Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Ethyl Glycolate (CAS 623-50-7) Market by Type (Purity 95%, Purity 98%, Other), By Application (Chemical Reagents, Pharmaceutical Intermediates, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Ethyl Glycolate (CAS 623-50-7) Market by Type (Purity 95%, Purity 98%, Other), By Application (Chemical Reagents, Pharmaceutical Intermediates, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 138927 3300 Chemical & Material 377 233 Pages 4.6 (38)

Market Overview:

The global ethyl glycolate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for ethyl glycolate in various applications such as chemical reagents, pharmaceutical intermediates, and others. In terms of region, North America is expected to lead the global ethyl glycolate market during the forecast period followed by Europe and Asia Pacific.

Global Ethyl Glycolate (CAS 623-50-7) Industry Outlook

Product Definition:

Ethyl glycolate (CAS 623-50-7) is an organic compound with the formula C2H5O3. It is a colorless liquid that is soluble in water and has a sweet taste. Ethyl glycolate is used as a food additive to impart sweetness and as a solvent.

Purity 95%:

Purity 95% is a special type of ethyl glycolate, which has been developed for use in pharmaceuticals and personal care products. It is a colorless liquid with an odor similar to that of ethanol. Purity 95% has no taste and is insoluble in water as well as most organic solvents.

It can be formulated by direct hydration of ethylene glycol or indirectly via di-ethylene terephthalate (DET).

Purity 98%:

Purity 98% is a colorless, water-soluble, and highly flammable liquid. It has a characteristic odor. Purity 98% is used as an ingredient in the production of ethyl glycolate which finds application in paints & coatings, printing inks and adhesives industries.

The global ethyl glycolate market size was valued at USD 2 billion in 2016.

Application Insights:

Chemical reagents was the major application segment and accounted for over 55% of global ethyl glycolates consumption in 2015. The product is widely used as a chemical intermediate in various industrial applications such as pharmaceutical intermediates, agrochemicals, solvents for paints & coatings and adhesives & sealants. Other key end-use industries include polyester production, wherein ethyl glycolate is utilized as an anti-settling additive during the manufacturing process of polyethylene terephthalate (PET) bottles.

The global demand for PET has witnessed tremendous growth owing to its lightweight properties that make it suitable for use in beverage packaging applications. In addition, increasing focus on reducing carbon emissions coupled with stringent government regulations regarding greenhouse gas emissions are expected to drive industry expansion over the coming years.

Ethyl glycolate also finds application as a solvent in cosmetics.

Regional Analysis:

Asia Pacific was the largest market for ethyl glycolate with a share of over 40% in 2017. The region is expected to witness significant growth in terms of revenue during the forecast period owing to increasing demand from end-use industries such as pharmaceutical, agrochemical, and chemical intermediates. China is one of the major producers and exporters of ethyl glycolate globally.

The presence of numerous manufacturers coupled with low production costs has led many small-scale chemical manufacturers to shift their base in this region resulting into high production volumes which are subsequently sold across regional markets at competitive prices. In addition, India is also emerging as a potential market for ethyl glycolate due to its rapidly growing pharmaceutical industry along with government support aimed at promoting FDI flow through open marketplace policies implemented since 2014 under “Make in India” initiative taken by Indian prime minister Narendra Modi. These factors are anticipated to boost product demand over the forecast period.

Growth Factors:

  • Increasing demand from end-use industries such as cosmetics, pharmaceuticals, and food & beverage
  • Growing awareness about the benefits of ethyl glycolate among consumers
  • Rising investment by manufacturers in research and development to develop new applications for ethyl glycolate
  • Expansion of distribution networks by key players to increase reach to consumers
  • Growth in global trade of ethyl glycolate owing to its increasing use in various applications

Scope Of The Report

Report Attributes

Report Details

Report Title

Ethyl Glycolate (CAS 623-50-7) Market Research Report

By Type

Purity 95%, Purity 98%, Other

By Application

Chemical Reagents, Pharmaceutical Intermediates, Other

By Companies

HBCChem, TCI, Alfa Chemistry, Anvia Chemicals, Waterstone Technology, Acros Organics, City Chemical, 3B Scientific, Kanto Chemical, Wako Pure Chemical Industries, VWR International, Beijing Ouhe Technology, J & K SCIENTIFIC, Meryer (Shanghai) Chemical Technology, Energy Chemical

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Ethyl Glycolate (CAS 623-50-7) Market Report Segments:

The global Ethyl Glycolate (CAS 623-50-7) market is segmented on the basis of:


Purity 95%, Purity 98%, Other

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.


