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全球乙二醇市场 - 2023-2030

Global Ethylene Glycol Market - 2023-2030

出版日期: 2024年02月09日 | 出版商:

DataM Intelligence | 英文 208 Pages | 商品交期: 约2个工作天内

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简介目录

概述

2022年全球乙二醇市场规模达292亿美元，预计2030年将达到401亿美元，2023-2030年预测期间CAGR为4.2%。

由生物燃料生产乙二醇也是一个主要趋势。供应商正在研究并资助基于生物技术的化石燃料生产的传统乙二醇的替代品。另一种更环保且碳足迹可能更小的替代品是生物基乙二醇，它通常由生物质或农业废物等可再生原料製成。

乙二醇市场主要由汽车产业推动。液压煞车油、空调系统和汽车引擎都使用乙二醇作为冷却剂和防冻剂。全球汽车製造业正在崛起，特别是在新兴国家，这推动了对乙二醇的需求。

亚太地区是全球乙二醇市场的成长地区之一，占超过1/3的市场。推动市场发展的因素可能与亚太地区乙二醇市场的成长有关。该地区蓬勃发展的汽车产业是主要推动因素之一。在中国，乙二醇被广泛用作汽车引擎、空调系统和液压煞车油的冷却剂和防冻剂，汽车产量的成长推动了对乙二醇的需求。

动力学

乙二醇在纺织和布料工业的使用不断增加

聚酯纤维因其柔软、高吸湿性和轻质的特性，在服装生产中的应用越来越广泛。由于聚酯纤维保暖性高、手感舒适、光泽柔和，常被用来製作薄型保暖内衣、休閒保暖冬装和运动服。柔软、耐热、耐磨的手套和袜子也采用这种材料製成。

国际贸易管理局 (ITA) 预计，到 2025 年，美国时尚服装市场价值将超过 4000 亿美元。印度政府发起的「出口服装园区」计画旨在建立国际标准的服装生产透过重点推动，在有前景的开发地点建立单位。

由于乙二醇广泛用于聚酯纤维的生产，因此预计其需求将随着织物和纺织品行业的增长而增长。因此，在整个预测期内，不断成长的织物和纺织业将提振乙二醇市场。

汽车需求不断成长

产业趋势是汽车生产领域对乙二醇的需求不断增加。在汽车工业中，乙二醇对于某些用途至关重要，其中之一是製造汽车防冻剂的重要成分。这种多用途化学品的需求量很大，因为它可以很好地防止引擎冷却液在极冷的温度下冻结和在炎热的天气下过热。

国际贸易管理局 (ITA) 报告称，中国政府预计到 2025 年，汽车产量将达到 3,500 万辆。根据荷兰统计局(CBS) 的数据，每年1 月1 日在荷兰註册的道路车辆总数从2018 年的1,12,87,017 辆增加到2019 年的1,14,95,837 辆，再到2020 年的1 ,17,03,420 辆。

此外，国际汽车製造商组织 (OICA) 报告称，巴西轻型商用车产量增加了 10.2%，从 2017 年的 326,647 辆增至 2018 年的 358,981 辆。在预测期内，製造业将推动乙二醇市场。

原料成本高

乙二醇市场受原料价格波动的限制较大。乙二醇生产的主要成分是乙烯，它来自天然气和原油等石化原料。与生产乙二醇相关的费用可能会直接受到各种原物料价格变动的影响。

由于原材料成本波动，製造商可能会遇到不确定性，这可能归因于供需不匹配、地缘政治衝突和全球能源市场波动等多种因素。由于这种波动，市场参与者可能会发现很难正确规划和管理其运营，这也可能对乙二醇的定价和盈利能力产生影响。

乙二醇的负面影响

乙二醇的主要缺点是它对人和动物都构成风险。儘管大多数安全资料表将乙二醇归类为“危险”，但大量研究表明，即使是极少量的这种物质也可能致命。美国参议院仍在就全国范围内的乙二醇中毒问题进行辩论。当引入氧气时，乙二醇通常会发生降解。

