Market Overview:
The global ethylene glycol solutions market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for ethylene glycol solutions in various applications, such as oil and gas, automotive and electronic products, pharmaceuticals, chemicals, inks and dyes, clothing and others. In terms of type, the monoethylene glycol (MEG) segment is expected to lead the global ethylene glycol solutions market during the forecast period. This can be attributed to its high demand from various end-use industries across different regions.
Product Definition:
An ethylene glycol solution is a mixture of the chemical ethylene glycol and water. Ethylene glycol is a colorless, odorless, syrupy liquid that freezes at about -12°C (10.4°F). It is used as an antifreeze and coolant in automobiles and other machinery.
Monoethylene Glycol (MEG):
Monoethylene glycol (MEG) is a colorless, odorless liquid that is widely used as an antifreeze and for the production of polyester resin. It has a high boiling point and low volatility than ethylene glycol which makes it suitable to be used in heat transfer applications. Monoethylene glycol can also be blended into water or other liquids to produce safe drinking water, ice cream flavors, etc.
Triethylene Glycol (TEG):
Triethylene glycol (TEG) is a colorless, water-soluble, viscous liquid. Triethylene has three hydroxyl groups and one of them is double bonded which makes it very reactive to oxygen. TEG can be produced by two methods; the direct oxidative process and the indirect oxidative process. Direct oxidative process was traditionally used for production but it requires more time than the indirect method so many manufacturers use the latter as a substitute for direct method.
Application Insights:
The oil and gas industry dominated the global ethylene glycol solutions market in 2017, accounting for over 30.0% of the overall revenue share. The segment is expected to witness a significant growth owing to rising shale gas production in North America and Russia as well as increasing onshore and offshore exploration activities in Africa, Asia Pacific, and Middle East & Africa regions. Furthermore, increasing LPG consumption from agriculture sector coupled with growing demand for LPG fuel vehicles is anticipated to drive the segment further during the forecast period.
Automotive & electronic products are estimated to be one of the fastest-growing segments during future years due largelyto rapid industrialization along with developing countries such as India China Indonesia Malaysia Philippines Thailand Vietnam etc., which have a high potentiality regarding automotive manufacturing over next few years.
Regional Analysis:
Asia Pacific was the largest market for ethylene glycol solutions, accounting for a share of more than 35.0% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand from end-use industries such as automotive, electronics and pharmaceuticals. China is one of the major producers and consumers of ethylene glycol across this region owing to its large chemical manufacturing base along with growing automobile production industry in this country.
North America emerged as a prominent consumer due to high consumption levels coupled with stringent regulations regarding VOC emissions from paints and coatings products that are based on petroleum-derived solvents such as TEGDeglyol (TDG). Increasing oil & gas exploration activities in North American countries are also anticipated favorably impact overall market growth over the next eight years.
Growth Factors:
- Increasing demand for ethylene glycol in end-use industries such as automotive, construction, and packaging is expected to drive the growth of the ethylene glycol solutions market.
- Stringent environmental regulations pertaining to emissions from various industrial processes are likely to propel the demand for ethylene glycol solutions as they help reduce emissions significantly.
- Growing investments in research and development activities for developing new applications of ethylene glycol is anticipated to provide impetus to the growth of this market over the next few years.
- Rising awareness about benefits offered by propylene oxide (PO) derived EG solutions is projected to boost their adoption across various industries in the near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ethylene Glycol Solutions Market Research Report
By Type
Monoethylene Glycol (MEG), Triethylene Glycol (TEG), Diethylene Glycol (DEG), Other
By Application
Oil and Gas, Automotive & Electronic Products, Pharmaceutical, Chemicals, Inks and Dyes, Clothing, Others
By Companies
SABIC, Dow, SINOPEC, Shell, INEOS, ExxonMobil, Mitsubishi Chemical, Lotte Chemical, Ashland, Reliance Industries Limited, Huntsman Corporation, BASF, EQUATE, Nouryon, Formosa Plastics, LyondellBasell Industries, Shandong Hualu Hengsheng Chemical Co Ltd, Xinjiang Tianye
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
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global Ethylene Glycol Solutions Market Report Segments:
The global Ethylene Glycol Solutions market is segmented on the basis of:
Types
Monoethylene Glycol (MEG), Triethylene Glycol (TEG), Diethylene Glycol (DEG), 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.
Applications
Oil and Gas, Automotive & Electronic Products, Pharmaceutical, Chemicals, Inks and Dyes, Clothing, 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:
- SABIC
- Dow
- SINOPEC
- Shell
- INEOS
- ExxonMobil
- Mitsubishi Chemical
- Lotte Chemical
- Ashland
- Reliance Industries Limited
- Huntsman Corporation
- BASF
- EQUATE
- Nouryon
- Formosa Plastics
- LyondellBasell Industries
- Shandong Hualu Hengsheng Chemical Co Ltd
- Xinjiang Tianye
Highlights of The Ethylene Glycol Solutions 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)
- Triethylene Glycol (TEG)
- Diethylene Glycol (DEG)
- Other
- By Application:
- Oil and Gas
- Automotive & Electronic Products
- Pharmaceutical
- Chemicals
- Inks and Dyes
- Clothing
- 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 Ethylene Glycol Solutions 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
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer 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 solutions are a type of antifreeze. They are used to keep things like cars, trucks, and airplanes cold.