Chemical Reagents, Pharmaceutical Intermediates, Other

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. HBCChem
  2. TCI
  3. Alfa Chemistry
  4. Anvia Chemicals
  5. Waterstone Technology
  6. Acros Organics
  7. City Chemical
  8. 3B Scientific
  9. Kanto Chemical
  10. Wako Pure Chemical Industries
  11. VWR International
  12. Beijing Ouhe Technology
  14. Meryer (Shanghai) Chemical Technology
  15. Energy Chemical

Global Ethyl Glycolate (CAS 623-50-7) Market Overview

Highlights of The Ethyl Glycolate (CAS 623-50-7) Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Purity 95%
    2. Purity 98%
    3. Other
  1. By Application:

    1. Chemical Reagents
    2. Pharmaceutical Intermediates
    3. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Ethyl Glycolate (CAS 623-50-7) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Ethyl Glycolate (CAS 623-50-7) Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Ethyl glycolate is a colorless, viscous liquid with a sweet odor. It is used as an industrial solvent and in the food industry as a flavorant and preservative.

Some of the major companies in the ethyl glycolate (cas 623-50-7) market are HBCChem, TCI, Alfa Chemistry, Anvia Chemicals, Waterstone Technology, Acros Organics, City Chemical, 3B Scientific, Kanto Chemical, Wako Pure Chemical Industries, VWR International, Beijing Ouhe Technology, J & K SCIENTIFIC, Meryer (Shanghai) Chemical Technology, Energy Chemical.

The ethyl glycolate (cas 623-50-7) market is expected to register a CAGR of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Ethyl Glycolate (CAS 623-50-7) Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Ethyl Glycolate (CAS 623-50-7) Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Ethyl Glycolate (CAS 623-50-7) Market - Supply Chain
   4.5. Global Ethyl Glycolate (CAS 623-50-7) Market Forecast
      4.5.1. Ethyl Glycolate (CAS 623-50-7) Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Ethyl Glycolate (CAS 623-50-7) Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Ethyl Glycolate (CAS 623-50-7) Market Absolute $ Opportunity

5. Global Ethyl Glycolate (CAS 623-50-7) Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Ethyl Glycolate (CAS 623-50-7) Market Size and Volume Forecast by Type
      5.3.1. Purity 95%
      5.3.2. Purity 98%
      5.3.3. Other
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Ethyl Glycolate (CAS 623-50-7) Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Ethyl Glycolate (CAS 623-50-7) Market Size and Volume Forecast by Application
      6.3.1. Chemical Reagents
      6.3.2. Pharmaceutical Intermediates
      6.3.3. Other
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Ethyl Glycolate (CAS 623-50-7) Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Ethyl Glycolate (CAS 623-50-7) Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Ethyl Glycolate (CAS 623-50-7) Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Ethyl Glycolate (CAS 623-50-7) Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Ethyl Glycolate (CAS 623-50-7) Demand Share Forecast, 2019-2029

9. North America Ethyl Glycolate (CAS 623-50-7) Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Ethyl Glycolate (CAS 623-50-7) Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Ethyl Glycolate (CAS 623-50-7) Market Size and Volume Forecast by Application
      9.4.1. Chemical Reagents
      9.4.2. Pharmaceutical Intermediates
      9.4.3. Other
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Ethyl Glycolate (CAS 623-50-7) Market Size and Volume Forecast by Type
      9.7.1. Purity 95%
      9.7.2. Purity 98%
      9.7.3. Other
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Ethyl Glycolate (CAS 623-50-7) Demand Share Forecast, 2019-2029