作为降解的副产物，会产生许多酸，包括草酸、乙醇酸、甲酸和乙酸。如果没有采取适当的步骤，例如减少氧气利用率、缓衝酸的 pH 值以及使用抑制剂提前防止腐蚀，这些酸可能会迅速腐蚀碳钢和其他金属零件。因此，在整个预测期内，这些问题预计将成为限制市场成长的关键因素。

Ethylene glycol produced from biofuels is also a major trend. Alternatives to conventional ethylene glycol produced from fossil fuels that are based on biotechnology are being investigated and funded by suppliers. An alternative that is more environmentally friendly and may have a smaller carbon footprint is bio-based ethylene glycol, which is frequently made from renewable feedstocks like biomass or waste from agriculture.

The market for ethylene glycol is mostly driven by the automobile industry. Hydraulic braking fluids, air conditioning systems and car engines all employ ethylene glycol as a coolant and antifreeze. Global auto manufacturing is rising, particularly in emerging nations, which is driving up demand for ethylene glycol.

Asia-Pacific is among the growing regions in the global ethylene glycol market covering more than 1/3rd of the market. The factors driving the market's development may be linked to the growth of the ethylene glycol market in the Asia-Pacific. The region's flourishing car sector is one of the main contributing factors. In China, the demand for ethylene glycols, which are widely utilized as coolant and antifreeze agents in automotive engines, air conditioning systems and hydraulic braking fluids, is fueled by the growing production of vehicles.

Dynamics

Growing Ethylene Glycol Use in the Textile and Fabric Industries

Polyester fiber is becoming more and more in demand for usage in clothing production because of its qualities of softness, high hygroscopicity and lightweight nature. Because polyester has high warm-keeping, comfortable feeling and soft luster qualities, it is frequently used to make thin thermal underwear, casual warm winter clothing and sportswear. Soft, heat-resistant and wear-resistant gloves and socks are also made using this material.

The International Trade Administration (ITA) projects that the fashion clothing market in U.S. will reach a valuation of over US$400 billion by 2025. The 'Clothing Park for Exports' initiative, instituted by the Indian government, aims to establish internationally-standard clothing production units at promising development locations through a focused push.

Because ethylene glycol is widely used in the production of polyester fiber, it is thus expected that demand for it would rise in tandem with the growing fabric and textiles sector. Consequently, throughout the projected period, the growing fabric and textile sector will boost the ethylene glycol market.

Growing Demand for Automotive

The industrial trend is the increasing demand for ethylene glycol in the car production sector. In the automobile industry, ethylene glycol is essential for some uses, one of which is a vital component in the creation of car antifreeze. The multipurpose chemical is in high demand because it works well to prevent engine coolant from freezing in very cold temperatures and from overheating in hot weather.

The International Trade Administration (ITA) reports that the Chinese government anticipates that by 2025, 35 million vehicles will be produced. The total number of road vehicles registered in the Netherlands on January 1st of each year went from 1,12,87,017 in 2018 to 1,14,95,837 in 2019 to 1,17,03,420 in 2020, according to Statistics Netherlands (CBS).

Additionally, the International Organization of Automobile Manufacturers (OICA) reports that the production of light commercial vehicles climbed by 10.2% in Brazil, from 326,647 in 2017 to 358,981 in 2018. The need for additional ethylene glycol to produce antifreeze as a result of rising automotive manufacturing will drive the ethylene glycol market during the projected period.

High Cost of Raw Material

The ethylene glycol market is significantly constrained by the price volatility of raw materials. The main ingredient in the production of ethylene glycol is ethylene, which comes from petrochemical feedstocks such as natural gas and crude oil. The expenses associated with producing ethylene glycol can be directly impacted by changes in the pricing of various raw ingredients.

Manufacturers may experience uncertainty due to fluctuating raw material costs, which may be attributed to several factors such as supply-demand mismatches, geopolitical conflicts and volatility in global energy markets. Market players may find it difficult to properly plan and manage their operations as a result of this volatility, which may also have an impact on the pricing and profitability of ethylene glycol.

