Ethylene Glycol Market Overview:
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 (CH2OH)2 represents an odorless, transparent, and viscous organic compound that is used as an industrial coolant and antifreeze. The most common types of ethylene glycol include diethylene glycol (DEG), tri ethylene glycol (TEG), mono ethylene glycol (MEG), etc. They are widely used as heat transfer fluids in compressors and heating, ventilating and air conditioning (HVAC) systems. In line with this, ethylene glycol finds extensive applications in various other consumer products, such as automotive antifreeze, hydraulic brake fluids, solvents, paints, films, bowling balls, cosmetics, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Ethylene Glycol Market Trends:
The escalating product demand for manufacturing polyethylene terephthalate (PET) packaging solutions is primarily driving the ethylene glycol market. Additionally, the rising adoption of polyester fibers as a cushioning material in pillows, comforters, upholstery padding, etc., is further catalyzing the market growth.
Besides this, the growing utilization of ethylene glycol across several end-use industries, such as oil and gas, plastic, medical, textile, etc., owing to its high boiling point, resistance to corrosion, hygroscopicity, optimal lubrication, etc., is acting as another significant growth-inducing factor. Moreover, the introduction of novel technologies, including coal to ethylene glycol (CtEG), in the production process is also positively influencing the global market. Apart from this, the development of bio-based product variants that are produced from agricultural wastes, such as hay, molasses, bagasse, etc., is anticipated to fuel the ethylene glycol market over the forecasted period.
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Important Note: If the link is not clickable please open it in a new tab, you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
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
Key Market Segmentation Breakup by:
- Monoethylene Glycol (MEG)
- Diethylene Glycol (DEG)
- Triethylene Glycol (TEG)
- Ethylene Oxide
- Biological Route
- Polyester Fiber
- Antifreeze and Coolant
- Oil and Gas Industry
- Plastic Industry
- Transportation Industry
- Medical Industry
- Textile Industry
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)
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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:
- Scope and Methodology
- Executive Summary
- Global Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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