2.5 REVENUE ANALYSIS
12.2.6 RECENT UPDATES
12.3 SABIC
12.3.1 COMPANY SNAPSHOT
12.3.2 PRODUCT PORTFOLIO
12.3.3 PRODUCTION CAPACITY OVERVIEW
12.3.4 SWOT ANALYSIS
12.3.5 REVENUE ANALYSIS
12.3.6 RECENT UPDATES
12.4 SHELL
12.4.1 COMPANY SNAPSHOT
12.4.2 PRODUCT PORTFOLIO
12.4.3 PRODUCTION CAPACITY OVERVIEW
12.4.4 SWOT ANALYSIS
12.4.5 REVENUE ANALYSIS
12.4.6 RECENT UPDATES
12.5 HUNTSMAN CORPORATION
12.5.1 COMPANY SNAPSHOT
12.5.2 PRODUCT PORTFOLIO
12.5.3 PRODUCTION CAPACITY OVERVIEW
12.5.4 SWOT ANALYSIS
12.5.5 REVENUE ANALYSIS
12.5.6 RECENT UPDATES
12.6 RELIANCE INDUSTRIES LTD.
12.6.1 COMPANY SNAPSHOT
12.6.2 PRODUCT PORTFOLIO
12.6.3 PRODUCTION CAPACITY OVERVIEW
12.6.4 SWOT ANALYSIS
12.6.5 REVENUE ANALYSIS
12.6.6 RECENT UPDATES
12.7 BASF
12.7.1 COMPANY SNAPSHOT
12.7.2 PRODUCT PORTFOLIO
12.7.3 PRODUCTION CAPACITY OVERVIEW
12.7.4 SWOT ANALYSIS
12.7.5 REVENUE ANALYSIS
12.7.6 RECENT UPDATES
12.8 AKZONOBEL N.V.
12.8.1 COMPANY SNAPSHOT
12.8.2 PRODUCT PORTFOLIO
12.8.3 PRODUCTION CAPACITY OVERVIEW
12.8.4 SWOT ANALYSIS
12.8.5 REVENUE ANALYSIS
12.8.6 RECENT UPDATES
12.9 KUWAIT PETROLEUM CORPORATION
12.9.1 COMPANY SNAPSHOT
12.9.2 PRODUCT PORTFOLIO
12.9.3 PRODUCTION CAPACITY OVERVIEW
12.9.4 SWOT ANALYSIS
12.9.5 REVENUE ANALYSIS
12.9.6 RECENT UPDATES
12.1 FORMOSA PLASTICS GROUP
12.10.1 COMPANY SNAPSHOT
12.10.2 PRODUCT PORTFOLIO
12.10.3 PRODUCTION CAPACITY OVERVIEW
12.10.4 SWOT ANALYSIS
12.10.5 REVENUE ANALYSIS
12.10.6 RECENT UPDATES
12.11 EXXON MOBIL CORP.
12.11.1 COMPANY SNAPSHOT
12.11.2 PRODUCT PORTFOLIO
12.11.3 PRODUCTION CAPACITY OVERVIEW
12.11.4 SWOT ANALYSIS
12.11.5 REVENUE ANALYSIS
12.11.6 RECENT UPDATES
12.12 INEOS GROUP LTD.
12.12.1 COMPANY SNAPSHOT
12.12.2 PRODUCT PORTFOLIO
12.12.3 PRODUCTION CAPACITY OVERVIEW
12.12.4 SWOT ANALYSIS
12.12.5 REVENUE ANALYSIS
12.12.6 RECENT UPDATES
12.13 ULTRAPAR
12.13.1 COMPANY SNAPSHOT
12.13.2 PRODUCT PORTFOLIO
12.13.3 PRODUCTION CAPACITY OVERVIEW
12.13.4 SWOT ANALYSIS
12.13.5 REVENUE ANALYSIS
12.13.6 RECENT UPDATES
12.14 LYONDELLBASELL INDUSTRIES
12.14.1 COMPANY SNAPSHOT
12.14.2 PRODUCT PORTFOLIO
12.14.3 PRODUCTION CAPACITY OVERVIEW
12.14.4 SWOT ANALYSIS
12.14.5 REVENUE ANALYSIS
12.14.6 RECENT UPDATES
12.15 HONAM PETROCHEMICAL CORPORATION
12.15.1 COMPANY SNAPSHOT
12.15.2 PRODUCT PORTFOLIO
12.15.3 PRODUCTION CAPACITY OVERVIEW
12.15.4 SWOT ANALYSIS
12.15.5 REVENUE ANALYSIS
12.15.6 RECENT UPDATES
12.16 EXXON MOBIL CORPORATION
12.16.1 COMPANY SNAPSHOT
12.16.2 PRODUCT PORTFOLIO
12.16.3 PRODUCTION CAPACITY OVERVIEW
12.16.4 SWOT ANALYSIS
12.16.5 REVENUE ANALYSIS
12.16.6 RECENT UPDATES
NOTE: THE COMPANIES PROFILED IS NOT EXHAUSTIVE LIST AND IS AS PER OUR PREVIOUS CLIENT REQUIREMENT. WE PROFILE MORE THAN 100 COMPANIES IN OUR STUDY AND HENCE THE LIST OF COMPANIES CAN BE MODIFIED OR REPLACED ON REQUEST
13 QUESTIONAIRESS
14 RELATED REPORTS
15 ABOUT DATA BRIDGE MARKET RESEARCH
Global Ethylene Glycol Market, Supply Chain Analysis and Ecosystem Framework
To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Ethylene Glycol Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Ethylene Glycol Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
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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