Market Overview:
The global ethylene 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 ethylene glycol from various applications, such as coolant and heat-transfer agent, antifreeze, precursor to polymers, and others. Asia Pacific is expected to be the fastest-growing region during the forecast period.
Product Definition:
Ethylene glycol is a colorless, odorless, and slightly sweet-tasting liquid. It is used as an antifreeze in automobiles and also as a solvent in paints and varnishes.
Monoethylene Glycol (MEG):
Monoethylene glycol (MEG) is a colorless, odorless liquid that is widely used in various applications such as antifreeze, coolants/lubricants for heat transfer fluids and as an additive in polyester resins. It has the ability to improve chemical resistance and reduce the surface tension of liquids. MEG helps to increase the solubility of toxic substances which makes it an important additive in pesticides, herbicides and other agrochemicals.
Diethylene Glycol (DEG):
Diethylene glycol is a colorless, toxic, viscous liquid that is soluble in water and most of the organic liquids. It has a strong odor similar to that of paint thinner or acetone. Diethylene glycol is used as antifreeze for heat transfer applications and as an ingredient in some fire extinguishers.
Application Insights:
The other application segment of ethylene glycol includes its use as a solvent in the manufacturing of paints and coatings. The global demand for paints and coatings is growing at a significant pace owing to rising construction activities, which has resulted in an increased requirement for the product. In addition, increasing focus on green building construction is expected to drive the demand from architectural and industrial applications over the forecast period.
Coolant & heat-transfer agent was estimated as the largest application segment with a volume share of 37.3% in 2017 on account of its extensive usage across various end-use industries such as automotive, food processing and metalworking among others.
Regional Analysis:
Asia Pacific was the largest market, accounting for a share of more than 35.0% in 2017 owing to high demand from various application industries mainly automotive and electronics. The region is expected to witness significant growth over the forecast period on account of increasing automobile production coupled with rising industrialization in China, India and Southeast Asian countries.
The growing chemical manufacturing industry due to increased consumption of ethylene glycol as a raw material is also anticipated to drive the market growth over the forecast period. In addition, increasing use of DEG as an anti-microbial agent in paints & coatings sector is likely to have a positive impact on regional product demand during the forecast years.
Europe was estimated as second-largest consumer after Asia Pacific with volume consumption amounting USD X million in 2017 owing both MEG and DEG respectively being major ingredients across numerous applications including food processing machinery cooling/heating equipment etc.).
Growth Factors:
- Increasing demand from end-use industries such as automotive, construction, and packaging is expected to drive the ethylene glycol market growth.
- Stringent environmental regulations for production of polyester fibers and plastics are projected to propel the ethylene glycol market over the forecast period.
- Growing demand for bio-based products owing to their eco-friendly nature is anticipated to fuel the ethylene glycol market growth in near future.
- Rising investments in research & development activities for new product launches is likely to provide opportunities for industry players over the next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Ethylene Glycol Market Research Report
By Type
Monoethylene Glycol (MEG), Diethylene Glycol (DEG), Triethylene Glycol (TEG)
By Application
Coolant and Heat-Transfer Agent, Antifreeze, Precursor to Polymers, Other
By Companies
DOW Chemical, Huntsman International, Reliance Industries, SABIC Innovative Plastics, Sinopec, Akzonobel, BASF, Clariant, Shell, Ineos Oxide, DOW Chemical, Formosa Plastics, Lotte Chemical, Mitsubishi Chemical
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
196
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Ethylene Glycol Market Report Segments:
The global Ethylene Glycol market is segmented on the basis of:
Types
Monoethylene Glycol (MEG), Diethylene Glycol (DEG), Triethylene Glycol (TEG)
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
Coolant and Heat-Transfer Agent, Antifreeze, Precursor to Polymers, 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:
- DOW Chemical
- Huntsman International
- Reliance Industries
- SABIC Innovative Plastics
- Sinopec
- Akzonobel
- BASF
- Clariant
- Shell
- Ineos Oxide
- DOW Chemical
- Formosa Plastics
- Lotte Chemical
- Mitsubishi Chemical
Highlights of The Ethylene 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:
- Monoethylene Glycol (MEG)
- Diethylene Glycol (DEG)
- Triethylene Glycol (TEG)
- By Application:
- Coolant and Heat-Transfer Agent
- Antifreeze
- Precursor to Polymers
- 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 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
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- Consumer Insights
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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 many industrial applications, including in the production of plastics and pharmaceuticals.
Some of the key players operating in the ethylene glycol market are DOW Chemical, Huntsman International, Reliance Industries, SABIC Innovative Plastics, Sinopec, Akzonobel, BASF, Clariant, Shell, Ineos Oxide, DOW Chemical, Formosa Plastics, Lotte Chemical, Mitsubishi Chemical.
The ethylene 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 Ethylene 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 Ethylene Glycol Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ethylene 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 Ethylene 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 Ethylene Glycol Market Size & Forecast, 2020-2028
4.5.1 Ethylene Glycol Market Size and Y-o-Y Growth
4.5.2 Ethylene 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 Monoethylene Glycol (MEG)
5.2.2 Diethylene Glycol (DEG)
5.2.3 Triethylene Glycol (TEG)
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 Coolant and Heat-Transfer Agent
6.2.2 Antifreeze
6.2.3 Precursor to Polymers
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ethylene 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 Ethylene 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 Monoethylene Glycol (MEG)
9.6.2 Diethylene Glycol (DEG)
9.6.3 Triethylene Glycol (TEG)
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 Coolant and Heat-Transfer Agent
9.10.2 Antifreeze
9.10.3 Precursor to Polymers
9.10.4 Other
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 Monoethylene Glycol (MEG)
10.6.2 Diethylene Glycol (DEG)
10.6.3 Triethylene Glycol (TEG)
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 Coolant and Heat-Transfer Agent
10.10.2 Antifreeze
10.10.3 Precursor to Polymers
10.10.4 Other
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 Monoethylene Glycol (MEG)
11.6.2 Diethylene Glycol (DEG)
11.6.3 Triethylene Glycol (TEG)
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 Coolant and Heat-Transfer Agent
11.10.2 Antifreeze
11.10.3 Precursor to Polymers
11.10.4 Other
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 Monoethylene Glycol (MEG)
12.6.2 Diethylene Glycol (DEG)
12.6.3 Triethylene Glycol (TEG)
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 Coolant and Heat-Transfer Agent
12.10.2 Antifreeze
12.10.3 Precursor to Polymers
12.10.4 Other
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 Monoethylene Glycol (MEG)
13.6.2 Diethylene Glycol (DEG)
13.6.3 Triethylene Glycol (TEG)
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 Coolant and Heat-Transfer Agent
13.10.2 Antifreeze
13.10.3 Precursor to Polymers
13.10.4 Other
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 Ethylene Glycol Market: Competitive Dashboard
14.2 Global Ethylene Glycol Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DOW Chemical
14.3.2 Huntsman International
14.3.3 Reliance Industries
14.3.4 SABIC Innovative Plastics
14.3.5 Sinopec
14.3.6 Akzonobel
14.3.7 BASF
14.3.8 Clariant
14.3.9 Shell
14.3.10 Ineos Oxide
14.3.11 DOW Chemical
14.3.12 Formosa Plastics
14.3.13 Lotte Chemical
14.3.14 Mitsubishi Chemical
