Market Overview:
The global ethylene glycol and ethylene oxide market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for polyester fiber, polyester resin, antifreeze, and polyester film. Additionally, the growing pharmaceutical industry is also contributing to the growth of this market. North America dominates the global ethylene glycol and ethylene oxide market followed by Europe and Asia Pacific.
Product Definition:
Ethylene glycol is a colorless, odorless, and sweet-tasting liquid. It is used to make antifreeze, deicing fluid for aircrafts, and in the production of polyester fibers. Ethylene oxide is a flammable gas with a sweet odor. It is used to make ethylene glycol, detergents, pharmaceuticals, and other chemicals.
Ethylene Glycol:
Ethylene Glycol is a colorless, water-soluble, viscous liquid that is primarily used as a solvent. It has industrial applications in paints and coatings, adhesives and sealants, foods & beverages processing and pharmaceuticals industries. Ethylene oxide is the most common form of ethylene glycol found on account of its widespread use as an antifreeze for preventing the freezing of automotive fluids at temperatures lower than their respective service temperature ranges.
Ethoxylate:
An ethoxylate is an organic chemical compound derived from the reaction of an alcohol with an oxalic acid. Ethoxylates are used as stabilizers, surfactants, defoamers, and emulsifiers in a variety of applications such as industrial cleaners and detergents.
Application Insights:
Polyester fiber emerged as the largest application segment and accounted for over 45% of the total demand in 2016. The product is used to produce high-density polyethylene fibers, which are further utilized in various end-use industries such as textile, apparel, packaging and construction.
Ethylene glycol is also used to produce ethanolamines that are subsequently utilized in manufacturing of pharmaceuticals and other chemical products such as antifreeze solutions. Polyols produced from ethylene glycol find their major application in water treatment industry where they act as a scale inhibitor. Other applications include use of ethylene glycol by oil refineries for dew point maintenance valve on crude oil distillation column or its feeder pipeline system where it acts as a protective medium against corrosion caused by contact with sulfur compounds present in petroleum oils.
Regional Analysis:
Asia Pacific was the largest market for ethylene glycol and accounted for a revenue share of over 45% in 2016. The region is expected to continue its dominance over the forecast period owing to high product demand from various end-use industries including automotive, construction, packaging, and textile. China is one of the major producers as well as consumers of these products in this region. Increasing automobile production coupled with stringent government regulations regarding fuel emissions has led to an increase in ethylene glycol consumption across this region.
The European market was valued at USD X million in 2016 and is expected to witness significant growth on account of rising product demand from several end-use industries such as paints & coatings; pharmaceuticals; plastics & resins; rubber manufacturing; agriculture/horticulture.; water treatment etc.).
Growth Factors:
- Increasing demand from end-use industries: The ethylene glycol and ethylene oxide market is expected to grow in the coming years owing to the increasing demand from end-use industries such as automotive, construction, and textile.
- Growing investments in R&D: Key players are investing heavily in R&D to develop new products and applications for ethylene glycol and ethylene oxide. This is likely to boost the growth of the market in the coming years.
- Rising awareness about benefits of these chemicals: There is a growing awareness among consumers about the benefits of using ethylene glycol and ethylene oxide chemicals for various applications such as automotive cooling systems, antifreeze formulations, solvents, etc. This is likely to propel the growth of this market in future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ethylene Glycol and Ethylene Oxide Market Research Report
By Type
Ethylene Glycol, Ethoxylate, Ethanolamine, Polyols, Pharmaceutical
By Application
Polyester Fiber, Polyester Resin, Antifreeze, Polyester Film, Other
By Companies
BASF, DOW, Huntsman, Shell, SABIC, AkzoNobel, Farsa Chemical, Formosa Plastics, Ineos Oxide, LyondellBasell Industries, Reliance Industries, Sinopec
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Ethylene Glycol and Ethylene Oxide Market Report Segments:
The global Ethylene Glycol and Ethylene Oxide market is segmented on the basis of:
Types
Ethylene Glycol, Ethoxylate, Ethanolamine, Polyols, Pharmaceutical
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.
Applications
Polyester Fiber, Polyester Resin, Antifreeze, Polyester Film, 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:
- BASF
- DOW
- Huntsman
- Shell
- SABIC
- AkzoNobel
- Farsa Chemical
- Formosa Plastics
- Ineos Oxide
- LyondellBasell Industries
- Reliance Industries
- Sinopec
Highlights of The Ethylene Glycol and Ethylene Oxide Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ethylene Glycol
- Ethoxylate
- Ethanolamine
- Polyols
- Pharmaceutical
- By Application:
- Polyester Fiber
- Polyester Resin
- Antifreeze
- Polyester Film
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ethylene Glycol and Ethylene Oxide 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.
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- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ethylene glycol is a clear, colorless liquid that is used as a solvent and antifreeze. It has the chemical formula C2H6O2. Ethylene oxide, also known as ethylene oxide gas, is a gas that is used in manufacturing and to treat air pollution.
Some of the key players operating in the ethylene glycol and ethylene oxide market are BASF, DOW, Huntsman, Shell, SABIC, AkzoNobel, Farsa Chemical, Formosa Plastics, Ineos Oxide, LyondellBasell Industries, Reliance Industries, Sinopec.
