Product Code: 978-1-68038-049-1
Ethylene Glycols Market Growth & Trends:
The global ethylene glycols market size is expected to reach USD 23.56 billion by 2030, registering a CAGR of 5.3% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing demand for polyethylene terephthalate (PET) for packaging applications, primarily in Asia Pacific and Latin America is expected to remain a key driving factor for the market. In addition, growth from the global textiles industry is also expected to support the ethylene glycol market development over the forecast period. Volatile prices and tight supply of raw materials, on account of frequent fluctuations in crude oil prices, are expected to inhibit the market growth over the next six years.
Monoethylene glycol (MEG) emerged as the leading product segment and accounted for 32.67% of total market volume in 2023. MEG in addition to being the largest product segment is also expected to be the fastest-growing ethylene glycol at an estimated CAGR of 4.5% from 2024 to 2030. MEG is mainly used for manufacturing PET and growth of the global beverages market is expected to drive the demand for MEG over the forecast period. Global market for di-ethylene glycol (DEG) is expected to reach USD 6.23 billion by 2030.
Ethylene Glycols Market Report Highlights:
- The global ethylene glycols market size was valued at USD 17.76 billion in 2023 and is projected to grow at a CAGR of 5.3% from 2024 to 2030.
- PET emerged as the leading application market for ethylene glycols and accounted for 44.1% of total market volume in 2023. Growth of the beverages industry mainly in Asia Pacific and Latin America is expected to drive this market over the next six years. Polyester fibers are expected to be the fastest-growing market for ethylene glycols at an estimated CAGR of 4.1% from 2024 to 2030.
- North America ethylene glycols market dominated the global ethylene glycols market with a revenue share of 40.5% in 2023.
- The global market for ethylene glycol is fairly concentrated with the top four companies operating in the market including SABIC, Dow Chemical Company, Sinopec and Shell Chemical accounted for over 50% of the total market in 2013. Other companies operating in the market include Formosa Plastics Group, Honam Petrochemicals, and Ineos.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Ethylene Glycols Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (Kilotons) (USD Million)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.4. Ethylene Glycols Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
Chapter 4. Ethylene Glycols Market: Derivative Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Ethylene Glycols Market: Derivative Type Movement Analysis, 2023 & 2030 (USD Million)
- 4.3. Monoethylene Glycol (MEG)
- 4.3.1. Monoethylene Glycol (MEG) Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.4. Diethylene Glycol (DEG)
- 4.4.1. Diethylene Glycol (DEG) Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.5. Triethylene Glycol (TEG)
- 4.5.1. Triethylene Glycol (TEG) Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5. Ethylene Glycols Market: Application Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Ethylene Glycols Market: Application Movement Analysis, 2023 & 2030 (USD Million)
- 5.3. Polyester Fibers
- 5.3.1. Polyester Fibers Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4. PET
- 5.4.1. PET Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.5. Antifreeze and Coolants
- 5.5.1. Antifreeze and Coolants Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.6. Films
- 5.6.1. Films Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.7. Others
- 5.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6. Ethylene Glycols Market: End Use Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Ethylene Glycols Market: End Use Movement Analysis, 2023 & 2030 (USD Million)
- 6.3. Textile
- 6.3.1. Textile Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4. Automotive
- 6.4.1. Automotive Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.5. Packaging
- 6.5.1. Packaging Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.6. Others
- 6.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 7. Ethylene Glycols Market: Regional Estimates & Trend Analysis
- 7.1. Ethylene Glycols Market Share, By Region, 2023 & 2030, USD Million
- 7.2. North America
- 7.2.1. North America Ethylene Glycols Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. U.S. Ethylene Glycols Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Canada Ethylene Glycols Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.2.4. Mexico
- 7.2.4.1. Mexico Ethylene Glycols Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3. Europe
- 7.3.1. Europe Ethylene Glycols Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.2. UK
- 7.3.2.1. UK Ethylene Glycols Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.3. Germany
- 7.3.3.1. Germany Ethylene Glycols Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.4. France
- 7.3.4.1. France Ethylene Glycols Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.5. Italy
- 7.3.5.1. Italy Ethylene Glycols Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.3.6. Spain
- 7.3.6.1. Spain Ethylene Glycols Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Ethylene Glycols Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.2. China
- 7.4.2.1. China Ethylene Glycols Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.3. Japan
- 7.4.3.1. Japan Ethylene Glycols Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.4. India
- 7.4.4.1. India Ethylene Glycols Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.4.5. South Korea
- 7.4.5.1. South Korea Ethylene Glycols Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America Ethylene Glycols Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Brazil Ethylene Glycols Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.5.3. Argentina
- 7.5.3.1. Argentina Ethylene Glycols Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.6. Middle East and Africa
- 7.6.1. Middle East and Africa Ethylene Glycols Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.2. South Africa
- 7.6.2.1. South Africa Ethylene Glycols Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 7.6.3. Saudi Arabia
- 7.6.3.1. Saudi Arabia Ethylene Glycols Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis by Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Heat Map Analysis
- 8.4. Company Profiles
- 8.4.1. Exxon Mobil Corporation
- 8.4.1.1. Participant's Overview
- 8.4.1.2. Financial Performance
- 8.4.1.3. Product Benchmarking
- 8.4.1.4. Recent Developments/Strategic Initiatives
- 8.4.2. Dow Inc.
- 8.4.2.1. Participant's Overview
- 8.4.2.2. Financial Performance
- 8.4.2.3. Product Benchmarking
- 8.4.2.4. Recent Developments/Strategic Initiatives
- 8.4.3. SABIC
- 8.4.3.1. Participant's Overview
- 8.4.3.2. Financial Performance
- 8.4.3.3. Product Benchmarking
- 8.4.3.4. Recent Developments/Strategic Initiatives
- 8.4.4. China Petrochemical Corporation
- 8.4.4.1. Participant's Overview
- 8.4.4.2. Financial Performance
- 8.4.4.3. Product Benchmarking
- 8.4.4.4. Recent Developments/Strategic Initiatives
- 8.4.5. Shell Chemicals
- 8.4.5.1. Participant's Overview
- 8.4.5.2. Financial Performance
- 8.4.5.3. Product Benchmarking
- 8.4.5.4. Recent Developments/Strategic Initiatives
- 8.4.6. Reliance Industries Limited
- 8.4.6.1. Participant's Overview
- 8.4.6.2. Financial Performance
- 8.4.6.3. Product Benchmarking
- 8.4.6.4. Recent Developments/Strategic Initiatives
- 8.4.7. Huntsman International LLC
- 8.4.7.1. Participant's Overview
- 8.4.7.2. Financial Performance
- 8.4.7.3. Product Benchmarking
- 8.4.7.4. Recent Developments/Strategic Initiatives
- 8.4.8. LOTTE Chemical CORPORATION
- 8.4.8.1. Participant's Overview
- 8.4.8.2. Financial Performance
- 8.4.8.3. Product Benchmarking
- 8.4.8.4. Recent Developments/Strategic Initiatives
- 8.4.9. KUWAIT PETROLEUM CORPORATION
- 8.4.9.1. Participant's Overview
- 8.4.9.2. Financial Performance
- 8.4.9.3. Product Benchmarking
- 8.4.9.4. Recent Developments/Strategic Initiatives
- 8.4.10. LyondellBasell Industries Holdings B.V.
- 8.4.10.1. Participant's Overview
- 8.4.10.2. Financial Performance
- 8.4.10.3. Product Benchmarking
- 8.4.10.4. Recent Developments/Strategic Initiatives