According to the latest report by IMARC Group, titled “Ethylene Glycol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global ethylene glycol market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global ethylene glycol market size reached US$ 42.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 55.4 Billion by 2027, exhibiting a growth rate (CAGR) of 4.57% during 2022-2027. Ethylene glycol represents a slightly viscous and transparent chemical compound that is commonly used as an antifreeze and industrial coolant. It is available in several types, including diethylene glycol (DEG), mono ethylene glycol (MEG), and tri ethylene glycol (TEG), which are used as heat transfer fluids in compressors and heating, ventilating and air conditioning (HVAC) systems. Ethylene glycol is utilized as a raw material to produce fiberglass, polyester fibers, and polyethylene terephthalate resin, which are used in the manufacturing of bathtubs, bowling balls, upholstery, and packaging materials. It also finds widespread applications across various sectors, such as plastic, transportation, oil and gas, textile, medical, etc.
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Global Ethylene Glycol Market Trends:
The escalating product demand in plastic packaging manufacturing, owing to its resistance to corrosion, hygroscopicity, high boiling point, and lubrication, is among the primary factors driving the ethylene glycol market. Besides this, the rising industrialization levels across countries, elevating environmental consciousness among the masses, and extensive research and development (R&D) activities are further augmenting the market growth. Moreover, the development of innovative and bio-based ethylene glycol to produce several consumer products, including automotive antifreeze, hydraulic brake fluids, solvents, paints, films, cosmetics, etc., is also catalyzing the global market. Apart from this, the increasing need for polyester fibers as a cushioning material in pillows, comforters, and upholstery padding is expected to bolster the ethylene glycol market in the coming years.
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Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Akzo Nobel N.V.
- Ashland Global Holdings Inc.
- China Petrochemical Corporation
- BASF SE
- The Dow Chemical Company
- Formosa Plastics Corporation, U.S.A.
- Huntsman International LLC
- INEOS AG
- Lotte Chemical Corporation
- LyondellBasell Industries N.V.
- Reliance Industries Limited
- Shell International B.V.
- Saudi Arabian Oil Company
Breakup by Product:
- Monoethylene Glycol (MEG)
- Diethylene Glycol (DEG)
- Triethylene Glycol (TEG)
Breakup by Manufacturing Process:
- Ethylene Oxide
- Coal
- Biological Route
- Others
Breakup by Application:
- Polyester Fiber
- PET
- Antifreeze and Coolant
- Film
- Others
Breakup by End-Use Industry:
- Oil and Gas Industry
- Plastic Industry
- Transportation Industry
- Medical Industry
- Textile Industry
- Others
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
List of Figures
Figure 1: Global: Ethylene Glycol Market: Major Drivers and Challenges
Figure 2: Global: Ethylene Glycol Market: Volume Trends (in Million Tons), 2016-2021
Figure 3: Global: Ethylene Glycol Market: Value Trends (in Billion US$), 2016-2021
Figure 4: Global: Ethylene Glycol Market: Breakup by Product (in %), 2021
Figure 5: Global: Ethylene Glycol Market: Breakup by Manufacturing Process (in %), 2021
Figure 6: Global: Ethylene Glycol Market: Breakup by Application (in %), 2021
Figure 7: Global: Ethylene Glycol Market: Breakup by End-Use Industry (in %), 2021
Figure 8: Global: Ethylene Glycol Market: Breakup by Region (in %), 2021
Figure 9: Global: Ethylene Glycol Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 10: Global: Ethylene Glycol Market Forecast: Value Trends (in Billion US$), 2022-2027
Figure 11: Global: Ethylene Glycol (Monoethylene Glycol) Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 12: Global: Ethylene Glycol (Monoethylene Glycol) Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 13: Global: Ethylene Glycol (Diethylene Glycol) Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 14: Global: Ethylene Glycol (Diethylene Glycol) Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 15: Global: Ethylene Glycol (Triethylene Glycol) Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 16: Global: Ethylene Glycol (Triethylene Glycol) Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 17: Global: Ethylene Glycol (Ethylene Oxide) Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 18: Global: Ethylene Glycol (Ethylene Oxide) Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 19: Global: Ethylene Glycol (Coal) Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 20: Global: Ethylene Glycol (Coal) Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 21: Global: Ethylene Glycol (Biological Route) Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 22: Global: Ethylene Glycol (Biological Route) Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 23: Global: Ethylene Glycol (Other Manufacturing Processes) Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 24: Global: Ethylene Glycol (Other Manufacturing Processes) Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 25: Global: Ethylene Glycol (Polyester Fiber) Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 26: Global: Ethylene Glycol (Polyester Fiber) Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 27: Global: Ethylene Glycol (PET) Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 28: Global: Ethylene Glycol (PET) Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 29: Global: Ethylene Glycol (Antifreeze and Coolant) Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 30: Global: Ethylene Glycol (Antifreeze and Coolant) Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 31: Global: Ethylene Glycol (Film) Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 32: Global: Ethylene Glycol (Film) Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 33: Global: Ethylene Glycol (Other Applications) Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 34: Global: Ethylene Glycol (Other Applications) Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 35: Global: Ethylene Glycol (Oil and Gas Industry) Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 36: Global: Ethylene Glycol (Oil and Gas Industry) Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 37: Global: Ethylene Glycol (Plastic Industry) Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 38: Global: Ethylene Glycol (Plastic Industry) Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 39: Global: Ethylene Glycol (Transportation Industry) Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 40: Global: Ethylene Glycol (Transportation Industry) Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 41: Global: Ethylene Glycol (Medical Industry) Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 42: Global: Ethylene Glycol (Medical Industry) Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 43: Global: Ethylene Glycol (Textile Industry) Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 44: Global: Ethylene Glycol (Textile Industry) Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 45: Global: Ethylene Glycol (Other End-Use Industries) Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 46: Global: Ethylene Glycol (Other End-Use Industries) Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 47: North America: Ethylene Glycol Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 48: North America: Ethylene Glycol Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 49: United States: Ethylene Glycol Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 50: United States: Ethylene Glycol Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 51: Canada: Ethylene Glycol Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 52: Canada: Ethylene Glycol Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 53: Asia Pacific: Ethylene Glycol Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 54: Asia Pacific: Ethylene Glycol Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 55: China: Ethylene Glycol Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 56: China: Ethylene Glycol Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 57: Japan: Ethylene Glycol Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 58: Japan: Ethylene Glycol Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 59: India: Ethylene Glycol Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 60: India: Ethylene Glycol Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 61: South Korea: Ethylene Glycol Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 62: South Korea: Ethylene Glycol Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 63: Australia: Ethylene Glycol Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 64: Australia: Ethylene Glycol Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 65: Indonesia: Ethylene Glycol Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 66: Indonesia: Ethylene Glycol Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 67: Others: Ethylene Glycol Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 68: Others: Ethylene Glycol Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 69: Europe: Ethylene Glycol Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 70: Europe: Ethylene Glycol Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 71: Germany: Ethylene Glycol Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 72: Germany: Ethylene Glycol Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 73: France: Ethylene Glycol Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 74: France: Ethylene Glycol Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 75: United Kingdom: Ethylene Glycol Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 76: United Kingdom: Ethylene Glycol Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 77: Italy: Ethylene Glycol Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 78: Italy: Ethylene Glycol Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 79: Spain: Ethylene Glycol Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 80: Spain: Ethylene Glycol Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 81: Russia: Ethylene Glycol Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 82: Russia: Ethylene Glycol Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 83: Others: Ethylene Glycol Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 84: Others: Ethylene Glycol Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 85: Latin America: Ethylene Glycol Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 86: Latin America: Ethylene Glycol Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 87: Brazil: Ethylene Glycol Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 88: Brazil: Ethylene Glycol Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 89: Mexico: Ethylene Glycol Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 90: Mexico: Ethylene Glycol Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 91: Others: Ethylene Glycol Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 92: Others: Ethylene Glycol Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 93: Middle East and Africa: Ethylene Glycol Market: Volume Trends (in Million Tons), 2016 & 2021
Figure 94: Middle East and Africa: Ethylene Glycol Market Forecast: Volume Trends (in Million Tons), 2022-2027
Figure 95: Global: Ethylene Glycol Industry: SWOT Analysis
Figure 96: Global: Ethylene Glycol Industry: Value Chain Analysis
Figure 97: Global: Ethylene Glycol Industry: Porter’s Five Forces Analysis
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