The ethylene glycol and ethylene oxide market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ethylene Glycol and Ethylene Oxide 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. Ethylene Glycol and Ethylene Oxide Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Ethylene Glycol and Ethylene Oxide Market - Supply Chain
4.5. Global Ethylene Glycol and Ethylene Oxide Market Forecast
4.5.1. Ethylene Glycol and Ethylene Oxide Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ethylene Glycol and Ethylene Oxide Market Size (000 Units) and Y-o-Y Growth
4.5.3. Ethylene Glycol and Ethylene Oxide Market Absolute $ Opportunity
5. Global Ethylene Glycol and Ethylene Oxide 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. Ethylene Glycol and Ethylene Oxide Market Size and Volume Forecast by Type
5.3.1. Ethylene Glycol
5.3.2. Ethoxylate
5.3.3. Ethanolamine
5.3.4. Polyols
5.3.5. Pharmaceutical
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Ethylene Glycol and Ethylene Oxide 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. Ethylene Glycol and Ethylene Oxide Market Size and Volume Forecast by Application
6.3.1. Polyester Fiber
6.3.2. Polyester Resin
6.3.3. Antifreeze
6.3.4. Polyester Film
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Ethylene Glycol and Ethylene Oxide 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. Ethylene Glycol and Ethylene Oxide 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 Ethylene Glycol and Ethylene Oxide 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. Ethylene Glycol and Ethylene Oxide 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 Ethylene Glycol and Ethylene Oxide Demand Share Forecast, 2019-2026
9. North America Ethylene Glycol and Ethylene Oxide 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 Ethylene Glycol and Ethylene Oxide 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 Ethylene Glycol and Ethylene Oxide Market Size and Volume Forecast by Application
9.4.1. Polyester Fiber
9.4.2. Polyester Resin
9.4.3. Antifreeze
9.4.4. Polyester Film
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Ethylene Glycol and Ethylene Oxide Market Size and Volume Forecast by Type
9.7.1. Ethylene Glycol
9.7.2. Ethoxylate
9.7.3. Ethanolamine
9.7.4. Polyols
9.7.5. Pharmaceutical
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 Ethylene Glycol and Ethylene Oxide Demand Share Forecast, 2019-2026
10. Latin America Ethylene Glycol and Ethylene Oxide 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 Ethylene Glycol and Ethylene Oxide 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 Ethylene Glycol and Ethylene Oxide Market Size and Volume Forecast by Application
10.4.1. Polyester Fiber
10.4.2. Polyester Resin
10.4.3. Antifreeze
10.4.4. Polyester Film
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Ethylene Glycol and Ethylene Oxide Market Size and Volume Forecast by Type
10.7.1. Ethylene Glycol
10.7.2. Ethoxylate
10.7.3. Ethanolamine
10.7.4. Polyols
10.7.5. Pharmaceutical
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 Ethylene Glycol and Ethylene Oxide Demand Share Forecast, 2019-2026
11. Europe Ethylene Glycol and Ethylene Oxide 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 Ethylene Glycol and Ethylene Oxide 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 Ethylene Glycol and Ethylene Oxide Market Size and Volume Forecast by Application
11.4.1. Polyester Fiber
11.4.2. Polyester Resin
11.4.3. Antifreeze
11.4.4. Polyester Film
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Ethylene Glycol and Ethylene Oxide Market Size and Volume Forecast by Type
11.7.1. Ethylene Glycol
11.7.2. Ethoxylate
11.7.3. Ethanolamine
11.7.4. Polyols
11.7.5. Pharmaceutical
11.8. Basis Point Share (BPS) Analysis 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 Ethylene Glycol and Ethylene Oxide Demand Share, 2019-2026
12. Asia Pacific Ethylene Glycol and Ethylene Oxide 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 Ethylene Glycol and Ethylene Oxide 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 Ethylene Glycol and Ethylene Oxide Market Size and Volume Forecast by Application
12.4.1. Polyester Fiber
12.4.2. Polyester Resin
12.4.3. Antifreeze
12.4.4. Polyester Film
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Ethylene Glycol and Ethylene Oxide Market Size and Volume Forecast by Type
12.7.1. Ethylene Glycol
12.7.2. Ethoxylate
12.7.3. Ethanolamine
12.7.4. Polyols
12.7.5. Pharmaceutical
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 Ethylene Glycol and Ethylene Oxide Demand Share, 2019-2026
13. Middle East & Africa Ethylene Glycol and Ethylene Oxide 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 Ethylene Glycol and Ethylene Oxide 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 Ethylene Glycol and Ethylene Oxide Market Size and Volume Forecast by Application
13.4.1. Polyester Fiber
13.4.2. Polyester Resin
13.4.3. Antifreeze
13.4.4. Polyester Film
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Ethylene Glycol and Ethylene Oxide Market Size and Volume Forecast by Type
13.7.1. Ethylene Glycol
13.7.2. Ethoxylate
13.7.3. Ethanolamine
13.7.4. Polyols
13.7.5. Pharmaceutical
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 Ethylene Glycol and Ethylene Oxide Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Ethylene Glycol and Ethylene Oxide Market: Market Share Analysis
14.2. Ethylene Glycol and Ethylene Oxide Distributors and Customers
14.3. Ethylene Glycol and Ethylene Oxide Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BASF
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. DOW
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Huntsman
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Shell
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. SABIC
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. AkzoNobel
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Farsa Chemical
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Formosa Plastics
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Ineos Oxide
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. LyondellBasell Industries
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Reliance Industries
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Sinopec
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