Some of the major companies in the ethylene glycol solutions market are SABIC, Dow, SINOPEC, Shell, INEOS, ExxonMobil, Mitsubishi Chemical, Lotte Chemical, Ashland, Reliance Industries Limited, Huntsman Corporation, BASF, EQUATE, Nouryon, Formosa Plastics, LyondellBasell Industries, Shandong Hualu Hengsheng Chemical Co Ltd, Xinjiang Tianye.
The ethylene glycol solutions 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 Solutions 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 Solutions Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ethylene Glycol Solutions 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 Solutions 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 Solutions Market Size & Forecast, 2018-2028
4.5.1 Ethylene Glycol Solutions Market Size and Y-o-Y Growth
4.5.2 Ethylene Glycol Solutions Market Absolute $ Opportunity
Chapter 5 Global Ethylene Glycol Solutions 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 Ethylene Glycol Solutions Market Size Forecast by Type
5.2.1 Monoethylene Glycol (MEG)
5.2.2 Triethylene Glycol (TEG)
5.2.3 Diethylene Glycol (DEG)
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Ethylene Glycol Solutions 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 Ethylene Glycol Solutions Market Size Forecast by Applications
6.2.1 Oil and Gas
6.2.2 Automotive & Electronic Products
6.2.3 Pharmaceutical
6.2.4 Chemicals
6.2.5 Inks and Dyes
6.2.6 Clothing
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ethylene Glycol Solutions 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 Solutions 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 Ethylene Glycol Solutions Analysis and Forecast
9.1 Introduction
9.2 North America Ethylene Glycol Solutions 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 Ethylene Glycol Solutions Market Size Forecast by Type
9.6.1 Monoethylene Glycol (MEG)
9.6.2 Triethylene Glycol (TEG)
9.6.3 Diethylene Glycol (DEG)
9.6.4 Other
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 Ethylene Glycol Solutions Market Size Forecast by Applications
9.10.1 Oil and Gas
9.10.2 Automotive & Electronic Products
9.10.3 Pharmaceutical
9.10.4 Chemicals
9.10.5 Inks and Dyes
9.10.6 Clothing
9.10.7 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 Ethylene Glycol Solutions Analysis and Forecast
10.1 Introduction
10.2 Europe Ethylene Glycol Solutions 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 Ethylene Glycol Solutions Market Size Forecast by Type
10.6.1 Monoethylene Glycol (MEG)
10.6.2 Triethylene Glycol (TEG)
10.6.3 Diethylene Glycol (DEG)
10.6.4 Other
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 Ethylene Glycol Solutions Market Size Forecast by Applications
10.10.1 Oil and Gas
10.10.2 Automotive & Electronic Products
10.10.3 Pharmaceutical
10.10.4 Chemicals
10.10.5 Inks and Dyes
10.10.6 Clothing
10.10.7 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 Ethylene Glycol Solutions Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Ethylene Glycol Solutions 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 Ethylene Glycol Solutions Market Size Forecast by Type
11.6.1 Monoethylene Glycol (MEG)
11.6.2 Triethylene Glycol (TEG)
11.6.3 Diethylene Glycol (DEG)
11.6.4 Other
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 Ethylene Glycol Solutions Market Size Forecast by Applications
11.10.1 Oil and Gas
11.10.2 Automotive & Electronic Products
11.10.3 Pharmaceutical
11.10.4 Chemicals
11.10.5 Inks and Dyes
11.10.6 Clothing
11.10.7 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 Ethylene Glycol Solutions Analysis and Forecast
12.1 Introduction
12.2 Latin America Ethylene Glycol Solutions 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 Ethylene Glycol Solutions Market Size Forecast by Type
12.6.1 Monoethylene Glycol (MEG)
12.6.2 Triethylene Glycol (TEG)
12.6.3 Diethylene Glycol (DEG)
12.6.4 Other
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 Ethylene Glycol Solutions Market Size Forecast by Applications
12.10.1 Oil and Gas
12.10.2 Automotive & Electronic Products
12.10.3 Pharmaceutical
12.10.4 Chemicals
12.10.5 Inks and Dyes
12.10.6 Clothing
12.10.7 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) Ethylene Glycol Solutions Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Ethylene Glycol Solutions 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) Ethylene Glycol Solutions Market Size Forecast by Type
13.6.1 Monoethylene Glycol (MEG)
13.6.2 Triethylene Glycol (TEG)
13.6.3 Diethylene Glycol (DEG)
13.6.4 Other
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) Ethylene Glycol Solutions Market Size Forecast by Applications
13.10.1 Oil and Gas
13.10.2 Automotive & Electronic Products
13.10.3 Pharmaceutical
13.10.4 Chemicals
13.10.5 Inks and Dyes
13.10.6 Clothing
13.10.7 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 Ethylene Glycol Solutions Market: Competitive Dashboard
14.2 Global Ethylene Glycol Solutions Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SABIC
14.3.2 Dow
14.3.3 SINOPEC
14.3.4 Shell
14.3.5 INEOS
14.3.6 ExxonMobil
14.3.7 Mitsubishi Chemical
14.3.8 Lotte Chemical
14.3.9 Ashland
14.3.10 Reliance Industries Limited
14.3.11 Huntsman Corporation
14.3.12 BASF
14.3.13 EQUATE
14.3.14 Nouryon
14.3.15 Formosa Plastics
14.3.16 LyondellBasell Industries
14.3.17 Shandong Hualu Hengsheng Chemical Co Ltd
14.3.18 Xinjiang Tianye