Negative Effects of Ethylene Glycol

The primary drawback of ethylene glycol is that it poses a risk to both people and animals. Although most Safety Data Sheets classify ethylene glycol as "dangerous," a large body of research indicates that even tiny amounts of the substance may be lethal. The US Senate is still debating the issue of ethylene glycol poisoning across the country. The usual degradation of ethylene glycol occurs when oxygen is introduced.

As byproducts of degradation, many acids are produced, including oxalic, glycolic, formic and acetic acids. If suitable steps aren't followed, such as reducing oxygen availability, buffering the acid's pH and using inhibitors to prevent corrosion in advance, these acids may quickly erode carbon steel and other metal parts. Therefore, throughout the projected period, these issues are expected to become a key factor restricting the market's growth.

Segment Analysis

The global ethylene glycol market is segmented based on type, technology, application, end-user and region.

Rising Demand for Monoethylene Glycol (MEG) in the Applications

The monoethylene glycol (MEG) segment is among the growing regions in the global ethylene glycol market covering more than 1/3rd of the market. The most popular applications for monoethylene glycol (MEG) are as a hydrate inhibition and dewatering agent. In pipelines where hydrate formation is an issue, its modest concentrations are frequently constantly injected.

Due to its higher efficiency at a given mass concentration compared to diethylene glycol (DEG), monoethylene glycol (MEG) is the most widely used glycol. The is because only if the glycol used in the next dehydration process is also DEG may DEG be utilized as an agent in the pipeline.

Geographical Penetration

Rising Demands in the Automotive and Electronics Industries in Asia-Pacific

Asia-Pacific has been a dominant force in the global ethylene glycol market. Industrial paints and coatings are made from ethylene glycol, which comes in many forms such as mono, di and triethylene glycol. The types of ethylene glycol give surface coatings viscous texture and qualities including flexibility and durability.

Additionally, the Indian government recently said that it will begin work on a textile processing project in Maharashtra in 2021, with a budget of INR 905 million (about US$ 12.2 million). Moreover, according to a recent post on fibre2fashion, over 70% of all enterprises in Vietnam are engaged in textile production. Because of this, it is anticipated that the region's soaring textile demand would raise the need for the ethylene glycol needed for textile production. The is anticipated to propel the market's expansion in the Asia-Pacific area throughout the next few years.

In addition, the Vietnamese government said in 2020 that it intended to grow the paint coating sector with a 2030 target. Between 2021 and 2030, the paint coating industry's output value is predicted to rise at an average pace of up to 14%. Because of the aforementioned qualities of ethylene glycol, it is anticipated that the manufacturing of coatings in the Asia-Pacific would rise, hence increasing the demand for this major raw material. In the next years, this is expected to fuel market expansion in the Asia-Pacific.

The textile industry uses polyethylene terephthalate resin, while polyester fibers are mainly produced using ethylene glycol, such as mono ethylene glycol. For example, the Non-Woven Fabric Manufacturing Expansion Project in Himachal Pradesh, valued at INR 220 million (US$ 2.9 million), was advertised as starting in July 2021 by India.

COVID-19 Impact Analysis

The new coronavirus, known as SARS-CoV-2, has affected every industry, including the packaging and automobile industries. The government-imposed import-export restrictions in different regions have resulted in a decline in the demand for packaging. Additionally, the production of cars has been severely impeded, which has led to a significant decline in the automotive industry as a whole.

For example, the European Automobile Manufacturers Association reports that, in June 2020, the EU's demand for new commercial cars was still sluggish (-20.3%), but at a slower rate than in April and May. Germany (-30.5%), Spain (-24.2%) and Italy (-12.8%) were the three major markets in the area to report double-digit percentage reductions last month, while France saw a slight uptick (+2.2%). The market for ethylene glycol is being greatly impacted by the sharp decline in antifreeze demand brought on by the decline in car manufacturing.

The world shut down and supply chain disruptions caused a large decline in demand for many items. The COVID-19 pandemic has caused the textile industries to stop producing. People are not allowed to go shopping; thus, fabric manufacture has been suspended. The pharmaceutical business continues to function in the market even if many other industries are experiencing difficulties.