10. Latin America Ethyl Glycolate (CAS 623-50-7) Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Ethyl Glycolate (CAS 623-50-7) Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Ethyl Glycolate (CAS 623-50-7) Market Size and Volume Forecast by Application
      10.4.1. Chemical Reagents
      10.4.2. Pharmaceutical Intermediates
      10.4.3. Other
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Ethyl Glycolate (CAS 623-50-7) Market Size and Volume Forecast by Type
      10.7.1. Purity 95%
      10.7.2. Purity 98%
      10.7.3. Other
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Ethyl Glycolate (CAS 623-50-7) Demand Share Forecast, 2019-2029

11. Europe Ethyl Glycolate (CAS 623-50-7) Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Ethyl Glycolate (CAS 623-50-7) Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Ethyl Glycolate (CAS 623-50-7) Market Size and Volume Forecast by Application
      11.4.1. Chemical Reagents
      11.4.2. Pharmaceutical Intermediates
      11.4.3. Other
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Ethyl Glycolate (CAS 623-50-7) Market Size and Volume Forecast by Type
      11.7.1. Purity 95%
      11.7.2. Purity 98%
      11.7.3. Other
   11.8. Basis Point Share (BPS) Analsis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Ethyl Glycolate (CAS 623-50-7) Demand Share, 2019-2029

12. Asia Pacific Ethyl Glycolate (CAS 623-50-7) Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Ethyl Glycolate (CAS 623-50-7) Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Ethyl Glycolate (CAS 623-50-7) Market Size and Volume Forecast by Application
      12.4.1. Chemical Reagents
      12.4.2. Pharmaceutical Intermediates
      12.4.3. Other
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Ethyl Glycolate (CAS 623-50-7) Market Size and Volume Forecast by Type
      12.7.1. Purity 95%
      12.7.2. Purity 98%
      12.7.3. Other
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Ethyl Glycolate (CAS 623-50-7) Demand Share, 2019-2029

13. Middle East & Africa Ethyl Glycolate (CAS 623-50-7) Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Ethyl Glycolate (CAS 623-50-7) Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Ethyl Glycolate (CAS 623-50-7) Market Size and Volume Forecast by Application
      13.4.1. Chemical Reagents
      13.4.2. Pharmaceutical Intermediates
      13.4.3. Other
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Ethyl Glycolate (CAS 623-50-7) Market Size and Volume Forecast by Type
      13.7.1. Purity 95%
      13.7.2. Purity 98%
      13.7.3. Other
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Ethyl Glycolate (CAS 623-50-7) Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Ethyl Glycolate (CAS 623-50-7) Market: Market Share Analysis
   14.2. Ethyl Glycolate (CAS 623-50-7) Distributors and Customers
   14.3. Ethyl Glycolate (CAS 623-50-7) Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. HBCChem Overview Financials Developments Strategic Outlook
      14.4.2. TCI Overview Financials Developments Strategic Outlook
      14.4.3. Alfa Chemistry Overview Financials Developments Strategic Outlook
      14.4.4. Anvia Chemicals Overview Financials Developments Strategic Outlook
      14.4.5. Waterstone Technology Overview Financials Developments Strategic Outlook
      14.4.6. Acros Organics Overview Financials Developments Strategic Outlook
      14.4.7. City Chemical Overview Financials Developments Strategic Outlook
      14.4.8. 3B Scientific Overview Financials Developments Strategic Outlook
      14.4.9. Kanto Chemical Overview Financials Developments Strategic Outlook
      14.4.10. Wako Pure Chemical Industries Overview Financials Developments Strategic Outlook
      14.4.11. VWR International Overview Financials Developments Strategic Outlook
      14.4.12. Beijing Ouhe Technology Overview Financials Developments Strategic Outlook
      14.4.13. J & K SCIENTIFIC Overview Financials Developments Strategic Outlook
      14.4.14. Meryer (Shanghai) Chemical Technology Overview Financials Developments Strategic Outlook
      14.4.15. Energy Chemical Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
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