Market Overview:
The global diethylene glycol 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 diethylene glycol from various applications such as paints and coatings, adhesives, plastics, personal care, and others. Additionally, the growing demand for pharmaceutical grade diethylene glycol is also propelling the growth of this market. However, volatility in prices of raw materials may restrain the growth of this market during the forecast period. On basis of type, industrial grade accounted for majority share in 2017 and is projected to maintain its dominance during forecast period due to its low cost as compared to other grades.
Product Definition:
Diethylene glycol is an organic compound with the formula (CH2OH)2. It is a colorless, odorless, and sweet-tasting liquid. Diethylene glycol is used as an antifreeze agent and in the manufacture of polyester fibers and resins.
Industrial Grade:
Industrial grade is a high purity, technical grade of ethylene glycol used in industrial applications. It has several uses as an antifreeze, coolant and heat transfer agent among others. Diethylene Glycol (DEG) is the most commonly used industrial-grade product owing to its properties such as low cost and easy availability.
Pharmaceutical Grade:
Pharmaceutical grade DEG is a colorless, water-soluble liquid. It is primarily used as a solvent in the pharmaceutical industry and has applications in other end-use industries such as food & beverages, cosmetics, chemical processing and petroleum refining.
It’s major application includes formulation of various oral drugs such as paracetamol (Para-sol), codeine phosphate (Robaxin), aspirin (Aspirin Sulfate).
Application Insights:
Paints and coatings was the largest application segment in 2015, accounting for over 35% of global demand. The product is widely used as a solvent in paints and related industries on account of its low boiling point, high volatility, and toxicity. However, rising environmental concerns regarding VOC emissions have resulted in a decline in the use of diethylene glycol-based paints since 2010 across all regions. This trend is expected to continue over the forecast period due to various regulations implemented by regional governments concerning VOC emissions from 2012 onward.
Diethylene glycol is extensively utilized as an additive for plastic materials such as polypropylene (PP) and polyethylene (PE). It acts as a binder during production of plastics along with other additives such as pigments & fillers that are used to produce colorfillable products suitable for food packaging applications.
Regional Analysis:
Asia Pacific was the largest consumer of diethylene glycol in 2017 and is expected to witness a CAGR of XX% from 2018 to 2030 owing to increasing industrialization, rapid urbanization along with rising per capita income. The region has witnessed an increase in demand for paints & coatings, adhesives and plasticizers over the past few years on account of growing end-use industries such as construction, automotive and electronics.
Europe was the second-largest consumer followed by North America owing to high consumption coupled with stringent regulations regarding VOC emissions from paint manufacturing companies. Europe market growth can be attributed majorly to personal care products such as shampoos, conditioners & detanglers used for hair care; cosmetics including perfumes; creams, lotions & moisturizers used for skin nourishment; sun tanning oils etc.
Growth Factors:
- Increasing demand for Diethylene Glycol in end-use industries such as automotive, construction, and electronics due to its properties such as low viscosity, non-toxic, and low volatility.
- Rising demand for Diethylene Glycol from emerging countries due to the growth of their economies and the increasing population.
- Growing awareness about the benefits of using Diethylene Glycol among consumers which is driving its demand in various applications such as antifreeze solutions, solvents, polyester fibers etc.
- Technological advancements that are taking place in the production of Diethylene Glycol which is resulting in lower production costs and making it more affordable for consumers. 5) The increasing use of bio-based substitutes for diethylene glycol which is hampering the growth of this market to some extent
Scope Of The Report
Report Attributes
Report Details
Report Title
Diethylene Glycol Market Research Report
By Type
Industrial Grade, Pharmaceutical Grade, Food Grade
By Application
Paints&Coatings, Adhesives, Plastics, Personal Care, Others
By Companies
SINOPEC, Shell, Reliance Industries, SABIC, The Kuwait Olefins, Formosa Plastics, TOC Glycol Company Limited, Huntsman, Dow, Alberta & Orient Glycol, 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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Diethylene Glycol Market Report Segments:
The global Diethylene Glycol market is segmented on the basis of:
Types
Industrial Grade, Pharmaceutical Grade, Food Grade
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
Paints&Coatings, Adhesives, Plastics, Personal Care, Others
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:
- SINOPEC
- Shell
- Reliance Industries
- SABIC
- The Kuwait Olefins
- Formosa Plastics
- TOC Glycol Company Limited
- Huntsman
- Dow
- Alberta & Orient Glycol
- SINOPEC
Highlights of The Diethylene Glycol 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:
- Industrial Grade
- Pharmaceutical Grade
- Food Grade
- By Application:
- Paints&Coatings
- Adhesives
- Plastics
- Personal Care
- Others
- 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 Diethylene Glycol 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
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?
Diethylene glycol is a clear, colorless liquid that is used as a solvent and antifreeze. It can also be used in cosmetics, food products, and pharmaceuticals.
Some of the major players in the diethylene glycol market are SINOPEC, Shell, Reliance Industries, SABIC, The Kuwait Olefins, Formosa Plastics, TOC Glycol Company Limited, Huntsman, Dow, Alberta & Orient Glycol, SINOPEC.
The diethylene glycol market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Diethylene Glycol Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Diethylene Glycol Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Diethylene Glycol Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Diethylene Glycol Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Diethylene Glycol Market Size & Forecast, 2020-2028
4.5.1 Diethylene Glycol Market Size and Y-o-Y Growth
4.5.2 Diethylene Glycol Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Industrial Grade
5.2.2 Pharmaceutical Grade
5.2.3 Food Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Paints&Coatings
6.2.2 Adhesives
6.2.3 Plastics
6.2.4 Personal Care
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Diethylene Glycol Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Diethylene Glycol Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Industrial Grade
9.6.2 Pharmaceutical Grade
9.6.3 Food Grade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Paints&Coatings
9.10.2 Adhesives
9.10.3 Plastics
9.10.4 Personal Care
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Industrial Grade
10.6.2 Pharmaceutical Grade
10.6.3 Food Grade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Paints&Coatings
10.10.2 Adhesives
10.10.3 Plastics
10.10.4 Personal Care
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Industrial Grade
11.6.2 Pharmaceutical Grade
11.6.3 Food Grade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Paints&Coatings
11.10.2 Adhesives
11.10.3 Plastics
11.10.4 Personal Care
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Industrial Grade
12.6.2 Pharmaceutical Grade
12.6.3 Food Grade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Paints&Coatings
12.10.2 Adhesives
12.10.3 Plastics
12.10.4 Personal Care
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Industrial Grade
13.6.2 Pharmaceutical Grade
13.6.3 Food Grade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Paints&Coatings
13.10.2 Adhesives
13.10.3 Plastics
13.10.4 Personal Care
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Diethylene Glycol Market: Competitive Dashboard
14.2 Global Diethylene Glycol Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SINOPEC
14.3.2 Shell
14.3.3 Reliance Industries
14.3.4 SABIC
14.3.5 The Kuwait Olefins
14.3.6 Formosa Plastics
14.3.7 TOC Glycol Company Limited
14.3.8 Huntsman
14.3.9 Dow
14.3.10 Alberta & Orient Glycol
14.3.11 SINOPEC