The need for personal protective equipment, such as face masks and disinfectants, has surged because of the COVID-19 epidemic. During this scenario, ethylene glycol works great as a disinfectant because of its antibacterial qualities. Ethylene glycol is used in hospitals to sterilize surgical tools. The global market for ethylene glycol is rising significantly as a result of this a pandemic

Russia-Ukraine War Impact Analysis

The Russia-Ukraine conflict has the potential to significantly impact the global ethylene glycol market due to the key role these countries play in the production and transportation of petrochemicals. Both Russia and Ukraine are major players in the production of raw materials like natural gas, a crucial feedstock for ethylene glycol manufacturing.

Disruptions in the supply chain, such as transportation blockades, export restrictions or damage to critical infrastructure, could lead to shortages and increased prices in the global ethylene glycol market. Moreover, the fight may exacerbate geopolitical unrest, which would affect investor confidence and the financial system.

The markets for commodities, such as chemicals like ethylene glycol, are susceptible to fluctuations and speculation brought about by geopolitical events. The cost structure of ethylene glycol manufacturing may be impacted, affecting pricing dynamics in the globally market, by the possibility of higher energy costs brought on by worries about supply interruptions in the area.

By Type

Monoethylene Glycol (MEG)
Diethylene Glycol (DEG)
Triethylene Glycol (TEG)
Others

By Technology

Gas-Based
Naptha-Based
Coal-Based
Bio-Based
Methanol-Based
Others

By Application

Solvent Coupler
- Stabilizer
- Freezing Point Depression
- Heat Transfer Agent
- Antifreeze and Coolants
- Others
Chemical Intermediate
- Polyester Resins
- Alkyd-Resins
- Others
Solvent
Humectant
- Adhesives
- Textile Fibers
- Printing Inks
- Others
Others

By End-User

Transportation
Packaging
Oil & Gas
Building and Construction
Food & Beverages
Sports
Fabric & Textiles
Personal Care & Cosmetics
Medical & healthcare
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
South America
- Brazil
- Argentina
- Rest of South America
Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
Middle East and Africa

Key Developments

On October 16, 2023, BASF SE expanded capacities for both ethylene oxide and its derivatives at the integrated site in Antwerp, Belgium. The investment contributes approximately 400,000 metric tons per year to BASF SE production capacity for these specific products. By establishing these new plants, the company is reinforcing its commitment to supporting the ongoing expansion of its customer base and strengthening its market position in Europe.
On October 17, 2022, Saudi Basic Industries Corporation (SABIC) is expanded with the establishment of its third Ethylene Glycols Plant under its subsidiary, Jubail United Petrochemicals. SABIC is poised to initiate commercial operations at United Ethylene Glycol Plant. The facility boasts an annual production capacity of 700,000 metric tons of Monoethylene Glycol (MEG).

Competitive Landscape

The major global players in the market include Saudi Basic Industries Corporation, Shell plc, Dow Chemical Company, BASF SE, Sinopec Corp, Reliance Industries Limited, Mitsubishi Chemical Corporation, LyondellBasell Industries Holdings B.V., Lotte Chemical Corporation and Huntsman Corporation.

Why Purchase the Report?

To visualize the global ethylene glycol market segmentation based on type, technology, application, end-user and region, as well as understand key commercial assets and players.
Identify commercial opportunities by analyzing trends and co-development.
Excel data sheet with numerous data points of ethylene glycol market -level with all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Product mapping available as Excel consisting of key products of all the major players.

The global ethylene glycol market report would provide approximately 70 tables, 75 figures and 208 Pages.

Target Audience 2023

Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies

1. Methodology and Scope

1.1. Research Methodology
1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

3.1. Snippet by Type
3.2. Snippet by Technology
3.3. Snippet by Application
3.4. Snippet by End-User
3.5. Snippet by Region

4. Dynamics

4.1. Impacting Factors
- 4.1.1. Drivers
  - 4.1.1.1. Growing Ethylene Glycol Use in the Textile and Fabric Industries
  - 4.1.1.2. Growing Demand for Automotive
- 4.1.2. Restraints
  - 4.1.2.1. High Cost of Raw Material
  - 4.1.2.2. Negative Effects of Ethylene Glycol
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis

5. Industry Analysis

5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
5.5. Russia-Ukraine War Impact Analysis
5.6. DMI Opinion

6. COVID-19 Analysis

6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID
- 6.1.2. Scenario During COVID
- 6.1.3. Scenario Post COVID
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion

7. By Type

7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 7.1.2. Market Attractiveness Index, By Type
7.2. Monoethylene Glycol (MEG)*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Diethylene Glycol (DEG)
7.4. Triethylene Glycol (TEG)
7.5. Others

8. By Technology

8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 8.1.2. Market Attractiveness Index, By Technology
8.2. Gas-Based*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Naptha-Based
8.4. Coal-Based
8.5. Bio-Based
8.6. Methanol-Based
8.7. Others

9. By Application

9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.1.2. Market Attractiveness Index, By Application
9.2. Solvent Coupler*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.2.3. Stabilizer
- 9.2.4. Freezing Point Depression
- 9.2.5. Heat Transfer Agent
- 9.2.6. Antifreeze and Coolants
- 9.2.7. Others
9.3. Chemical Intermediate
- 9.3.1. Polyester Resins
- 9.3.2. Alkyd-Resins
- 9.3.3. Others
9.4. Solvent
9.5. Humectant
- 9.5.1. Adhesives
- 9.5.2. Textile Fibers
- 9.5.3. Printing Inks
- 9.5.4. Others
9.6. Others

10. By End-User

10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.1.2. Market Attractiveness Index, By End-User
10.2. Transportation*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
10.3. Packaging
10.4. Oil & Gas
10.5. Building and Construction
10.6. Food & Beverages
10.7. Sports
10.8. Fabric & Textiles
10.9. Personal Care & Cosmetics
10.10. Medical & healthcare
10.11. Others

11. By Region

11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.1.2. Market Attractiveness Index, By Region
11.2. North America
- 11.2.1. Introduction
- 11.2.2. Key Region-Specific Dynamics
- 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.2.7.1. U.S.
  - 11.2.7.2. Canada
  - 11.2.7.3. Mexico
11.3. Europe
- 11.3.1. Introduction
- 11.3.2. Key Region-Specific Dynamics
- 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.3.7.1. Germany
  - 11.3.7.2. UK
  - 11.3.7.3. France
  - 11.3.7.4. Russia
  - 11.3.7.5. Spain
  - 11.3.7.6. Rest of Europe
11.4. South America
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.4.7.1. Brazil
  - 11.4.7.2. Argentina
  - 11.4.7.3. Rest of South America
11.5. Asia-Pacific
- 11.5.1. Introduction
- 11.5.2. Key Region-Specific Dynamics
- 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.5.7.1. China
  - 11.5.7.2. India
  - 11.5.7.3. Japan
  - 11.5.7.4. Australia
  - 11.5.7.5. Rest of Asia-Pacific
11.6. Middle East and Africa
- 11.6.1. Introduction
- 11.6.2. Key Region-Specific Dynamics
- 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Technology
- 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User

12. Competitive Landscape

12.1. Competitive Scenario
12.2. Market Positioning/Share Analysis
12.3. Mergers and Acquisitions Analysis

13. Company Profiles

13.1. Saudi Basic Industries Corporation*
- 13.1.1. Company Overview
- 13.1.2. Product Portfolio and Description
- 13.1.3. Financial Overview
- 13.1.4. Key Developments
13.2. Shell plc
13.3. Dow Chemical Company
13.4. BASF SE
13.5. Sinopec Corp
13.6. Reliance Industries Limited
13.7. Mitsubishi Chemical Corporation
13.8. LyondellBasell Industries Holdings B.V.
13.9. Lotte Chemical Corporation
13.10. Huntsman Corporation

LIST NOT EXHAUSTIVE